Slide 1: Q1 2016 Results Presentation
Consistently Delivering On Commitments April 29, 2016 Q1 2016 Results Presentation
Slide 2: Cautionary & Technical Statements
Cautionary & Technical Statements Cautionary Notes - Information Purposes Only The information contained in this presentation is provided by OceanaGold Corporation (“OGC”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer t
Slide 3: Q1 2016 Results Summary
Q1 2016 Results Summary Consolidated Operations Q1 2016 Q4 2015 Gold Production oz 122,782 119,500 Gold Sales oz 117,387 125,246 Copper Production t 5,972 5,591 Copper Sales t 4,745 5,597 Cash costs per oz sold $436 $441 AISC YTD per oz sold $716 $709 Consolidated Financial Q1 2016 Q4 2015 Revenue U
Slide 4: Safety Performance
Safety Performance Total Recordable Injury Frequency Rate (TRIFR) 14 12 10 8 6 4 2 0 2011 2012 2013 2014 2015 Q1 2016 No Lost-Time Over 8.5 million Reduced TRIFR Injuries recorded man hours have to 2.57 in Q1 accumulated from 2.9 without an LTI recorded in 2015 4
Slide 5: Operational Performance
Q1 2016 OPERATIONAL PERFORMANCE
Slide 6: Philippines
Philippines Didipio Gold Production and Sales Didipio Copper Production and Sales Q3 2015 Q4 2015 Q1 2016 Q3 2015 Q4 2015 Q1 2016 46,811 5,972 5,591 5,484 5,597 37,061 5,219 33,094 4,745 31,984 28,829 27,708 Gold Production (oz) Gold Sales (oz) Copper Production (t) Copper Sales (t) Record quarterly
Slide 7: Didipio Operating Statistics
Didipio Operating Statistics Didipio Mining Performance Didipio Processing Performance Total Ore Mined (t) Total Waste Mined (t) Mill Feed (t) Recovery Gold (%) Recovery Copper (%) 1,000,000 95.3 100.0 93.3 94.6 900,000 90.0 800,000 88.9 89.3 89.6 80.0 700,000 905,500 945,870 70.0 905,880 600,000 60
Slide 8: Didipio Underground
Didipio Underground Limit of Oxidation Tunja Stage 5 Monzonite and 6 Pit Designs Underground Mine AuEq g/t Dark Dark Diorite Diorite Progressing Over 24 million Underground toward first tonnes of open infill and underground ore pit ore to be extensional through mill by stockpiled by drilling expecte
Slide 9: Underground Development
Underground Development OCEAMAGOLD
Slide 10: Didipio FTAA
Didipio FTAA Gold in soil anomalies within 13,000+ hectares Targets identified through Upper stream sediment Tucod Mogambos geochemistry TNN Cabinwangan Follow up soil surveys over MMB prospective catchments delineated targets Papaya 2016 Program • 8,900 m drilling Didipio Au-Cu • Infill mapping, sa
Slide 11: Mine Permit Area Drill Targets
Mine Permit Area Drill Targets Exploration drilling Chinichinga • 103,309 m to date Targets San Pedro True Blue • Didipio • True Blue Didipio Deposit • Chinichinga • San Pedro Luminag • Luminag • Morning Star • D’Beau Morning Star D’Beau 2016: 2,900 m drill program commenced Exploration and Resource
Slide 12: Didipio FTAA Drill Targets
Didipio FTAA Drill Targets 15.1 g/t Au & Upper Tucod • 4 Initial drilling targets Mogambos 0.1 % Cu • 6,000 m drilling 1.02 g/t Au • Mapping, soil sampling, 1.90 g/t Au & geophysics 0.8 % Cu 1.48 g/t Au, 1.56 g/t Au & 127 g/t Ag, 0.4 % Cu 9.7 % Cu 1.73 g/t Au, 141 g/t Ag 8.13 g/t Au 1.0 % Cu * 1.70
Slide 13: Didipio FTAA Drill Targets
Didipio FTAA Drill Targets 15.1 g/t Au & Upper Tucod • 4 Initial Drilling Targets Mogambos 0.1 % Cu • 6,000 m drilling 1.02 g/t Au • Mapping, soil sampling, 1.90 g/t Au & geophysics 0.8 % Cu 1.48 g/t Au, 1.56 g/t Au & 127 g/t Ag, 0.4 % Cu 9.7 % Cu 1.73 g/t Au, 141 g/t Ag 8.13 g/t Au 1.0 % Cu * 1.70
Slide 14: Waihi Q1 2016 Overview
Waihi Q1 2016 Overview Waihi Gold Production & Sales Q3 2015 Q4 2015 Q1 2016 39,927 36,983 36,758 34,987 32,997 28,341 Gold Produced (oz) Gold Sales (oz) Over 1.5 million First full quarter Announced Commenced man hours of production change to owner development of worked without under OGC mining eff
Slide 15: Waihi Key Operating Statistics
Waihi Key Operating Statistics Waihi Mining Performance Waihi Processing Performance Total Ore Mined (t) Total Waste Mined (t) Mill Feed (t) Recoveries (%) 160,000 91.3 100 90.7 91.2 140,000 90 19,684 80 35,467 40,440 120,000 148,304 143,361 135,269 70 100,000 60 80,000 50 151,612 60,000 40 132,598
Slide 16: Waihi Exploration
Waihi Exploration WKP Open Pit WKP33 WKP34 WKP26 WKP25 WKP24 WKP39 WKP31 WKP27 WKP30 WKP28 WKP29 WKP38 WKP32A WKP32 WKP35 WKP36 WKP37 Underground Eight drill rigs operating: four on surface, four on underground targets WKP drilling expected to commence in Q2 16
Slide 17: Macraes & Reefton Q1 2016 Overview
Macraes & Reefton Q1 2016 Overview Macraes & Reefton Production & Sales Gold Produced Macraes (oz) Gold Produced Reefton (oz) Combined Gold Sales (oz) 53,335 50,931 43,568 38,523 37,924 34,511 20,315 13,495 4,477 Q3 2015 Q4 2015 Q1 2016 Over 2 million Reefton placed Continued man hours on care and d
Slide 18: Macraes Key Operating Statistics
Macraes Key Operating Statistics Macraes Mining Performance Macraes Processing Performance Total Ore Mined (t) Total Waste Mined (t) Mill Feed (t) Recoveries (%) 1,460,000 1,456,788 1,455,769 90 80 1,450,000 80.6 81.9 81.7 70 1,440,000 60 tonnes 50 6,379,644 6,649,961 1,430,000 % 5,508,847 1,422,434
Slide 19: Macraes Exploration
Macraes Exploration Macraes South Macraes North Extensive 35-km strike length Focused on primary targets Focused on stockwork ore, low strip ratio, underground 19
Slide 20: Haile Development
Haile Development Haile Development Capex* Capex Remaining*: $202m Capex Spent*: $178m CONSTRUCTION STATUS* Milestone completed in Q1 Engineering Procurement PAG cell ready for use Complete 85% Complete *Note: As at 31 Mar 2016 20
Slide 21: Haile Progress
Haile Progress Photos from April 22, 2016 MINING PROCESS PLANT Mining enhancements Processing enhancements • Dedicated grade control drilling • Added crushed ore bin to reduce • Introducing ROM pad dust • Replaced front end loaders with • New flash flotation cell to larger, bucket excavators more pr
Slide 22: Strategic Investments
Strategic Investments Gold Standard NuLegacy Ventures Carlin Trend, Cortez Trend, Location Nevada Nevada Project Railroad-Pinion Iceberg Equity Stake 19.1% 19.9% # Shares Owned 39.3m 47.7m C$30.3m C$6.7m Total Investment (C$0.77 / share) (C$0.14 / share) Current value C$60.1m(1) C$13.4m(1) (1) As at
Slide 23: Financial Performance
Q1 2016 FINANCIAL PERFORMANCE
Slide 24: Financial Position (as at Mar 31, 2016)
Financial Position (as at Mar 31, 2016) Strong balance sheet, liquidity and cash flows Cash Drawn Facility $118m $183m Total Liquidity Total Debt $185m $195m Undrawn Facility Equipment Leases $67m $12m Decreased cash Slight reduction Financing QoQ due to in debt through charges reduced capex spend o
Slide 25: Q1 2016 Financial Summary
Q1 2016 Financial Summary Financial Performance Metal Sales Q3 2015 Q4 2015 Q1 2016 Q3 2015 Q4 2015 Q1 2016 161.1 140.5 136.0 143.6 109.6 85.7 77.9 57.6 35.1 28.3 26.6 23.1 22.6 23.5 6.9 Revenue ($m) EBITDA ($m) Net Profit ($m) Gold Sales ($m) Copper Sales ($m) QoQ increase in QoQ increase in Increa
Slide 26: Consolidated Financial Results
Consolidated Financial Results Q1 2016 Q4 2015 Q1 2015 Gold production (ounces) 122,782 119,500 91,146 Gold sales (ounces) 117,387 125,246 86,234 Copper production (tonnes) 5,972 5,591 6,102 Copper sales (tonnes) 4,745 5,597 6,245 Gold price received ($ per ounce) 1,197 1,086 1,195 Copper price rece
Slide 27: Q1 2016 Cash Flows
Q1 2016 Cash Flows Cash Flow Performance Q3 2015 Q4 2015 Q1 2016 Operating cash flows were lower QoQ on higher working capital mainly from ~$25m 103.7 increase in receivables 62.2 41.0 31.7 23.8 22.4 Investing cash flows include GSV investment Operations Cash Flows ($m) Investing Cash Flows ($m) Cap
Slide 28: Looking Ahead
Looking Ahead Solid growth with strong cash flows ORGANIC GROWTH – extensive exploration program across first quartile cost assets Haile Waihi Didipio & FTAA 40km+ of drilling 34km+ of drilling Drilling & surface exploration DEVELOPMENT – pipeline of development projects to drive further growth Hail
Slide 29: www.oceanagold.com
y / www.oceanagold.com 4) Innovation ¢ Performance ¢ Growth OCEANAGOLD