Slide 1: Q1 2024 Operating & Financial Results
Q1 2024 OPERATING & FINANCIAL RESULTS May 1, 2024 CARE | RESPECT | INTEGRITY PERFORMANCE | TEAMWORK
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Cautionary Note Regarding Forward-Looking Statements This presentation contains certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws which may include, but i
Slide 3: Q1 2024 Highlights
Q1 2024 HIGHLIGHTS TSX: OGC SHARES OUTSTANDING1: 711M MARKET CAPITALIZATION1: C$2.3B NET DEBT2: $82M Q1 CONSOLIDATED RESULTS 12MMA TRIFR of 1.0 per 200,000 hours Au Production: 104,800 ounces Cu Production: 3,000 tonnes Cash Costs: $1,194 per ounce AISC: $1,823 per ounce Strong quarterly sales at re
Slide 4: YTD Performance on Track
YTD PERFORMANCE ON TRACK Full year production guidance is second-half weighted 510 570 Q1 Gold Production (koz): Q1 Copper Production (kt): Q1 AISC ($/ounce): Q1 Total Capex ($M)1: 44 1. Includes general operations, pre-strip & capitalized mining, growth capital and exploration.
Slide 5: Cash Flow Generation During Period of Investment
CASH FLOW GENERATION DURING PERIOD OF INVESTMENT FINANCIAL METRICS Q1 HIGHLIGHTS • Strong quarterly sales driving quarterly revenue of $270 million at record gold prices • FCF positive despite weakest production quarter of the year and during a high capex phase • Adjusted EPS2,3 of $0.01 • Operating
Slide 6: Haile Underground Ramp Up on Schedule
HAILE UNDERGROUND RAMP UP ON SCHEDULE • Open pit stripping of Ledbetter Phase 2 continued in Q1, with access to ore expected in Q2 • AISC benefited by strong gold sales in Q1, offset by processing of stockpiles • AISC profile expected to decrease with increased production through 2024 • Production 6
Slide 7: Didipio Q1 Delivers to Plan
DIDIPIO Q1 DELIVERS TO PLAN • Q1 the lowest production quarter of the year based on the stope sequence • Production expected to be higher in second half of the year • AISC during the quarter reflects planned mill shut down - expected to improve through the year • Continue to progress study on increa
Slide 8: Macraes Delivers Record Mill Throughput
MACRAES DELIVERS RECORD MILL THROUGHPUT • Mill optimization initiatives starting in 2023 drove record quarterly throughput • Q1 included processing of low grade stockpiles and stripping Innes Mills 7 to access ore in H2 • 2024 production weighted ~55% to the back-half of the year • 2024 focused on i
Slide 9: Electric Shovel, Macraes Operation
ELECTRIC SHOVEL MACRAES OPERATION The new Hitachi electric-hydraulic shovel was successfully commissioned and put into production during the quarter. This shovel will help in reaching emission reduction targets and is 100% powered by renewable energy. Greenhouse gas emissions will be reduced by appr
Slide 10: Waihi Addressing Geotechnical Constraints
WAIHI ADDRESSING GEOTECHNICAL CONSTRAINTS • Q1 production impacted by geotechnical constraints in remnant mining area • ~4,500 ounces pushed from Q1 to the second half of the year • Annual production guidance factored in remnant mining challenges • Fast Track Approval Bill introduced by NZ Governmen
Slide 11: Q1 Exploration Highlights
Q1 EXPLORATION HIGHLIGHTS Positive exploration results to start the year Haile Didipio Wharekirauponga • First underground drill holes into • Depth extension of mineralization ~100m • New drill pad commissioned at Horseshoe Extension returned similar below previous intercept Wharekirauponga to bette
Slide 12: Continuing to Deliver on Our Strategy
CONTINUING TO DELIVER ON OUR STRATEGY To increase and sustain a higher value for OceanaGold shares Increase higher-grade underground ore feed at Haile & Didipio Advance the Waihi North Project Progress asset management and procurement initiatives to further increase Free Cash Flow1 from all operatio
Slide 13: Technical Disclosures
TECHNICAL DISCLOSURES Qualified Persons Except as otherwise stated herein, David Londono, Executive Vice President, Chief Operating Officer Americas and Peter Sharpe, Executive Vice President, Chief Operating Officer Asia-Pacific, qualified persons under NI 43-101, have reviewed and approved the dis
Slide 14: 400 Burrard Street, Vancouver
400 Burrard Street #1020 Vancouver, British Columbia V6C 3A6 Canada T: +1 604 678-4123 ir@oceanagold.com oceanagold.com