Slide 1: Q3 2016 Results Presentation
Consistently Delivering On Commitments October 28, 2016 Q3 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: Key Highlights
Key Highlights Haile construction on schedule & budget Other Growth • Commissioning commenced • Didipio underground design enhanced; • Crushing circuit energised and crushing rock expecting reduced LoM sustaining capex • TSF complete • Exploration success continues at Haile, • PAG Cell Phase 2 compl
Slide 4: Ongoing Focus on Safety
Ongoing Focus on Safety Total Recordable Injury Frequency Rate* 14 12 10 8 6 4 down 72% 2 0 2011 2012 2013 2014 2015 Q3 2016 *Note. Total Recordable Injury Frequency Rate = (number of recordable injuries / number of man hours worked) x 1,000,000 for the period between CY2011 to H1 2016 4
Slide 5: Philippines
Philippines Working collaboratively to advance responsible mining Department of Environment & Natural Resources (DENR) Audit Report on Didipio Operations Findings and recommendations consistent with those discussed with the audit team at the audit close-out meeting Contained ZERO environmental or le
Slide 6: YTD Consolidated Performance
YTD Consolidated Performance OPERATIONAL FINANCIAL Consolidated Production Growth Consolidated Financial Growth 53.8 YTD Sep 2015 YTD Sep 2016 22.5 Gold production (koz.) (59.6) 481.2 297.7 314.3 364.4 6% increase 216.7 135.9 93.9 30.4 YTD Sep Didipio Waihi Macraes and YTD Sep Revenue EBITDA Net Pro
Slide 7: Haile Development
4) OCEANAGOLD HAILE DEVELOPMENT
Slide 8: Haile Development
Haile Development Capital Expenditure Status(1) Key Milestones (2) Key Milestones Capex spent to-date Capex remaining Tailings Storage Facility Complete $64m Civil works Complete Structural infrastructure Complete $316m Mechanical infrastructure Complete Piping infrastructure 65% MajorMilestones Maj
Slide 9: Haile Progress
Haile Progress Process Plant, October 21 2016 Energisation and commissioning Steel, tanks, and placement of Focus on completion of piping, works commenced mechanical equipment complete electrical and instrumentation works 9
Slide 10: Haile Progress
Haile Progress Process Plant, October 21 2016 Emergency stockpile circuit Commissioning activities commenced Crusher commissioned with rock constructed early Q4 2016 10
Slide 11: Haile Progress
Haile Progress Grinding Circuit, October 21 2016 Expect to energise the grind circuit Lined the Mill mid-November 11
Slide 12: Haile Progress
Haile Progress Mill Zone Pit, October 21 2016 Steady state mining rate of 60,000 Stockpiled 0.35Mt of oxide ore Additional trucks commissioned tonnes per day 12
Slide 13: Haile Progress
Haile Progress TSF, October 21 2016 Construction complete Approval process commenced 13
Slide 14: Operational Performance
Q3 2016 OPERATIONAL PERFORMANCE
Slide 15: Didipio Q3 2016 Overview
Didipio Q3 2016 Overview Didipio Gold Production and Sales Didipio Copper Production and Sales Q1 2016 Q2 2016 Q3 2016 Q1 2016 Q2 2016 Q3 2016 46,811 44,076 44,837 6,272 6,113 5,972 5,596 37,061 5,114 32,505 4,745 25,568 Gold Production (oz) Gold Sales (oz) Copper Production (t) Copper Sales (t) 201
Slide 16: Didipio Operating Statistics
Didipio Operating Statistics Didipio Mining Performance Didipio Processing Performance Total Ore Mined (t) Total Waste Mined (t) Q1 2016 Q2 2016 Q3 2016 1,200,000 945,870 971,262 1,000,000 883,459 800,000 5,564,339 5,535,009 4,347,840 600,000 400,000 2,442,109 200,000 1,844,945 1,646,248 0 Q1 2016 Q
Slide 17: Didipio Mine Plan
Didipio Mine Plan Pit Topo as of 21-Oct-2016 Stage 6 Final Pit Design Monzonite Open Pit Underground Expected completion in late 2017 First U/G ore expected late 2017 Mining rate of 1.0 Mtpa (2018 – 2020) 24Mt of ore to be stockpiled; currently 19Mt Mining rate of 1.6 Mtpa (post-2020) 17
Slide 18: Waihi Q3 2016 Overview
Waihi Q3 2016 Overview Waihi Gold Production and Sales 2016 YTD Q1 2016 Q2 2016 Q3 2016 (Sep 30) 36,983 36,758 AISC: US$726 / oz sold 26,540 26,904 24,842 23,225 Cash Costs: US$487 / oz sold TRIFR: 5.54 / million man hours worked Gold Production (oz) Gold Sales (oz) Tragically an underground operato
Slide 19: Waihi Operating Statistics
Waihi Operating Statistics Waihi Mining Performance Waihi Processing Performance Total Ore Mined (t) Total Waste Mined (t) Q1 2016 Q2 2016 Q3 2016 160,000 143,361 140,000 40,440 120,000 106,198 110,985 70,840 47,160 100,000 80,000 60,000 134,011 109,004 108,304 40,000 20,000 0 Q1 2016 Q2 2016 Q3 201
Slide 20: Waihi Exploration Program
Waihi Exploration Program 34,000+ metres of drilling planned for 2016 THREE AREAS OF FOCUS Waihi Waihi Regional Exploration (Underground drilling) (Surface drilling) Three drill rigs Four drill rigs Planning stage Testing resource potential WKP drilling to commence in Resource expansion beneath open
Slide 21: Macraes & Reefton Q3 2016 Overview
Macraes & Reefton Q3 2016 Overview Macraes & Reefton Production and Sales Gold Produced Macraes (oz) Gold Produced Reefton (oz) 2016 YTD Combined Gold Sales (oz) (Sep 30) AISC: US$1,138 / oz sold 43,568 44,165 40,182 40,848 34,511 31,941 Cash Costs: US$861 / oz sold 4,477 TRIFR: 6.87 / million man h
Slide 22: 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 (%) 1,600,000 81.7 80.7 86.0 100.0 1,400,000 90.0 80.0 1,200,000 70.0 1,000,000 60.0 9,914,137 9,262,496 1,455,769 % 800,000 1,464,622 50.0 1,
Slide 23: Macraes Exploration
Macraes Exploration Mt.Highlay Nunns Exploration on 35-km of strike Mareburn Coronation North Coronation Pit 30,000 m of drilling planned in 2016 Macraes Process Plant Discovery of high-grade mineralization at Nunns prospect Frasers Underground Primary targets Coronation North – ongoing Frasers Unde
Slide 24: Financial Performance
Q3 2016 FINANCIAL PERFORMANCE
Slide 25: Financial Position (as at Sept 30, 2016)
Financial Position (as at Sept 30, 2016) Strong balance sheet, liquidity and cash flows Undrawn Facility Total Liquidity Cash* $57m $145m $88m Equipment Leases $55m Total Debt Drawn Facility $298m $243m *Note: Does not include marketable securities 25
Slide 26: Q3 2016 Financial Summary
Q3 2016 Financial Summary Financial Performance Metal Sales Q1 2016 Q2 2016 Q3 2016 Q1 2016 Q2 2016 Q3 2016 169.8 161.1 144.6 140.5 150.4 126.7 77.9 77.3 61.6 39.7 30.7 28.2 26.6 23.5 23.1 Revenue ($m) EBITDA ($m) Net Profit ($m) Gold Sales ($m) Copper Sales ($m) Revenue decreased QoQ EBITDA decreas
Slide 27: Consolidated Financial Results
Consolidated Financial Results Q3 2016 Q2 2016 Q3 2015(2) YTD 2016 YTD 2015 Gold production (ounces) 88,975 102,557 87,667 314,313 297,663 Gold sales (ounces) 98,195 115,906 78,639 331,489 276,104 Copper production (tonnes) 5,114 6,272 5,219 17,358 17,518 Copper sales (tonnes) 5,596 6,113 5,484 16,4
Slide 28: Q3 2016 Cash Flows
Q3 2016 Cash Flows Cash Flow Performance Capital Expenditure Breakdown Q1 2016 Q2 2016 Q3 2016 Non-sustaining Sustaining Capitalised Mining Exploration* 140 122.5 117.2 116.3 120 115.4 103.7 91.5 100 93.9 80 US$m 60 31.7 29.4 40 20 0 Operations Cash Flows ($m) Investing Cash Flows ($m) Q1 2016 Q2 20
Slide 29: Remainder of 2016
Remainder of 2016 HAILE OPERATIONS Didipio production expected higher than in Q3 Complete construction from better grades, offset by lower mill feed Waihi production expected higher than in Ramp-up commissioning Q3 from better grades First ore through the mill by year end Macraes production similar
Slide 30: www.oceanagold.com
y / www.oceanagold.com 4) Innovation ¢ Performance ¢ Growth OCEANAGOLD