Oceanagold Corporation · TSX:OGC
Oceanagold — Investor Presentation (April 2026)
37 slides from Oceanagold's investor presentation, April 2026
Slide 1: Performance, Growth, Returns
Performance, Growth, Returns April 2026 TSX/NYSE: OGC
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: Global Intermediate Gold and Copper Producer
Global Intermediate Gold and Copper Producer Mining gold for a better future Committed to 4 operating mines safely and responsibly Total gold Reserves maximizing the generation of 35+ years in attractive of 5.8 Moz1 of exploration, development Free Cash Flow jurisdictions from our operations and and
Slide 4: Our Purpose, Vision and Values
Our Purpose Mining gold for a better future Our Vision To be a company people trust, want to work and partner with, supply and invest in, to create value Our Values Care Respect Integrity Performance Teamwork 4
Slide 5: Diversified Portfolio
Diversified Portfolio Four operating assets producing GOLD & COPPER with significant organic growth opportunities 2026 Guidance 520 – 590 koz 13 – 15 kt $1,750 - $1,900 GOLD PRODUCTION COPPER PRODUCTION AISC2 HEAD DIDIPIO OFFICE Philippines 17% Vancouver, Canada 85 - 105 koz MACRAES 26% HAILE New Ze
Slide 6: Strong, Capable & Aligned Leadership Team
GERARD MARIUS VAN BHUVANESH KEENAN BOND NIEKERK MALHOTRA JENNINGS Strong, Capable President & Chief Executive Officer EVP, Chief Financial Officer EVP, Chief Operating Officer EVP, Chief Exploration Officer & Aligned Leadership Team MICHELLE LIANG DAVID EDELSON TANG BICKERTON EVP, Chief People & EVP
Slide 7: Executing on Our Corporate Strategy
Executing on Our Corporate Strategy Five pillars to increase and sustain a higher value for OceanaGold shares 1 2 3 4 5 Safely, Responsibly A Caring, Inclusive Increase Reserves & Deliver Financial Premium Rating with & Reliably Deliver and Winning Deliver New Resources Strength and the Investment G
Slide 8: Safely, Responsibly & Reliably Deliver Gold Production
1 Safely, Responsibly & Reliably Deliver Gold Production 600 590 550 Organic, low-risk, Gold Production (koz) production growth 498 520 500 489 450 2026 production growth is driven by Haile 400 350 2024 Actual 2025 Actual 2026 Guidance1 8 1. See Q4 2025 MD&A for further details. Guidance is subject
Slide 9: Updated Technical Reports
Updated Technical Reports Positioned to generate substantial FCF, based on reserves only1 $1,600 $1,577 $1,573 $1,575 $1,513 $1,519 $1,553 ✓ Expected to produce an average of 210,000 oz Au $1,307 $1,314 per year from 2027 to 2031 inclusive HAILE ✓ First ore from Palomino UG expected in 2028 248 231
Slide 10: Sustainability is Central to Business Performance
27% of short-term High importance on delivering incentive KPIs are results in a responsible way sustainability related 10% Sustainability is 17% 2026 Corporate 40% Central to Business Safety of the workforce, care for Scorecard & KPI Breakdown the environment, positive 6% Performance relationships w
Slide 11: A Caring, Inclusive and Winning Culture
2 A Caring, Inclusive and Winning Culture Culture survey achieved strong employee engagement scores Strength in technical expertise and across our business Focused on creating an inclusive and respectful workplace experience for our workforce Living Our Values program celebrates outstanding role mod
Slide 12: Increase Resources & Reserves Cost Effectively
3 Increase Resources & Reserves Cost Effectively Record exploration spend planned for 2026 2026 Priorities Conversion of Resources to Reserves $10M $40M $10M Brownfield exploration to grow Resources $25M New greenfield opportunities & $10M earn-ins 2025A 2026E1 Didipio Waihi District Macraes Haile 1
Slide 13: Key Catalysts
EXPECTED PROJECT CATALYST TIMING 1 Palomino Underground First ore 2028 HAILE Ledbetter Underground First ore 2029 Record exploration budget 2026 Further mine life Key Catalysts MACRAES extension Further studies Ongoing Attractive organic Waihi North Project Tunnelling to growth projects development
Slide 14: Deliver Financial Strength and Returns
4 Deliver Financial Strength and Returns 477 Robust financial position Adding Cash to the Balance Sheet 192 Net Cash (debt) ($M)1 No debt (77) (170) Increasing 2022 2023 2024 2025 shareholder returns Returning Capital up to 432 Tripled annual to Shareholders dividend for 2026 Dividends ($M) ($0.36 p
Slide 15: A Focus on Per Share Metrics
A Focus on Per Share Metrics Production (oz/‘000 share) Operating Cash Flow1 ($/share) Strong per share metrics 2.0 2.0 2.0 2.2 3.96 1.5 2.48 1.62 1.69 Free Cash Flow powered by 1.11 strong production and high gold price environment 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 No gold hedges, p
Slide 16: Delivering Strong Returns on Capital
Delivering Strong Returns on Capital Generated $543M of Free Cash Flow1 in 2025 Free Cash Flow Yield2 Return on Capital Employed3 15% 18% 14% 9% 7% 6% 4% 3% 2022 2023 2024 2025 2022 2023 2024 2025 1. Non-IFRS measure. See “Cautionary Notes Regarding Non-IFRS Measures” in this presentation. 2. Calcul
Slide 17: Shareholder Focused Capital Allocation
Shareholder Focused Capital Allocation 2026 Illustrative1 2025 Actual Sustaining2 $305M Sustaining2 $336M Growth $280M Buybacks & Growth Buybacks & Dividends $94M Dividends +112% $432M $203M Cash Build Dividends 3x $285M Share Buybacks 2x Cash Build1 (gold price dependent) Exploration $40M Explorati
Slide 18: A Premium Rating with the Investment Community
5 A Premium Rating with the Investment Community 2 0 2 6 E F C F Yi e l d 1 P/ N AV 2 2 0 2 6 E EV E B I T DA 3 RRL LUG LUG 21.22% 1.5x 9.2x Independent Chair TXG 18.27% EVN 1.1x AGI 8.2x and strong technical EDV 16.20% CDE 1.1x EVN 6.4x Directors IMG 16.04% K 1.0x DPM 6.4x OGC 14.98% OGC 0.9x NST 5
Slide 19: Investment Thesis
Global gold and copper producer with deep expertise in operations, development and exploration Committed to safe and responsible mining managing our impacts and contributing to our host communities and society Investment Attractive financial outlook with significant production growth and Free Cash F
Slide 20: Haile
HAILE HAILE Growth in the USA OVERVIEW Location South Carolina, USA ~45% Metals Gold of OGC’s Annual Mine Type Production2 Open Pit & Underground Processing Type Carbon-in-leach flotation plant Mine Life1 2026 Guidance 2036+ 235 - 260 koz $1,500 - $1,700/oz GOLD PRODUCTION AISC 1. Based on the techn
Slide 21: Haile Exploration
Exploration HAILE Multi-million ounce mine with further upside potential Mines & Prospects Strategic Only gold producer in under-explored OGC Tenements Position gold district Resource Areas Fourth largest operating gold Target Areas mine in the United States Continue exploration with focus on underg
Slide 22: Macraes
MACRAES MACRAES The foundation asset OVERVIEW Location South Island, New Zealand ~26% Metals Gold of OGC’s Annual Mine Type Production2 Open Pit & Underground Processing Type Carbon-in-leach, Pressure oxidation Mine Life1 2026 Guidance 2032 135 - 155 koz $1,950 - $2,150/oz GOLD PRODUCTION AISC 1. Ba
Slide 23: Macraes Exploration
MACRAES Exploration 5 Moz produced from 11 deposits Strategic 30 km highly mineralized structure Position Mines & Prospects Large >14,000 ha prospective land OGC Tenements holding Resource Areas Macraes Shear Zone Significant ounce potential with leverage to higher gold prices Opportunity Mine life
Slide 24: Waihi
WAIHI WAIHI The gateway to Wharekirauponga OVERVIEW Location North Island, New Zealand ~12% Metals Gold, Silver of OGC’s Annual Mine Type Production2 Underground Processing Type Carbon-in-pulp Mine Life1 2026 Guidance 2038+ (MUG+WUG) 60 - 75 koz $2,100 - $2,300/oz GOLD PRODUCTION AISC 1. Based on th
Slide 25: Waihi North Project Development Updates
Waihi North Project Development Updates WAIHI Key Milestones Next Steps Services trench construction Expected completion in Q2 2026 • Commenced Q3 2025 Water treatment plant expansion Expected completion in Q2 2026 • Commenced Q3 2025 Services trench – March 2026 Underground development Tunnelling e
Slide 26: Fully permitted to develop & operate the Waihi North Project
Fully permitted to develop & operate the Waihi North Project WAIHI - 1845000mE - 1850000mE 8 Moz high-grade epithermal district1 1.2Moz of Reserves2, 800koz of Inferred2 at Wharekirauponga Strategic Wharekirauponga with strong growth Underground potential Position Mines & Prospects Large land holdin
Slide 27: Didipio
Didipio DIDIPIO A strong Free Cash Flow generator with upside OVERVIEW Location Luzon Island, Philippines Metals Gold & Copper ~17% Ownership of OGC’s Annual 80% OceanaGold, 20% PSE Listed Production2 Mine Type Stockpile & Underground Processing Type Gravity, Flotation 2026 Guidance Mine Life1 2037
Slide 28: Didipio Exploration
Exploration DIDIPIO HAILE High-margin Copper-Gold porphry Strategic Multi-million-ounce deposit with large and Position prospective land holding Mines Prospects OGC Tenements Intrusive Rock Continued growth through Resource conversion at depth Regional discovery potential across the FTAA Opportunity
Slide 29: Global Greenfields Exploration
Global Greenfields Exploration Targeting new greenfields exploration and earn-in opportunities Headwater Gold Carolina Rush Regional Targets Nevada, USA South Carolina, USA New Zealand & The Philippines TJ, Jake Creek & Hot Brewer Gold-Copper Project New Zealand Creek Projects • 2026: Initial drilli
Slide 30: Appendix
4) OCEANAGOLD Appendix
Slide 31: Capital Structure
Capital Structure Capitalization1 Top Shareholders2 Analyst Coverage TSX / NYSE OGC BMO Capital Markets Brian Quast Issued and Outstanding Shares1: 225M Canaccord Genuity Jeremy Hoy Fully Diluted Shares1: 228M CIBC World Markets Cosmos Chiu Current Share Price (CAD)2: $44.82 ATB Cormark Securities R
Slide 32: Board of Directors
PAUL GERARD LINDA SANDRA BENSON BOND BROUGHTON DODDS Chair Executive Director Non-Executive Non-Executive Board Director Director of Directors STEFANIE CRAIG ALAN IAN LOADER NELSEN PANGBOURNE REID Non-Executive Non-Executive Non-Executive Non-Executive Director Director Director Director 32
Slide 33: Benchmarking 2026 AISC and Fuel Price Sensitivity
Benchmarking 2026 AISC and Fuel Price Sensitivity Year on year change in AISC1 – 2026 vs 20252 60% (%) OceanaGold’s 2026 Guidance = 50% 40% 7% decrease in AISC1,2 30% 20% Through 2026, up to 80% of 10% diesel is hedged at ~$65/bbl, 0% at Haile and Macraes, our two -10% BTO NST DPM RRL EDV OLA K SSRM
Slide 34: Proven and Probable Reserves
Proven and Probable Reserves As at December 31, 2025 Proven Probable Proven & Probable Contained Tonnes Contained Tonnes Contained Tonnes (Mt) Au (g/t) Au (g/t) Au (g/t) Cut-off grade Ozs (Moz) (Mt) Ozs (Moz) (Mt) Ozs (Moz) Horseshoe Underground 1.52 4.39 0.21 2.63 4.24 0.36 4.14 4.29 0.57 1.86 g/t
Slide 35: Measured, Indicated & Inferred Resources
Measured, Indicated & Inferred Resources As at December 31, 2025 Measured Indicated Measured & Indicated Inferred Contained Contained Contained Contained Tonnes (Mt) Au (g/t) Tonnes (Mt) Au (g/t) Tonnes (Mt) Au (g/t) Tonnes (Mt) Au (g/t) Cut-off grade Ozs (Moz) Ozs (Moz) Ozs (Moz) Ozs (Moz) Horsesho
Slide 36: Technical Disclosure
Technical Disclosure Notes to Mineral Reserves and Mineral Resources Estimates All Mineral Reserves and Mineral Resources were estimated as of December 31, 2025 and have been prepared in accordance with NI 43-101. Mineral Reserves and Mineral Resources estimates are reported on a 100% basis. OceanaG
Slide 37: Investor Relations Contacts
BRIAN MARTIN SVP, Business Development & Investor Relations REBECCA HENARE 400 Burrard Street #1020 Vice President, Investor Vancouver, British Columbia Relations V6C 3B7 Canada +1 604 678 4123 VALERIE BURNS ir@oceanagold.com Manager, Investor Relations oceanagold.com