Slide 1: Third Quarter 2024 Operating & Financial Results
Third Quarter 2024 Operating & Financial Results November 7, 2024
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: Third Quarter Overview
Third Quarter Overview Gold Production: 134,900 ounces ↑ 37% vs Q2 Copper Production: 3,400 tonnes ↑ 21% vs Q2 Cash Cost1: $987 per ounce ↓ $226 vs Q2 AISC1: $1,729 per ounce ↓ $402 vs Q2 Capital allocation: Increased quarterly Record quarterly Strong Free Cash Flow1 (i) invested in growth Progresse
Slide 4: Achieved a Free Cash Flow Inflection
Achieved a Free Cash Flow Inflection Q3 2024 Financial Highlights 1 1 1 1 Record Revenue of $345 million YTD AISC1 of $1,729 per ounce, 19% lower than Q2 Q3 EBITDA margin of 45% Free Cash Flow of $66 million Reduced debt by $40 million H1 Bought back 3.2 million shares (C$3.37/share) 1. Non-IFRS fin
Slide 5: Record Quarterly Gold Production
Record Quarterly Gold Production Overview Q3 YTD 2024 Guidance Safety (TRIFR) 3.2 • Expected to meet 2024 guidance with a strong fourth quarter Gold Production koz 64.9 137.4 195 - 225 Cash Costs1 $/oz 683 1,152 900 - 1,000 • Improved AISC1, with a 23% decrease during the quarter AISC1 $/oz 1,537 1,
Slide 6: On Track For Year End Mining Rate of 2mtpa
On Track For Year End Mining Rate of 2mtpa Overview Q3 YTD 2024 Guidance1 Safety (TRIFR) 0.2 Gold Production koz 27.9 77.3 104 - 108 • Action plans in place to improve safety Copper Production kt 3.4 9.2 12 - 14 • Increased production as a result of better mill availability Cash Costs $/oz 824 803 7
Slide 7: Expect to Meet Annual Production Guidance
Expect to Meet Annual Production Guidance Overview Q3 YTD 2024 Guidance1 Safety (TRIFR) 0.9 • Third quarter mill feed a combination of Innes Mills ore, low Gold Production koz 28.3 87.5 120 - 135 grade stockpiles and underground ore Cash Costs $/oz 1,458 1,185 1,100 - 1,200 AISC $/oz 2,099 2,060 1,9
Slide 8: Improved Underground Performance
Improved Underground Performance Overview Q3 YTD 2024 Guidance1 Safety (TRIFR) 1.0 • Q3 production improved as a result of remnant mining Gold Production koz 13.8 35.7 48 - 52 compliance to plan Cash Costs $/oz 1,538 1,588 1,500 - 1,600 AISC $/oz 2,252 2,357 2,225 - 2,375 • AISC is improving with hi
Slide 9: Updated 2024 Guidance
Updated 2024 Guidance Original Updated Drivers 510 - 570 480 - 500 Lower production at Didipio and Waihi Gold Production (koz) 12 - 14 Unchanged - Copper Production (kt) 1,475 - 1,600 1,725 - 1,825 Lower production and increased capital AISC ($/ounce) Mainly related to additional water 310 - 370 380
Slide 10: Delivering On Our Commitments
Focused on safe and responsible mining Committed to a safe workplace through our two key safety programs Further strengthened the balance sheet Generated strong FCF from operations and continuing to repay debt Delivering On Applying our disciplined capital allocation framework Delivering shareholder
Slide 11: OceanaGold contact details
y OCEANAGOLD 400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7 Canada \ 41604678 4123 LX ir@oceanagold.com ® oceanagold.com