Oceanagold Corporation · TSX:OGC
Oceanagold — Q3 2025 Earnings Presentation
13 slides from Oceanagold's earnings presentation, Nov 6, 2025
Slide 1: Third Quarter 2025 Operating & Financial Results
Third Quarter 2025 Operating & Financial Results November 6, 2025
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 a
Slide 3: Third Quarter Overview
• Third Quarter Overview Gold Production: 103,500 ounces Copper Production: 3,100 tonnes Cash Costs1: $1,420 per ounce AISC1: $2,333 per ounce Strengthened balance 75% increase in full year On track to deliver 2025 WNP early works sheet with zero debt share buyback program guidance ongoing with Fast
Slide 4: Delivering Strong Returns on Capital
Delivering Strong Returns on Capital Return on Capital Employed1 Free Cash Flow Yield2 1. Source: Capital IQ. Last 12 months after-tax EBIT over total assets less current liabilities. 2. Calculated as trailing 12 month Free Cash Flow over the average trailing 12 month market capitalization in USD. F
Slide 5: On Track to Achieve 2025 Guidance, with Strong Q4 Outlook
On Track to Achieve 2025 Guidance, with Strong Q4 Outlook YTD Gold Production YTD Copper Production YTD Total Capital Investment2 340 koz 10.2 kt $345M YTD YTD YTD 70%1 73%1 68%1 Guidance: 450 - 520 koz Guidance: 13 - 15 kt Guidance: $485 - $530M $2,052/oz YTD AISC3 YTD Guidance: $1,900/oz $2,050/oz
Slide 6: Continued Strong Financial Performance
Continued Strong Financial Performance Operating Cash Flow Adjusted EBITDA ($M)1 Adjusted EPS ($/sh)1 per Share ($/sh)1 Free Cash Flow ($M)1 Record revenue of $449M driven by operational performance and record average realized gold price of $3,476/oz Quarterly Adj net profit1 of $93M and Adj EPS1 of
Slide 7: Execution Reinforces Financial Position and Enhanced Returns
Execution Reinforces Financial Position and Enhanced Returns Adding Cash to the Balance Sheet ($M) 335 299 228 192 72 Robust financial position 30 (77) (82) (136) (172) 75% increase in full year share (191) Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 buyback program to $175M Ne
Slide 8: Well Positioned for a Strong Fourth Quarter
Well Positioned for a Strong Fourth Quarter Overview Q3 YTD 2025 Guidance Safety (TRIFR)1 1.3 • Production and AISC expected to be in line with full year Gold Production koz 30.0 129.2 170 - 200 guidance Cash Costs2 $/oz 1,981 1,117 950 - 1,050 AISC2 $/oz 3,464 2,127 2,050 - 2,200 • Ledbetter Phase
Slide 9: On Track for Full Year Guidance
On Track for Full Year Guidance Overview Q3 YTD 2025 Guidance Safety (TRIFR)1 0.1 • Production and capital expected to be in line with guidance Gold Production koz 21.9 66.9 85 - 105 Copper Production kt 3.1 10.2 13 - 15 • Successfully completed dewatering of the decline and expect Cash Costs2 $/oz
Slide 10: Fresh Ore Drives Uplift in Production
Fresh Ore Drives Uplift in Production Overview Q3 YTD 2025 Guidance Safety (TRIFR)1 1.2 • Expect to be in line with guidance, driven by significantly Gold Production koz 32.8 91.2 135 - 150 stronger Q4 production Cash Costs2 $/oz 1,345 1,408 1,025 - 1,175 AISC2 $/oz 2,171 2,198 1,800 - 1,950 • Fresh
Slide 11: Execution Drives Another Strong Quarter
Execution Drives Another Strong Quarter Waihi Overview Q3 YTD 2025 Guidance Safety (TRIFR)1 1.2 • Delivered strong production and costs, on track to achieve Gold Production koz 18.8 52.9 55 - 70 top end of production guidance Cash Costs2 $/oz 1,539 1,551 1,600 - 1,800 AISC2 $/oz 2,039 2,080 2,000 -
Slide 12: Delivering On Our Commitments
Focused on safe and responsible mining Committed to a safe workplace Deliver on guidance Remain on track to deliver full year production, cost and capital guidance Generating robust Free Cash Flow1 & maintaining a strong balance sheet Delivering On High gold price provides significant upside to cash
Slide 13: OceanaGold Investor Relations Contacts
y OCEANAGOLD Brian Martin SVP, Business Development & Investor Relations Haley Mayers Vice President, Investor Relations Valerie Bums Manager, Investor Relations 400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7 Canada \ +1604 678 4123 4 ir@oceanagold.com ® oceanagold.com