Oceanagold Corporation · TSX:OGC
Oceanagold — Q2 2023 Earnings Presentation
13 slides from Oceanagold's earnings presentation, Aug 2, 2023
Slide 1: Q2 2023 Operating and Financial Results
Q2 2023 OPERATING AND FINANCIAL RESULTS August 2, 2023 CARE | RESPECT | INTEGRITY PERFORMANCE | TEAMWORK
Slide 2: Cautionary Statements
CAUTIONARY 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 to issue, sec
Slide 3: Q2 2023 Highlights
Q2 2023 HIGHLIGHTS On track to meet full-year consolidated production, cost & capital guidance TSX: OGC SHARES OUTSTANDING1: 707M MARKET CAPITALISATION1: C$2.0B NET DEBT2: $136M Q2 CONSOLIDATED RESULTS 12MMA TRIFR of 3.5 Gold production: 130,055 ounces Copper production: 3,400 tonnes Waihi & Macraes
Slide 4: Q2 2023 In Line With Plan
Q2 2023 IN LINE WITH PLAN On track to meet full year consolidated guidance Guidance: 460 510 Q1 H1 Gold Production (koz): 118 248 Guidance: 12 14 Q1 H1 Copper Production (kt): 3.5 6.9 Guidance: $1,425 $1,525 Q2 H1 Q1 AISC ($/ounce): $1,318 $1,567 $1,429 Guidance: $330 $385 Q1 H1 Total Capex ($M)1: $
Slide 5: Strong Q2 Financial Results
STRONG Q2 FINANCIAL RESULTS KEY FINANCIAL METRICS IMPROVING FINANCIAL FLEXIBILITY REDUCTION IN NET DEBT1 -32% Revenue YoY • Strong quarterly gold sales Gold Sales (koz) ($M) EBITDA ($M) -43% YoY 150 130 350 200 • Strong quarterly and record first half revenue 150 110 250 90 118 139 301 100 153 • Str
Slide 6: Haile Q2 2023
HAILE Q2 2023 A stable quarter of delivery • Production in Q2 impacted by lower grade encountered in Mill Zone lower levels • Mill Zone scheduled to be complete in Q3, transitioning to Ledbetter phase 2 in Q4 • Improved AISC driven by strong sales • Q3 expected to be weakest quarter of the year • Pa
Slide 7: Haile Expansion Update
HAILE EXPANSION UPDATE Horseshoe underground progressing safely • Decline is approaching the 975 level (third production level) • Development rates of ~300 metres per month in Q2 • Underground grade control drilling program commenced • First Haile UG ore remains on track for delivery to mill in Q4 2
Slide 8: Didipio Q2 2023
DIDIPIO Q2 2023 Continued steady production and strong FCF generation • AISC higher in the quarter as expected with increase in sustaining capex • Sustaining capex is second half weighted (dry season) • Optimization study to increase UG mining rates to at least 2Mtpa ongoing • Community projects pro
Slide 9: Macraes Q2 2023
MACRAES Q2 2023 Operational and financial performance rebounded in quarter • Strong improvement in quarter following repair of Ball Mill #2 trunnion at end of Q1 • Planned inspection identified further lengthening of trunnion crack at end of Q2 – bolt-on trunnion is expected to be installed in Q3 –
Slide 10: Waihi Q2 2023
WAIHI Q2 2023 Improved performance from the first quarter • Improved underground mining rates and recovery from extreme rain event in Q1 • Improved AISC from higher sales partially offset by labour costs and sustaining capex • Production continues to be weighted to H2 2023 • Resource conversion dril
Slide 11: Wharekirauponga Exploration Update
WHAREKIRAUPONGA EXPLORATION UPDATE Results to date from the 2023 Resource conversion program 1 June 19, 2023 results in purple text 11 1. See news release “OceanaGold Provides Exploration Update for Wharekirauponga” dated June 19, 2023.
Slide 12: A Focus On Delivering Shareholder Value
A FOCUS ON DELIVERING SHAREHOLDER VALUE Continuing to focus on our goals in 2023 Operate safely and responsibly Deliver on guidance Optimize production and reduce costs to maximize FCF generation Investing in high-value growth and exploration capability to deliver attractive returns Increase returns
Slide 13: 400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7
400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7 Canada T: +1 604 678-4123 ir@oceanagold.com oceanagold.com