Oceanagold Corporation · TSX:OGC
Oceanagold — Q3 2022 Earnings Presentation
12 slides from Oceanagold's earnings presentation, Oct 27, 2022
Slide 1: Q3 2022 Financial and Operating Results
Q3 2022 FINANCIAL AND OPERATING RESULTS October 27, 2022 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: Q3 2022 Highlights
Q3 2022 HIGHLIGHTS Performance in line with expectations 2022 GROUP GUIDANCE1 Strong safety performance 445,000 – 495,000 gold ounces 12,000 – 14,000 copper tonnes Cash Costs: $800 – $900 per oz AISC: $1,375 – $1,475 per oz On track to deliver full-year guidance Haile SEIS published, early undergrou
Slide 4: Q3 Results at a Glance
Q3 RESULTS AT A GLANCE 2.3 TRIFR (12 MMA) ~105,000 ounces $214 million gold production revenue Per million hours worked YTD gold production YTD revenue of ~351,000 ounces of $729 million AISC $1,554 / ounce -$17 million Strong liquidity free cash flow1 $130m cash + $80m YTD AISC $1,338/ounce YTD fre
Slide 5: Financial Results Overview
FINANCIAL RESULTS OVERVIEW Q3 2022 Q2 2022 YTD 2022 YTD 2021 Q3 HIGHLIGHTS PROFITABILITY OVERVIEW • EBITDA of $40.1 million Revenue US$M 213.9 229.4 729.0 536.1 • Unrealised FX losses of $17m ($12.3m after tax) EBITDA US$M 40.1 74.7 272.8 241.1 • Adjusted Earnings per share of $0.01 NPAT US$M (6.4)
Slide 6: Haile Q3 2022
HAILE Q3 2022 Continued strong operational performance • Positive ore tonnage reconciliation • Mining transitioning to higher grade areas with production expected to increase in Q4 • Operations not impacted by Hurricane Ian, reflecting improved water management • Lower full year total capex expected
Slide 7: Haile Permitting Update
HAILE PERMITTING UPDATE Final SEIS Published1 • 30-day public comment period completed • No material comments received, and all have been addressed Approval for Preparation of Underground Operations Received2 • Allows for initial underground development and drilling of ventilation portals • To date,
Slide 8: Didipio Q3 2022
DIDIPIO Q3 2022 Another strong quarter at full underground mining rates • Achieved strong margins despite weaker gold and copper prices • Underground mining and process plant optimization studies underway • Commencing drilling program with objective of expanding current underground resource • Q4 pro
Slide 9: Macraes Q3 2022
MACRAES Q3 2022 Operations impacted by record July rainfall • Meaningful reduction in TRIFR, ~23% reduction quarter-over-quarter • Record monthly rainfall in July, impacted open pit and underground mining operations • Planned mill shutdown and maintenance completed in Q3 • Stronger Q4 production exp
Slide 10: Waihi Q3 2022
WAIHI Q3 2022 Significant improvement delivered • 67% QOQ improvement in gold production, 40% reduction QOQ in AISC • Martha Underground generated positive free cash flow in Q3 • Mine progressed to higher confidence areas • Improved production levels expected to continue in Q4 • Resource conversion
Slide 11: A Focus on Delivering Shareholder Value
A FOCUS ON DELIVERING SHAREHOLDER VALUE Key priorities Operate safely and responsibly Deliver on guidance Optimize operations and maximize FCF Execute on organic growth opportunities Increase returns to shareholders 11 11
Slide 12: Corporate Headquarters
Corporate Headquarters 400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7 Canada ir@oceanagold.com oceanagold.com