Oceanagold Corporation · TSX:OGC
Oceanagold — 2014 European Gold Forum
19 slides from Oceanagold's conference presentation, May 7, 2014
Slide 1: 2014 European Gold Forum
2014 European Gold Forum a Mick Wilkes, Managing Director & CEO May 7, 2014 Innovation Performance Growth
Slide 2: Cautionary Notes
Cautionary Notes 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, securiti
Slide 3: OceanaGold Today
OceanaGold Today Multinational gold producer generating strong free cash flows Philippines New Zealand Luzon Baguio Didipio Auckland Manila Reefton Open Pit Wellington Blackwater Christchurch Macraes Open Pit Round Hill Frasers Underground Dunedin Mindanao Markets: OGC Market Capitalisation1 Shareho
Slide 4: OceanaGold Vision & Strategy
OceanaGold Vision & Strategy We will be a mid-tier, multinational gold producer delivering superior shareholder returns in a safe and sustainable manner by developing and operating high quality assets. We will be the partner, employer and mining company of choice. Commitment to Optimise mines Sustai
Slide 5: Experienced Management Team
Experienced Management Team Mick Wilkes Managing Director & Chief Executive Officer • 30 years industry experience • Developed major projects in Australia & SE Asia • Strong Operations background in hard rock mining • Strong in Community and Government relations • Extensive SE Asian experience Micha
Slide 6: 2014 Guidance
2014 Guidance Increased gold production & strong copper production at Didipio, low costs New Zealand Didipio Total Company Combined Gold Production Guidance 85,000 – 95,000 190,000 – 210,000 275,000 – 305,000 (ounces) Copper Production Guidance 21,000 – 24,000 - 21,000 – 24,000 (tonnes) Cash Cost Gu
Slide 7: Q1 2014 Results Summary
Q1 2014 Results Summary Total Didipio Macraes Reefton Company Gold Production (ounces) 30,480 40,668 15,420 86,568 Copper Production (tonnes) 6,479 – – 6,479 Gold Sales (ounces) 36,264 39,242 18,544 94,050 Copper Sales (tonnes) 7,752 – 7,752 Cash Cost (per ounce sold) ($490)1 $584 $1701 All-In Susta
Slide 8: Share Price Performance Comparative
Share Price Performance Comparative Effective execution of strategy: strong results & enhanced shareholder value Share Price Performance (Last 6 months as at 25 Apr 2014) 80% 60% 40% 20% 0% -20% -40% Northern Star Resources… Primero Mining Corp. AuRico Gold OZ Minerals Newcrest Mining Yamana Gold Os
Slide 9: Global AISC Curve Comparative
Global AISC Curve Comparative 1,600 All-In Sustaining Cost Curve 1,400 Gold Price (as at 29 Apr 2014) 1,200 All-in Sustaining cost ($/oz Au) 1,000 800 600 OceanaGold 2014 AISC Forecast Range 400 200 0 -200 -400 Q1 Q2 Q3 Q4 -600 -800 0 10 20 30 40 50 60 70 80 90 100 Cumulative Production (Percentile)
Slide 10: EV/Production vs. AISC Comparative
EV/Production vs. AISC Comparative Low cost producer trading at a discount to peer gold producers OceanaGold Source: Scotiabank (10 Mar 2014), Company estimates 10 OceanaGold Corporation Innovation Performance Growth
Slide 11: Free Cash Flow Yield Comparative
Free Cash Flow Yield Comparative Well positioned to strengthen balance sheet and invest in further value creation Free Cash Flow Yield Estimates (2014E) 20% 15% 10% FCF Yield 5% 0% -5% -10% -15% AuRico Newcrest SEMAFO Detour Gold Barrick Gold B2Gold OceanaGold Goldcorp Yamana Northern Star Alacer Pr
Slide 12: Didipio Mine
Didipio Mine High quality, low cost asset delivering significant free cash flow generation Luzon Lepanto / Goldfields DIDIPIO San Fernando (Port) Manila First FTAA signed & in production 100 koz nominal gold production over LOM 14 kt nominal copper production over LOM 15 year mine life remaining Min
Slide 13: Philippines Highlights
Philippines Highlights 2014 production guidance reflects continued increase in gold production levels, copper production to remain strong Plan to mill 3 million tonnes of ore and increase throughput rate to 3.5 Mtpa by end of 2014 Didipio’s connection to power grid on track to Q1 2014 Didipio Result
Slide 14: Didipio Optimisation
Didipio Optimisation Optimising the operations to maximise value from Didipio Debottlenecking of process plant to achieve 3.5 Mtpa rate by end of 2014 Connecting Didipio to the power grid has strong potential for annual operating costs savings New initiatives to increase productivity and efficiency
Slide 15: New Zealand Assets
New Zealand Assets Maximising cash flows through mine re-optimisation and cost reductions Macraes Frasers Reefton NZ Combined Mine Type Open pit Underground Open pit Nominal production koz 90 – 120 40 – 55 50 – 70 180 – 245 1 P&P Reserves Moz 1.23 0.12 0.19 1.54 1 M&I Resources Moz 3.15 0.86 0.74 4.
Slide 16: New Zealand Studies
New Zealand Studies Maximising value from New Zealand through organic growth opportunities Round Hill Gold/Tungsten M&I Resource1 of 1.26 Moz gold, sterilised by current location of process plant Resource definition and metallurgical test work underway Conceptual design includes build of new but rel
Slide 17: Investing in Our Local Communities
Investing in Our Local Communities Working together with our communities to leave a positive, long lasting legacy Employment Education Infrastructure • Hire locally policy • Teachers salaries • New roads and improvements • 98% Filipino workforce • Scholarship programs • Bridges, waterways Health Ent
Slide 18: Outlook
Outlook Didipio throughput rates ramping up to planned 3.5 Mtpa capacity by end of 2014 Lower production expected in Q2 vs. Q1 as planned; on track to meet full year production guidance Continued focus on optimising operations to maximise cash flows Strengthen balance sheet through further debt repa
Slide 19: oceanagold.com
oceanagold.com Innovation Performance Growth