Slide 1: Q3 2020 Results Webcast
Q3 2020 RESULTS WEBCAST 30 OCTOBER 2020 CONSISTENTLY DELIVERING ON COMMITMENTS INNOVATION I PERFORMANCE I GROWTH
Slide 2: Cautionary and Technical Statements
2 Cautionary and Technical 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 off
Slide 3: Cautionary and Technical Statements
3 Cautionary and Technical Statements PRELIMINARY ECONOMIC ASSESSMENT CAUTIONARY STATEMENT The PEA is a preliminary technical and economic study of the potential viability for the Waihi District project. The production target and financial forecast referred to in the PEA are comprised of 51% Indicat
Slide 4: Results Overview
4 Results Overview OPERATING RESULTS OPERATIONS Q3 2020 YTD 2020 » Q3 production lower than expected due to delayed access to higher grade zones at Haile; partially offset GOLD PRODUCTION 63.1 202.5 koz by stronger production from Macraes GOLD SALES 60.8 214.1 koz » AISC increased YoY and QoQ on low
Slide 5: Managing Near Term Risks
5 Managing Near Term Risks HAILE MACRAES WAIHI DIDIPIO ▪ 25 confirmed COVID-19 cases ▪ April shutdown in accordance ▪ Development of Martha UG ▪ Gov’t initiative in place to to-date, 1 active (1) with gov’t regulations with temporarily paused per gov’t pursue economic growth post limited mining and
Slide 6: Leadership in ESG Performance
6 Leadership in ESG Performance SUSTAINABILITY IS FUNDAMENTAL TO THE WAY WE DO BUSINESS Initiatives Launched Human Rights and Land Access and Resettlement standards in 2019 Statement of position released on Biodiversity in 2019; Biodiversity Management Framework in development Undergoing current cli
Slide 7: Haile Operations Overview
7 Haile Operations Overview Q3 2020 Q2 2020 YTD YTD 2020 OUTLOOK 2020 2019 Gold production guidance: 135,000 – 175,000 oz Site AISC guidance: $1,100 – $1,400 per oz sold per million work TRIFR (12-MMA) hours 5.4 6.3 5.4 6.7 GOLD PRODUCTION koz 28.3 30.7 88.4 99.7 Q4 strongest quarter of production;
Slide 8: Haile 2020 Continuous Improvement
8 Haile 2020 Continuous Improvement ADDRESSING EXCEPTIONAL HEALTH AND WEATHER IMPACTS COVID-19 CASES(1) MINING MOVEMENTS COMPARED TO AVG RAINFALL 180,000 Haile Workforce Cumulative Cases Managed to Date 300 Mining Movements Rainfall % of Average South Carolina State Total Confirmed Cases 160,000 35
Slide 9: Macraes Operations Overview
9 Macraes Operations Overview Q3 2020 Q2 2020 YTD YTD 2020 OUTLOOK 2020 2019 per million work Tracking to deliver on 2020 guidance TRIFR (12-MMA) hours 2.3 1.5 2.3 4.6 GOLD PRODUCTION koz 34.8 27.9 101.9 127.0 Stronger production and lower AISC expected in Q4 GOLD SALES koz 34.0 30.2 102.0 129.5 Gol
Slide 10: Waihi Operations Overview
10 Waihi Operations Overview Q3 2020 Q2 2020 YTD YTD 2020 OUTLOOK 2020 2019 per million work Q4 production → 7 – 8 koz expected TRIFR (12-MMA) hours 5.4 5.3 5.4 5.5 GOLD PRODUCTION koz - - 12.2 52.3 Martha UG on-track for first production in Q2/21 GOLD SALES koz - - 13.5 50.5 Advancing Waihi Distric
Slide 11: Didipio – FTAA Renewal Update
11 Didipio – FTAA Renewal Update OFFICE OF THE PRESIDENT CURRENTLY REVIEWING RENEWAL Access Road Restrictions » Local Government Units and anti-mining activists continue to restrict access road movements; discussions ongoing » Company evaluating appealing recent Court of Appeals decision FTAA Renewa
Slide 12: Capital Allocation
12 Capital Allocation PROACTIVELY MANAGING THE BALANCE SHEET TO DELIVER VALUE LONG-TERM BOUGHT DEAL OFFERING AS OF SEPTEMBER 30, 2020 » 81.6 million shares issued @ C$2.06 per share CASH FACILITY DEBT $127 $200 » Included 8.6 of underwriters’ over-allotment million million NET DEBT(1) » Net proceeds
Slide 13: Financial Results Overview
13 Financial Results Overview Q3 2020 Q2 2020 YTD 2020 YTD 2019 PROFIT & LOSS REVENUE million $97.9 $95.8 $331.9 $499.1 » Revenue decreased YoY on lower sales volume, partly EBITDA million $13.5 $12.4 $68.3 $169.0 offset by higher gold price » EBITDA comparable QoQ primarily due to limited gold ADJU
Slide 14: Capital Investment Overview
14 Capital Investment Overview CONSOLIDATED (USDm) Q3 2020 Q2 2020 YTD 2020 2020 GUIDANCE GENERAL OPERATING 7.7 4.2 21.2 20 – 30 PRE-STRIP WAIHI & CAPITALISED MINING 22.4 12.3 53.0 55 – 65 GROWTH MACRAES CAPITAL 43.7 33.5 104.3 135 – 145 EXPLORATION 7.9 4.0 16.8 20 – 25 (1) TOTAL 81.7 54.1 195.3 230
Slide 15: Delivering Long-Term Value
15 Delivering Long-Term Value GROWTH IN TOP-TIER JURISDICTIONS HAILE WAIHI MACRAES NEAR-TERM INVESTMENT DELIVERS WORLD CLASS GOLD DISTRICT IN A GROWING RESOURCE AT GOLDEN ATTRACTIVE LOM FREE CASH FLOWS TOP-TIER JURISDICTION POINT UG UNDERPINS MINE LIFE EXTENSION Haile Underground development Martha
Slide 16: Haile Underground Targets
16 Haile Underground Targets THE FUTURE AT HAILE IS EXPANDING THE UNDERGROUND A October 2020 surface A’ Horseshoe Deposit Horseshoe A’ Ultimate Pit Design 0m B A’ Snakeshoe Snakeshoe Target A Pisces -200 m Palomino 47.3 m @ 3.05 g/t Au Aquarius 16.7 m @ 6.62 g/t Au Au (g/t) 64.0 m @ 14.98 g/t Au 1–3
Slide 17: Waihi District Exploration
17 Waihi District Exploration SIGNIFICANT EXPLORATION UPSIDE POTENTIAL MARTHA UNDERGROUND WKP Martha Pit Edward Rex ‘target areas’ #7 Martha Royal Empire Mineral Resources New (current) drill sites #6 Exploration Target (1) Development to date Only 35,000 metres of drilling for 420koz in M&I Explora
Slide 18: Macraes Plan
18 Macraes Plan SIGNIFICANT RESOURCE UNDERPINS LEVERAGE TO THE GOLD PRICE Coronation North CURRENT LIFE OF MINE ORE SOURCES » Coronation North Coronation » Coronation » Frasers West » Gay Tan Phase one Deepdell » Frasers Underground ADVANCING GROWTH OPPORTUNITIES Golden Point UG » Golden Point Under
Slide 19: Value Over the Long-Term
19 Value Over the Long-Term NEAR TERM INVESTMENT DELIVERS STRONG FREE CASH FLOW OVER THE LONG TERM Building Expanding Exploring 3 New Underground Mines 3 Open Pit Operations 1 World Class Discovery ALL located in TOP–TIER jurisdictions with over 30 years of OPERATING experience and PERMITTING well u
Slide 20: Corporate Headquarters
Corporate Headquarters Americas Corporate Office Level 14, 357 Collins Street Suite 350 4725 South Monaco Street Melbourne, Victoria, 3000 Denver, Colorado, 80237 Australia United States of America T: +61 3 9656 5300 F: +61 3 9656 5333 info@oceanagold.com oceanagold.com