Slide 1: Q3 2019 Results Presentation
Q3 2019 RESULTS PRESENTATION November 1, 2019 CONSISTENTLY DELIVERING ON COMMITMENTS INNOVATION I PERFORMANCE I GROWTH Didipio, Philippines
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: Results Overview
3 Results Overview OPERATING RESULTS OPERATIONS Q3 2019 YTD 2019 ▪ Haile delivered third consecutive quarter of operating improvements GOLD PRODUCTION 107.5 362.4 koz ▪ Similar QoQ production at Haile & Macraes, both GOLD SALES 94.3 341.1 koz ops expected to be stronger in Q4 kt FINANCIAL COPPER PRO
Slide 4: Didipio – A World Class Operation
4 Didipio – A World Class Operation DIDIPIO IS THE TEMPLATE FOR RESPONSIBLE MINING FTAA RENEWAL PROGRESSING AWAITING OUTCOME OF LEGAL INJUNCTION AGAINST GOVERNOR “ORDER” STRONG SOCIAL LICENSE TO OPERATE DIRECT WORKFORCE: 1,500 (97% FILIPINOS, 59% LOCAL) INDIRECT WORKFORCE: > 4,000 FROM NUEVA VIZCAYA
Slide 5: Operational Results
5 OPERATIONAL RESULTS Macraes Operations, New Zealand
Slide 6: Health & Safety Performance
6 Health & Safety Performance TOTAL RECORDABLE INJURY FREQUENCY RATE (12-MMA) 14 13.06 12 10 8.09 8 6 5.49 4.56 4.50 3.99 3.99 3.70 4 2.69 2 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 Significant improvements at Haile and Macraes driving overall safety performance ▪ Didipio remains a sector lead
Slide 7: Haile Operations Overview
7 Haile Operations Overview MINING Q3 2019 YTD 2019 ▪ Mine movements up 36% QoQ per million work ▪ Unit mining costs decreased 10% QoQ TRIFR (12-MMA) - 6.7 hours ▪ AISC decreased 20% QoQ GOLD PRODUCTION 36.8 99.7 koz ▪ September mining impacted by poor ground conditions at Snake Phase 1 GOLD SALES 4
Slide 8: Haile Physicals
8 Haile Physicals MINING PHYSICALS PROCESSING PHYSICALS Waste Mined Ore Mined Ore Mined Grade Mill Feed Mill Feed Gold Grade 8000 2.5 900 2.50 7000 800 Mill Feed Gold Grade (g/t) 2 700 2.00 6000 Ore mined grade (g/t) Material Mined (kt) 600 Mill Feed (kt) 5000 1.5 1.50 500 4000 400 3000 1 1.00 300 2
Slide 9: Didipio Operations Overview
9 Didipio Operations Overview Q3 2019 YTD 2019 MINING TRIFR (12-MMA) – 1.3 per million work ▪ Underground mining temporarily suspended in hours mid-July due to Governor of Nueva Vizcaya order GOLD PRODUCTION 16.7 83.5 koz to restrain operations GOLD SALES (0.6) 60.2 koz PROCESSING COPPER PRODUCTION
Slide 10: Waihi Operations Overview
10 Waihi Operations Overview MINING & PROCESSING Q3 2019 YTD 2019 per million work ▪ Mining and production tracking to plan TRIFR (12-MMA) - 5.5 hours GROWTH GOLD PRODUCTION 16.0 52.3 koz ▪ ~1km of development complete at Martha UG GOLD SALES 15.3 50.5 koz ▪ Exploration drilling continues to yield s
Slide 11: Macraes Operations Overview
11 Macraes Operations Overview MINING Q3 2019 YTD 2019 per million work ▪ QoQ production flat as expected with higher head TRIFR (12-MMA) - 4.6 hours grade offset by decreased mill feed and GOLD PRODUCTION 37.9 127.0 koz recoveries ▪ Lower total mining movements due to longer haul GOLD SALES 37.6 12
Slide 12: Financial Results
12 FINANCIAL RESULTS Haile Gold Mine, United States
Slide 13: Financial Results Overview
13 Financial Results Overview REVENUE & EBITDA FINANCIAL OVERVIEW Q3 2019 Q2 2019 YTD 2019 ▪ Decreased QoQ due to nil sales from Didipio, REVENUE million $134 $186 $499 partially offset by higher gold price received EBITDA million $34 $71 $169 ▪ Inventory remains available for sale on re-start NPAT
Slide 14: Capital Investment Overview
14 Capital Investment Overview 2019 UPDATED CONSOLIDATED (USDm) Q3 2019 Q2 2019 YTD 2019 GUIDANCE GENERAL OPERATING 7.7 12.1 32.7 40 - 45 GROWTH CAPITAL 24.1 30.4 69.6 100 – 105 PRE-STRIP & CAPITALISED MINING 11.3 29.6 57.5 63 – 68 EXPLORATION 11.7 9.9 31.4 37 – 42 TOTAL 54.8 82.0 191.2 240 – 260 YT
Slide 15: Balance Sheet Overview (as at 30 Sep 2019)
15 Balance Sheet Overview (as at 30 Sep 2019) NET DEBT CASH BALANCE Total Liquidity $56m Excludes cash held in $140 million marketable securities* $106m CREDIT FACILITY (Undrawn) $50m NET DEBT/EBITDA(2) 0.62 CREDIT FACILITY (Drawn) Total Debt $150m ▪ Commenced process of amending $196m credit facili
Slide 16: Outlook
16 OUTLOOK Waihi Gold Mine, New Zealand
Slide 17: Outlook
17 Outlook PRODUCTION ▪ Increased production expected from Macraes and Haile ▪ Track record of operational improvements expected to continue at Haile ▪ Didipio guidance dependent on outcome of FTAA renewal & appeal process FINANCIAL ▪ Q4 AISC expected to be lower with higher production at Macraes an
Slide 18: Organic Growth
18 Organic Growth OBJECTIVE PROJECTS / SUSTAIN & GROW INITIATIVES HAILE Increased production HORSESHOE U/G Increased production WAIHI MARTHA U/G Mine life extension DIDIPIO Steady production WKP (subject to FTAA renewal) Steady production MACRAES GOLDEN POINT U/G Mine life extension
Slide 19: 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