Slide 1: Third Quarter 2015 Results Webcast
Consistently Delivering On Commitments October 30 2015 Third Quarter 2015 Innovation • Performance • Growth Results Webcast
Slide 2: Cautionary and Technical Statements
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 offer
Slide 3: Third Quarter 2015 Overview
Third Quarter 2015 Overview Consolidated Operations(1) Q3 2015 YTD 2015 Consolidated Financial Q3 2015 YTD 2015 Gold Production oz 120,664 297,663 Revenue USD’000 109,581 364,373 Copper Production t 5,219 17,518 EBITDA USD’000 35,068 135,917 per oz Cash costs $451 $465 Net Profit USD’000 6,924 30,41
Slide 4: Philippines Highlights
Philippines Highlights Didipio Underground Didipio Results 2015 Guidance YTD Sep 30 2015 Gold Production oz 105,000 – 120,000 93,992 Copper Production t 22,000 – 23,500 17,518 per oz AISC sold $230 – $280(1) $370 per oz Cash Costs sold ($150) – ($100) (1) $25 Increased ore Power grid Encouraging dri
Slide 5: Didipio Operating Statistics
Didipio Operating Statistics YTD Sep 30 YTD Sep 30 Q3 2015 Q2 2015 Q1 2015 2015 2014 Lost time injuries 0 1 0 1 1 Gold production oz 28,829 30,041 35,122 93,992 71,473 Gold sales oz 27,708 29,550 23,412 91,917 77,422 Copper production t 5,219 6,197 6,102 17,518 18,263 Copper sales t 5,484 5,438 6,69
Slide 6: Didipio Ore Inventory
Didipio Ore Inventory By end of 2017, over 20 million tonnes of ore is expected to be stockpiled at Didipio Didipio Stockpile Inventory 15.0 14.5 14.0 Stockpile Ore Inventory (Mt) 13.5 13.0 12.5 12.0 11.5 11.0 10.5 10.0 Oct 2014 Apr 2015 Jan 2015 May 2015 Jun 2015 Feb 2015 Mar 2015 Jul 2015 Nov 2014
Slide 7: Philippines Exploration
Philippines Exploration True Blue drilling includes 134 m @ 1.18 g/t Au, 0.25% Cu Commenced drilling at Paco tenements 7 OceanaGold Corporation Innovation Performance Growth
Slide 8: New Zealand Highlights
New Zealand Highlights NZD:USD Exchange Rate 0.90 Macraes & Reefton 2015 Guidance YTD Sep 30 2015 0.85 Results 0.80 0.75 Gold Production oz 210,000 – 220,000 170,674 0.70 per oz 0.65 AISC sold $980 – $1,030(1) $946(2) 0.60 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 20
Slide 9: Macraes Goldfield Operating Statistics
Macraes Goldfield Operating Statistics YTD Sep YTD Sep Q3 2015 Q2 2015 Q1 2015 30 2015 30 2014 Lost time injuries 0 0 0 0 1 Gold production oz 38,523 35,895 38,535 112,953 111,712 Gold sold oz 39,346 38,153 38,389 115,888 110,920 Total ore mined from O/P Mt 0.74 0.61 0.65 2.00 1.67 Total ore mined f
Slide 10: Reefton Operating Statistics
Reefton Operating Statistics YTD Sep YTD Sep Q3 2015 Q2 2015 Q1 2015 30 2015 30 2014 Lost time injuries 0 0 1 1 3 Gold production oz 20,315 19,917 17,489 57,721 31,566 Gold sold oz 11,585 15,187 13,186 39,958 42,244 Total ore mined Mt 0.81 0.60 0.48 1.89 0.99 Total waste mined Mt 0.75 1.75 1.78 4.28
Slide 11: Macraes Goldfield Exploration
Macraes Goldfield Exploration Continue to Additional hits at Frasers achieve positive Coronation Underground drill results at North include: drilling continue primary targets • 11.8m @ 2.46 g/t to demonstrate Au • 8m @ 3.86 g/t Au consistent • 9m @ 2.83 g/t Au results with • 34m @ 1.96 g/t Au mining
Slide 12: Waihi Operation Overview
Waihi Operation Overview Waihi Operation Overview Magazine Mining Head Office Attributable to Guidance Q3 2015(1) OGC MacMahon Office Gold Production oz 65,000 – 70,000 32,997 Crusher and Stamilers per oz UG Portal Favona Vents AISC sold $650 – $680 $497 Mill Polishing and per oz Central Collection
Slide 13: Financial Results Overview (as at 2 Oct 2015)
Financial Results Overview (as at 2 Oct 2015) LIQUIDITY Cash includes $144m acquired through Romarco acquisition Cash $190m Undrawn Revolving Credit Facility $132m $101m of undrawn Revolving Credit TOTAL LIQUIDITY $322m Facility allocated for Waihi transaction DEBT Revolving Credit Facility $78m App
Slide 14: Consolidated Financial Results
Consolidated Financial Results YTD Sep 30 YTD Sep 30 (Excluding Waihi) Q3 2015 Q2 2015 2015 2014 Gold production (ounces) 87,667 85,853 264,666 214,751 Gold sales (ounces) 78,639 82,890 247,763 230,585 Copper production (tonnes) 5,219 6,197 17,518 18,263 Copper sales (tonnes) 5,484 5,438 17,167 19,6
Slide 15: Consolidated Cash Flows
Consolidated Cash Flows YTD Sep 30 YTD Sep 30 USDm (excluding Waihi) Q3 2015 Q2 2015 2015 2014 Opening cash balance 48.7 59.6 51.2 24.8 Operating cash inflows 23.8 42.3 109.3 154.2 Investing expenditure (22.4) (38.3) (84.5) (82.9) Financing cash outflows (2.1) (15.2) (30.6) (39.9) Foreign exchange e
Slide 16: Haile
Haile United States 16 OceanaGold Corporation Innovation Performance Growth
Slide 17: Haile Gold Mine Overview
Haile Gold Mine Overview Construction of top-tier asset underway and progressing well Resources & Reserves(1) Mt g/t koz P&P Reserves 30.5 2.06 2,018 M&I Resources 71.2 1.77 4,039 Inferred 20.1 1.24 801 Resources Construction Concrete Post-transaction Developing well underway foundation for integrat
Slide 18: Haile Site Overview
Haile Site Overview Haile Operation Overview Process Plant Schematic First Concrete Pour at Haile 18 OceanaGold Corporation Innovation Performance Growth
Slide 19: Haile Long Section
Haile Long Section Underground Targets Mustang Palamino Horseshoe Developing Currently Infill drilling Optimisation extensive drilling two expected to study to further exploration regional targets commence at define program for at Cypress Haile before end opportunities at drilling at Haile (40mi NE
Slide 20: Horseshoe Deposit
Horseshoe Deposit NE 20 OceanaGold Corporation Innovation Performance Growth
Slide 21: Haile Regional Exploration Opportunities
Haile Regional Exploration Opportunities Current drilling Haile 21 OceanaGold Corporation Innovation Performance Growth
Slide 22: Waihi
Waihi New Zealand 22 OceanaGold Corporation Innovation Performance Growth
Slide 23: Waihi Gold Mine Overview
Waihi Gold Mine Overview GOLD/SILVER Reserves and Resources(2) Moz Moz Mt g/t Au g/t Ag UNDERGROUND Au Ag P&P 1.5 6.33 0.31 24.0 1.17 Reserves M&I 1.5 6.33 0.31 24.0 1.17 Resources Inferred Auckland 0.6 7.73 0.15 16.7 0.33 Resources Waihi (1) Avg. Unit Operating Costs (H2 2015) Mining Costs NZD / t
Slide 24: Recent Historical Production and Reserves
Recent Historical Production and Reserves Waihi Historical Production, Year End Reserves and Cumulative Production since 2007 1,000 1,00 0 900 864 900 800 732 800 700 622 700 555 500 600 600 460 458 500 410 350 500 360 360 360 237 300 400 400 300 220 300 200 93 144 113 108 97 110 132 200 100 67 100
Slide 25: Waihi Plan
Waihi Plan 1000 RL Moonlight Martha Favona Trio Correnso Grace-Empire 500 RL Initiating Significant Currently drilling Updated comprehensive upside potential primary targets Resource and optimisation exists within including Reserve program to current deposits Correnso; statement boost and regionally
Slide 26: Correnso Extension
Correnso Extension 4.7m true @ 18.3g/t Au opportunity 26 OceanaGold Corporation Innovation Performance Growth
Slide 27: Current Exploration Program
Current Exploration Program Empire RSV/RSC Daybreak RSV/RSC Correnso RSV/RSC 7.6 m @ 5.6Au 1.8m @ 29.1Au Quattro UG RSC 27 OceanaGold Corporation Innovation Performance Growth
Slide 28: Regional Exploration Opportunities
Regional Exploration Opportunities Regional Group (22-75 km from Waihi) • Historical production of 11.4 Moz Au and 51 Moz Ag from 50 epithermal deposits • 4 exploration permits • Includes 150 koz of gold mineral inventories in the Ohui region Regional Hauraki (5-22 km from Waihi) • Targets: o WKP Ha
Slide 29: Delivering Organic Growth
Delivering Organic Growth Mine Waihi Didipio Power Macraes Mine Optimisation Optimisation Grid Connection Life Extension Haile Development & Didipio Macraes Gold- Construction & Studies Underground Tungsten U/G study Haile & Regional Exploration Waihi Targets Philippines 29 OceanaGold Corporation In
Slide 30: Upcoming Site Visits
Upcoming Site Visits Wednesday November 25 2015 Macraes Thursday November 26 2015 Waihi February 19 2016 Haile Early/Mid April 2016 Didipio / New Zealand 30 OceanaGold Corporation Innovation Performance Growth
Slide 31: oceanagold.com
oceanagold.com Innovation Performance Growth