Oceanagold Corporation · TSX:OGC
Oceanagold — 2015 Denver Gold Forum
26 slides from Oceanagold's conference presentation, Sep 21, 2015
Slide 1: Consistently Delivering On Commitments - 2015 Denver Gold Forum
Consistently Delivering On Commitments 2015 Denver Gold Forum September 21, 2015 Mick Wilkes Innovation • Performance • Growth Managing Director & Chief Executive Officer
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: OceanaGold Today
OceanaGold Today REVISED 2015 Guidance Gold Production Copper Production Cash Costs All-In Sustaining Costs 380,000 – 410,000 ounces 22,000 – 23,500 tonnes $420 – $470 per ounce $690 – $740 per ounce Didipio LOM: 2030+ Gold Gold Standard Copper Ventures Haile(1) Gold Waihi(1) Vancouver Gold El Dorad
Slide 4: OceanaGold Overview
OceanaGold Overview Solid, diverse and global shareholder base with strong liquidity Market Capitalisation(2) Shareholder Geographic Composition1 C$700 million North America 67% Australia & 90-Day Avg. Daily Liquidity(2) NZ 14% 2.4m shares Primary Indices Europe • TSX Composite 17% • ASX300 Asia 2%
Slide 5: Recent News
Recent News Transformational investments that create value and complement existing portfolio 2015 Digger of the Year Operating & Financial Results H1 2015 Gold Production oz 176,999 Copper Production t 12,299 Cash costs per oz $474 AISC per oz $734 FCF Generation US$’000 36,741 Consistent Upgraded 2
Slide 6: OceanaGold – Track Record of Delivering
OceanaGold – Track Record of Delivering Consistently outperforming gold sector as a result of delivering on commitments OceanaGold GDXJ GDX 250% 200% 150% 45% 100% 50% (69%) (74%) 0% Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Dec 2012 Mar 2013 2013 2013 & 2014 Jan 2014 Feb 2015 Apr 2015 2015 Y
Slide 7: OceanaGold Value Proposition
OceanaGold Value Proposition Sound operators and developers with compelling financial metrics Financial Operational Over 25 years of operating & Strong balance sheet development experience Sector leading free cash flows In-house mine development team Significant experience with complex First quartil
Slide 8: Current Operations
Current Operations 8 OceanaGold Corporation Innovation Performance Growth
Slide 9: Philippines Highlights
Philippines Highlights Consistent strong performance from one of the lowest cost gold mines 2015 Guidance H1 2015 Results Gold Production oz 105,000 – 120,000 65,163 Copper Production t 22,000 – 23,500 12,299 AISC per oz $230 – $280 $318 Cash Costs per oz ($150) – ($100) ($12) First high grade Power
Slide 10: New Zealand Highlights
New Zealand Highlights New economic conditions have increased profitability; organic growth in NZ NZD:USD Exchange Rate 0.90 0.85 2015 Guidance H1 2015 Results 0.80 Gold Production oz 210,000 – 220,000 111,836 0.75 0.70 AISC per oz $980 – $1,030(1) $989(2) 0.65 NZD:USD on Sep 17/15 0.60 Cash Costs
Slide 11: Continued Focus on Safety
Continued Focus on Safety A strong culture of safety underpins operational success Total Recordable Injury Frequency Rate 14 12 10 8 6 4 2 0 2011 2012 2013 2014 2015 YTD Received Achieved over Macraes has Reduced overall Presidential 10 million man achieved 1.6 Lost-Time Injury “Safest Mining hours
Slide 12: Best Practice Environmental Management
Best Practice Environmental Management An unwavering commitment to the environment today, for tomorrow Agroforestry Environment Rehabilitation • Planting one million trees • ISO14001 EMS at • Restoring lands • Commercial Didipio to match area plantations • Reducing GhG • Supporting emissions agricul
Slide 13: Investing in Our Local Communities
Investing in Our Local Communities Strong focus on environmental management and stakeholder relations Community Investment Composition COMMUNITY Infrastructure INVESTMENT Education Enterprise Development Health & Nutrition Capacity Building Sports and Socio-Cultural 13 OceanaGold Corporation Innovat
Slide 14: Organic Growth
Organic Growth 14 OceanaGold Corporation Innovation Performance Growth
Slide 15: New Zealand Projects
New Zealand Projects Organic growth demonstrates potential for increased value from NZ asset base Macraes Gold-Tungsten Project Blackwater • PEA completed with robust financials • Scoping study complete • Currently reviewing mining method; • Advancing feasibility study capex 15 OceanaGold Corporatio
Slide 16: Philippines Exploration
Philippines Exploration Geophysical surveying completed, preparing to drill Adjacent to Boyongan and Bayugo copper- gold porphyry deposits (Salangan - Philex) Drill targets identified; drilling to commence in Q3 2015 16 OceanaGold Corporation Innovation Performance Growth
Slide 17: Recent M&A Transactions
Recent M&A Transactions 17 OceanaGold Corporation Innovation Performance Growth
Slide 18: Waihi Gold Mine
Waihi Gold Mine Waihi represents a high-grade, low-cost asset in a stable, well-known jurisdiction Attributable OGC Guidance for Waihi 2015 H2 Auckland Gold Production oz 65,000 – 70,000 Waihi AISC per oz $650 – $680 Cash Costs per oz $490 – $520 Acquisition cost of US$101m; funded from Reefton exis
Slide 19: Unlocking Additional Value
Unlocking Additional Value Significant value and upside potential exists at Waihi and surrounding areas Successfully integrate Waihi into OceanaGold Commence comprehensive optimisation study Regional Commence extensive drilling program Hauraki Maintain strong focus on stakeholder Waihi engagement an
Slide 20: Recent Historical Production and Reserves
Recent Historical Production and Reserves Waihi has a track record of reserve replenishment over its 27 year history Waihi Historical Production, Year End Reserves and Cumulative Production since 2007 1,000 1,00 0 900 864 900 800 732 800 700 622 700 555 500 600 600 460 458 500 410 350 500 360 360 36
Slide 21: Romarco Minerals – Haile Project
Romarco Minerals – Haile Project Best-in-class asset with projected low cost production in top tier jurisdiction Proposed transaction, subject to shareholder, regulatory approvals Haile Gold Mine Located in South Carolina, USA – 58 miles from Columbia, SC, 30 miles from Charlotte, NC Carolina Slate
Slide 22: Transaction Rationale
Transaction Rationale New OceanaGold: The Low Cost Gold Producer The Low Cost Gold Producer Diversified Producer Mining operations in 3 Industry best AISC profile jurisdictions Didipio & Haile (+10 years) Best in Class assets Insulated business over the next decade of commodity volatility
Slide 23: Pro Forma Capitalization
Pro Forma Capitalization Strong pro forma capital structure & implied valuation ratios poised for re-rating New Units OceanaGold Romarco OceanaGold (5) Share Price (TSX) (C$/sh) $2.83 $0.68 $2.83 Basic Shares Outstanding (M) 303.5 1,242.6 603.0 Basic Market Capitalization C$m $859 $848 $1,707 Cash &
Slide 24: GSV - Gold Standard Ventures Nevada
GSV - Gold Standard Ventures Nevada Strategic investment in one of the most prolific gold regions globally Private placement in GSV.V for 14.9% of common shares for C$16.2m Technical representation and anti-dilution provision with right to increase equity stake to 19.9%(1) GSV holds 2nd largest land
Slide 25: Upcoming Catalysts
Upcoming Catalysts Significant upside potential in share price exists Complete power grid connection; lower costs Q4 2015 Complete underground development Q4 2017 Philippines Grant of exploration permits Exploration within FTAA / Paco / Mayag Extension of the mine life driven by explor
Slide 26: oceanagold.com
oceanagold.com Innovation Performance Growth