Oceanagold Corporation · TSX:OGC
Oceanagold — Diggers & Dealers 2013
23 slides from Oceanagold's conference presentation, Aug 7, 2013
Slide 1: Diggers & Dealers
Diggers & Dealers Kalgoorlie, Australia August 7 2013 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 with increasing production & decreasing costs Markets: OGC Luzon Didipio TSX, ASX, NZX Philippines Baguio Manila Market Capitalisation $500m Mindanao Daily Average Liquidity HQ A kl d Auckland New Zealand 1.8 M shares Reefton Open Pit Wellington Blackwate
Slide 4: Experienced Management Team
Experienced Management Team Mick Wilkes Managing Director & Chief Executive Officer • 28 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 5: 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 discovering, acquiring, developing and operating high quality q y gold g assets. We will be the partner, p , employer p y and gold g company p y
Slide 6: 2013 Guidance & All-In Sustaining Costs
2013 Guidance & All-In Sustaining Costs 2013 production and cost guidance on track and AISC provided Production Guidance 2013 2013 Gold Copper Cash Cost Guidance All-In Sustaining Costs2 (Koz) (Kt) (per ounce) (per ounce) Didipio 50 – 70 15 – 18 ($370) – ($50)1 ($10) – $290 New Zealand 235 – 255 – $
Slide 7: Managing Our Business
Managing Our Business Responding to uncertain market conditions in a timely and effective manner ACTION Maximise GOLD PRICE GOLD MARKET VOLATILITY UNCERTAINTY profitability across Review mine plans our business Preserving shareholder RESULTS value $100m in cost Mine optimisations reductions Healthy
Slide 8: Cost Reduction Initiatives
Cost Reduction Initiatives Taking action to optimise the business and drive efficiencies IDENTIFIED US$100m IN COST REDUCTIONS Scaled back on Final cutback at Deferred the exploration Reefton put on Frasers 6 cutback activities in New hold at Macraes Zealand Consumables Decrease other Wages freeze a
Slide 9: Philippines Operations
Philippines Phili i Operations 9 OceanaGold Corporation Innovation Performance Growth
Slide 10: Didipio Mine
Didipio Mine LOM Nominal Production Gold 100 Gold: 100,000 000 o oz Copper 14 Copper: 14,000 000 t Reserves1 Gold: 1 1.69 69 Moz Copper: 240 kt Measured & Indicated Resources1 Gold: 2 2.11 11 Moz Copper: 290 kt Inferred Resources1 Gold: 0 0.40 40 Moz Copper: 50 kt Average Grade Gold: 1 1.0 0 g/t Cop
Slide 11: Didipio Concentrate Production Profile
Didipio Concentrate Production Profile Solid operation after highly successful commissioning phase Didipio Concentrate Production Profile (as at 30 June 2013) (Dry Tonnes) 8,000 7,000 6,000 , 5,000 4,000 3,000 2,000 1,000 0 March February May December April June January D Approximate 2.5 Mtpa run ra
Slide 12: Didipio Optimisation Study
Didipio Optimisation Study Optimising the operations to potentially unlock maximum value from Didipio Didipio Process Plant Ramp-Up Schedule • Debottlenecking process plant to 4.00 250 achieve 3.5 Mtpa Throughputt Mtpa 3.50 0 oz 3.00 200 Gold '000 2.50 150 2.00 1.50 100 • Study on connecting Didipio
Slide 13: New Zealand Operations
New Z N Zealand l d NewN Z Zealand l d Operations Operations 13 OceanaGold Corporation Innovation Performance Growth
Slide 14: New Zealand Assets
New Zealand Assets Steady productions and optimised mines across New Zealand operations Macraes Frasers Reefton NZ Combined Mine Type Open pit Underground Open pit Nominal production koz 125 – 145 40 – 50 55 – 70 220 – 265 Reserves Moz 1.47 0.18 0.30 1.95 Measured & Indicated Moz 2.99 0.92 0.71 4.62
Slide 15: Blackwater
Blackwater Technical study underway on high grade prospect in the Reefton Goldfield area Selected Drill Results* Depth True Grade Drill # Width ((m)) (g/t Au)) (g (m) Historic 0 – 700 0.7 14.6 WA11 980 0.5 24.5 WA21A 1,316 0.5 23.3 WA22C 1,632 0.5 15.6 WA22D 1 625 1,625 10 1.0 85 2 85.2 WA25 1,134 0
Slide 16: Sustainability
S t i bilit Sustainability 16 OceanaGold Corporation Innovation Performance Growth
Slide 17: Investing in Our Local Communities
Investing in Our Local Communities Working together with our communities to leave a long lasting, positive legacy Education Infrastructure Health • Teacher’s salaries • New roads and improvements • Health missions • Scholarship programs • Bridges, waterways • Free medicine, optics, exams DiCorp Agri
Slide 18: Sustainable Development Today and Beyond
Sustainable Development Today and Beyond An unwavering commitment to our social responsibilities beyond mining Employment Communications Sponsorships • Preferential hiring policy • Communication offices • Local events and festivals • 98% Filipino workforce • Monthly newsletters • Sports team, clubs
Slide 19: Macro & Comparatives
Financial Summary Macro & Comparatives 19 OceanaGold Corporation Innovation Performance Growth
Slide 20: Gold Miners' Comparatives
Gold Miners’ Comparatives Focused on preserving shareholder value and delivering on commitments Share Price Performance (YTD 2013 as at July 26 2013) 0% ‐10% ‐20% ‐30% ‐40% ‐50% ‐60% ‐70% ‐80% ‐90% Beadell Resources Regiss Resources St Barbara Troy Reesources NL Lachlan SStar Limited OceanaaGold Cor
Slide 21: Gold Miners' Comparatives
Gold Miners’ Comparatives Potential re-rating in share price to drive P/CFPS multiple Price to Cash Flow per Share Multiples (2013E) 10.0 90 9.0 Troy Resources 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 St Barbara acer Gold Beadell Resources Resources Regis Resources Lacchlan Star us Mining Troy Resources
Slide 22: Outlook
Outlook Strengthening the balance sheet through thro gh increasing cash flows flo s Increasing production profile in H2 2013 Focused on maximising profitability of each business unit Continued value creation through asset optimisation (Didipio) and project development e.g Blackwater Continued focus
Slide 23: oceanagold.com
oceanagold.com Innovation Performance Growth