OceanaGold Corporation (OGC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Oceana Gold's first quarter 2025 operating and financial results webcast and conference call. I'm Haley Mayers, Vice President of Investor Relations. I will be in this role for the coming year as Rebecca Hanare is on maternity leave. We are joined today by Jared Bond, President and Chief Executive Officer, Marius Van Niekerk, Chief Financial Officer, Bhuvanesh Malhotra, Chief Technical and Projects Officer, and Peter Sharpe, Chief Operating Officer, Asia Pacific. The presentation that we'll be referencing during the conference call is available through the webcast and on our website. I would also like to remind everyone that our presentation will be followed by a Q&A session. As we'll be making forward-looking statements during the call, please refer to the cautionary notes included in the presentation, news release, and MD&A, as well as the risk factors set out in our annual information form. All dollar amounts discussed in this conference call are in U.S. dollars. I'll now turn the call over to Jared for open remarks. Thank you, Hayley, and good morning, everyone. I'm really pleased with our strong start to the year, with our first quarter production, cost, and CapEx performance putting us well on the way to delivering four-year guidance. Our profit and free cash flow this quarter were both well ahead of market expectations based on solid production and good cost control. As a fully unhedged gold producer, we also fully benefited from the increase in gold prices. Most importantly, the first quarter was a safe quarter. Our continued focus on our key programs and lifting our time in the field has helped keep our people safe and we remain very focused on this. Open pit waste stripping programs at both Hale and McRae's are progressing and ar...