# Financial Results

Source Brief: https://evesgoldminers.com/research/source-briefs/oceanagold-corp-financial-results-7159fd72
Original source: https://assets.oceanagold.com/documents/Reports/Quarterly-Results/2026/Q1/OceanaGold-Results-Presentation-2026-Q1.pdf
EGM generated: 2026-09-27
Company: OceanaGold Corporation (OGC)

## Use Note

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## Extracted Document Text

# Q1

Source: https://assets.oceanagold.com/documents/Reports/Quarterly-Results/2026/Q1/OceanaGold-Results-Presentation-2026-Q1.pdf
Fetched: 2026-09-16T01:54:05.755+00:00
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Normalizer input: text

## Content

# Q1
First Quarter 2026
Operating and
Financial Results
May 7, 2026
Today's Speakers
GERARD MARIUS VAN BHUVANESH REBECCA
BOND NIEKERK MALHOTRA HENARE
President & Chief EVP, Chief EVP, Chief VP, Investor Relations
Executive Officer Financial Officer Operating Officer
Cautionary Statements
Cautionary Note Regarding Forward-Looking Statements
This presentation contains certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws which may include, but are not limited to, statements with
respect to: the future financial and operating performance of OceanaGold Corporation (“OceanaGold”) and its mining projects, including the Company’s planned production, cost and capital 2026 Guidance; the future price of gold, copper and silver; the development, expansion
and operation of OceanaGold’s mining projects and the anticipated benefits therefrom; anticipated results and developments in the operations of OceanaGold in future periods; anticipated production levels and mine life of operations; the estimation, realization and classification of
Mineral Reserves and Mineral Resources; costs of production; estimates of growth capital, sustaining capital, operating and exploration expenditures; costs and timing of the development of new deposits and mines; the availability of, and access to, labour, equipment, power,
diesel, water and other inputs; the timing, cost and outcome of development, construction and expansion activities; costs and timing of future exploration and drilling programs; water management initiatives and strategies and tailings management initiatives at OceanaGold’s
operations; timing of filing of updated technical information and studies; the advancement of organic growth projects, including the Waihi North Project and Palomino Underground at Haile; the adequacy of current financial resources and cash reserves; requirements for additional
capital; foreign operations and political, economic and regulatory conditions in the jurisdictions in which OceanaGold operates; expectations regarding the impacts of the U.S.-Iran international conflict on OceanaGold’s operations, including with respect to prices for and delivery
costs of certain consumable items; governmental regulation of mining operations and exploration; the expected inclusion of Waihi and Didipio in OceanaGold’s hedging program; timing and receipt of permits, certifications, approvals and licenses under applicable legislation; the
payment of dividends in future periods; anticipated environmental risks; and the timing and possible outcome of pending legal proceedings, regulatory matters and other disputes. All statements in this presentation that address events or developments that OceanaGold expects to
occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “may”, “plans”, “expects”, “projects”, “is expected”, “scheduled”, “potential”,
“estimates”, “forecasts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases, or may be identified by statements to the effect that certain actions, events or results “may”, “could”, “would”, “should”,
“might” or “will” be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of OceanaGold to be materially different from any future results, performance or achievements expressed or implied by
the forward-looking statements. Such risks include, among others: the risk of not achieving OceanaGold’s production estimates, forecasts or 2026 Guidance; inaccuracy of Mineral Reserves, Mineral Resources and operating and capital cost estimates; the actual results of current
and future production, development and/or exploration activities; possible variations of ore grade, metallurgy or recovery rates; changes in mine plans, project parameters or assumptions as plans continue to be refined; delays in, or inability to complete, development or
construction or expansion activities or to re-commence or sustain operations as planned; failures or underperformance of plant, equipment, infrastructure or processes; geotechnical risks or events, including open pit wall stability, crown pillar failure, land subsidence and tailings
dam failures; scarcity in and disruption of global supply chain and/or increases in prices, including as a result of international conflicts, such as the recent U.S.-Iran conflict; challenges associated with effective water management; environmental, health and safety and climate-
related risks; risks related to community acceptance, stakeholder engagement and social licence to operate; competition for mineral properties and other growth opportunities; legal and regulatory challenges to current and future permits, certifications, approvals or licences;
adverse judicial, regulatory or governmental decisions; delays in, or inability to obtain, financing or governmental approvals on acceptable terms; changes in laws, regulations, taxation regimes, regulated accounting standards or their interpretation or application; the risks
associated with operating in foreign jurisdictions, including political instability, changes in policy or law, civil unrest or conflict; fluctuations in the prices of gold, copper and silver; general business, economic and market conditions (including changes in global, national or regional
financial, credit, currency or securities markets); changes or developments in global, national or regional political and social conditions; fluctuations in foreign exchange rates, including the value of the U.S. dollar relative to the Canadian dollar, the New Zealand dollar or the
Philippine peso; trade policies and tensions, including tariffs; inflationary pressure; labour availability, retention and turnover; accidents, labour disputes and other operational risks of the mining industry; limitations of insurance coverage or uninsured risks; the conclusions of
economic evaluations, studies and models; information technology, artificial intelligence and cybersecurity risks; and those other factors identified and described in more detail in the section entitled “Risk Factors” contained in OceanaGold’s most recent Annual Information Form
and OceanaGold’s other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, which are available under OceanaGold’s profile on SEDAR+ at sedarplus.ca and sec.gov, respectively, and on OceanaGold’s website at oceanagold.com. The list
is not exhaustive of the factors that may affect OceanaGold's forward-looking statements.
Although OceanaGold believes that any forward-looking statements are based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such forward-looking statements. Accordingly, readers should not place undue reliance on
forward-looking statements. OceanaGold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except as required by applicable securities laws.
Cautionary Note Regarding Non-IFRS Measures
This presentation includes certain terms or performance measures commonly used in the mining industry that are not defined under IFRS, including All-In Sustaining Costs (“AISC“), Cash Costs, EBITDA, Operating Cash Flow per share, Free Cash Flow and Free Cash Flow per share.
Non-IFRS measures do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures employed by other companies. OceanaGold provides these non-IFRS measures as they are used by certain investors to evaluate
OceanaGold’s performance. Accordingly, the data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with
OceanaGold’s consolidated financial statements. Readers should refer to OceanaGold’s Q1 2026 Management's Discussion & Analysis dated May 6, 2026 (“Q1 2026 MD&A“) available on SEDAR+ at sedarplus.ca under OceanaGold’s name and OceanaGold’s website at
www.oceanagold.com under the heading "Non-IFRS Financial Information" and the “Appendix” in this presentation for a more detailed discussion of how OceanaGold calculates certain of such measures and a reconciliation of certain measures to IFRS terms.
Qualified Persons
In this presentation, each of: Mr. Greg Hollett, OceanaGold's Head of Mine Engineering, has reviewed and approved the disclosure of all scientific and technical information related to Haile operational matters; Mr. Euan Leslie, OceanaGold's Group Mining Engineer, and Mr. Knowell
Madambi, OceanaGold's Manager – Technical Services & Projects, Macraes, have reviewed and approved the disclosure of all scientific and technical information related to Macraes operational matters; Messrs. Leslie and David Townsend, OceanaGold's Manager – Mining
(Underground), Waihi, have reviewed and approved the disclosure of all scientific and technical information related to Waihi operational matters; Mr. Phillip Jones, OceanaGold's Head of Underground Mining, has reviewed and approved the disclosure of all scientific and technical
information related to Didipio operational matters; and Mr. Keenan Jennings, OceanaGold's Executive Vice President and Chief Exploration Officer, has reviewed and approved the scientific and technical information related to exploration matters. Each of Messrs. Hollett, Leslie,
Madambi, Townsend, Jones and Jennings is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
General Presentation Notes
All AISC and Cash Costs are net of by-product credits unless otherwise stated. All financials are denominated in U.S. dollars unless otherwise stated.
First Quarter Delivers To Plan
Gold Production 130,100 ounces
Copper Production 3,200 tonnes
Cash Costs1 $1,292 per ounce
AISC1 $2,094 per ounce
Safely and responsibly Generated $255M of
delivered to plan Free Cash Flow1 Extended mine lives Commenced tunnelling
Zero debt at Haile, Macraes and underground toward
Record revenue and Returned $97M to and $620M in cash Didipio with updated Wharekirauponga in
record Operating Cash shareholders via technical reports May 2026
Flow buybacks & dividends
1. Non-IFRS financial measures. See “Non-IFRS Financial Information” in the Q1 2026 MD&A and "Cautionary Statements" in this presentation.
On Track to Deliver 2026 Guidance
Q2 and Q4 production expected to be strongest
Q1 GOLD PRODUCTION Q1 COPPER PRODUCTION Q1 TOTAL CAPITAL INVESTMENT2
130 koz 3.2 kt $142M
24%1 23%1 22%
GUIDANCE GUIDANCE GUIDANCE
520 - 590 koz 13 - 15 kt $645M
$2,094/oz
GUIDANCE
Q1 AISC3 Q1
$1,750/oz $1,900/oz
1. Percentages based on mid-point of annualized guidance ranges.
2. Includes deferred stripping and capitalized mining, sustaining, growth and exploration capital.
3. Non-IFRS financial measure. See “Non-IFRS Financial Information” in the Q1 2026 MD&A and "Cautionary Statements" in this presentation.
Balanced Capital Allocation
Sustaining, Growth & Exploration Q1 2026 Capital Allocation1
Increased investments in mine and plant resilience
Advancing the Waihi North Project and Palomino Underground Sustaining
$85M2
Progressing record exploration spend
Growth
Buybacks & $45M
Share Buybacks & Dividends Divid

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