Financial Results

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Source: https://assets.oceanagold.com/documents/Reports/Quarterly-Results/2026/Q2/OGC-Results-Presentation-2026-Q2.pdf
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Second Quarter 2026
Operating and
Financial Results
August 6, 2026
Today's Speakers
GERARD MARIUS VAN BHUVANESH VALERIE
BOND NIEKERK MALHOTRA BURNS
President & Chief EVP, Chief EVP, Chief Director, Investor
Executive Officer Financial Officer Operating Officer Relations
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” or the “Company”) 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; the timing for access to ore at Coronation North at Macraes and submission of the Macraes Phase 4 Fast-track application; the potential for
mine life extension at Macraes into the 2040s; the timing for ventilation shaft construction, water treatment plant expansion and power upgrade project at the Waihi North Project; 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, including diesel; governmental regulation of mining operations and exploration; 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 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, blockades 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, work stoppages 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 on EDGAR at 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, EBITDA Margin, 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 Q2 2026 Management's Discussion & Analysis dated August 5, 2026 (“Q2 2026 MD&A“) available on SEDAR+ at sedarplus.ca and on EDGAR at sec.gov under OceanaGold's name and OceanaGold's website at
oceanagold.com under the heading "Non-IFRS Financial Information" and the “End Notes” 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.
A Strong Second Quarter - In Line with Plan
Gold Production 138,800 ounces
Copper Production 2,700 tonnes
Cash Costs1 $1,362 per ounce
AISC1 $2,151 per ounce
PRODUCTION FINANCIALS RETURNS BALANCE SHEET GROWTH
Strong, safe production
Record Adjusted Strong progress on the
performance - up 7% Returned $78M to Zero debt
EBITDA Margin1 of 61% Waihi North Project
on prior quarter shareholders via and cash balance
Generated $130M of buybacks & dividends increased to $655M High-grade drill
On track to deliver on results at Haile
Free Cash Flow1
full year guidance
1. Non-IFRS financial measures. See “Non-IFRS Financial Information” in the Q2 2026 MD&A and "Cautionary Statements" in this presentation.
On Track to Deliver 2026 Guidance
H2 production expected to increase, AISC expected to decrease
H1 GOLD PRODUCTION H1 COPPER PRODUCTION H1 TOTAL CAPITAL INVESTMENT2
269 koz 5.9 kt $309M
48%1 42%1 48%
GUIDANCE GUIDANCE GUIDANCE
520 - 590 koz 13 - 15 kt $645M
$2,123/oz
GUIDANCE
H1 AISC3 H1
$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 a

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