1408 ogc fact sheet aug 2014
DESCRIPTION
OceanaGold Corporation Fact Sheet August 2014TRANSCRIPT
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OceanaGold is a significant multinational gold producer, with a
portfolio of operating, development and exploration assets. The
Companys assets consist of two open pit and one underground
mine in the South Island of New Zealand and an open pit mine in
northern Philippines.
Our Vision
at a glance
Solid production growth with declining cash cost profile
High quality, world-class Didipio gold-copper mine in the Philippines which began commercial production on 1 April 2013
The Didipio Mine is estimated to be one of the lower cost gold mines (net of by-product credits) globally
Strong board & management team with significant experience & proven track record in delivering consistent positive results
A proven track record in operating sustainably and being a valued member of the communities we operate in
1. Excluding gain / (loss) on undesignated hedges and impairment charge 2. Net of by-product credits
Year Ended 31 December 2013 2012 2011
Gold Sales US$m 553.6 385.4 395.6
EBITDA1 US$m 262.4 144.6 163.9
Earnings before tax1 US$m 106.1 31.7 65.2
Underlying profit after tax before impairment
US$m 91.3 20.3 44.2
Net earnings/(loss) US$m (47.9) 20.3 44.2
EPS (diluted) US$ (0.16) 0.08 0.17
Gold Produced oz 325,732 232,909 252,499
Gold Price (avg recd) US$/oz 1,382 1,675 1,587
Cash Operating Cost2 US$/oz 426 940 875
Cash Operating Margin US$/oz 956 735 712
OceanaGold Today
Operating: Financial Results
Production Profile
Investment Proposition: Experienced low-cost gold producer with significant free cash flow generation
Picture: Didipio Mine, Philippines, June 2013
www.oceanagold.com
Our Values: Respect I Integrity I Teamwork I Innovation I Action I Accountability
Total Company Production Gold: 275,000 - 305,000 oz Copper: 21,000 - 24,000 t Cash cost: $400 - $450 /oz * All-In Sustaining Cash cost: $750 - $850 /oz* *net of by-product credits
2014 Guidance
* The Didipio Mine in the Philippines commenced commercial production 1 April 2013, cash costs assume copper by-product credits of US$3.10 to US$3.40 / lb Cu.
We will be a mid tier, multinational gold producer delivering superior shareholder returns in a safe and sustainable manner by developing and operating high quality assets. We will be the partner, employer and mining company of choice. We are a values based organisation and will achieve this through:
World class skills in operational efficiency, mine design optimisation and converting opportunities
Being the partner and employer of choice with a clear focus on safety, environment, employees, communities and government
Maintaining a strong balance sheet with low debt, strategic capital allocation and a strong investor base
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Historical closing share price relative performance Jan 2010 to Aug 2014
at a glance
Senior Management Chairman: James (Jim) Askew MD & CEO: Michael (Mick) Wilkes CFO: Mark Chamberlain Share Information Listings: OGC on Toronto (TSX), Australian (ASX) and New Zealand (NZX) Indices: ASX 300, TSX Composite, TSX Global Gold, TSX Global Mining, GDXJ, GDX, NZX 50 Market Capitalisation ~C$900m Shares Outstanding ~300m Free Float 100% Investor Relations (Canada & Australia) t: +1 416 915 3123 or +61 3 9656 5300 [email protected]
Other Information
As at 31/12/13 Gold (Moz)
Copper (kt)
Silver (Moz)
Total Reserves 3.14 210 -
- New Zealand 1.54 - -
- Didipio 1.59 210 -
Total Resources 12.04 290 11.38
Meas. & Indic. 8.34 260 9.48
- New Zealand 4.98 - -
- Didipio 2.06 260 -
- El Dorado 1.30 - 9.48
Inferred 3.70 30 1.9
Liquidity Share Price
New Zealand Operations Didipio mine
Mineral Reserves Production Profile
Located in northern Luzon, Philippines
High grade goldcopper porphyry
16 year life of mine
Expected to be one of the lower operating cost gold mines in the world
Commissioning started Q4 2012, first concentrate trucked to port Jan 2013
Commercial production commenced 1 April 2013
Nominal Life of Mine production: 100,000 ounces gold 14,000 tonnes copper
Estimated cash costs in 2014 of: Negative ($725) - negative ($650)/oz
(net of copper by-product credits)
Macraes Frasers Reefton
Mine Type Open Pit Under-ground
Open Pit
Current Mine Life
~end 2017
~end 2015
~end 2015
Au Prod (koz/yr)
90 - 100
40 - 55
50 - 70
Macraes: operating >24 years
Frasers: ongoing exploration program, deposit still open down dip
Reefton: significant exploration upside, >10Moz historically mined from district
Social integrity, environmental diversity and equitable development; real lasting value to communities beyond life cycle of project.
Sponsored medical missions (health, dental, optical) to Didipio communities
320 ha reforestation, >250,000 seedlings and agricultural program in Didipio region, to date
Scholarships and educational support in Philippines
Macraes Trout Hatchery est. 2004
Macraes Heritage Art Park
15ha rehabilitation planting at Reefton
World class mine site rehabilitation deployed in New Zealand
Sustainability
www.oceanagold.com
Operating Margin
Picture: Macraes process plant February 2013 Our Values: Respect I Integrity I Teamwork I Innovation I Action I Accountability
As at 30 June 2014
US$m
Cash 46
Interest Bearing Liabilities
- Capital leases 38
- Drawn banking facilities 118
Total interest bearing loans 156
Net Debt 110
- Undrawn facilities available 82
* Net of by-product credits