140901 ogc corporate presentation september north america final

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September 2014 Corporate Presentation

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40901 OGC Corporate Presentation September North America FINAL

TRANSCRIPT

  • September 2014

    Corporate Presentation

  • OceanaGold Corporation Innovation Performance Growth 2

    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, securities of OGC or other financial products. The information contained

    herein is not investment or financial product advice and has been prepared without taking into account the investment objectives, financial situation or

    particular needs of any particular person. The views, opinions and advice provided in this presentation reflect those of the individual presenters only.

    No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and

    conclusion contained in this presentation. To the maximum extent permitted by law, none of OGC or any of its directors, officers, employees or agents

    accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information

    contained in this presentation. Furthermore, this presentation does not constitute an offer of shares for sale in the United States or to any person that

    is, or is acting for the account or benefit of, any U.S. person (as defined in Regulation S under the United States Securities Act of 1933, as amended

    (the "Securities Act")) ("U.S. Person"), or in any other jurisdiction in which such an offer would be illegal. OGCs shares have not been and will not be registered under the Securities Act.

    Technical Disclosure

    The Mineral Resources for Didipio and Blackwater (within the Reefton Goldfield) were prepared by, or under the supervision of, J. G. Moore, whilst the

    Mineral Resources for Macraes and Reefton were prepared by S. Doyle. The Mineral Reserves for Didipio were prepared under the supervision of

    R.Corbett, while the Mineral Reserves for Macraes and Reefton were prepared by, or under the supervision of, K Madambi. C. Bautista is Exploration

    Manager for the Philippines. S. Doyle, K. Madambi, and J. G. Moore are Members and Chartered professionals with the Australasian Institute of

    Mining and Metallurgy and each is a qualified person for the purposes of NI 43-101. R. Corbett is a Registered Professional Engineer (Ontario) and is a qualified person for the purposes of NI 43-101. C. Bautista is a member of the AIG and is a qualified person for the purposes of NI 43-101. Messrs Moore, Doyle, Corbett, Madambi and Bautista have sufficient experience, which is relevant to the style of mineralisation and type of deposits under

    consideration, and to the activities which they are undertaking, to qualify as Competent Persons as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code).

    The resource estimates for the El Dorado Project were prepared by Mr. Steven Ristorcelli, C.P.G., of Mine Development Associates, Reno, Nevada

    (who is an independent Qualified Person as defined in NI 43-101) and conforms to current CIM Standards on Mineral Resources and Reserves.

    For further scientific and technical information (including disclosure regarding mineral resources and mineral reserves) relating to the Reefton Project,

    the Macraes Project and the Didipio Project please refer to the NI 43-101 compliant technical reports available at sedar.com under the Companys name. For further scientific and technical information (including disclosure regarding mineral resources and mineral reserves) relating to the El

    Salvador Project please refer to the reports publicly available on SEDAR (www.sedar.com) prepared for Pacific Rim.

  • OceanaGold Corporation Innovation Performance Growth 3

    OceanaGold Today

    Emerging multinational gold and copper producer with strong free cash flow

    Macraes New Zealand Didipio Philippines Reefton New Zealand

    90-Day Average Daily Liquidity2

    2.6m shares

    Stock Exchanges

    TSX, ASX, NZX Ticker: OGC

    Market Capitalisation2

    C$790

    Shareholder Geo. Breakdown1

    North America

    61%

    Australia & NZ

    19%

    Europe 18%

    Asia 2%

    1. Internal Report as at 31 Jul 2014

    2. Metrics as at 11 Sep 2014

    Shares Outstanding2

    301m

  • OceanaGold Corporation Innovation Performance Growth 4

    OceanaGold Value Proposition

    MANAGEMENT

    STRATEGY

    OPERATIONS GROWTH

    SOCIAL LICENSE

    Commitment Experience

    Execution Discipline

    Free Cash Flow

  • OceanaGold Corporation Innovation Performance Growth 5

    Mining engineer with over 28 years of experience working in Australia and Argentina

    Broad operational experience in underground and open pit gold, copper, lead, zinc and nickel mines

    Recent experience with Xstrata Copper

    Practising lawyer, joined OGCs legal and company secretarial team in 2009

    Broad range legal experience including corporate, equity and debt financing and general commercial law

    24 years Human Resources experience

    Industry experience includes Eldorado Gold and Sino Gold Mining Ltd

    Significant Asian experience with multinational corporations

    >30 years financial experience

    Capital markets

    Financial and risk management expertise

    17 years industry experience including senior finance roles at Newcrest Mining and Western Mining Corp.

    Over 30 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

    Metallurgist with >30 years industry experience

    Mineral processing

    Precious metals and Sulphide minerals

    Joined predecessor company in 1991 and has held various technical and operations responsibilities

    International capital markets experience in metals and mining

    Appointed VP Investor Relations in 2007 and current role in 2011

    Responsible for identifying & evaluating external growth opportunities; & capital markets interface

    Experienced Management Team

    Liang Tang Company Secretary & Corporate Counsel

    Yuwen Ma Head of Human Resources

    Mick Wilkes Managing Director & Chief Executive Officer

    Mark Cadzow Chief Development Officer

    Darren Klinck Head of Business Development

    Michael Holmes Chief Operating Officer

    Mark Chamberlain Chief Financial Officer

  • OceanaGold Corporation Innovation Performance Growth 6

    OceanaGold Vision & Strategy

    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.

    Maximising

    value from

    existing

    assets

    Operating

    efficiently

    Spending

    judiciously capital discipline

    Investing in

    high quality

    assets

    CORE

    VALUES

    Optimise mines

    Strategic

    capital allocation

    Commitment to

    Sustainability

    Strengthen

    balance sheet

  • OceanaGold Corporation Innovation Performance Growth 7

    Strategy on Growth

    Invest in high quality organic and external value add opportunities

    Effective use of capital through investment in

    first and second quartile assets

    Leveraging in-house expertise to identify and

    evaluate new opportunities

    Focus on accretive transactions that increase

    shareholder wealth

    Leveraging experience and capabilities

    Clear definition of investment criteria

    Accretive investment to increase

    shareholder wealth

    Focus on Asia-Pacific and Americas regions

  • OceanaGold Corporation Innovation Performance Growth 8

    2014

    Guidance YTD Jun 2014 Q2 2014

    Combined Didipio New

    Zealand Company Didipio

    New

    Zealand Company

    Gold

    production oz

    275,000 to

    305,000 45,266 102,133 147,399 14,786 46,045 60,831

    Copper

    production t

    21,000 to

    24,000 11,185 11,185 4,706 4,706

    Gold sales oz 54,010 112,334 166,344 17,746 54,548 72,294

    Copper sales t 12,925 12,925 5,173 5,173

    Cash costs $/oz 400 to 4501 (412)1 843 4351 (254)1 1,114 7781

    All-In

    Sustaining

    Costs2 $/oz 750 to 8501 (150)1 1,226 7791

    First Half 2014 Results Summary

    1.Net of by-product credits

    2.All-in Sustaining Costs (AISC) based on WGC methodology; expansionary and growth capital expenditures are excluded from the AISC

  • OceanaGold Corporation Innovation Performance Growth 9

    2014 Guidance

    Didipio Consolidated

    1.Costs at Didipio are NEGATIVE net of copper by-product credits and assumes copper price of $3.20/lb

    2.Assumes NZD/USD exchange rate of 0.80

    3.All-in Sustaining Costs based on WGC methodology. expansionary and growth capital expenditures are excluded from the AISC

    Cash Cost Guidance (per ounce)

    All-In Sustaining Costs3

    (per ounce)

    ($725) ($650)1

    New Zealand

    Combined

    $400 $4501,2

    $750 $8501,2

    85,000 95,000 Gold Production

    Guidance (ounces)

    Copper Production

    Guidance (tonnes)

    21,000 24,000

    190,000 210,000

    275,000 305,000

    21,000 24,000

    $840 $9252

    ($240) ($210)1 $1,170 $1,2902

    On track to meet full year guidance

  • OceanaGold Corporation Innovation Performance Growth 10

    Financial Position (as at 30 Jun 2014)

    Strengthening balance sheet from strong free cash flow generation

    LIQUIDITY

    Cash $46m

    Undrawn Revolving Credit Facility $82m

    TOTAL LIQUIDITY $128m

    CORE DEBT

    Revolving Credit Facility $118m

    Equipment leases $38m

    TOTAL DEBT $156m

    Repaid approximately $95m in core debt

    over past 18 months

    Repaid over $30m in debt in 2014

    Revolving credit facility of $200m with

    competitive fiscal terms, expires in mid-

    2017

    Banking syndicate: Barclays, BNP

    Paribas, Citibank, HSBC, Nedbank

    Continue to repay debt and increase cash

    position

  • OceanaGold Corporation Innovation Performance Growth 11

    Macro &

    Comparatives

  • OceanaGold Corporation Innovation Performance Growth 12

    Share Price Performance Comparative

    Effective execution of strategy: strong results & enhanced shareholder value

    Source: Bloomberg

    -80%

    -60%

    -40%

    -20%

    0%

    20%

    40%

    60%

    80%

    100%

    120%

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    Share Price Performance (Last 12 months as at 5 September 2014)

    Gold Spot Price (US$/oz) Market Vectors Junior Gold Miners ETF

  • OceanaGold Corporation Innovation Performance Growth 13

    Price to Cash Flow per Share Comparative

    P/CFPS multiple demonstrates opportunity for share price growth

    Source: CIBC Research (9 Sep 2014)

    0

    2

    4

    6

    8

    10

    12

    14

    16

    18

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    Price to Cash Flow per Share Multiples 2014E 2015E

  • OceanaGold Corporation Innovation Performance Growth 14

    Free Cash Flow Yield Comparative

    Well positioned to strengthen balance sheet and invest in further value creation

    Source: Macquarie Research (7 Sep 2014)

    -15%

    -10%

    -5%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    40%

    Bea

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    Free Cash Flow Yield Estimates

    2014 2015

  • OceanaGold Corporation Innovation Performance Growth 15

    -800

    -600

    -400

    -200

    0

    200

    400

    600

    800

    1,000

    1,200

    1,400

    1,600

    0 10 20 30 40 50 60 70 80 90 100

    All

    -in

    Su

    sta

    inin

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    ($/o

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    Cumulative Production (Percentile)

    Q1 Q4 Q3 Q2

    Didipio

    Global AISC Curve Comparative

    Source: Goldman Sachs Research (1 Sep 2014)

    Gold Price (as at 10 Sep 2014)

    All-In Sustaining Cost Curve

    OceanaGold Consolidated AISC 2014 Range

    1st quartile AISC demonstrates strong profitability even at lower commodity prices

  • OceanaGold Corporation Innovation Performance Growth 16

    Philippines

    Operations

  • OceanaGold Corporation Innovation Performance Growth 17

    Didipio Mine

    High quality, low-cost transformative asset generating significant free cash flow

    First FTAA signed & in production

    Open pit (currently) plus underground

    Current Mine Life: 2029

    Nominal production of 100 koz gold, 14 kt

    copper per year over life of mine

    Lepanto / Goldfields

    Manila

    DIDIPIO

    San Fernando (Port)

    Mindanao

    Luzon

    1. Complete Reserve & Resource Table on page 39

    P&P Reserves1 of 1.59 Moz gold, 210 kt

    copper

  • OceanaGold Corporation Innovation Performance Growth 18

    Didipio Overview

    Production increasing in H2 as operations

    advance Stage 3 into a higher grade zone of

    the ore body

    Increasing throughput rate to planned 3.5

    Mtpa by end of 2014

    Power grid connection development work

    advancing well lower operating costs early 2016

    Didipio Optimisation Study complete with

    strong results

    Conducting exploration geophysical survey at

    depths greater than 500 metres near mine-site

    in Q3

    2014 Didipio Results H1 2014

    Gold produced oz 45,266

    Copper produced t 11,185

    Gold equivalent ounces

    produced oz 104,506

    Cash costs

    (by-product) per oz ($412)

    Cash costs

    (co-product) per oz $565

    AISC (by-product)

    per oz ($150)

    AISC (co-product) per oz $678

  • OceanaGold Corporation Innovation Performance Growth 19

    Didipio Optimisation Study Highlights

    Access to high grade material

    brought forward by 2 years Q3 17

    Optimised design of underground

    and open pit resulting in 70 Mt in

    reduced waste

    Crown pillar moved higher by 80 m,

    underground expanded deeper by

    170 m two mining domains est.

    Underground development to

    commence 1 year earlier Q1 15

    Increased mining rate to 1.6 Mtpa

    (previously 1.2 Mtpa) by 2020 Note: Not to scale.

    Original Open Pit Design Optimised Open Pit Design

    Larger Underground Mine

  • OceanaGold Corporation Innovation Performance Growth 20

    Optimised Didipio Design

    Development: Q1 2015

    Production: Q3 2017

    Full ramp-up: 2020

    Revised Plan

    Mining rate: 1.6 Mtpa

    Mining type: long-hole open stope

    w/paste backfill

    Technical Design

    Update NI43-101: Late Oct

    Resource drilling: Immediate

    Resource Statements: w/NI43-101

    Next Steps

    Pre-production: $110m / 3 yrs

    Annual Sustaining: $7m to $8m

    Capex

    Study identifies significant value to be unlocked at Didipio

    Limit of

    Oxidation

    Dark

    Diorite Dark

    Diorite

    Previous

    Stage 5/6

    Pit Design

    AuEq g/t

    New Stage 5 & 6

    Pit Designs

    Underground

    Mine

    Note: Not to scale.

  • OceanaGold Corporation Innovation Performance Growth 21

    New Zealand

    Operations

  • OceanaGold Corporation Innovation Performance Growth 22

    New Zealand Optimisation

    Mine optimisation and operating efficiencies

    over $100m in cost savings

    Production de-risked with zero cost collar

    hedging over next 18 months

    Evaluating organic growth opportunities

    New Zealand Financial De-risking Program

    Macraes Reefton

    Remaining ounces

    hedged1 154.5 koz 53.7 koz

    Hedge period Jan/14 Jan/16 Jun/13 Jun/15

    Put Option Price

    NZ$1,500/oz NZ$1,600/oz

    Call Option Price NZ$1,600/oz NZ$1,787/oz

    Strong New Zealand dollar persists, partly

    offset by hedging program in NZD

    1. As at 30 Jun 2014

    Focused on margin by mining less waste

    Mitigated downside risk of a lower gold price, optionality with a higher gold price

  • OceanaGold Corporation Innovation Performance Growth 23

    New Zealand Assets

    Macraes Frasers Reefton NZ Combined

    Mine Type Open pit Underground Open pit

    Nominal production koz 90 120 40 55 50 70 180 245

    P&P Reserves1

    Moz 1.23 0.12 0.19 1.54

    M&I Resources1

    Moz 3.15 0.86 0.74 4.98

    Inferred Resources1

    Moz 1.5 0.6 0.9 3.18

    Ore milled Mtpa 5.0 0.8 1.6 7.4

    Head grade g/t 0.9 1.1 2.0 2.2 1.4 1.5 1.0 1.4

    Estimated mine life end of 2017 end of 2015 end of 2015

    Over 8 million ounces in resource provide optionality with a higher gold price

    1. Complete Reserve & Resource Table on page 39

  • OceanaGold Corporation Innovation Performance Growth 24

    New Zealand Studies

    Round Hill Gold/Tungsten

    M&I Resource1 of 1.26 Moz gold, sterilised by current

    location of process plant

    Evaluating new, organic growth opportunities in New Zealand

    1) Refer to 2013 AIF

    Resource definition and metallurgical test work

    underway

    Conceptual design includes build of new but relocated

    3.0 Mtpa process plant w/Au stream and WO3 stream

    Blackwater

    Inferred Resource1 of 0.7 Moz Au grading 23 g/t

    Drill program tested for continuity below historic

    workings

    Preliminary Economic Assessment near finalisation

    Near Reefton

    At Macraes

  • OceanaGold Corporation Innovation Performance Growth 25

    Sustainability

  • OceanaGold Corporation Innovation Performance Growth 26

    Foundation of Our Success

    Open and transparent communications,

    particularly during economic downturn

    Unique and tailored programs for a diverse

    group of stakeholders

    Engagement throughout all stages of the

    lifecycle

    Operating to highest of environmental

    standards

    Continuous improvement to enhance social

    licence

    A strong social license underpins success in socially complex, emerging countries

  • OceanaGold Corporation Innovation Performance Growth 27

    Investing in Our Local Communities

    Education Infrastructure

    Teachers salaries Scholarship programs

    New roads and improvements Bridges, waterways

    Enterprise Development Building Capacity

    DiCorp: Provides mine services, employs 300 locally

    Didipio Training Academy Leadership training

    Working together with our communities to leave a positive, long lasting legacy

    Employment

    Hire locally policy 98% Filipino workforce

    Investing in the reconstruction after Typhoon Haiyan

    Support

  • OceanaGold Corporation Innovation Performance Growth 28

    Sustainable Development Today and Beyond

    Water Management

    Water treatment plant at Didipio

    Raise 10,000 trout a year at foot of Macraes tailings facility

    Environment Rehabilitation

    ISO14001 EMS at Didipio Reducing GhG emissions

    Restoring lands to match area Supporting agriculture

    Partnering with likeminded organisations such as the IRF

    An unwavering commitment to our social responsibilities beyond mining

    Agroforestry

    Planting one million trees Commercial plantations

  • OceanaGold Corporation Innovation Performance Growth 29

    Looking Ahead

    Well on track to achieve full year production and

    cost guidance

    Increasing throughput rates to planned 3.5 Mtpa

    by year end at Didipio

    Identify and evaluate new value add opportunities

    Continue to repay debt while increasing cash

    position

    Continue to deliver positive results through effective execution of strategy

    Finalise the Didipio Optimisation Study including

    an update to the NI 43-101

    Significant

    cash flow

    generation

    Strengthen

    the balance

    sheet

    Increase

    shareholder

    wealth

    Finalise the Blackwater Preliminary Economic

    Assessment

  • OceanaGold Corporation Innovation Performance Growth 30

    Upcoming Events

    Denver Gold Forum Denver September 15 to 17, 2014

    Goldman Sachs Mining & Metals Conference New York November 19 to 20, 2014

    Canaccord Global Resources Conference New York October 15 to 16, 2014

    Q3 Financial and Operating Results Release and Webcast October 31, 2014

    Didipio & New Zealand Site Visits TBD - Late Nov/early Dec,

    2014

  • Innovation Performance Growth

    oceanagold.com

  • OceanaGold Corporation Innovation Performance Growth 32

    Board of Directors

    Jim Askew (Chairman) - Mr. Askew is a mining engineer with over 35 years broad international experience as a Director/CEO

    for a wide range of international publicly listed mining, mining finance, and other mining related companies. He has served on

    the board of numerous resource public companies, which currently include Evolution Mining and Asian Mineral Resources Ltd.

    Mick Wilkes (MD & CEO) Mr. Wilkes is a mining engineer with over 30 years of broad international experience across Asia and Australia. Prior to OGC, Mick was Executive General Manager of Operations at OZ Minerals where he was responsible for

    the evaluation studies, construction and operation of the Prominent Hill copper gold project in South Australia. Preceding this, he

    was General Manager of the Sepon gold copper project for Oxiana in Laos. Earlier experience was in Papua New Guinea in

    senior roles and, at the outset of his career, at Mount Isa Mines in operations and design.

    Denham Shale (Lead Director) - Mr. Shale is a lawyer in practice in Auckland, New Zealand. He has been a director of listed

    companies for over 20 years and is President and an Accredited Fellow of the Institute of Directors in New Zealand Inc.

    Joey Leviste (Director) - Mr. Leviste is the current Chairman of OceanaGold's wholly-owned subsidiary company in the

    Philippines, OceanaGold (Philippines), Inc and Philippine resident of the Australia-Philippines Business Council. He has also

    been appointed by the President of the Philippines as private sector member of Governing Council of the Philippines Council for

    Agriculture, Aquatic and Natural Resource.

    Bill Myckatyn (Director) - Mr. Myckatyn is a professional mining engineer with over 30 years experience in mine development

    and operations. He was the former Chairman of Quadra FNX Mining Ltd., until its takeover in 2012, a company he co-founded as

    CEO in 2002. He is currently on the Board for First Point Minerals, San Marco Resources and Delta Gold.

    Dr Geoff Raby (Director) - Dr. Raby is the former Australian Ambassador to The Peoples Republic of China from 2007 2011. Dr. Raby joined the Australian public service in 1986 and has held various postings throughout Asia and Europe prior to his

    posting in Beijing. Dr. Raby is also a non-executive director of ASX listed Fortescue and SmartTrans.

    Paul Sweeney (Director) Mr Sweeney has over 35 years experience in financial management of mining and renewable energy companies. He held management roles with Placer Dome and Gibraltar Mines, board roles with Pan American Silver and

    New Gold. He currently sits on the boards of Tahoe Resources, Grenville Strategic Royalty Corp., Magma Energy Corp, and

    Mongolia Growth Group Ltd.

  • OceanaGold Corporation Innovation Performance Growth 33

    Analyst Coverage

    North America Analyst

    BMO Capital Markets Brian Quast

    CIBC Jeff Killeen

    Cormark Securities Mike Kozak

    Macquarie Bank Michael Siperco

    National Bank Financial Raj Ray

    PI Financial Brian Szeto

    Australia Analyst

    Canaccord Genuity Reg Spencer

    CIMB David Coates

    Citigroup Trent Allen

    Credit Suisse Michael Slifirski

    GMP Securities Conrad Mulherin

    Goldman Sachs Brett Cottrell

    JP Morgan Mark Busuttil

    Macquarie Bank Ben Crowley

    New Zealand Analyst

    Forsyth Barr Andrew Harvey-Green

  • OceanaGold Corporation Innovation Performance Growth 34

    USDm Q2 2014 Q1 2014 YTD

    Jun 2014

    YTD

    Jun 2013

    Revenue 127.5 170.4 297.8 226.9

    Operating costs1 (97.9) (69.4) (167.2) (137.3)

    EBITDA2 29.6 101.0 130.6 89.6

    Depreciation & amortisation (31.4) (33.4) (64.8) (69.4)

    Net interest & finance costs (2.8) (2.4) (5.3) (12.7)

    Earnings before tax2 (4.6) 65.2 60.5 7.5

    Income tax expense 5.7 (5.4) 0.3 (3.7)

    Gain/(loss) on fair value undesignated hedges (4.3) (1.3) (5.6) (8.2)

    Impairment charge (85.5)

    Tax benefit/(expense) on gain/(loss) on undesignated

    hedges & impairment 1.2 0.4 1.6 26.4

    Net profit/(loss) after impairment (2.1) 58.9 56.8 (63.4)

    Gold price received ($ per ounce) 1,314 1,311 1,312 1,377

    Consolidated Financial Results

    1. Includes G&A 2. Before gain/(loss) on undesignated hedges and impairment Note: Summation subject to rounding differences

  • OceanaGold Corporation Innovation Performance Growth 35

    USDm Q2 2014 Q1 2014 YTD

    Jun 2014

    YTD

    Jun 2013

    Opening cash balance 42.1 24.8 24.8 96.5

    Operating cash inflows 52.7 73.3 126.0 31.3

    Investing expenditure (31.1) (24.1) (55.2) (90.2)

    Free cash flow 21.6 49.2 70.8 (58.9)

    Financing cash inflows/(outflows) (12.6) (25.2) (37.8) (30.2)

    Foreign exchange effect (4.9) (6.7) (11.6) 10.5

    Net cash (decrease)/increase 4.1 17.3 21.4 (78.6)

    Closing cash balance 46.2 42.1 46.2 17.9

    Consolidated Cash Flows

    Note: Summation subject to rounding differences

    Investing expenditure includes:

    Pre-strip: $17m, Sustaining: $6m, TSF & water treatment plant: $5m, Didipio process plant debottlenecking: $2m, Exploration: $1m

  • OceanaGold Corporation Innovation Performance Growth 36

    El Salvador

    Underground mine = small footprint

    High grade, low sulphidation, epithermal deposit

    Continuous focus on community and stakeholder

    engagement

    El Dorado

    San Salvador

    El Salvador

    Guatemala

    Belize

    Honduras

    Nicaragua

    Costa Rica

    Panama

    Measured & Indicated Resources1

    Gold: 1.30 Moz Silver: 9.48 Moz

    M&I Average Grade

    Gold: 9.42 g/t Silver: 69.0 g/t

    Inferred Resources1

    Gold: 0.30 Moz Silver: 1.9 Moz

    El Dorado currently in international arbitration;

    OGC seeks a negotiated outcome to impasse2 1. Complete Reserve & Resource Table on page 39

    2. Refer to OGC news release dated 8 October 2013 and OGC to Acquire Pacific Rim Mining presentation at www.oceanagold.com for additional details and details on the current arbitration claim

    Nominal investment in a high quality resource w/ significant upside potential

  • OceanaGold Corporation Innovation Performance Growth 37

    Drilling Highlights (MetEx):

    31m @ 0.35 g/t Au & 0.85% Cu

    28m @ 0.65 g/t Au & 0.27% Cu

    13m @ 0.75 g/t Au & 0.25% Cu

    7m @ 1.16 g/t Au & 0.57% Cu

    Rock Sampling Highlights:

    8.09 g/t Au & 4.21% Cu

    3.20 g/t Au & 1.73% Cu

    2.86 g/t Au & 2.09% Cu

    2.54 g/t Au & 1.10% Cu

    FTAA Exploration Opportunities

    1 KM

    1.6

    KM

    >150 ppb Au > 80 ppb Au > 50 ppb Au

    250 ppm Cu contour 200 ppm Cu contour Proposed drillhole

    collar (with direction)

    Cabinwangan Mogambos

    PPYTR05: 8m @

    0.18% Cu and 0.02

    g/t Au

    PPYCH02: 4m @

    0.26% Cu and

    0.03g/t Au

    1.42 g/t Au

    and 6.81%

    Cu

    2m @ 1.91 g/t Au

    2m @ 1.48 g/t Au

    Papaya

    DBeau 5 holes

    2, 053.5 m

    Luminag 2 holes , 496.4 m

    Morning Star 1 hole, 461.3 m

    True Blue

    Didipio Au-Cu

    MSDH212

    DBDH202

    Chinichinga 2 holes, 396.4 m

    CDDH105 &

    CDDW105

    DBDH206

    San Pedro 5 holes, 1, 756.6 m

    LMDH002

    (ongoing)

    SDDH049 SDDH050 SDDH051

    SDDH052

    SDDH053

    Near-mine

  • OceanaGold Corporation Innovation Performance Growth 38

    Financial or Technical Assistance Agreement

    Capital Recovery Period

    5 years from date of commercial production (April 1, 2013) to recover pre-operating expenses and other allowable items dating back to 1994 (when FTAA was signed)

    Residual capital (capital unrecovered within 5 years) amortised over next 3 years

    Revenue Sharing

    After capital recovery period, sharing of NET REVENUE

    40% OceanaGold 60% Government Share

    Net Revenue Calculation

    Revenue

    LESS operating costs

    LESS depreciation of post development capital expenditure (excluding underground development costs)

    LESS underground mine development

    = NET REVENUE

    Government Share

    2% Net Smelter Royalty

    2% Excise Duty (2% gross sales for gold, 2% copper concentrate)

    Corporate Tax (current tax rate is 30%)

    Other taxes (e.g. Withholding tax)

    8% Free Carried (entitles the holder to 8% of equity in the operating vehicle and dividends paid after recovery period)

  • OceanaGold Corporation Innovation Performance Growth 39

    Mineral Resources and Reserves (as at 31 Dec 2013)

    RESOURCES MEASURED INDICATED MEASURED & INDICATED INFERRED RESOURCE

    AREA Mt Au

    g/t

    Au

    Moz

    Ag

    g/t

    Ag

    Moz

    Cu

    %

    Cu

    Mt Mt

    Au

    g/t

    Au

    Moz

    Ag

    g/t

    Ag

    Moz

    Cu

    %

    Cu

    Mt Mt

    Au

    g/t

    Au

    Moz

    Ag

    g/t

    Ag

    Moz

    Cu

    %

    Cu

    Mt Mt

    Au

    g/t

    Au

    Moz

    Ag

    g/t

    Ag

    Moz

    Cu

    %

    Cu

    Mt

    MACRAES

    TOTAL 31.7 1.24 1.26 . . . . 85.6 1.00 2.75 . . . 117.3 1.06 4.01 . . . . 65.0 1.0 2.1 . . . .

    REEFTON

    TOTAL 2.01 1.70 0.11 . . . . 13.5 1.46 0.63 . . . 15.5 1.50 0.74 . . . . 7.8 3.7 0.90 . . . .

    SAMS

    CREEK

    TOTAL . . . . . . . 4.03 1.77 0.23 . . . 4.03 1.77 0.23 . . . . 4.2 1.3 0.18 . . . .

    DIDIPIO

    TOTAL 18.0 1.26 0.73 . . 0.51 0.09 43.0 0.96 1.33 . . 0.39 0.17 61.0 1.05 2.06 . . 0.42 0.26 14.7 0.6 0.3 . . 0.2 0.03

    EL DORADO

    TOTAL 0.78 11.30 0.28 75.7 1.90 . . 3.50 9.00 1.01 67.5 7.58 . . 4.28 9.42 1.30 69.0 9.48 . . 0.8 9.4 0.3 71.0 1.9 . .

    TOTAL

    RESOURCE 52.4 1.41 2.38 . 1.90 . 0.09 149.7 1.24 5.96 . 7.58 . 0.17 202.1 1.28 8.34 . 9.48 . 0.26 92.4 1.3 3.7 . 1.9 . 0.03

    Figures are in-situ delivered to ROM. Macraes and Reefton cut-offs are based on US$1,250/oz gold (0.4 g/t Au for Macraes Open Pit, 0.5 g/t Au for Reefton and 2.1 g/t Au cut-off for Frasers Underground).

    Didipio cut-offs are Net Metal Value based, using US$1,250/oz gold and US$3.25/lb copper (0.55 g/t AuEq for open pit and 1.9 g/t AuEq for underground).

    RESERVES

    PROVEN PROBABLE PROVEN AND PROBABLE

    AREA Mt Au

    g/t Au Moz

    Cu

    %

    Cu

    Mt Mt

    Au

    g/t Au Moz

    Cu

    %

    Cu

    Mt Mt

    Au

    g/t Au Moz

    Cu

    %

    Cu

    Mt

    MACRAES

    TOTAL 21.2 1.00 0.68 . . 20.8 1.01 0.68 . . 42.0 1.00 1.35 . .

    REEFTON

    TOTAL 0.9 1.53 0.04 . . 3.3 1.40 0.15 . . 4.2 1.43 0.19 . .

    DIDIPIO

    TOTAL 16.7 1.23 0.66 0.52 0.09 29.0 1.00 0.93 0.42 0.12 45.6 1.09 1.59 0.46 0.21

    TOTAL

    RESERVE 38.8 1.11 1.38 - 0.09 53.2 1.03 1.76 - 0.12 91.9 1.06 3.14 - 0.21

    All resources are inclusive of reserves. Macraes and Reefton Open Pit resource cut-off are based on $1,250/oz Au. Underground resources are reported within geological constraints. For Didipio: 0.47 g/t

    EqAu cut-off above the 2,390mRL and 1.5 g/t cut-off below the 2,390mRL. No resource reported below 2,180mRL. EqAu cut-off is gold equivalent based on US$1,450/oz gold and US$3.00/lb copper.

    OceanaGold retains a 40% interest in the Sams Creek project in the South Island of New Zealand. The project contains a total of 10.1 Mt @ 1.77 g/t Au for 575 koz Indicated resource, as well as 10 Mt @ 1.3

    g/t Au for 440 koz of Inferred resource. 40% of the total Sams Creek inventory has been included in OceanaGold's resource table. The project is not considered material to OceanaGold. The El Dorado Project

    is not considered material. Please refer to www.oceanagold.com for the press release dated October 8, 2013 for more details on the status of the permit applications and arbitration for the El Dorado Project

    as at the end of 2013. El Dorado resource cut-offs are based on gold 2008 assumptions of US$980/oz and US$20/oz silver.