OceanaGold (OGC) Corporate presentation summary
Event summary combining transcript, slides, and related documents.
Corporate presentation summary
4 Nov, 2026Portfolio and 2026 guidance
Four operating mines in the USA, New Zealand and the Philippines; 2026 guidance of 520–590 koz gold, 13–15 kt copper and $1,750–$1,900/oz AISC.
Total gold reserves of 5.8 Moz and measured and indicated resources of 8.6 Moz, inclusive of reserves, based on 2025 year-end estimates.
Haile is expected to drive 2026 production growth; its guidance is 235–260 koz gold, compared with 135–155 koz at Macraes, 60–75 koz at Waihi and 85–105 koz at Didipio.
Production growth and projects
Indicative production profile reaches potential of ~650,000 oz/year, with Katanning included; Katanning first gold is expected in 2029 and annual production potential exceeds 100,000 oz, subject to acquisition closing.
Haile first ore is expected from Palomino Underground in 2028 and Ledbetter Underground in 2029; average production is expected to be 210,000 oz/year from 2027–2031 inclusive.
Macraes targets ~100,000 oz/year into the late 2030s; MP4 and further opportunities could extend mine life into the 2040s.
Waihi North is advancing toward Wharekirauponga Underground, with first ore expected in 2032; the updated technical report is expected in January 2027.
Katanning is described as a conventional, low-capital open-pit development with a 10-year mine life and +100,000 oz/year production potential.
Exploration and responsible operations
Planned 2026 exploration spend is $60M, up ~50% from $40M in 2025; priorities include resource-to-reserve conversion, brownfield growth and greenfield opportunities.
27% of short-term incentive KPIs are sustainability-related; the 2026 scorecard covers production, growth, culture, cost and continuous improvement, health and safety, and environment, energy and carbon.
Wharekirauponga drilling included 6.3 m at 97.2 g/t Au and 8.5 m at 41.5 g/t Au; the stated reserve is 1.2 Moz at 9.2 g/t Au.
No operational disruptions from the Iran conflict had occurred to date; 80% of diesel at Haile and Macraes is hedged at ~ $65/bbl on a rolling 12-month basis.
Latest events from OceanaGold
- Strong cash flow and on-track output; Q4 strength supports guidance amid cost pressure.OGC
Q3 2026 - Record revenue and positive free cash flow anchor a plan for rising output and falling AISC.OGC
Q4 2023 - Organic projects and Katanning target 30% production growth to 650,000 oz.OGC
Mining Forum Americas 2026 - Acquisition adds a high-quality, growth-focused gold asset in Western Australia for A$776M.OGC
M&A announcement - Q2 gold output up 7%, $130M free cash flow, $222M profit, and $78M returned to shareholders.OGC
Q2 2026 - All resolutions passed as record revenue, resumed dividends, and ambitious growth plans were highlighted.OGC
AGM 2024 - Record 2025 results, robust reserves, and higher 2026 production and exploration planned.OGC
Q4 2025 - Record Q3 gold output and free cash flow; Q4 expected to be strongest despite revised guidance.OGC
Q3 2024 - Q2 2024 delivered strong free cash flow, net cash, and H2-weighted production outlook.OGC
Q2 2024