Record gold prices and strong …

• Revenue: 360 million US dollars, supported by a record average gold price of $ 2,858 per ounce.

• EBITDA: 192 million US dollars with an EBITDA margin of 53%.

• Operating cash flow per share: $ 0.28.

• Win each share: $ 0.14, corresponds to the quarterly record.

• Free Cashflow: 69 million US dollars after growth and exploration investments.

• Care credit: Rose 18% to 228 million US dollars.

• Debts: Registered zero debt.

• Share purchases: Shares worth $ 20 million bought back at an average price of 4.03 USD Canadians per share.

• Gold production at Haile: Almost 52,000 ounces in the first quarter.

• All-in sustainable costs at Haile: $ 1,551 per ounce, below the annual instructions.

• Gold production at Didipio: About 21,000 ounces.

• Copper production at Didipio: 3,400 tons.

• All-in sustainable costs at Didipio: $ 1,130 per ounce, below the annual instructions.

• Gold production at Macraes: 28,000 ounces.

• Gold production at Waihi: Around 17,000 ounces.

Appearance date: May 08, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Oceanagold Corp (Ocanf) reported on a strong start by 2025, whereby the production, the costs and the capital performance in the first quarter match the instructions of the entire year.

• The company achieved significant profit and free cash flow for market expectations, which benefits from increased gold prices.

• Oceanagold Corp (Ocanf) kept a strong balance with zero debt until the end of the quarter and increased cash stock by almost 20%.

• The company reported a quarterly average gold price of $ 2,858 per ounce, which contributed to a strong EBITDA margin of 53%.

• Oceanagold Corp (Ocanf) continued to finance growth projects, retained a strong balance, paid dividends and buyback shares, which reflects the disciplined capital allocation.

• The company is confronted with potential risks in connection with the approval schedule for the Waihi North project in New Zealand, which could exceed in early 2026.

• There are continuing challenges in optimizing and infrastructure in the underground in Didipio, which are expected to be solved in the early second half of the year.

• The company had a delay in stripping at Haile last year, which led a quarter longer than planned.

• Oceanagold Corp (Ocanf) calculates in the second half of the year with increasing capital investments, which could affect the cash flow.

• The company is exposed to potential fluctuations in gold prices, which could affect the free cash flow sensitivity and general financial performance.

Q: Is the stripping at Hailile still on the right track and how should we see Q2? Does the ore hardness also produce delays? A: Gerard Bond, CEO: Stripping is on the right track, and we expect good access to phase 3 ore until the end of Q3, which drives production growth in the fourth quarter and 2026. Bhuvanesh Malhotra, Chief Technical and Projects Officer: The arch hardening is as expected and included in our plans. We have optimized explosion patterns and feeding recipes to manage it and we are on the right track with our instructions.