# OceanaGold Reports Third Quarter 2026 Results

- Link: https://www.thailand-business-news.com/pr-news/oceanagold-reports-third-quarter-2026-results
- Published: 2026-11-05T05:52:00+07:00
- Author: PR Newswire

**(All financial figures in United States dollars unless otherwise stated)**

 ◦ **On track to achieve production and AISC^(†) guidance, Q4 expected to be the
   strongest of the year**
 ◦ **Strong Free Cash Flow^(†) of $155 million, with cash of $729 million and no
   debt at quarter end**
 ◦ **Advanced growth projects and delivered exploration success**
 ◦ **Returned $79 million to shareholders via buybacks and dividends**

VANCOUVER, BC, Nov. 5, 2026 /PRNewswire/ — OceanaGold Corporation (TSX: OGC) (NYSE:
OGC) ("OceanaGold" or the "Company") reported its operational and financial results
for the three and nine months ended September 30, 2026. The consolidated financial
statements and Management’s Discussion and Analysis ("MD&A") are available at [www.oceanagold.com](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4814554-1&h=1911511220&u=http%3A%2F%2Fwww.oceanagold.com%2F&a=www.oceanagold.com).

**Third Quarter Highlights**

 ◦ **On track to achieve midpoint of full year production guidance, **with the fourth
   quarter expected to be the strongest of the year.
 ◦ **Safely and responsibly produced 133,400 ounces of gold and 3,400 tonnes of 
   copper.**
 ◦ **All-in sustaining cost ("AISC")^(†) of $1,874 per ounce, **13% lower than the
   prior quarter, and expected to reduce in the fourth quarter. Full year AISC^(†)
   remains on track to be towards the upper end of guidance.
 ◦ **Revenue of $655 million at an average realized gold price of $4,249 per ounce.**
 ◦ **Net profit^(1) of $198 million, EPS of $0.88 and adjusted EPS^(†) of $0.94.**
 ◦ **Operating Cash Flow of $325 million and adjusted EBITDA Margin^(†) of 58%. **
 ◦ **Generated strong quarterly Free Cash Flow^(†) of $155 million, and $541 million
   year to date. **
 ◦ **Cash balance increased by 11% to $729 million, with no debt and revolving credit
   facility undrawn.**
 ◦ **Returned $79 million to shareholders in the quarter and $253 million year to
   date.**
 ◦ **Completed $59 million in share buybacks during the quarter and $193 million
   year to date.**
 ◦ **Strong quarterly production at Haile expected in the fourth quarter, **supported
   by access to the higher-grade lower benches of the Ledbetter open pit, with 27,400
   ounces produced at Haile in October 2026.
 ◦ **Announced the acquisition of Ausgold Limited, the owner of the Katanning Gold
   Project in Western Australia, **with closing expected in December 2026.
 ◦ **Progressed the Waihi North Project and Palomino Underground Project, **both
   on track.
 ◦ **Lodged the permit application for the Macraes Phase 4 Project ("MP4") to extend
   the mine life at Macraes to the late 2030s, **with recent drilling supporting
   the potential to extend mine life into the 2040s.
 ◦ **Reported high-grade drill results at Wharekirauponga, **continuing to demonstrate
   the exceptional grade and continuity of the deposit, with an updated technical
   report planned for January 2027.

  |

† See "Non-IFRS Financial Information"

  |  
 |

1 Attributable to the shareholders of the Company.

  |

Gerard Bond, President and CEO of OceanaGold, said "The third quarter marked another
period of safe and responsible gold production, with costs improving as planned,
positioning us to deliver on our production and AISC guidance for the year. We generated
significant Free Cash Flow of $541 million year to date, enabling us to continue
to invest substantially in our attractive organic growth projects, strengthen our
balance sheet and return meaningful capital to shareholders. During the quarter,
we submitted the MP4 application to extend operations at Macraes into the late 2030s,
continued to advance the Waihi North Project and Palomino Underground Project, and
delivered exceptional high-grade drill results from Wharekirauponga, which demonstrates
the significant value creation from our investment in exploration.

Looking ahead, we are well positioned to finish the year strongly, with the fourth
quarter expected to be the strongest of the year, driven by increased gold production
at Haile and further improvements in AISC. We also look forward to completing the
acquisition of Ausgold by the end of the year, adding another high-quality growth
opportunity to our portfolio. We remain focused on safely and responsibly delivering
strong operational performance, generating significant Free Cash Flow and advancing
our growth projects to create value for our shareholders."

  |

† See "Non-IFRS Financial Information" 
1 Attributable to the shareholders of the Company.

  |

**Results Overview**

  |    |    |

**Q3 2026**

  |

**Q2 2026**

  |

**Q3 2025**

  |

**YTD 2026**

  |

**YTD 2025**

  |  
 |

Gold Produced^(1)

  |    |    |    |    |    |    |  
 |

  Haile

  |

koz

  |

**54.6**

  |

59.5

  |

30.0

  |

**155.7**

  |

129.2

  |  
 |

  Macraes

  |

koz

  |

**37.2**

  |

41.4

  |

32.8

  |

**130.1**

  |

91.2

  |  
 |

  Waihi

  |

koz

  |

**18.9**

  |

16.5

  |

18.8

  |

**52.0**

  |

52.9

  |  
 |

  Didipio

  |

koz

  |

**22.7**

  |

21.4

  |

21.9

  |

**64.5**

  |

66.9

  |  
 |

Total gold produced^(1)

  |

koz

  |

**133.4**

  |

138.8

  |

103.5

  |

**402.3**

  |

340.2

  |  
 |

Gold Sales

  |    |    |    |    |    |    |  
 |

  Haile

  |

koz

  |

**60.4**

  |

53.1

  |

33.4

  |

**160.8**

  |

140.1

  |  
 |

  Macraes

  |

koz

  |

**38.1**

  |

45.9

  |

32.7

  |

**131.9**

  |

91.2

  |  
 |

  Waihi

  |

koz

  |

**19.1**

  |

16.4

  |

20.4

  |

**53.1**

  |

52.7

  |  
 |

  Didipio

  |

koz

  |

**23.3**

  |

20.4

  |

29.7

  |

**66.3**

  |

68.1

  |  
 |

Total Gold sales

  |

koz

  |

**140.9**

  |

135.8

  |

116.2

  |

**412.1**

  |

352.1

  |  
 |

Average Gold Price

  |

$/oz

  |

**4,249**

  |

4,433

  |

3,476

  |

**4,521**

  |

3,212

  |  
 |

Copper Produced^(1) – Didipio

  |

kt

  |

**3.4**

  |

2.7

  |

3.1

  |

**9.3**

  |

10.2

  |  
 |

Copper Sales^(1) – Didipio

  |

kt

  |

**3.4**

  |

2.6

  |

4.4

  |

**9.3**

  |

10.6

  |  
 |

Average Copper Price

  |

$/lb

  |

**6.54**

  |

6.40

  |

4.44

  |

**6.35**

  |

4.37

  |  
 |

Silver Produced

  |

koz

  |

**136.5**

  |

126.8

  |

123.6

  |

**394.0**

  |

446.4

  |  
 |

Cash Costs^(†)

  |    |    |    |    |    |    |  
 |

  Haile

  |

$/oz

  |

**1,321**

  |

1,442

  |

1,981

  |

**1,496**

  |

1,117

  |  
 |

  Macraes

  |

$/oz

  |

**1,462**

  |

1,237

  |

1,345

  |

**1,205**

  |

1,408

  |  
 |

  Waihi

  |

$/oz

  |

**1,805**

  |

2,262

  |

1,539

  |

**1,864**

  |

1,551

  |  
 |

  Didipio

  |

$/oz

  |

**507**

  |

706

  |

787

  |

**650**

  |

835

  |  
 |

Consolidated Cash Costs^(†)

  |

$/oz

  |

**1,290**

  |

1,362

  |

1,420

  |

**1,314**

  |

1,203

  |  
 |

AISC^(†)

  |    |    |    |    |    |    |  
 |

  Haile

  |

$/oz

  |

**1,811**

  |

1,953

  |

3,464

  |

**2,101**

  |

2,127

  |  
 |

  Macraes

  |

$/oz

  |

**2,155**

  |

1,932

  |

2,171

  |

**1,842**

  |

2,198

  |  
 |

  Waihi

  |

$/oz

  |

**2,195**

  |

2,840

  |

2,039

  |

**2,381**

  |

2,080

  |  
 |

  Didipio

  |

$/oz

  |

**687**

  |

1,589

  |

1,213

  |

**1,173**

  |

1,214

  |  
 |

Consolidated AISC^(†)

  |

$/oz

  |

**1,874**

  |

2,151

  |

2,333

  |

**2,038**

  |

2,052

  |  
 |

Operating Cash Flow

  |

$M

  |

**324.5**

  |

313.6

  |

227.5

  |

**1,019.6**

  |

626.0

  |  
 |

Free Cash Flow^(†)

  |

$M

  |

**155.3**

  |

130.1

  |

94.4

  |

**540.6**

  |

283.3

  |  
 |

Net profit^(2)

  |

$M

  |

**198.1**

  |

222.2

  |

87.2

  |

**648.7**

  |

301.0

  |  
 |

Adjusted net profit^(†)^(2)

  |

$M

  |

**210.8**

  |

221.2

  |

92.9

  |

**661.5**

  |

310.1

  |  
 |

EBITDA^(†)

  |

$M

  |

**370.1**

  |

399.0

  |

205.0

  |

**1,185.8**

  |

614.1

  |  
 |

Adjusted EBITDA^(†)

  |

$M

  |

**382.8**

  |

398.0

  |

210.7

  |

**1,198.6**

  |

623.2

  |  
 |

Earnings per share – diluted^(2,3)

  |

$/share

  |

**$0.88**

  |

$0.99

  |

$0.37

  |

**$2.88**

  |

$1.28

  |  
 |

Adjusted earnings per share – diluted^(†2,3)

  |

$/share

  |

**$0.94**

  |

$0.98

  |

$0.40

  |

**$2.93**

  |

$1.32

  |

  |

1

  |

Production is reported on a 100% basis as all operations are controlled by OceanaGold.

  |  
 |

2

  |

Attributable to the shareholders of the Company.

  |  
 |

3

  |

Quarterly amounts do not sum to year-to-date amounts due to the weighting of the number of shares outstanding.

  |

  |

† See "Non-IFRS Financial Information" 

  |

**Outlook**

The Company’s 2026 production, cost and capital Guidance is outlined in the table
below.

The Company remains on track to achieve around the midpoint of its consolidated 
2026 production Guidance. Production is expected to increase in the fourth quarter
and be the strongest quarter of the year, primarily driven by Haile.

With Haile expecting its strongest production quarter of the year in the fourth 
quarter and 27,400 ounces produced in October, Haile’s production is expected to
be towards the low end of its 2026 production Guidance range. At Haile, a modified
mine plan was implemented in the third quarter to de-risk the Ledbetter Pit South
Wall. As a result, mining activities remained focused on the lower-grade upper benches
of the Ledbetter open pit during the third quarter, temporarily impacting access
to higher-grade ore. By the end of September, mining had successfully advanced into
the lower benches, positioning Haile to access higher-grade ore and deliver an expected
increase in production in the fourth quarter.

At Macraes, production is expected to be lower in the fourth quarter, as per plan,
with full-year production expected to be near the top end of its Guidance range.
Production at Waihi is expected to remain relatively consistent with the third quarter,
while production at Didipio is expected to be higher in the fourth quarter, driven
by increased underground mining rates.

Consolidated AISC^(† )is anticipated to be towards the upper end of the Company’s
2026 Guidance range, reflecting inflationary impacts on labour cost and operating
consumables, continued investment in maintenance and reliability improvements, the
component of unhedged energy costs and lower silver by-product credits, as well 
as the lower sales volumes expected from Haile. Fourth quarter consolidated AISC
^(† )is expected to be lower than the third quarter, underpinned by increased production
at Haile. Full year AISC^(†) at each of Macraes, Waihi and Didipio is expected to
be within their respective 2026 Guidance ranges, while Haile’s AISC^(†) is anticipated
to be around the high end of its 2026 Guidance range, reflecting lower volumes, 
increased investment in maintenance and reliability, and broader cost inflation,
including labour.

Total capital investment for 2026 is expected to be approximately $45 million, or
7%, above the Company’s total capital investment Guidance of $645 million, reflecting
increased investment in growth and exploration capital. Expected higher growth capital
reflects accelerated investment to support the Macraes Phase 4 Project, higher investment
in the mining fleet at Didipio and additional spend at the Waihi North Project due
to the acceleration of certain activities previously planned for 2027. Exploration
capital is expected to be approximately $10 million above its Guidance of $60 million
due to expanded, success-driven drilling programs at all four sites.

  |

† See "Non-IFRS Financial Information" 

  |

**2026 Full-Year Guidance**

  |

**Production & Costs****^(1)**

  |    |

**Haile**

  |

**Macraes**

  |

**Waihi**

  |

**Didipio**

  |

**Consolidated**

  |  
 |

Gold Production

  |

koz

  |

235

  |

–

  |

260

  |

135

  |

–

  |

155

  |

60

  |

–

  |

75

  |

85

  |

–

  |

105

  |

**520**

  |

**–**

  |

**590**

  |  
 |

Copper Production

  |

kt

  |

—

  |

—

  |

—

  |

—

  |

—

  |

—

  |

—

  |

—

  |

—

  |

13

  |

–

  |

15

  |

**13**

  |

**–**

  |

**15**

  |  
 |

Cash Costs^(†,2)

  |

$/oz

  |

970

  |

–

  |

1,070

  |

1,275

  |

–

  |

1,375

  |

1,600

  |

–

  |

1,800

  |

615

  |

–

  |

715

  |

**1,050**

  |

**–**

  |

**1,200**

  |  
 |

AISC^(†,2)

  |

$/oz

  |

1,500

  |

–

  |

1,700

  |

1,950

  |

–

  |

2,150

  |

2,100

  |

–

  |

2,300

  |

975

  |

–

  |

1,100

  |

**1,750**

  |

**–**

  |

**1,900**

  |

 

  |

**Capital Investments****^(1,3,4 )****($M)**

  |

**Haile**

  |

**Macraes**

  |

**Waihi**

  |

**Didipio**

  |

**Consolidated**

  |

**Included in AISC****^(†)**

  |  
 |

Sustaining capital

  |

95

  |

30

  |

15

  |

25

  |

170

  |

170

  |  
 |

Pre-strip and Capitalized Mining

  |

45

  |

65

  |

15

  |

10

  |

135

  |

135

  |  
 |

Growth

  |

90

  |

10

  |

160

  |

20

  |

280

  |

—

  |  
 |

Exploration

  |

10

  |

10

  |

25

  |

10

  |

60

  |

15

  |  
 |

**Total Investments**

  |

**240**

  |

**115**

  |

**215**

  |

**65**

  |

**645**

  |

**320**

  |

  |

1

  |

Production is on a 100% basis as all operations are controlled by OceanaGold. Assumes a NZD to USD exchange rate of 0.58.

  |  
 |

2

  |

Includes by-product allocations based on a copper price of $5.85 per pound and a silver price of $95 per ounce.

  |  
 |

3

  |

Excludes capital leases.

  |  
 |

4

  |

Capital Investments Guidance range of ±5%; Consolidated includes corporate capital.

  |

**Waihi District and the Waihi North Project**

The Waihi District comprises the Company’s Waihi Operation, which includes the currently
producing Martha Underground ("MUG"), and the Waihi North Project, which includes
the high-grade Wharekirauponga Underground ("WUG").

An updated National Instrument 43-101 – Standards of Disclosure for Mineral Projects("
NI 43-101") technical report on the Waihi District is planned for release in January
2027. The technical report will include updated Mineral Reserves and Mineral Resources
estimates.

The technical report will also include an updated mine plan for the Waihi District,
incorporating the results of ongoing technical evaluations. These evaluations are
assessing the potential to extend mining at MUG beyond 2033, in conjunction with
the commencement of mining at WUG. To support this opportunity, the Company is also
evaluating a potential processing plant expansion to increase throughput capacity
up to 1.2 million tonnes per annum.

OceanaGold is permitted to develop and operate the Waihi North Project. Construction
and underground tunnelling activity to the underground mine continues to ramp up
with overall project development progressing on schedule for first ore in 2032.

Following completion of the portal, decline development commenced in May 2026 and
is progressing in line with plan, advancing just over 500 metres to date. Construction
of the first ventilation shaft commenced in the third quarter, with a second jumbo
expected to be added in the first half of 2027 to begin development of the twin 
tunnel toward Wharekirauponga.

Bulk earthworks at the Willows Portal site continued in the third quarter, with 
water management-related sedimentation ponds, haul roads and waste rock stack and
the magazine completed in the quarter. The surface facilities earthworks remain 
on track for completion by year end, with the surface area buildings and workshop
expected to be constructed in 2027. Staged commissioning of the water treatment 
plant commenced in September, and is expected to be fully commissioned by year end.
Early works activities on TSF 3 are expected to commence in the fourth quarter.

**Palomino Underground Project**

Development of the decline connecting the Horseshoe Underground to the Palomino 
Underground advanced during the quarter, and construction of the first ventilation
shaft commenced. Development remains on track to achieve first ore from Palomino
Underground in 2028.

**Dividend**

OceanaGold has declared a $0.09 per share dividend payable in December 2026. Shareholders
of record at the close of business in each jurisdiction on November 18, 2026 (the"
Record Date") will be entitled to receive payment of the dividend on December 18,
2026. The dividend payment applies to holders of record of the Company’s common 
shares traded on the TSX and the NYSE.

  |

Declaration of Dividend

  |    |

Wednesday November 4, 2026

  |  
 |

Record Date

  |    |

Wednesday November 18, 2026

  |  
 |

Dividend Payment Date

  |    |

Friday December 18, 2026

  |  
 |    |    |    |    |

Dividends are payable in United States dollars. Shareholders in other jurisdictions
can elect to participate in Computershare’s international payments service if they
want to receive dividends in an alternative currency. This dividend qualifies as
an ‘eligible dividend’ for Canadian income tax purposes.

**Share Buyback**

Year to date 2026, the Company has completed $193 million of share repurchases. 
In February, the Company announced approval to apply up to $350 million towards 
share buybacks in 2026.

**Conference Call and Webcast:**

Senior management will host a conference call and webcast to discuss the quarterly
results on Thursday, November 5, 2026 at 10:00 am EST (8:00 am PCT). To participate
in the conference call, please use one of the following methods:

 ◦ Webcast: [https://app.webinar.net/YJvAQpM752D](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4814554-1&h=837340424&u=https%3A%2F%2Fapp.webinar.net%2FYJvAQpM752D&a=https%3A%2F%2Fapp.webinar.net%2FYJvAQpM752D)
 ◦ Toll-free North America: +1 888-510-2154
 ◦ International: +1 437-900-0527

If you are unable to attend the call, a recording will be made available on the 
Company’s website.

**About OceanaGold**

OceanaGold is a global intermediate gold and copper producer committed to safely
and responsibly maximizing the generation of Free Cash Flow from our operations 
and delivering strong returns for our shareholders. We have a portfolio of four 
operating mines: the wholly-owned Haile Gold Mine in the United States of America;
the wholly-owned Macraes and Waihi operations in New Zealand; and the 80%-owned 
Didipio Mine in the Philippines.

**Cautionary Statement for Public Release**

This news release 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 Company’s planned production, cost
and capital Guidance for 2026; the future financial and operating performance of
the Company and its mining projects and the anticipated benefits therefor; the development,
expansion and operation of the Company’s mining projects; anticipated production
levels and mine lives; 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 closing of the
Transaction; the timing for achieving first ore at Palomino Underground in 2028;
the timing for the commencement of construction of the paste plant at Haile and 
first paste delivery; the timing for providing ore at Coronation North Phase 5 at
Macraes; anticipated benefits of MP4, including the potential for extension of the
mine life at Macraes into the 2040s; the timing for permitting of MP4 by mid-2027(
subject to appeals); the timing for the release of an updated NI 43-101 technical
report for the Waihi District in January 2027 and Macraes in early 2028; the potential
to increase throughput capacity at Waihi up to 1.2 million tonnes per annum; the
timing for achieving first ore at the Waihi North Project in 2032; the timing for
the addition of a second jumbo at the Waihi North Project in the first half of 2027
to begin development of the twin tunnel toward Wharekirauponga; the timing for completion
of the surface area at the Waihi North Project by year end, with the surface area
buildings and workshop expected to be constructed in 2027; the timing for the commissioning
of the water treatment plant at the Waihi North Project by year end; the timing 
for commencement of early works activities on TSF 3 at the Waihi North Project in
the fourth quarter of 2026; the potential to bring True Blue into the Mineral Resources
estimate at Didipio; costs and timing of future exploration and drilling programs,
including the Company’s site and regional exploration programs; water management
initiatives and strategies and tailings management initiatives at the Company’s 
operations; requirements for additional capital; the adequacy of current financial
resources and cash reserves; governmental regulation of mining operations and exploration
operations; the timing and receipt of required permits, certifications, approvals,
consents and renewals under applicable legislation; the amount of and timing for
anticipated purchases under the NCIB program; the payment of dividends in future
periods; compliance with applicable environmental, social, health and safety and
other regulatory requirements; geotechnical and operational conditions; social licence
to operate and stakeholder relationships; competition for mineral properties; the
availability and terms of financing; foreign operations and political, economic 
and regulatory conditions in the jurisdictions in which the Company operates; expectations
regarding the impacts of the ongoing U.S.-Iran international conflict on the Company’s
operations, including potential impacts to operating and capital costs; the timing
of the Company’s hedging program of the forecast diesel consumption at Waihi and
Didipio; governmental regulation of mining operations and exploration operations;
fluctuations in commodity prices, including gold, copper and silver, and foreign
exchange rates; anticipated environmental risks; title disputes or claims; the limitations
and adequacy of insurance coverage; title matters, disputes and land access; changes
in laws, taxation and accounting standards; and the timing and possible outcome 
of pending legal proceedings, regulatory matters and other disputes, including the
appeal to the permit approval for the Waihi North Project.

All statements in this news release that address events or developments that the
Company 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 the Company
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 the Company’s production estimates, forecasts 
or 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; risks
associated with the development of growth projects, including the Waihi North Project
and MP4, including permitting, legal challenge and timeline risk; 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 ongoing
U.S.-Iran conflict; challenges associated with effective water management; environmental,
health and safety and climate-related risks; risks relating to potential future 
acquisitions or investments in other companies; the successful completion of the
Transaction; 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 Australian dollar, 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
the Company’s most recent Annual Information Form and the Company’s other filings
with Canadian securities regulators and the SEC, which are available under the Company’s
profile on SEDAR+ at sedarplus.ca and on EDGAR at sec.gov, respectively, and on 
the Company’s website at oceanagold.com. The list is not exhaustive of the factors
that may affect the Company’s forward-looking statements.

The Company’s forward-looking statements are based on the applicable assumptions
and factors Management considers reasonable as of the date hereof, based on the 
information available to Management at such time. These assumptions and factors 
include, but are not limited to, assumptions and factors related to the Company’s
ability to carry on current and future operations, including: exploration and development
activities; the timing, extent, duration and economic viability of such operations;
the accuracy and reliability of estimates, projections, forecasts, studies and assessments;
the Company’s ability to meet or achieve Guidance, estimates, projections and forecasts;
the availability and cost of inputs; the price and market for outputs, including
gold, copper and silver; foreign exchange rates; taxation levels; the timely receipt
of necessary permits, certifications, approvals or licences; the ability to meet
current and future obligations; the ability to obtain timely financing on reasonable
terms when required; the current and future social, economic and political conditions;
and other assumptions and factors generally associated with the mining industry.

The Company’s forward-looking statements are based on the opinions and estimates
of Management and reflect their current expectations regarding future events and
operating performance and speak only as of the date hereof. The Company does not
assume any obligation to update forward-looking statements if circumstances or Management’s
beliefs, expectations or opinions should change other than as required by applicable
laws. There can be no assurance that forward-looking statements will prove to be
accurate, and actual results, performance or achievements could differ materially
from those expressed in, or implied by, these forward-looking statements. Accordingly,
no assurance can be given that any events anticipated by the forward-looking statements
will transpire or occur, or if any of them do, what benefits or liabilities the 
Company will derive therefrom. For the reasons set forth above, undue reliance should
not be placed on forward-looking statements.

**Cautionary Statements for United States Readers**

The scientific and technical disclosure in this news release was prepared in accordance
with NI 43-101, which differs from the scientific and technical disclosure requirements
of the SEC that are applicable to domestic United States reporting companies. In
particular, and without limiting the generality of the foregoing, the terms "Mineral
Reserve", "Proven Mineral Reserve", "Probable Mineral Reserve", "Inferred Mineral
Resources", "Indicated Mineral Resources", "Measured Mineral Resources" and "Mineral
Resources" used or referenced in this MD&A are Canadian mineral disclosure terms
as defined in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy
and Petroleum (the "CIM") – CIM Definition Standards on Mineral Resources and Mineral
Reserves, adopted by the CIM Council, as amended (the "CIM Definition Standards").
The definitions of these terms, and other mining terms and disclosures, differ from
the definitions of such terms, if any, for purposes of the SEC’s disclosure rules
for domestic United States reporting companies and any Mineral Reserves and Mineral
Resources reported by the Company in accordance with NI 43-101 may not qualify as
such under SEC standards, including Subpart 1300 of Regulation S-K under the United
States Securities Exchange Act of 1934, as amended. As a foreign private issuer 
that is eligible to file reports with the SEC pursuant to the multi-jurisdictional
disclosure system, the Company is not required to provide disclosure on its mineral
properties under applicable SEC rules and regulations and provides disclosure under
NI 43-101 and the CIM Definition Standards. Accordingly, Mineral Resources and Mineral
Reserves information and other scientific and technical information contained or
referenced in this news release may not be comparable to similar scientific and 
technical information disclosed by United States public companies subject to the
reporting and technical disclosure requirements of the SEC.

Mineral Resources that are not Mineral Reserves do not have demonstrated economic
viability. Due to the uncertainty of Measured, Indicated or Inferred Mineral Resources,
these Mineral Resources may never be upgraded to Proven and Probable Mineral Reserves.
Investors are cautioned not to assume that any part of mineral deposits in these
categories will ever be converted into reserves or recovered. In addition, United
States investors are cautioned not to assume that any part or all of the Company’s
Measured, Indicated or Inferred Mineral Resources constitute or will be converted
into Mineral Reserves or are or will be economically or legally mineable without
additional work.

Historical results or feasibility models presented herein are not guarantees or 
expectations of future performance.

**Qualified Persons**

Mr. Greg Hollett, the Company’s Head of Mine Engineering, a qualified person as 
defined by NI 43-101, has reviewed and approved the disclosure of all scientific
and technical information related to Haile operational matters contained in this
news release.

Mr. Euan Leslie, the Company’s Group Mining Engineer, and Mr. Knowell Madambi, the
Company’s Manager – Technical Services & Projects, Macraes, each of whom is a qualified
person as defined by NI 43-101, have reviewed and approved the disclosure of all
scientific and technical information related to Macraes operational matters contained
in this news release.

Messrs. Leslie and David Townsend, the Company’s Manager – Mining (Underground),
Waihi, each of whom is a qualified person as defined by NI 43-101, have reviewed
and approved the disclosure of all scientific and technical information related 
to Waihi operational matters contained in this news release.

Mr. Phillip Jones, the Company’s Head of Underground Mining, a qualified person 
as defined by NI 43-101, has reviewed and approved the disclosure of all scientific
and technical information related to Didipio operational matters contained in this
news release.

Mr. Keenan Jennings, the Company’s Executive Vice President and Chief Exploration
Officer, a qualified person as defined by NI 43-101, has approved the scientific
and technical information regarding exploration matters contained in this news release.

**Non-IFRS Financial Information**

_Adjusted Net Profit and Adjusted Earnings per share_

These are used by Management to measure the underlying operating performance of 
the Company. Management believes these measures provide information that is useful
to investors because they are important indicators of the strength of the Company’s
operations and the performance of its core business. Accordingly, such measures 
are intended to provide additional information and should not be considered in isolation
as a substitute for measures of performance prepared in accordance with IFRS. Adjusted
net profit is calculated as net profit less the impact of non-recurring items and
significant recurring non-cash items. Including impairment expenses and reversals,
write-downs, foreign exchange gains/losses, gain on sale of assets and listing costs.
Management believes that the presentation of Adjusted net profit and Adjusted earnings
per share is appropriate to provide additional information to investors regarding
items that Management does not expect to continue at the same level in the future
or that Management does not believe to be a reflection of the Company’s ongoing 
operating performance.

The following table provides a reconciliation of Adjusted net profit and Adjusted
earnings per share:

  |

**$M, except per share amounts**

  |

**Q3 2026**

  |

**Q2 2026**

  |

**Q3 2025**

  |

**YTD 2026**

  |

**YTD 2025**

  |  
 |

Net profit^(1)

  |

**198.1**

  |

222.2

  |

87.2

  |

**648.7**

  |

301.0

  |  
 |

Foreign exchange (gain) loss

  |

**7.9**

  |

(2.0)

  |

2.0

  |

**6.0**

  |

5.2

  |  
 |

NYSE listing and compliance costs

  |

**1.0**

  |

0.9

  |

1.6

  |

**2.9**

  |

1.6

  |  
 |

Restructuring / Other costs

  |

**—**

  |

—

  |

1.5

  |

**—**

  |

1.5

  |  
 |

Write-down of assets

  |

**3.8**

  |

0.1

  |

0.6

  |

**3.9**

  |

0.8

  |  
 |

**Adjusted net profit****^(1)**

  |

**210.8**

  |

221.2

  |

92.9

  |

**661.5**

  |

310.1

  |  
 |

**Weighted average number of common shares – fully diluted**

  |

**224.0**

  |

225.1

  |

233.0

  |

**225.4**

  |

234.4

  |  
 |

**Adjusted earnings per share**

  |

**0.94**

  |

0.98

  |

0.40

  |

**2.93**

  |

1.32

  |

  |

1     Attributable to the shareholders of the Company.

  |

_EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin_

Management believes that Adjusted EBITDA is a valuable indicator of its ability 
to generate liquidity by producing operating cash flows to fund working capital 
needs, service debt obligations and fund capital expenditures. EBITDA is defined
as earnings before interest, tax, depreciation and amortization. Adjusted EBITDA
is calculated as EBITDA less the impact of non-recurring items and significant recurring
non-cash items. Including impairment expenses and reversals, write-downs, gains/
losses on disposal of assets, listing costs, foreign exchange gains/losses and other
non-recurring costs. Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided
by revenue.

The following table provides a reconciliation of EBITDA, Adjusted EBITDA and Adjusted
EBITDA Margin:

  |

**$M**

  |

**Q3 2026**

  |

**Q2 2026**

  |

**Q3 2025**

  |

**YTD 2026**

  |

**YTD 2025**

  |  
 |

Net profit

  |

**203.8**

  |

228.7

  |

93.1

  |

**667.9**

  |

311.9

  |  
 |

Depreciation and amortization

  |

**95.0**

  |

86.7

  |

62.3

  |

**265.7**

  |

170.9

  |  
 |

Net interest (income) expense and finance costs

  |

**(1.3)**

  |

0.7

  |

1.0

  |

**(1.6)**

  |

4.3

  |  
 |

Income tax expense on earnings

  |

**72.6**

  |

82.9

  |

48.6

  |

**253.8**

  |

127.0

  |  
 |

**EBITDA**

  |

**370.1**

  |

399.0

  |

205.0

  |

**1,185.8**

  |

614.1

  |  
 |

Foreign exchange (gain) loss

  |

**7.9**

  |

(2.0)

  |

2.0

  |

**6.0**

  |

5.2

  |  
 |

NYSE listing and compliance costs

  |

**1.0**

  |

0.9

  |

1.6

  |

**2.9**

  |

1.6

  |  
 |

Restructuring / Other costs

  |

**—**

  |

—

  |

1.5

  |

**—**

  |

1.5

  |  
 |

Write-down of assets

  |

**3.8**

  |

0.1

  |

0.6

  |

**3.9**

  |

0.8

  |  
 |

**Adjusted EBITDA**

  |

**382.8**

  |

398.0

  |

210.7

  |

**1,198.6**

  |

623.2

  |  
 |

Revenue

  |

**654.9**

  |

647.3

  |

448.5

  |

**2,016.7**

  |

1,240.8

  |  
 |

**Adjusted EBITDA Margin**

  |

**58 %**

  |

61 %

  |

47 %

  |

**59 %**

  |

50 %

  |

_Cash Costs and AISC_

Cash Costs are a common financial performance measure in the gold mining industry;
however, it has no standard meaning under IFRS. Management uses this measure to 
monitor the performance of the Company’s mining operations and its ability to generate
positive cash flows, both on an individual site basis and an overall company basis.
Cash Costs include mine site operating costs plus indirect taxes and selling cost
net of by-product allocations and are then divided by ounces sold. In calculating
Cash Costs, the Company includes the value of cash-settled stock-based compensation
expense in the year of vesting. Cash Costs are reduced by copper and silver by-product
cost allocations that are considered incidental to the gold production process, 
thereby allowing Management and other stakeholders to assess the net costs of gold
production. The measure is not necessarily indicative of cash flow from operations
under IFRS or operating costs presented under IFRS.

Management believes that the AISC measure provides additional insight into the costs
of producing gold by capturing all of the expenditures required for the discovery,
development and sustaining of gold production and allows the Company to assess its
ability to support capital expenditures to sustain future production from the generation
of operating cash flows, both on an individual site basis and an overall company
basis, while maintaining current production levels. Management believes that, in
addition to conventional measures prepared in accordance with IFRS, certain investors
use this information to evaluate the Company’s performance and ability to generate
cash flow per ounce sold. AISC is calculated as the sum of Cash Costs, capital expenditures
and exploration costs that are sustaining in nature and corporate G&A costs. AISC
is divided by ounces sold to arrive at AISC per ounce.

 The following table provides a reconciliation of consolidated Cash Costs and AISC:

  |

**$M, except per oz amounts**

  |

**Q3 2026**

  |

**Q2 2026**

  |

**Q3 2025**

  |

**YTD 2026**

  |

**YTD 2025**

  |  
 |

Cost of sales, excl. depreciation and amortization

  |

**228.7**

  |

215.1

  |

208.4

  |

**670.6**

  |

532.4

  |  
 |

Indirect taxes

  |

**10.9**

  |

7.6

  |

7.3

  |

**27.5**

  |

17.7

  |  
 |

Selling costs

  |

**0.6**

  |

0.5

  |

4.8

  |

**4.8**

  |

10.2

  |  
 |

Non-cash stock-based compensation adjustments^(2)

  |

**(1.2)**

  |

7.4

  |

(6.5)

  |

**(2.8)**

  |

(17.0)

  |  
 |

By-product allocation

  |

**(57.3)**

  |

(45.7)

  |

(49.0)

  |

**(158.6)**

  |

(119.7)

  |  
 |

**Total Cash Costs (net) **

  |

**181.7**

  |

184.9

  |

165.0

  |

**541.5**

  |

423.6

  |  
 |

Sustaining capital and leases

  |

**36.1**

  |

51.1

  |

43.7

  |

**127.5**

  |

104.9

  |  
 |

Deferred stripping and capitalized mining

  |

**27.9**

  |

31.3

  |

53.7

  |

**105.1**

  |

158.0

  |  
 |

Corporate G&A^(3)

  |

**14.8**

  |

21.3

  |

6.7

  |

**56.0**

  |

32.2

  |  
 |

Onsite exploration and drilling

  |

**3.6**

  |

3.4

  |

1.9

  |

**10.2**

  |

4.1

  |  
 |

**Total AISC**

  |

**264.1**

  |

292.0

  |

271.0

  |

**840.3**

  |

722.8

  |  
 |

Gold sales (koz)

  |

**140.9**

  |

135.8

  |

116.2

  |

**412.1**

  |

352.1

  |  
 |

**Cash Costs ($/oz)**

  |

**1,290**

  |

1,362

  |

1,420

  |

**1,314**

  |

1,203

  |  
 |

**AISC ($/oz)****^(1)**

  |

**1,874**

  |

2,151

  |

2,333

  |

**2,038**

  |

2,052

  |

  |

1

  |

Excludes the Additional Government Share related to the FTAA at Didipio of $16.2 million, $9.7 million and $48.0 million for the third quarter, second quarter and year to date 2026, respectively, as it is considered in the nature of an income tax.

  |  
 |

2

  |

Non-cash stock based compensation adjustments reflect the inclusion of cash settled stock-based compensation in AISC over the year of vesting.

  |  
 |

3

  |

Corporate G&A included in AISC includes cash settled stock-based compensation of approximately $7.8 million per quarter in 2026 and $22.2 million year to date, compared with nominal amounts in the prior-year periods.

  |

The following tables provide a reconciliation of Cash Costs and AISC for each operation:

_Haile_

  |

**$M, except per oz amounts**

  |

**Q3 2026**

  |

**Q2 2026**

  |

**Q3 2025**

  |

**YTD 2026**

  |

**YTD 2025**

  |  
 |

**Cash costs of sales****^(1)**

  |

**103.8**

  |

95.1

  |

62.4

  |

**278.7**

  |

161.9

  |  
 |

By-product allocation

  |

**(1.7)**

  |

(1.7)

  |

(0.9)

  |

**(4.6)**

  |

(4.7)

  |  
 |

Inventory adjustments

  |

**(22.7)**

  |

(16.9)

  |

4.5

  |

**(34.2)**

  |

(1.3)

  |  
 |

Freight, treatment and refining charges

  |

**0.3**

  |

0.1

  |

0.2

  |

**0.6**

  |

0.6

  |  
 |

**Total Cash Costs (net)**

  |

**79.7**

  |

76.6

  |

66.2

  |

**240.5**

  |

156.5

  |  
 |

Sustaining capital and leases

  |

**22.7**

  |

26.3

  |

20.1

  |

**67.7**

  |

46.7

  |  
 |

Deferred stripping and capitalized mining

  |

**4.6**

  |

—

  |

29.4

  |

**25.8**

  |

93.8

  |  
 |

Onsite exploration and drilling

  |

**2.2**

  |

0.6

  |

0.2

  |

**3.7**

  |

1.1

  |  
 |

**Total AISC**

  |

**109.2**

  |

103.5

  |

115.9

  |

**337.7**

  |

298.1

  |  
 |

Gold sales (koz)

  |

**60.4**

  |

53.1

  |

33.4

  |

**160.8**

  |

140.1

  |  
 |

**Cash Costs ($/oz)**

  |

**1,321**

  |

1,442

  |

1,981

  |

**1,496**

  |

1,117

  |  
 |

**AISC ($/oz)**

  |

**1,811**

  |

1,953

  |

3,464

  |

**2,101**

  |

2,127

  |

  |

1     Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

  |

_Macraes_

  |

**$M, except per oz amounts**

  |

**Q3 2026**

  |

**Q2 2026**

  |

**Q3 2025**

  |

**YTD 2026**

  |

**YTD 2025**

  |  
 |

**Cash costs of sales****^(1)**

  |

**47.8**

  |

44.5

  |

40.9

  |

**137.4**

  |

123.4

  |  
 |

By-product allocation

  |

**(0.1)**

  |

(0.2)

  |

—

  |

**(0.4)**

  |

(0.1)

  |  
 |

Royalties

  |

**4.8**

  |

6.9

  |

2.8

  |

**18.4**

  |

6.1

  |  
 |

Inventory adjustments

  |

**2.7**

  |

5.2

  |

0.1

  |

**2.0**

  |

(1.6)

  |  
 |

Freight, treatment and refining charges

  |

**0.5**

  |

0.4

  |

0.2

  |

**1.5**

  |

0.7

  |  
 |

**Total Cash Costs (net)**

  |

**55.7**

  |

56.8

  |

44.0

  |

**158.9**

  |

128.5

  |  
 |

Sustaining capital and leases

  |

**8.3**

  |

11.5

  |

10.6

  |

**28.4**

  |

28.4

  |  
 |

Deferred stripping and capitalized mining

  |

**18.1**

  |

18.8

  |

16.3

  |

**52.7**

  |

42.8

  |  
 |

Onsite exploration and drilling

  |

**0.2**

  |

1.4

  |

0.2

  |

**2.8**

  |

0.9

  |  
 |

**Total AISC**

  |

**82.3**

  |

88.5

  |

71.1

  |

**242.8**

  |

200.6

  |  
 |

Gold sales (koz)

  |

**38.1**

  |

45.9

  |

32.7

  |

**131.9**

  |

91.2

  |  
 |

**Cash Costs** **($/oz)**

  |

**1,462**

  |

1,237

  |

1,345

  |

**1,205**

  |

1,408

  |  
 |

**AISC** **($/oz)**

  |

**2,155**

  |

1,932

  |

2,171

  |

**1,842**

  |

2,198

  |

  |

1     Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

  |

_Waihi _

  |

**$M, except per oz amounts**

  |

**Q3 2026**

  |

**Q2 2026**

  |

**Q3 2025**

  |

**YTD 2026**

  |

**YTD 2025**

  |  
 |

**Cash costs of sales****^(1)**

  |

**35.8**

  |

34.9

  |

30.9

  |

**104.9**

  |

88.4

  |  
 |

By-product allocation

  |

**(3.9)**

  |

(4.6)

  |

(3.1)

  |

**(14.8)**

  |

(7.8)

  |  
 |

Royalties

  |

**1.3**

  |

0.8

  |

0.8

  |

**4.9**

  |

1.9

  |  
 |

Inventory adjustments

  |

**1.2**

  |

6.0

  |

2.7

  |

**3.8**

  |

(1.0)

  |  
 |

Add: Freight, treatment and refining charges

  |

**0.1**

  |

—

  |

0.1

  |

**0.2**

  |

0.2

  |  
 |

**Total Cash Costs (net)**

  |

**34.5**

  |

37.1

  |

31.4

  |

**99.0**

  |

81.7

  |  
 |

Sustaining capital and leases

  |

**2.5**

  |

2.7

  |

2.8

  |

**10.1**

  |

9.3

  |  
 |

Deferred stripping and capitalized mining

  |

**4.3**

  |

5.7

  |

6.8

  |

**14.7**

  |

17.2

  |  
 |

Onsite exploration and drilling

  |

**0.6**

  |

0.9

  |

0.7

  |

**2.6**

  |

1.4

  |  
 |

**Total AISC**

  |

**41.9**

  |

46.4

  |

41.7

  |

**126.4**

  |

109.6

  |  
 |

Gold sales (koz)

  |

**19.1**

  |

16.4

  |

20.4

  |

**53.1**

  |

52.7

  |  
 |

**Cash Costs ($/oz)**

  |

**1,805**

  |

2,262

  |

1,539

  |

**1,864**

  |

1,551

  |  
 |

**AISC ($/oz)**

  |

**2,195**

  |

2,840

  |

2,039

  |

**2,381**

  |

2,080

  |

  |

1     Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

  |

_Didipio_

  |

**$M, except per oz amounts**

  |

**Q3 2026**

  |

**Q2 2026**

  |

**Q3 2025**

  |

**YTD 2026**

  |

**YTD 2025**

  |  
 |

**Cash costs of sales****^(1)**

  |

**49.9**

  |

39.4

  |

37.1

  |

**130.4**

  |

107.5

  |  
 |

By-product allocation

  |

**(51.6)**

  |

(39.2)

  |

(45.0)

  |

**(138.8)**

  |

(107.1)

  |  
 |

Royalties

  |

**3.0**

  |

2.5

  |

2.9

  |

**9.0**

  |

6.9

  |  
 |

Indirect taxes

  |

**8.2**

  |

7.4

  |

7.3

  |

**23.9**

  |

17.7

  |  
 |

Inventory adjustments

  |

**0.8**

  |

2.6

  |

15.2

  |

**11.2**

  |

19.0

  |  
 |

Freight, treatment and refining charges

  |

**1.5**

  |

1.7

  |

5.9

  |

**7.4**

  |

12.9

  |  
 |

**Total Cash Costs (net)**

  |

**11.8**

  |

14.4

  |

23.4

  |

**43.1**

  |

56.9

  |  
 |

Sustaining capital and leases

  |

**2.6**

  |

10.6

  |

10.8

  |

**21.3**

  |

20.5

  |  
 |

Deferred stripping and capitalized mining

  |

**0.9**

  |

6.8

  |

1.2

  |

**11.9**

  |

4.2

  |  
 |

G&A^(2)

  |

**0.2**

  |

0.2

  |

0.5

  |

**0.4**

  |

0.5

  |  
 |

Onsite exploration and drilling

  |

**0.3**

  |

0.3

  |

0.3

  |

**0.6**

  |

0.3

  |  
 |

**Total AISC**

  |

**15.8**

  |

32.3

  |

35.9

  |

**77.3**

  |

82.4

  |  
 |

Gold sales (koz)

  |

**23.3**

  |

20.4

  |

29.7

  |

**66.3**

  |

68.1

  |  
 |

**Cash Costs ($/oz)**

  |

**507**

  |

706

  |

787

  |

**650**

  |

835

  |  
 |

**AISC****^(1 )****($/oz)**

  |

**687**

  |

1,589

  |

1,213

  |

**1,173**

  |

1,214

  |

  |

1

  |

Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

  |  
 |

2

  |

Excludes the Additional Government Share of FTAA at Didipio of $16.2 million, $9.7 million and $48.0 million for the third quarter, second quarter, and year to date 2026, respectively, as it is considered in the nature of an income tax.

  |

_Net Cash/(Debt)_

Net Cash/(Debt) has been calculated as cash and cash equivalents less total debt.
Management believes this is a useful indicator to be used in conjunction with other
liquidity and leverage ratios to assess the Company’s financial health.

The following table provides a reconciliation of Net Cash/(Debt):

  |

**$M**

  |

**September** **30, 2026**

  |

**December** **31, 2025**

  |  
 |

Amounts drawn under the revolving credit facility

  |

**—**

  |

—

  |  
 |

**Total debt**

  |

**—**

  |

—

  |  
 |

Cash and cash equivalents

  |

**728.7**

  |

476.5

  |  
 |

**Net Cash**

  |

**728.7**

  |

476.5

  |

_Free Cash Flow _

Free Cash Flow is calculated as cash flows from operating activities, less cash 
flow used in investing activities. Management believes Free Cash Flow is a useful
indicator of the Company’s ability to generate cash flow and operate net of all 
expenditures, prior to any financing cash flows. The following table provides a 
reconciliation of Free Cash Flow:

  |

**$M**

  |

**Q3 2026**

  |

**Q2 2026**

  |

**Q3 2025**

  |

**YTD 2026**

  |

**YTD 2025**

  |  
 |

Cash flows provided by Operating Activities

  |

**324.5**

  |

313.6

  |

227.5

  |

**1,019.6**

  |

626.0

  |  
 |

Cash flows used in Investing Activities

  |

**(169.2)**

  |

(183.5)

  |

(133.1)

  |

**(479.0)**

  |

(342.7)

  |  
 |

**Free Cash Flow**

  |

**155.3**

  |

130.1

  |

94.4

  |

**540.6**

  |

283.3

  |

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**Read the original article :** [OceanaGold Reports Third Quarter 2026 Results ](https://www.prnasia.com/story/archive/5089277_AE89277_0?rand=184833)