OceanaGold Corporation

Good morning and afternoon, ladies and gentlemen, and welcome to the Oceana Gold Q4 and year-end 2023 webcast and conference call. At this time, note that all lines are in the listen-only mode. Following the presentation, we will conduct a question-and-answer session. And if at any time during this call you require immediate assistance, please press star zero for the operator. Also note that this call is being recorded on Thursday, February 22, 2024, at 10 a.m. Eastern Time. And I would like to turn the conference over to Rebecca Harris. Please go ahead.

Good morning and welcome to Oceana Gold's fourth quarter and year end 2023 results webcasting conference call. I'm Rebecca Harris, Director of Investor Relations. Today we are joined by Jared Bond, President and Chief Executive Officer Marius van Niekerk, Chief Financial Officer, David Mondano, Chief Operating Officer, Americas, Peter Sharp, Chief Operating Officer, Asia Pacific, and Craig Febrey, Chief Exploration Officer. Also present is Brian Martin, Senior Vice President, Business Development and Investor Relations. The presentation that we will be referencing during the conference call is available through the webcast and on our website. I would also like to remind everyone that our presentation will be followed by a Q&A session. As we will be making forward-looking statements during the call, please refer to the cautionary notes included in the presentation, news release, and MDNA, as well as the risk factors set out in our annual information form. All dollar amounts discussed on this conference call are in U.S. dollars. I will now turn the call over to Jared for opening remarks.

Thank you, Rebecca, and good morning, everyone. Thank you for joining the call. I'd like to start by recognising some of the 2023 highlights through the lens of the five pillars of our corporate strategy. 2023 was our third consecutive year of safely and responsibly delivering on consolidated production guidance. We know that meeting production guidance is a key expectation of the market, and I'm pleased that each of our operations delivered a strong fourth quarter result to get us solidly within the production guidance range. Our total recordable injury frequency rate was 4.4 per million hours worked. We remain committed to creating a safe workplace at Oceana Gold, and in support of this, in 2023, we commenced the rollout of our refreshed behavioural-based safety program and our new Stop and Think risk assessment tool across all sites. These programs empower our workforce to work safely and to mindfully identify risks before performing a task. The second pillar of our strategy relates to making sure we have the right culture. Pleasingly, the results of a new comprehensive survey of all our employees showed that we have a highly engaged workforce with a high intention to stay at Oceania Gold. We will work with the detailed results of this survey to identify where and how we can improve our culture even further in 2024. Yesterday, we also released our annual reserve and resource update, in which we declared an initial reserve at Palomino Underground at Hale and showed an increase in indicator resources at Ferra Kiriponga to over 1 million ounces at a world-class gold grade of 15.9 grams a tonne. Both the achievements at Palomino and Ferro Kiribonga, in addition to successful ongoing exploration at the Dipio, which we shared last year, demonstrate the upside potential of our asset base and our ability to add value to the drill bit. Craig Febrey will speak more about this later on. In 2023, we strengthened our balance sheet and increased returns to shareholders. We generated free cash flow of $42 million, which is after the significant investment in building Hale Underground and increased exploration spend. We've refinanced our debt facilities on improved terms and we returned to paying dividends to shareholders. We expect to continue to strengthen our financial position in 2024, both through the generation of more free cash flow and with the proceeds of the upcoming listing of 20% of Oceana Gold's Philippine Inc. Finally, with the move of our corporate office to Vancouver, we're now closer to and more engaged with our investor and analyst community. We increased the number of investor site visits and we upgraded our trading platform to provide better access for US investors to trade our shares. Our strong performance across the business in 2023 allowed us to meet all 2023 consolidated guidance numbers, both the original and revised, with the exception of the original all in sustaining costs guidance as a result of the impact of mill zone at hail, which we discussed last year. This successful delivery of guidance was powered by a strong fourth quarter, which was driven by high-grade ore coming from horseshoe underground at Hale, improved throughput from operational efficiencies at Macraes, and earlier than planned access into high-grade areas of the mine at the Dipio. This slide shows what's truly unique about Oceana Gold, being a strong rate of organic production growth and declining oil and sustaining cost over the next three years. We are well into a high organic growth phase and expect to produce approximately 13% more gold in 2024 than we did in 2023, with production growth of at least 30% over the next three years. This increase is driven largely by a transformation in the production profile and the cost profile at Hale, which takes shape in 2024. This exciting organic growth profile and declining levels of growth capital, which you see on the right-hand side of the slide, positions the company to generate strong free cash flow over coming years. I'll now turn the call over to Marius so he can discuss our 2023 financial results and 2024 guidance in more detail.