OCEANAGOLD CORP - OCANF STOCK NEWS

OceanaGold (TSX: OGC) (OTCQX: OCANF) has announced that two of its projects in New Zealand have been included in the list of proposed projects under the government's Fast-track Approvals Bill. The Waihi North Project, which includes the WKP proposed underground mine, and the Macraes Phase 4 Project, a mine extension permit, are among the 149 Listed Projects eligible to apply for expedited approvals.

The Fast-track Approvals Bill, expected to be passed into law later this year, aims to streamline the approval process for regionally and nationally significant infrastructure and development projects. Gerard Bond, President & CEO of OceanaGold, welcomed the inclusion, stating that it would help preserve 1,000 existing jobs, create new employment opportunities, and deliver economic benefits to local communities and the country.

OceanaGold (TSX: OGC) (OTCQX: OCANF) has released impressive results from exploration and resource conversion drilling at the Haile Gold Mine in the United States. The company aims to delineate 2 million ounces underground at Haile by the end of 2024. Significant drill highlights include:

• 82.0 m @ 35.07 g/t Au at Ledbetter Phase 4
• 4.6 m @ 398.12 g/t Au at Ledbetter Phase 4
• 71.0 m @ 16.80 g/t Au at Ledbetter Phase 4
• 40.5 m @ 13.30 g/t Au at Horseshoe

The company is evaluating whether to mine the last phase of Ledbetter from underground. Drilling at Horseshoe Extension has intersected new mineralization near existing infrastructure. OceanaGold plans to define an initial resource estimate for Horseshoe Extension in Q1 2025.

OceanaGold (TSX: OGC) (OTCQX: OCANF) has reported a fatality at its Didipio Mine in the Philippines. A contractor sustained serious head injuries while attempting to remove a metal blockage from a jaw crusher in late July and subsequently passed away in hospital. This incident follows another recent fatality at the same mine.

In response, OceanaGold is taking immediate action to improve safety measures, including enhancing the OurSafe Behaviours program, increasing hazard identification training, and expanding in-field coaching. The company is also providing support to the family and colleagues of the deceased. Despite these tragic events, there has been no impact on production at the Didipio Mine.

OceanaGold (TSX: OGC, OTCQX: OCANF) has announced significant results from its ongoing exploration and resource conversion program at the Wharekirauponga (WKP) deposit in New Zealand.

Highlighted drill intercepts include:

• 9.9 g/t Au over 20.3m from 410.0m (WKP129A, conversion)
• 19.4 g/t Au over 7.1m from 398.0m (WKP129A, conversion)
• 34.5 g/t Au over 3.8m from 573.0m (WKP130A, extension)
• 12.8 g/t Au over 5.6m from 569.1m (WKP130, extension)

The EG Vein system has extended by 200 meters along the southern strike, demonstrating strong growth potential. A new drill site commissioned in March 2024 has enabled further testing for resource extensions. The 2024 exploration program will focus on resource growth from drill sites 8 and 9, with a pre-feasibility study expected by year-end.

OceanaGold (TSX: OGC) (OTCQX: OCANF) reported its Q2 2024 results, producing 98,200 ounces of gold and 2.8 kt of copper. The company expects to meet its full-year 2024 guidance, with production more than 60% weighted towards the second half. Key highlights include:

- Free Cash Flow of $31 million during the quarter
- Net Cash position of $30 million as of June 30, 2024
- Declaration of a $0.01 semi-annual dividend
- Initiation of a share buyback program

The company's investment in waste stripping at Haile and Macraes, along with Horseshoe Underground reaching full mining rates in July, positions OceanaGold for strong Free Cash Flow generation in H2 2024.

OceanaGold (TSX: OGC) (OTCQX: OCANF) has announced a share buyback program approved by the Toronto Stock Exchange. The company plans to repurchase up to 35.5 million common shares, representing approximately 5% of its outstanding shares and public float. The Normal Course Issuer Bid (NCIB) will be conducted over the next 12 months through the TSX or alternative Canadian trading systems. OceanaGold has also entered into an Automatic Share Purchase Plan (ASPP) with a designated broker to facilitate repurchases during blackout periods. The company's CEO, Gerard Bond, stated that this initiative aligns with their capital allocation framework, supported by expected free cash flow and strong metal prices.

OceanaGold (TSX: OGC, OTCQX: OCANF) announced its schedule for releasing operational and financial results for Q2 2024. The results will be disclosed on July 30th, 2024, after market close, and will be accessible on the company's website. A conference call/webcast to discuss these results will take place on July 31st, 2024, at 10:00 am ET. Registration details for the webcast and conference call are provided, and a recording will be available afterward on the company's website.

OceanaGold (TSX: OGC, OTCQX: OCANF) has finalized the sale of its interest in the Blackwater project in New Zealand. The deal, pending regulatory approvals and closing conditions, has been completed, resulting in OceanaGold receiving $30 million in cash. The transaction is expected to generate an after-tax accounting gain of $10 million in the second quarter of 2024.

OceanaGold (TSX: OGC, OTCQX: OCANF) has announced the tragic death of an employee at its Didipio Mine in the Philippines. The incident occurred on June 21, 2024, near the mine's paste plant, where the employee was found unresponsive and could not be revived. In response, OceanaGold has halted operations at the site for 24 hours to inform the workforce and initiate an investigation. Authorities and the employee's next of kin have been notified as the company offers support to the affected family and colleagues.