19 February 2019
OCEANAGOLD REPORTS FULL YEAR 2018 FINANCIALS
(All financial figures in US Dollars unless otherwise stated)
(MELBOURNE) OceanaGold Corporation (TSX: OGC / ASX: OGC) (the “Company”reported its full year 2018 financial and operational results for the year ended 31 December 2018. This follows the release of the Company’s operational results on 24 January 2019. Details of the consolidated financial statements and the Management Discussion and Analysis (“MD&A”
Key Highlights
• Generated approximately $121 million in Free Cash Flow in 2018. • Achieved annual revenue of $773 million. • Reported EBITDA of $364 million and adjusted net profit of $124 million (before unrealised gains or losses on undesignated hedges) for the full year. • Fourth quarter revenue of $183 million including EBITDA of $74 million and adjusted net profit of $17 million for the quarter. • Increased cash balance to $108 million, which excludes $55 million of marketable securities held as strategic investments. • Reduced net debt by 38% on the previous quarter to $69 million. • Subsequent to the year end, received the permit for the Martha Underground Project and Stage Four of the Martha Open Pit at Waihi with implementation plans underway. • Subsequent to the year end, the Board of Directors declared an ordinary semi-annual dividend of $0.01 per common share or CDI.
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