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Category: Emerging Major
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Oceanagold Corp.
www: www.oceanagold.com     email: info@oceanagold.com

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Notes
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Symbol Data

Symbol Currency
OTCMKTS:OCANF USD
TSE:OGC CAD

Description

Oceanagold Corp. are a gold focused emerging major with four producing mines in New Zealand and Philippines, two mines in development in El Salvador and USA and exploration properties. Currently they produce roughly 550koz. of gold per year. They have approximately 13Moz. of gold in the reserves and resources category of which 10Moz. are in the measured and indicated category. They have a market capitalisation of ~$1546.27M which is a fall of roughly 28% over the last twelve months. As of 09/30/2017 they have ~$316M debt and ~$61.36M cash. They have 615M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 05/29/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $2,134.28M $1,546.27M 05/29/2017 $-588.01M
Total Assets: $1,954.50M $1,976.48M 09/30/2017 $21.98M
Total Liabilities: $586.98M $570.73M 09/30/2017 $-16.25M
Current Assets: $256.44M $241.79M 09/30/2017 $-14.65M
Current Liabilities: $249.26M $222.13M 09/30/2017 $-27.13M
Total Debt: $332.81M $316.04M 09/30/2017 $-16.77M
Cash: $71.16M $61.36M 09/30/2017 $-9.80M
Enterprise Value: $2,395.93M $1,800.95M 01/26/2027 $-594.98M
Cash Flow: $160.43M $169.90M never $9.47M
Cash Flow Multiple: 13.30 9.10 never -4.20
Net Debt to
Cash Flow Ratio:
1.63 1.50 never -0.13
Finance within 1 year: 05/29/2017 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/29/2017 0.00%
Misc 05/29/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 614,000,000 615,080,000 09/30/2017 1,080,000
Shares (FD): 628,000,000 628,000,000 05/29/2017 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 05/29/2017 n/a
Production (Gold Eq Oz.): (guess) 
550,000
(guess) 
550,000
05/29/2017 0
Production (Silver Eq Oz.): (guess) 
40,108,520
(guess) 
43,332,215
05/29/2017 3,223,694
Initial CapEx (Outstanding): n/a n/a 05/29/2017 n/a
Funding Option: n/a n/a 05/29/2017 n/a
Documentation: none PRODUCER 05/29/2017 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 05/29/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 5.00M 5.00M 05/29/2017 0.00M
Measured & Indicated: 10.00M 10.00M 05/29/2017 0.00M
Inferred: 3.00M 3.00M 05/29/2017 0.00M
Reserves & Resources: 13.00M 13.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 4.25M 4.25M 05/29/2017 0.00M
Measured & Indicated: 7.65M 7.65M 05/29/2017 0.00M
Inferred: 1.28M 1.28M 05/29/2017 0.00M
Reserves & Resources: 8.93M 8.93M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
550,000oz.
(guess) 
550,000oz.
05/29/2017 0oz.
Cash Cost: $450 $450 05/29/2017 $0.00
Extra Operating Cost: $400 $400 05/29/2017 $0.00
Average Grade: 1.20 g/t 1.20 g/t 05/29/2017 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 05/29/2017 0.00%
F
U
T
U
R
E
Proven & Probable: 11.00M 11.00M 05/29/2017 0.00M
Annual Production: 550,000oz. 550,000oz. 05/29/2017 0oz.
Cash Cost: $550 $550 05/29/2017 $0
Extra Operating Cost: $400 $400 05/29/2017 $0
SILVER 05/29/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 05/29/2017 0.00M
Measured & Indicated: n/a n/a 05/29/2017 0.00M
Inferred: n/a n/a 05/29/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 05/29/2017 0.00M
Measured & Indicated: n/a n/a 05/29/2017 0.00M
Inferred: n/a n/a 05/29/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/29/2017 $0.00
Extra Operating Cost: n/a n/a 05/29/2017 $0.00
Average Grade: n/a n/a 05/29/2017 n/a
Recovery Rate: n/a n/a 05/29/2017 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 05/29/2017 0.00M
Annual Production: n/a n/a 05/29/2017 n/a
Cash Cost: n/a n/a 05/29/2017 n/a
Extra Operating Cost: n/a n/a 05/29/2017 n/a

Property

Last Analysis Data  (05/29/2017)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production New Zealand Frasers 100% (guess) n/a Underground show
Producing underground mine.
Production New Zealand Macraes 100% n/a Open Pit show
Producing mine.
Production Reefton, New Zealand Reefton 100% n/a Open Pit show
Producing mine.
Production Northern Luzon, Philippines Didipio 100% n/a Both show
Producing open pit.
Development San Salvador, El Salvador El Dorado 100% 1 Open Pit show
1.7 million oz deposit (10 gpt). They have been trying to get a mining permit for several. They are currently in arbitration. We should find out in 2013.
Development Kershaw, South Karolina, USA Haile 100% 4,500 Open Pit show
Close to getting final permit and financing. Construction should begin in 2015.
Exploration Nsw, Australia Junction Reefs JV 18% n/a n/a n/a
Exploration New Zealand Sams Creek 100% n/a n/a n/a
Exploration Philippines Claveria 100% n/a n/a n/a
Exploration Philippines Manhulayan 100% n/a n/a n/a
Exploration Philippines Mayag 100% n/a n/a n/a
Exploration Philippines Paco 100% n/a n/a n/a
Exploration San Salvador, El Salvador Santa Rita 100% n/a n/a n/a
Exploration San Salvador, El Salvador Zamora 0% n/a n/a n/a
Exploration Nevada, USA Hog Ranch 0% n/a n/a n/a
Total Land Package Size (ha): 4,501  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production New Zealand Frasers 100% (guess) n/a Underground show
Producing underground mine.
Production New Zealand Macraes 100% n/a Open Pit show
Producing mine.
Production Reefton, New Zealand Reefton 100% n/a Open Pit show
Producing mine.
Production Northern Luzon, Philippines Didipio 100% n/a Both show
Producing open pit.
Development San Salvador, El Salvador El Dorado 100% 1 Open Pit show
1.7 million oz deposit (10 gpt). They have been trying to get a mining permit for several. They are currently in arbitration. We should find out in 2013.
Development Kershaw, South Karolina, USA Haile 100% 4,500 Open Pit show
Close to getting final permit and financing. Construction should begin in 2015.
Exploration Nsw, Australia Junction Reefs JV 18% n/a n/a n/a
Exploration New Zealand Sams Creek 100% n/a n/a n/a
Exploration Philippines Claveria 100% n/a n/a n/a
Exploration Philippines Manhulayan 100% n/a n/a n/a
Exploration Philippines Mayag 100% n/a n/a n/a
Exploration Philippines Paco 100% n/a n/a n/a
Exploration San Salvador, El Salvador Santa Rita 100% n/a n/a n/a
Exploration San Salvador, El Salvador Zamora 0% n/a n/a n/a
Exploration Nevada, USA Hog Ranch 0% n/a n/a n/a
Total Land Package Size (ha): 4,501  

Profitability (by resource)

Proven &
Probable
05/29/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 5.00M 5.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 29.31M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.25M 4.25M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 24.91M
Maximum Profit (Gold): $1,239.68M $1,312.87M n/a $73.19M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,239.68M $1,312.87M n/a $73.19M
Max Profit / Current MCap: 0.581 0.849 n/a 0.268
Max Profit Per Share (Gold): $1.97 $2.09 n/a $0.12
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.97 $2.09 n/a $0.12
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $502.18 $363.83 n/a $-138.35
FD Mkt. Cap / Silver Eq.: $6.89 $4.62 n/a $-2.27
FD Mkt. Cap / Per Metal
as % Spot Price:
39.64% 28.18% n/a -11.47%
Measured &
Indicated
05/29/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 10.00M 10.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 58.61M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 7.65M 7.65M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 44.84M
Maximum Profit (Gold): $2,231.43M $2,363.16M n/a $131.73M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,231.43M $2,363.16M n/a $131.73M
Max Profit / Current MCap: 1.046 1.528 n/a 0.483
Max Profit Per Share (Gold): $3.55 $3.76 n/a $0.21
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.55 $3.76 n/a $0.21
Total Free Profit Per Share: $0.00 $0.60 n/a $0.60
FD Mkt. Cap / Gold Eq.: $278.99 $202.13 n/a $-76.86
FD Mkt. Cap / Silver Eq.: $3.83 $2.57 n/a $-1.26
FD Mkt. Cap / Per Metal
as % Spot Price:
22.02% 15.65% n/a -6.37%

Reserves &
Resources
05/29/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 13.00M 13.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 76.20M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 8.93M 8.93M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 52.31M
Maximum Profit (Gold): $2,603.33M $2,757.02M n/a $153.69M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,603.33M $2,757.02M n/a $153.69M
Max Profit / Current MCap: 1.220 1.783 n/a 0.563
Max Profit Per Share (Gold): $4.15 $4.39 n/a $0.24
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $4.15 $4.39 n/a $0.24
Total Free Profit Per Share: $0.00 $1.23 n/a $1.23
FD Mkt. Cap / Gold Eq.: $239.13 $173.25 n/a $-65.88
FD Mkt. Cap / Silver Eq.: $3.28 $2.20 n/a $-1.08
FD Mkt. Cap / Per Metal
as % Spot Price:
18.88% 13.42% n/a -5.46%

Future Valuation (Cash Flow & Totals)

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