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Oceanagold Corp.

www: www.oceanagold.com   email: info@oceanagold.com
Category: Mid-tier Producer
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Symbol Data

Symbol Currency
OTCMKTS:OCANF USD
TSE:OGC CAD

Description

Oceanagold Corp. are a gold focused mid-tier producer with five producing mines in New Zealand, Philippines and USA, one mine in development in El Salvador and exploration properties. Currently they produce roughly 500koz. of gold per year. They have approximately 12Moz. of gold in the reserves and resources category of which 8.5Moz. are in the measured and indicated category. They have a market capitalisation of ~$1171.51M which is a fall of roughly 34% over the last eight months. As of 06/08/2019 they have ~$172M debt and ~$86M cash. They have 622M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 06/08/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $1,762.96M $1,171.51M 06/08/2019 $-591.44M
Total Assets: $2,017.00M $2,017.00M 06/08/2019 $0.00M
Total Liabilities: $449.00M $449.00M 06/08/2019 $0.00M
Current Assets: $248.00M $248.00M 06/08/2019 $0.00M
Current Liabilities: $186.00M $186.00M 06/08/2019 $0.00M
Total Debt: $172.00M $172.00M 06/08/2019 $0.00M
Cash: $86.00M $86.00M 06/08/2019 $0.00M
Enterprise Value: $1,848.96M $1,257.51M 11/06/2009 $-591.44M
Cash Flow: $49.00M $125.44M never $76.44M
Cash Flow Multiple: 35.98 9.34 never -26.64
Net Debt to
Cash Flow Ratio:		 1.76 0.69 never -1.07
Finance within 1 year: 06/08/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 06/08/2019 0.00%
Misc 06/08/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 622,000,000 622,000,000 06/08/2019 0
Shares (FD): 635,000,000 635,000,000 06/08/2019 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 06/08/2019 n/a
Production (Gold Eq Oz.): (guess) 
500,000		 (guess) 
500,000		 06/08/2019 0
Production (Silver Eq Oz.): (guess) 
44,756,179		 (guess) 
43,849,184		 06/08/2019 -906,995
Initial CapEx (Outstanding): n/a n/a 06/08/2019 n/a
Funding Option: n/a n/a 06/08/2019 n/a
Documentation: none PRODUCER 06/08/2019 n/a
Value Adjustment: 25% 25% never 0%

Resource Data

GOLD 06/08/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 5.50M 5.50M 06/08/2019 0.00M
Measured & Indicated: 8.50M 8.50M 06/08/2019 0.00M
Inferred: 3.50M 3.50M 06/08/2019 0.00M
Reserves & Resources: 12.00M 12.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 4.68M 4.68M 06/08/2019 0.00M
Measured & Indicated: 6.72M 6.72M 06/08/2019 0.00M
Inferred: 1.49M 1.49M 06/08/2019 0.00M
Reserves & Resources: 8.20M 8.20M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
500,000oz.		 (guess) 
500,000oz.		 06/08/2019 0oz.
Cash Cost: $800 $800 06/08/2019 $0.00
Extra Operating Cost: $400 $400 06/08/2019 $0.00
Average Grade: 1.20 g/t 1.20 g/t 06/08/2019 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 06/08/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: 10.00M 10.00M 06/08/2019 0.00M
Annual Production: 500,000oz. 500,000oz. 06/08/2019 0oz.
Cash Cost: $800 $800 06/08/2019 $0
Extra Operating Cost: $400 $400 06/08/2019 $0
SILVER 06/08/2019
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 06/08/2019 0.00M
Measured & Indicated: n/a n/a 06/08/2019 0.00M
Inferred: n/a n/a 06/08/2019 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 06/08/2019 0.00M
Measured & Indicated: n/a n/a 06/08/2019 0.00M
Inferred: n/a n/a 06/08/2019 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 06/08/2019 $0.00
Extra Operating Cost: n/a n/a 06/08/2019 $0.00
Average Grade: n/a n/a 06/08/2019 n/a
Recovery Rate: n/a n/a 06/08/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 06/08/2019 0.00M
Annual Production: n/a n/a 06/08/2019 n/a
Cash Cost: n/a n/a 06/08/2019 n/a
Extra Operating Cost: n/a n/a 06/08/2019 n/a

Property

Last Analysis Data  (06/08/2019)
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.
Production Kershaw, South Karolina, USA Haile 100% 4,500 Open Pit show
Close to getting final permit and financing. Construction should begin in 2015.
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.
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		 06/08/2019
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.): 5.50M 5.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -9.98M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 4.68M 4.68M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -8.48M
Maximum Profit (Gold): $572.69M $1,466.08M n/a $893.39M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $572.69M $1,466.08M n/a $893.39M
Max Profit / Current MCap: 0.325 1.251 n/a 0.927
Max Profit Per Share (Gold): $0.90 $2.31 n/a $1.41
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.90 $2.31 n/a $1.41
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $377.10 $250.59 n/a $-126.51
FD Mkt. Cap / Silver Eq.: $4.21 $2.86 n/a $-1.36
FD Mkt. Cap / Per Metal
as % Spot Price:		 28.14% 16.08% n/a -12.06%
Measured &
Indicated		 06/08/2019
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.): 8.50M 8.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -15.42M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 6.72M 6.72M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -12.18M
Maximum Profit (Gold): $822.59M $2,105.82M n/a $1,283.24M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $822.59M $2,105.82M n/a $1,283.24M
Max Profit / Current MCap: 0.467 1.798 n/a 1.331
Max Profit Per Share (Gold): $1.30 $3.32 n/a $2.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.30 $3.32 n/a $2.02
Total Free Profit Per Share: $0.00 $0.91 n/a $0.91
FD Mkt. Cap / Gold Eq.: $262.54 $174.46 n/a $-88.08
FD Mkt. Cap / Silver Eq.: $2.93 $1.99 n/a $-0.94
FD Mkt. Cap / Per Metal
as % Spot Price:		 19.59% 11.19% n/a -8.40%

Reserves &
Resources		 06/08/2019
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.): 12.00M 12.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -21.77M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 8.20M 8.20M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -14.88M
Maximum Profit (Gold): $1,004.81M $2,572.30M n/a $1,567.50M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,004.81M $2,572.30M n/a $1,567.50M
Max Profit / Current MCap: 0.570 2.196 n/a 1.626
Max Profit Per Share (Gold): $1.58 $4.05 n/a $2.47
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.58 $4.05 n/a $2.47
Total Free Profit Per Share: $0.00 $1.64 n/a $1.64
FD Mkt. Cap / Gold Eq.: $214.93 $142.82 n/a $-72.11
FD Mkt. Cap / Silver Eq.: $2.40 $1.63 n/a $-0.77
FD Mkt. Cap / Per Metal
as % Spot Price:		 16.04% 9.16% n/a -6.87%

Future Valuation (Cash Flow & Totals)

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