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19 February 2021 OCEANAGOLD REPORTS FULL YEAR 2020 FINANCIAL RESULTS AND PROVIDES MULTI - YEAR OUTLOOK ( All financial figures in US Dollars unless otherwise stated ) ( BRISBANE ) OceanaGold Corporation ( TSX : OGC ) ( ASX : OGC ) ( the " Company " ) reports its full year financial and operational results for the year ended December 31 , 2020. This follows the release of the preliminary 2020 production and costs dated January 18 , 2021. Details of the consolidated financial statements and the Management Discussion and Analysis are available on the Company's website at www.oceanagold.com . Additionally , the Company is pleased to provide a multi - year outlook of its business including detailed 2021 guidance . The guidance and outlook exclude any contribution from the Didipio Gold - Copper Mine in the Philippines and the Company would provide a subsequent update to forecasts when the timing of a restart at Didipio is confirmed . The Company will host a webcast to discuss the results and outlook today and these details are provided below . ● OCEANAGOLD 2020 Financial and Operating Highlights Total Recordable Injury Frequency Rate ( " TRIFR " ) of 3.3 per million hours worked compared to 3.6 per million hours worked at the end of 2019 . ● MEDIA RELEASE ● ● ● Maintained MSCI ESG " A - rating " ; released an updated statement of position on climate change with a goal to achieve net zero operational greenhouse emissions by 2050 . Full year 2020 consolidated production was 301,675 ounces of gold including fourth quarter production of 99,155 gold ounces , a quarter on quarter increase of 57 % . Full year All - In Sustaining Costs ( " AISC " ) of $ 1,278 per ounce on sales of 310,531 ounces of gold . Fourth quarter AISC of $ 1,080 per gold ounce sold , a 36 % decrease quarter - on - quarter . Full year revenue of $ 500 million including fourth quarter revenue of $ 168 million . Full year and fourth quarter adjusted Earnings before Interest , Depreciation and Amortisation ( " EBITDA " ) ¹ of $ 165 million and $ 70 million , respectively . Fourth quarter adjusted net profit of $ 2 million compared to an adjusted net loss of $ 15 million in the previous quarter . Full year operating cash flow of $ 199 million , reflecting adjusted cash flow per share of $ 0.22 . New $ 250 million revolving credit facility with maturity date of December 31 , 2024 . Immediately available liquidity of $ 229 million , including $ 179 million of cash on hand . ¹ Adjusted EBITDA has been calculated as EBITDA excluding Didipio carrying costs , gain / ( loss ) on undesignated hedges and impairment charge . 1