Hello, and welcome to the Annual General and Special Meeting of Shareholders of OceanaGold Corporation. During the meeting, we'll have a question and answer session. You can submit questions or comments at any time by clicking on the Q&A icon. It is now my pleasure to turn today's meeting over to Paul Benson, Chair of OceanaGold Corporation. Mr. Benson, the floor is yours. Thank you. Good morning, ladies and gentlemen. My name is Paul Benson, and as Chair of the Board of OceanaGold Corporation, I'd like to welcome you to today's Annual General and Special Meeting of Shareholders. In accordance with the articles of the company, I will act as chair for this meeting. Later on, I'll ask Ms. Liang Tang, Company Secretary, to take you through the voting process and formal business of the meeting. Please be advised that today's webcast is being recorded. Some of the statements made at this meeting may be considered forward-looking. We caution you that the results of future operations may differ from those anticipated. We urge you to review the cautionary statements and other information contained in our filings on SEDAR+, which identifies a number of factors that could cause actual results to differ materially from those mentioned in any forward-looking statements made at the meeting. As it is now past 9:00 AM Canadian Eastern Time and a quorum is present, I declare the meeting open. To begin, I'll introduce my fellow directors on the call today. Mr. Ian Reid joined the company in April 2018 and was Chair of the board between June 2019 and September 2021. Ian brings more than 30 years' experience in managing the successful growth and operations of major multinational companies. Ian chairs the Sustainability Committee and is a member of the Governance and Nominations Committee and the Audit and Risk Committee. Mr. Craig Nelsen joined the company in February 2019. Craig brings extensive exploration, management, and capital markets experience. He Chairs our Remuneration, People and Culture Committee and is a member of our Sustainability Committee and the Technical Committee. Ms. Sandra Dodds was appointed a non-exec director of the company in November 2020. She has over 25 years of operational and financial experience as an executive responsible for business strategy, operations, and performance across Australia, New Zealand, and Asia. Ms. Dodds is the Chair of the Audit and Risk Committee and is a member of the Remuneration, People and Culture Committee, as well as the Governance and Nominations Committee. Mr. Alan Pangbourne was appointed non-exec director in October 2022. Mr. Alan Pangbourne has over 35 years' experience in global mining operations. Alan is the Chair of the Technical Committee and is a member of the Audit and Risk Committee, as well as the Sustainability Committee. Ms. Linda Broughton was appointed Non-Executive Director in April 2023. Ms. Broughton is an experienced and highly successful mining executive with over 35 years of experience in both corporate and operational roles in a variety of environmental and mining-related fields through North and South America. Linda is a member of the Sustainability Committee, the Technical Committee, and the Remuneration, People and Culture Committee. Mr. Gerard Bond is the President and CEO of OceanaGold since April 2022. Mr. Bond is a seasoned mining executive with extensive background in corporate finance, mergers and acquisitions, treasury and human resources, and has held numerous senior executive roles in gold, nickel, and aluminum sectors across North America, Europe, and Australia. Finally, I'd like to welcome our newest member to the board, Ms. Stefanie Loader, who was appointed in February 2025. Stefanie is a highly accomplished geologist and mining executive with a track record in successful mining operations, mineral exploration, and project development. Her appointment brings tremendous value to our board and to our shareholders. For today's meeting, all of our current Directors of OceanaGold will be seeking election or re-election to the board. Also on the call today are members of our Executive Leadership Team, including Marius van Niekerk, Chief Financial Officer, and Liang Tang, General Counsel and Company Secretary, as well as Eric Talbot, signing partner of OceanaGold's annual financial statements from our auditor, PricewaterhouseCoopers LLP. I'll now pass the floor to Ms. Tang to take you through the voting process. Thank you, Mr. Chair, and good morning, everyone. For governance purposes, particularly considering the various locations from which attendees are joining us and as provided for in the company's articles, I would like to advise that voting on all matters will be conducted by electronic ballot. Registered shareholders and duly appointed proxy holders who have properly logged in with their control numbers or username will be able to vote. When you are invited to vote, click on the option to vote on the Computershare Virtual Interface, and you can register your vote for each item of business. If you are a registered shareholder or a duly appointed proxy holder and have already voted by submitting your proxy form in advance of the meeting, it is not necessary for you to vote again today. Today, we'll be using the Computershare Virtual Interface to allow attendees to view the webcast, submit questions, and for registered shareholders and proxy holders who have not already voted to cast votes on items of business. Pressing the Q&A icon will open the messaging facility. From here, you can send in questions and comments. Please note that due to the time available, we may not address all questions sent through. When we arrive at the formal business of the meeting, the chair will call for a poll to be opened on all items. For the registered shareholders and proxy holders, the resolutions will appear on the Computershare Virtual Interface along with for and without or for and against voting options, depending on the resolution. Simply select one of those options to cast your vote. You can change your vote as many times as you wish up until the close of the polls. When voting is closed, the final voting selection entered into your app will be recorded. These votes will be added to proxy votes received prior to the meeting. The results of the meeting will be tabulated and publicly announced after the conclusion of the meeting. If you are logged in with Computershare, you can switch between screens of the presentation, voting resolutions, and messages and questions from attendees. If there is a pertinent question from the shareholders through the Computershare dashboard, I will voice this at the meeting at the appropriate time. We will now move to open the meeting, and I will turn the meeting back to the Chair, Mr. Benson. Thank you. I've requested Ms. Tang, Company Secretary, to serve as recording secretary for the meeting. Jenny Karim of Computershare Investor Services, the registrar and transfer agent of the company, is present and will act as scrutineer for the meeting. As noted, our attendance records indicate that the required quorum is present. Computershare has provided a declaration that the notice calling this meeting of shareholders and a proxy form or voting instruction forms were mailed on April 30th, 2025 to all shareholders on the record as of April 23rd, 2025, and the other meeting materials, including the management information circular, were made available to shareholders per the notice and access provisions under applicable securities laws. Notice having been properly given and a quorum being present, I now declare the meeting to be regularly called and properly constituted for the transaction of business. Unless there is an objection, I will dispense with reading of the notice of meeting. As specified in the notice of meeting, the items of business for the meeting are receiving the financial statements of the company, the re-election of eight directors of the company, the appointment of PricewaterhouseCoopers as auditor of the company, the approval of a non-binding advisory resolution regarding executive compensation, the approval to hold the next annual general meeting of shareholders exclusively in a virtual-only format, the approval to effect a share consolidation of all issued and outstanding common shares of the company on a consolidation ratio of three pre-consolidation common shares for one post-consolidation common share, and the approval of amendments to the company's articles. All resolutions, with the exception of the share consolidation and amendments to the articles, are approved by a simple majority of votes cast, either in person or by proxy. Approval of the share consolidation and amendments to the articles require a special majority of 2/3 of votes cast, either in person or by proxy. In order to ensure this meeting covers the required business in an efficient manner, I will move all motions that are identified in the notice of meeting and will dispense with the seconding of such motions. This procedure is merely a way to expedite proceedings. We'll first consider the financial statements of the company for the fiscal year ended December 31, 2024, and the auditor's report. Copies of the financial statements and the auditor's report have been made available to shareholders as requested. They have also been filed on the company's SEDAR+ profile. This is an item for discussion and does not require a vote. Are there any questions? If there is no discussion, I'll now declare that the OceanaGold's audited consolidated financial statements for the fiscal year ended December 31, 2024, and the accompanying auditor's report have been received by shareholders as submitted to this meeting. We will now open the voting on all resolutions specified in the AGM notice of meeting and management information circular. You can only vote for or withhold on the first two resolutions. The app will now display the resolutions and your voting options. Voting will remain open during the discussion of the resolutions. I'll also provide you with notice that the polls are about to close. I will ask Ms. Tang to take you through the relevant resolutions. Thank you. The first item of business is to consider, and if thought fit, pass the following eight items as ordinary resolutions to elect or re-elect the directors. The board has set the number of directors at eight. Details of the persons seeking election or re-election are set out in the management information circular. I hereby propose the following eight motions to nominate the proposed directors whose names appear in the meeting materials to be re-elected or elected as directors to hold office until the next annual meeting of shareholders. Item one, that Mr. Paul Benson to be re-elected as a Director. Item two, that Mr. Ian Reid be re-elected as a Director. Item three, that Mr. Craig Nelsen be re-elected as a Director. Item four, that Ms. Sandra Dodds be re-elected as a Director. Item five, that Mr. Alan Pangbourne be re-elected as a Director. Item six, that Ms. Linda Broughton be re-elected as Director. Item seven, that Ms. Stefanie Loader to be elected as a Director. Item eight, that Mr. Gerard Bond be re-elected as a Director. Are there any questions in relation to the resolutions? These eight nominees are the only persons who have been nominated to stand for election or re-election as company directors in accordance with the procedures set forth in the advanced notice policy of the company. Accordingly, no further nominations will be accepted, and I declare the nominations closed. Because a poll has been demanded, I now direct that we proceed to take a vote by ballot. Please vote now. We now move on to Resolution two. The next item of business is to consider, and if thought fit, pass the following resolution as an ordinary resolution, and I hereby propose that the following resolution be approved and adopted. To appoint PricewaterhouseCoopers LLP as auditor of the company for the ensuing year, and to authorize the directors to fix their remuneration. Are there any questions in relation to the resolution? As there is no discussion because a poll has been demanded, I now direct that we proceed to take the vote by ballot. Please vote now. We now move to the third resolution. You can only vote for or against on this resolution. This item of business is to consider, and if thought fit, pass the following resolution as an ordinary resolution, and I hereby propose that the following resolution be approved and adopted. Be it resolved on an advisory basis and not to diminish the role and responsibilities of the board of directors that the shareholders accept the approach to executive compensation, as more particularly described in the company's management information circular. Are there any questions in relation to the resolution? If not, please vote now. We now move to the fourth resolution. The fourth resolution relates to approval of holding the company's AGM in 2026 exclusively in a virtual-only format. You can only vote for or against on this resolution. This item of business is to consider, and if thought fit, pass the following as an ordinary resolution. To approve the company holding the next AGM in 2026 exclusively in a virtual-only format. Are there any questions in relation to this resolution? If not, please vote now. We now move on to Resolution five. The next resolution relates to the share consolidation. You can only vote for or against on this resolution. The resolution requires approval by at least 2/3 of the votes cast by shareholders present in person or by proxy at the meeting. This item of business is to consider, and if thought fit, pass the following resolution as a special resolution. To approve the share consolidation of all issued and outstanding common shares of the company on a consolidation ratio of three pre-consolidation common shares for one post-consolidation common share, as more particularly disclosed in the company's management information circular. Are there any questions in relation to the resolution? If not, please vote now. We now move to the final resolution. You can only vote for or against on this resolution, and the resolution requires approval by at least two-thirds of the votes cast by shareholders present in person or by proxy at the meeting. This item of business is to consider, and if thought fit, pass the following as a special resolution. Be it resolved the articles of the company be replaced in their entirety with the form of the amended and restated articles set out in the amended and restated Schedule B to the company's management information circular. Are there any questions? As there's no further discussion, I will close the poll on the final resolution in 30 seconds. Ladies and gentlemen, I now declare the polls closed, and we are pleased to announce that management holds sufficient proxy votes in favor of each of the above resolutions. Accordingly, all resolutions have been passed. Detailed results of the meeting will be announced by the company on SEDAR+ and by press release later today. I'd like to take this opportunity to thank all shareholders for your continued support of the company. Thank you once again for attending the meeting. I now declare this Annual General and Special Meeting closed. I will now invite Mr. Gerard Bond, President and CEO, to provide an update on the company. Thank you, Paul. Hello to all shareholders listening in, and thank you for joining us today. Though this meeting is about 2024, I will be making forward-looking statements during this presentation. Please refer to these cautionary notes as well as the risk factors set out in our 2024 Annual Information Form. 2024 was a good year in many respects for OceanaGold. We delivered strong operational and financial performance, all aligned with our overarching goal, which is to increase and sustain a higher value for OceanaGold shares. Let's look at our 2024 achievements through the lens of our five strategic pillars. First, from a production perspective, we responsibly produced over 488,000 oz of gold, a slight increase in production from the prior year, in line with our updated guidance. Haile was a standout, ramping up the Horseshoe Underground and accessing high-grade open pit ore. We closed the year with record quarterly production in Q4 at an all-in sustaining cost that was very low. Waihi saw significant improvement throughout the year and saw its best quarterly production in three years in the fourth quarter. Macraes achieved a record annual mill throughput without any major capital investment, reflecting the strong technical capabilities of the team there. Didipio faced some operational challenges with weather, mine plan changes, and the effect of two fatalities, but the team responded to each of these very well, and Didipio is once again well-positioned for long-term success. Operating safely and responsibly is a foundational imperative for us, so we were devastated to have had two unrelated fatal accidents at Didipio during the year. The first fatalities in many, many years. We responded to this by developing and commencing the implementation of a comprehensive safety improvement plan across all of our sites, focused on enhancing our core safety programs, increasing the understanding of the risks of stored energy, and improving the level of in-field leadership. More broadly, we were again rated AA and a leader in sustainability by MSCI. Our 2024 Sustainability Report, which was released last month, highlights our achievements and ongoing commitment to workforce safety, environmental stewardship, and community engagement. Our second pillar is about culture. Culture really matters, as the results of the company are delivered by its people. To be a company where people want to work requires our people to feel valued, respected, and empowered to contribute their skills, experiences, and perspectives. I was pleased this year to see that our employee engagement score increased significantly to a score of 80%, assisted by a number of company-wide programs. This outcome demonstrates that our people feel a strong level of connection to and satisfaction with working at OceanaGold, and it is this engagement that helped deliver our strong performance in 2024 and underpins our confidence in our team continuing to deliver in the years ahead. In 2024, we received over 350 nominations for our Living Our Values Awards program, an internal program which recognizes and celebrates our employees who exemplify our values of care, respect, integrity, performance, and teamwork. We are extremely proud of our cohort of winners and all of those who were nominated. From a growth perspective, our third pillar, I'm pleased by the progress we made in the year on our near mine organic growth opportunities. Mineral reserves increased by 27% to a record 6,200,000 oz, and measured and indicated mineral resources increased by 8% to 8,900,000 oz, both net of mining depletion. At Wharekirauponga, we announced initial reserves of 1,200,000 oz and increased indicated resources to 1,400,000 oz, while also readying for the fast-track approval process. We released promising drill results at Haile, Didipio, and Waihi, including Wharekirauponga, where ongoing drilling continues to present a significant opportunity for future growth. I'm delighted with our performance on our fourth pillar, financial strength and returns. Our strong production performance, supported by a rise in average gold price and the ability to convert most of that higher price to the bottom line, generated a record $245 million of annual free cash flow in 2024 and record net profit of $192 million. To be clear, that is real free cash flow, all operating cash flow minus all investing cash flow. That is, this strong free cash flow was generated after funding our exciting organic growth opportunities. In line with our disciplined capital allocation framework, we used this cash to strengthen our balance sheet by repaying in full our revolving credit facility, and we ended the year with a net cash position of $192 million. We delivered shareholder returns via our dividend, and we announced a new share buyback program in the year and were active on it, repurchasing $24 million of shares in 2024. I look forward to another year of strong financial performance, supported by operational delivery and record gold prices. Year to date 2025, we've continued to deliver on our commitment of enhancing shareholder value, announcing earlier this year that we have doubled our annual dividend and we have a board-approved $100 million share buyback program for 2024. Finally, from a market rating perspective, we strengthened our market presence through consistent and broad investor engagement. We had a site visit at Haile, and we had a successful investor day. We also completed the successful IPO of OceanaGold Philippines, reinforcing our commitment to that region. All these efforts increased our P/NAV multiple relative to our peer average over the course of the year. Looking ahead, OceanaGold has an exciting and differentiated organic growth plan. We are in a high growth phase and expect production growth rate of around 20% from 2024- 2026. This year's activities are laying the groundwork. Haile and Macraes will progress waste stripping to unlock high-grade ore by the fourth quarter of this year. Didipio is expected to increase underground mining rates over the next 18 months. Waihi's 2025 higher production guidance reflects our confidence in sustaining the improved mining performance there. Our activities and investments in 2025 underpin our expectations of growth in production and improved all-in sustaining costs in 2026. In addition to our existing development plans, we are continuing in 2025 with an exciting exploration pipeline. At Wharekirauponga, we have been continuing to drill to extend the existing resource, which remains open in all directions and is our highest-value exploration opportunity. At Haile, we announced the exciting Perseus discovery in February, and we are very optimistic about its size potential as it remains open in multiple directions. In fact, 2025 will see our largest exploration investment in years, and I look forward to sharing these results from that program as they come in. In summary, we are pleased with our 2024 accomplishments and remain committed to our goal of safely and responsibly delivering on our 2025 guidance. We have a strong debt-free balance sheet and plenty of cash. We have no gold hedges. We have no gold prepays, and this allows us to benefit from higher gold prices. We have been able to internally fund our growth projects and exploration, declare a quarterly dividend, add cash to the balance sheet, and continue our share purchases. Looking ahead, we expect 2025 to be another year of significant free cash flow generation, and we remain focused on safely driving growth and shareholder value. Thank you for joining us today and for your continued support. I will now open up the line to take any questions from shareholders. As there are no questions, this is the end of the presentation, and I'll now turn the call back to the operator. Thank you. This concludes the meeting. Thank you once again for your attendance. You may now disconnect. We are clear from the call.
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