(All financial figures in US Dollars unless otherwise stated)

VANCOUVER, BC, Oct. 25, 2023 /CNW/ - OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") reported its operational and financial results for the three months ended September 30, 2023. The consolidated financial statements and the Management Discussion and Analysis ("MD&A") are available at www.oceanagold.com.

Gerard Bond, President and CEO of OceanaGold, said "The third quarter was always expected to be our lowest production quarter of 2023, though it was further impacted by isolated challenges in the final stage of the Mill Zone pit at Haile. However, strong performance at Didipio and Macraes keeps us on track to meet the low-end of our full-year consolidated production guidance range. We also achieved a number of exciting milestones across our business during the quarter: Haile produced its millionth ounce, first ore from the Haile Underground was mined, the ball mill at Macraes was comprehensively repaired and returned to full service, and some exciting exploration results were released at Didipio and Haile. We remain focused on safely and responsibly delivering on our consolidated full-year production guidance in the final quarter of the year and have laid the groundwork for a strong 2024 and beyond."

Third Quarter Highlights

12MMA total recordable injury frequency rate of 4.1 per million hours worked.
Consolidated production of 99,028 ounces of gold and 3,413 tonnes of copper.
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