Cautionary Statements Regarding Forward-Looking Information. Certain statements in this Annual Report constitute “forward-looking information” within the meaning of applicable securities laws. Such forward-looking information includes, without limitation, statements with respect to the future financial and operating performance of the Company, its subsidiaries and affiliated companies, its mining projects, the future price of gold, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and resource estimates, costs of production, estimates of initial capital, sustaining capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of the development of new mines, costs and timing of future exploration, requirements for additional capital, governmental regulation of mining operations and exploration operations, timing and receipt of approvals, consents and permits under applicable mineral legislation, environmental risks, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases, or may be identified by statements to the effect that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. While the Company has based these statements on its expectations about future events as at the date that such information was prepared, the statements are not guarantees of the Company’s future performance and are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from the Company’s expectations include, among other factors, future prices of gold; general business, economic, competitive, political and social uncertainties; the actual results of current production, development and/or exploration activities; conclusions of economic evaluations and studies; fluctuations in the value of the United States dollar relative to the Canadian dollar, the Australian dollar or the New Zealand dollar; changes in project parameters as plans continue to be refined; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability or insurrection or war; labour force availability and turnover; delays in obtaining financing or governmental approvals or in the completion of development or construction activities or in the commencement of operations; as well as those factors discussed in the section entitled “Risk Factors” in Company’s Annual Information Form in respect of its year ending December 31, 2009 filed with Canadian securities regulatory authorities. Although the Company has attempted to identify important factors that may cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actual results, performances, achievements or events to not be as anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this Annual Report and, subject to applicable securities laws, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate. Also, many of the factors are beyond our control. As actual results and future events could differ materially from those anticipated in such statements and information, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements and information made herein are qualified by this cautionary statement. 02 06 08 12 14 15 17 20 42 44 52 76 77 Chairman and CEO’s Review Financial Analysis Assets at a Glance Operations Development Exploration Resources and Reserves Sustainability Our People Corporate Governance Financial Statements Shareholder Information Glossary Profile OceanaGold Corporation (OceanaGold) is a significant Pacific Rim gold producer listed on the Toronto, Australian and New Zealand Stock Exchanges. With three operating gold mines and a portfolio of assets located in New Zealand and the Philippines, the company is forecast to produce between 270,000 and 290,000 ounces of gold in 2010. Cover The ‘Haast Eagle’ sculpture by New Zealand artist, Mark Hill. The sculpture is part of OceanaGold’s ‘Heritage and Art Park’ at its Macraes operation in the Otago region of New Zealand’s South Island. OceanaGold has adopted United States dollars (USD) as its presentation currency. The financial statements are presented in USD and all numbers in this document are expressed in USD unless otherwise stated. previous page next page