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Objective Capital's Precious Metals, Diamonds & Gemstones

Objective Capital's Precious Metals, Diamonds & Gemstones
Investment Summit 2011
Ironmongers' Hall, City of London
6 April 2011
Speaker: Greg Kay, Intierra Resource Intelligence

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Global gold overview Global gold overview Presentation Transcript

  • PRECIOUS METALS,DIAMONDS & GEMSTONESINVESTMENT SUMMIT Global gold overview Greg Kay – Commercial Director, Intierra Resource IntelligenceIRONMONGERS’ HALL, CITY OF LONDON ● WEDNESDAY, 6 APR 2011www.ObjectiveCapitalConferences.com
  • Global Gold OverviewIntierraLive – Resource Intelligence Presented By: Greg Kay Confidential to Intierra Pty Ltd
  • Intierra • All figures are in US$
  • Current Reported Annual ProductionLargest gold mines in the world
  • Current Reported Annual ProductionMines producing more than 500koz a year
  • Current Reported Annual ProductionMines producing more than 100koz a year
  • Current Reported Annual ProductionTotal of mines that produced at least 10koz •~68M oz Gold produced (2010 fy) •@ US$1,300 an ounce •US$88.4 billion worth of gold. •Top 5 Regions: Australasia (17 Mozpa) Africa (16 Mozpa) South America (13 Mozpa) North America (12 Mozpa) Europe ( 9 Mozpa)
  • Mines due to commence productionSouth America South America is expected to add 4.7 Moz/year worth of new mines before 2016, 70 Moz of gold production over the life of those mines
  • Mines due to commence productionNorth America North America is expected to add 4.4 Moz/year worth of new mines before 2016, 99 Moz of gold production over the life of those mines
  • Mines due to commence productionAfrica Africa is expected to add 3.4 Moz/year worth of new mines before 2016, 46 Moz of gold production over the life of those mines
  • Mines due to commence productionEurope Europe is expected to add 2.6 Moz/year worth of new mines before 2016, 44 Moz of gold production over the life of those mines
  • Mines due to commence productionAustralasia Australasia is expected to add 1.6 Moz/year worth of new mines before 2016, 29 Moz of gold production over the life of those mines
  • Mines due to commence productionSouth East Asia South East Asia is expected to add 901 Koz/year worth of new mines before 2016, 14 Moz of gold production over the life of those mines
  • Mines due to commence productionAsia/Russia Asia/Russia are expected to add 515 Koz/year worth of new mines before 2016, 16 Moz of gold production over the life of those mines
  • The 8 largest new gold mines to comeonline in the near future: START Annual LOM Property Country Company YEAR Production ProductionNatalka Russia OJSC Polyus Gold 2014 1 Moz 24 MozCerro Casale Chile Barrick Gold Corporation 2014 840 Koz 17 MozPascua-Lama Chile Barrick Gold Corporation 2013 750 Koz 16 MozPebble United States Northern Dynasty Minerals Ltd. 2015 670 Koz 30 MozKerr-Sulphurets Canada Seabridge Gold Inc. 2015 640 Koz 19 Moz DominicanPueblo Viejo Republic Barrick Gold Corporation 2011 600 Koz 12 MozAngostura Colombia Greystar Resources Limited 2012 510 Koz 8 Moz
  • The largest companies to bring on newmines in the near future are: Reserves Major contributors Additional Koz pa involved LOM Total Barrick Gold Corporation 2,190 65 Moz 44 Moz OJSC Polyus Gold 1,000 41 Moz 24 Moz Goldcorp Inc. 980 13 Moz 13 Moz Randgold Resources Limited 963 15 Moz 13 Moz Ivanhoe Mines Ltd. 786 20 Moz 22 Moz Yamana Gold Inc. 705 12 Moz 8 Moz Kinross Gold Corporation 700 13 Moz 9 Moz Northern Dynasty Minerals Ltd. 673 30 Moz Xstrata plc 635 13 Moz Seabridge Gold Inc. 634 30 Moz 19 Moz
  • Over the next 4 years new mines will contributea further 16Moz per year of gold by 2014: Production Annual Life of Mine Commencing Production Reserves Production 2011 3 Moz 55 Moz 37.5 Moz 2012 3.3 Moz 33 Moz 50.5 Moz 2013 4.6 Moz 75 Moz 73 Moz 2014 4.6 Moz 107 Moz 80.5 Moz
  • Maiden Resource Estimates in 2010Americas Americas: 49 Moz of gold discovered in ore grading roughly 3.5 g/t
  • Maiden Resource Estimates in 2010Africa - Europe Africa - Europe: 14.4 Moz of gold discovered in ore grading roughly 1.7 g/t
  • Maiden Resource Estimates in 2010Australia - Asia Australia - Asia: 2.5 Moz of gold discovered in ore grading roughly 1.3 g/t
  • Resource Updates in 2010Americas Americas: Resource updates for existing deposits increases known gold resources by 120 Moz
  • Resource Updates in 2010Africa - Europe Africa - Europe: Resource updates for existing deposits increases known gold resources by 45 Moz
  • Resource Updates in 2010Australia - Asia Australia - Asia: Resource updates for existing deposits increases known gold resources by 44 Moz