The document discusses forward-looking statements and disclaimers around Lundin Gold's project. It provides an overview of Lundin Gold's capital structure, management team experience, the Fruta del Norte project in Ecuador, and recent project updates. Key points include Lundin Gold's experienced management team, the large, high-grade nature of the Fruta del Norte gold deposit, plans for average annual production of 325,000 ounces over a 15-year mine life, and that construction is underway with first gold production expected in Q4 2019.
The document provides disclaimers and forward-looking statements regarding Lundin Gold's Fruta del Norte gold project in Ecuador. It summarizes that Fruta del Norte is a large, high-grade gold deposit within a major mineralized trend. Construction is underway and first gold production is expected in Q4 2019. The project has attractive economics with low costs and financing in place.
Lundin Gold Corporate Presentation, December 2017lundingold
The document provides disclaimers and forward-looking statements regarding Lundin Gold's Fruta del Norte gold project in Ecuador. It notes that forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ from expectations. The technical information is based on a 2016 technical report and was reviewed by qualified persons. The document also provides important information for US investors regarding the use of certain mineral resource terms.
The document provides an overview of Lundin Gold Inc., including forward-looking statements and disclaimers. It summarizes Lundin Gold's Fruta del Norte gold project in Ecuador, which is expected to begin production in late 2019. The project has over 4 million ounces of gold reserves and is projected to produce over 300,000 ounces annually at attractive costs. Lundin Gold also discusses the project's status, financing package, management team, and commitments to sustainability.
BMO Capital Markets 26th Global Metals & Mining ConferencePretiumR
- Pretium Resources is advancing construction of its high-grade Brucejack gold mine in northern British Columbia, with commissioning targeted for early 2017.
- Brucejack hosts high-grade gold reserves of 15.6 million tonnes grading 16.1 g/t gold for 8.1 million ounces of gold.
- Construction is nearing completion, with over 130,000 tonnes of ore stockpiled and underground development advancing. Commissioning of the process plant is scheduled for April 2017.
- Brucejack is expected to produce an average of 404,000 ounces of gold per year over its 18-year mine life.
Ramping Up Brucejack Mine - Presented at the AFund Natural Resource Symposium...PretiumR
Pretium Resources is ramping up production at its high-grade Brucejack gold mine in British Columbia, Canada. The mine achieved commercial production rates in July 2017 and produced over 82,000 ounces of gold in the third quarter. Pretium aims to optimize operations and achieve steady-state production by the end of 2017. Exploration is also underway to expand reserves near Brucejack and in the surrounding region.
1. Pretium Resources is advancing the high-grade Brucejack gold project located in northern British Columbia, Canada.
2. Construction is advancing at the Brucejack project, with the mill building nearing completion and underground infrastructure being developed.
3. The Brucejack project has high-grade gold reserves in the Valley of Kings and West Zone deposits totaling 15.6 million tonnes grading 16.1 g/t gold containing 8.1 million ounces of gold.
Vancouver Investment Resource Conference 2017NOVAGOLD
This document discusses gold and the gold mining industry. It notes that gold has been a store of value for over 5,000 years and has outperformed other currencies and commodities over the long term. It also discusses that global gold production is expected to peak in the near future as major mines are depleted and new discoveries are not large enough to replace declining production. The document cautions that a steep production cliff is approaching for the gold mining industry as current production rates are not sustainable long term.
2016 Annual General Meeting of ShareholdersNOVAGOLD
This document summarizes the 2016 Annual General Meeting of Shareholders for NovaGold Resources Inc. It provides an agenda for the meeting including remarks from the Vice President & CFO, President & CEO, and Chairman. It also contains cautionary statements regarding forward-looking information and scientific and technical data. The document discusses NovaGold's projects including Donlin Gold in Alaska and Galore Creek in British Columbia and highlights their scale, quality and location in top-rated mining jurisdictions. It outlines NovaGold's achievements in 2015 including permitting progress for Donlin Gold and mine planning for Galore Creek. Goals for 2016 include further advancing Donlin Gold permitting toward a construction decision.
The document provides disclaimers and forward-looking statements regarding Lundin Gold's Fruta del Norte gold project in Ecuador. It summarizes that Fruta del Norte is a large, high-grade gold deposit within a major mineralized trend. Construction is underway and first gold production is expected in Q4 2019. The project has attractive economics with low costs and financing in place.
Lundin Gold Corporate Presentation, December 2017lundingold
The document provides disclaimers and forward-looking statements regarding Lundin Gold's Fruta del Norte gold project in Ecuador. It notes that forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ from expectations. The technical information is based on a 2016 technical report and was reviewed by qualified persons. The document also provides important information for US investors regarding the use of certain mineral resource terms.
The document provides an overview of Lundin Gold Inc., including forward-looking statements and disclaimers. It summarizes Lundin Gold's Fruta del Norte gold project in Ecuador, which is expected to begin production in late 2019. The project has over 4 million ounces of gold reserves and is projected to produce over 300,000 ounces annually at attractive costs. Lundin Gold also discusses the project's status, financing package, management team, and commitments to sustainability.
BMO Capital Markets 26th Global Metals & Mining ConferencePretiumR
- Pretium Resources is advancing construction of its high-grade Brucejack gold mine in northern British Columbia, with commissioning targeted for early 2017.
- Brucejack hosts high-grade gold reserves of 15.6 million tonnes grading 16.1 g/t gold for 8.1 million ounces of gold.
- Construction is nearing completion, with over 130,000 tonnes of ore stockpiled and underground development advancing. Commissioning of the process plant is scheduled for April 2017.
- Brucejack is expected to produce an average of 404,000 ounces of gold per year over its 18-year mine life.
Ramping Up Brucejack Mine - Presented at the AFund Natural Resource Symposium...PretiumR
Pretium Resources is ramping up production at its high-grade Brucejack gold mine in British Columbia, Canada. The mine achieved commercial production rates in July 2017 and produced over 82,000 ounces of gold in the third quarter. Pretium aims to optimize operations and achieve steady-state production by the end of 2017. Exploration is also underway to expand reserves near Brucejack and in the surrounding region.
1. Pretium Resources is advancing the high-grade Brucejack gold project located in northern British Columbia, Canada.
2. Construction is advancing at the Brucejack project, with the mill building nearing completion and underground infrastructure being developed.
3. The Brucejack project has high-grade gold reserves in the Valley of Kings and West Zone deposits totaling 15.6 million tonnes grading 16.1 g/t gold containing 8.1 million ounces of gold.
Vancouver Investment Resource Conference 2017NOVAGOLD
This document discusses gold and the gold mining industry. It notes that gold has been a store of value for over 5,000 years and has outperformed other currencies and commodities over the long term. It also discusses that global gold production is expected to peak in the near future as major mines are depleted and new discoveries are not large enough to replace declining production. The document cautions that a steep production cliff is approaching for the gold mining industry as current production rates are not sustainable long term.
2016 Annual General Meeting of ShareholdersNOVAGOLD
This document summarizes the 2016 Annual General Meeting of Shareholders for NovaGold Resources Inc. It provides an agenda for the meeting including remarks from the Vice President & CFO, President & CEO, and Chairman. It also contains cautionary statements regarding forward-looking information and scientific and technical data. The document discusses NovaGold's projects including Donlin Gold in Alaska and Galore Creek in British Columbia and highlights their scale, quality and location in top-rated mining jurisdictions. It outlines NovaGold's achievements in 2015 including permitting progress for Donlin Gold and mine planning for Galore Creek. Goals for 2016 include further advancing Donlin Gold permitting toward a construction decision.
New gold presentation november 2017v finalnewgold2011
The corporate presentation provides cautionary statements regarding forward-looking information in the document. It notes that all dollar amounts are in US dollars unless otherwise stated, and that the presentation contains forward-looking statements regarding New Gold's future performance, including expectations for production, costs, and development activities. It cautions that these forward-looking statements are based on a number of assumptions and are subject to various risks and uncertainties, such that actual results could differ materially from expectations.
Kirkland Lake Gold is a gold producer with operations in Canada and Australia. It is targeting extensive organic growth through continued exploration success and reserve growth at its Fosterville mine in Australia and Macassa mine in Canada. Kirkland Lake Gold has reported significant exploration successes recently that have doubled reserves at Fosterville and increased reserves by 37% at Macassa. The company is also generating substantial free cash flow and has a strong balance sheet, positioning it to invest capital for further value creation.
Stornoway Diamond Corporation is building Quebec's first diamond mine, the Renard Diamond Project. The mine is fully permitted and fully financed, with construction on budget and on schedule. The Renard mine is expected to begin production in 2H 2016 and will be an open pit and underground operation with an estimated 11 year mine life based on current reserves. The resource is still being explored and has potential to significantly extend the mine life. Stornoway will be a significant new diamond producer once the Renard mine begins commercial production.
The document provides information on forward-looking statements and disclaimers related to Lundin Gold's Fruta del Norte gold project in Ecuador. It notes that forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially. The technical information is based on a 2016 technical report and was reviewed by qualified persons. Unless otherwise indicated, all dollar values are in US dollars.
- The corporate presentation provides an overview of Lundin Gold's Fruta del Norte gold mine in Ecuador, which began commercial production in late 2019.
- The mine is expected to produce an average of 325,000 ounces of gold per year with an all-in sustaining cost of $621 per ounce and generate significant free cash flow in the coming years.
- Lundin Gold aims to be a catalyst for sustainable development in Ecuador by focusing on local employment, procurement, and economic diversification in the surrounding communities.
This corporate presentation from Solaris Resources provides an overview of the company's copper and gold portfolio in the Americas. Solaris' flagship project is the high-grade Warintza copper project in Ecuador, which has an open pit resource within a large area with potential for further discoveries. The company is also exploring earlier stage copper and gold projects in Chile and Peru for additional discovery potential. Solaris' exploration programs are designed by David Lowell and led by Jorge Fierro to leverage drilling for resource growth and new discoveries. The company is well funded with $47 million in cash and support from strategic partners and insiders.
The document summarizes information about Pretium Resources Inc.'s Brucejack gold project in British Columbia, Canada. Key points include:
- Brucejack is a high-grade underground gold mine that is fully funded and permitted, with construction underway and commercial production targeted for 2017.
- It has high-grade gold reserves of 6.9 million ounces in the Valley of the Kings zone. The mine life is estimated at 18 years with an average annual production of 504,000 ounces in the first eight years.
- The project has robust economics with an after-tax NPV of $1.55 billion and IRR of 27.4% at a $1,100/oz gold price. The project
The document discusses a high-grade gold deposit in Northern Ireland. It summarizes the geology of the large, high-grade vein system which remains open in all directions. It also provides details on the engineering studies conducted, including a capital expenditure of US$192 million and an after-tax internal rate of return of 24%. Finally, it outlines the resources and reserves estimated for the deposit based on over 130,000 meters of drilling, including measured resources of 25,000 ounces grading 26.99 g/t gold and inferred resources of over 2.3 million ounces grading 10.06 g/t gold.
The document provides an overview of Dalradian Resources Inc. and its flagship Curraghinalt gold deposit in Northern Ireland. It discusses the high-grade nature of the deposit's resource, positive preliminary economic assessment results, and ongoing work including a feasibility study and underground program to expand resources. Analyst coverage and the management team's track record in mine building are also summarized.
Stornoway Diamond Corporation is constructing Quebec's first diamond mine, the Renard Diamond Project. The mine is fully permitted and financed, with construction 22.4% complete and on budget. Plant commissioning is scheduled for 2H 2016 and commercial production is planned for 2Q 2017. The mine plan is based on an 11-year reserve of 17.9 million carats, but exploration continues to expand resources and extend potential mine life. Analyst consensus values Stornoway's shares at $1.14, representing 37% upside from the current price.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the potential for the project to be a 12.5-year mine producing over 200,000 ounces of gold per year on average. The project currently has over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred. Probe Metals is planning a large 162,000-meter drill program in 2022 and has over $31 million in cash and investments to advance the project.
Stornoway q1 2017 earnings results presentation final 11.30pm monday 8 may 2017Stornoway Diamonds
1) The document contains forward-looking statements regarding Stornoway's objectives, goals, strategies, beliefs, plans, expectations, estimates and intentions. These statements are subject to risks and uncertainties that could cause actual results to differ materially.
2) The forward-looking statements are based on assumptions regarding diamond recoveries, costs, prices and other factors that may prove to be incorrect.
3) Important risk factors that could affect future results include variations in diamond characteristics, market prices, costs and Stornoway's ability to achieve its development goals.
1) Pretivm Resources is advancing construction of its high-grade Brucejack gold mine in British Columbia, with commissioning targeted for early 2017.
2) The mine is fully funded and expected to produce an average of 504,000 ounces of gold annually for the first eight years of an 18-year mine life at low all-in sustaining costs.
3) Construction is nearing completion, with all major equipment delivered and installed, over 140,000 tonnes of ore stockpiled, and underground development advanced with 12 stopes prepared for production.
- Lundin Gold declared commercial production at its Fruta del Norte gold mine in Ecuador ahead of schedule in Q1 2020, producing over 51,000 ounces of gold.
- Operations were temporarily suspended in March due to COVID-19 but the company is working to restart operations safely in Q3 2020.
- With a strong financial position and low costs of production, Lundin Gold is well positioned to ramp up operations at Fruta del Norte as one of the few multi-million ounce, high-grade gold assets currently in production.
NOVAGOLD Third Quarter 2014 Conference Call and Webcast NOVAGOLD
The company released its third quarter financial results after market on October 7th, 2014. The conference call and webcast to discuss these results took place the following day. To watch a webcast replay, please go to www.novagold.com. Thank you.
1. The Brucejack high-grade gold project in British Columbia is fully funded and permitted, with construction underway and commercial production targeted for 2017.
2. The project has high-grade gold reserves in the Valley of the Kings zone, with proven and probable reserves of 6.9 million ounces of gold and 26 million ounces of silver.
3. Underground mining will use longhole stoping methods on 30m level spacing to extract ore grading over 15 g/t gold. Waste rock and tailings will be deposited in engineered facilities.
The document summarizes Lundin Gold's Precious Metals Summit 2021, held November 15-16, 2021. It discusses Lundin Gold's operational excellence, reserve growth, throughput expansion, and exploration activities. Key points include producing 107,663 ounces of gold in Q3 2021, with year-to-date production of 320,599 ounces. Lundin Gold is on track to meet its 2021 production guidance of 380,000-420,000 ounces. It also discusses the company's strong cash position of $221.8 million as of September 30, 2021, ongoing construction projects, and resource expansion and regional exploration drilling programs.
This document provides a summary of NovaGold Resources Inc.'s third quarter and project update conference call. It includes an introduction of conference call attendees, cautionary statements, an overview of NovaGold and its two projects - Donlin Gold and Galore Creek. It then discusses Donlin Gold's permitting progress, third quarter project activity and funding, operating performance, cash flow highlights, and the projects' resource size and grade compared to peer projects. It also notes Donlin Gold's exploration potential.
- Dalradian Resources is exploring and developing the Curraghinalt high-grade gold deposit in Northern Ireland.
- Recent work at the site includes 130 blasts, 675 meters of underground development, and 46,000 meters of infill drilling.
- A feasibility study and submission of a mine construction permit are targeted for the second half of 2016.
- The Curraghinalt deposit hosts a measured resource of 15,100 ounces of gold, an indicated resource of 989,000 ounces, and an inferred resource of 2.49 million ounces.
The document discusses Lundin Gold's Fruta del Norte gold project in Ecuador. It states that project funding is substantially complete based on current estimates. Construction is underway on plant facilities and infrastructure, with first gold expected in Q4 2019. The document also summarizes Lundin Gold's capital structure, exploration plans for additional resources along the mineralized trend, and highlights of the Fruta del Norte project including mine life, annual production estimates, and high gold grades.
The document discusses forward-looking statements and information regarding Lundin Gold's Fruta del Norte gold project in Ecuador. It summarizes that project funding is substantially complete, underground mine development is on track, and process plant construction is well underway. The first gold from the project is expected in Q4 2019.
New gold presentation november 2017v finalnewgold2011
The corporate presentation provides cautionary statements regarding forward-looking information in the document. It notes that all dollar amounts are in US dollars unless otherwise stated, and that the presentation contains forward-looking statements regarding New Gold's future performance, including expectations for production, costs, and development activities. It cautions that these forward-looking statements are based on a number of assumptions and are subject to various risks and uncertainties, such that actual results could differ materially from expectations.
Kirkland Lake Gold is a gold producer with operations in Canada and Australia. It is targeting extensive organic growth through continued exploration success and reserve growth at its Fosterville mine in Australia and Macassa mine in Canada. Kirkland Lake Gold has reported significant exploration successes recently that have doubled reserves at Fosterville and increased reserves by 37% at Macassa. The company is also generating substantial free cash flow and has a strong balance sheet, positioning it to invest capital for further value creation.
Stornoway Diamond Corporation is building Quebec's first diamond mine, the Renard Diamond Project. The mine is fully permitted and fully financed, with construction on budget and on schedule. The Renard mine is expected to begin production in 2H 2016 and will be an open pit and underground operation with an estimated 11 year mine life based on current reserves. The resource is still being explored and has potential to significantly extend the mine life. Stornoway will be a significant new diamond producer once the Renard mine begins commercial production.
The document provides information on forward-looking statements and disclaimers related to Lundin Gold's Fruta del Norte gold project in Ecuador. It notes that forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially. The technical information is based on a 2016 technical report and was reviewed by qualified persons. Unless otherwise indicated, all dollar values are in US dollars.
- The corporate presentation provides an overview of Lundin Gold's Fruta del Norte gold mine in Ecuador, which began commercial production in late 2019.
- The mine is expected to produce an average of 325,000 ounces of gold per year with an all-in sustaining cost of $621 per ounce and generate significant free cash flow in the coming years.
- Lundin Gold aims to be a catalyst for sustainable development in Ecuador by focusing on local employment, procurement, and economic diversification in the surrounding communities.
This corporate presentation from Solaris Resources provides an overview of the company's copper and gold portfolio in the Americas. Solaris' flagship project is the high-grade Warintza copper project in Ecuador, which has an open pit resource within a large area with potential for further discoveries. The company is also exploring earlier stage copper and gold projects in Chile and Peru for additional discovery potential. Solaris' exploration programs are designed by David Lowell and led by Jorge Fierro to leverage drilling for resource growth and new discoveries. The company is well funded with $47 million in cash and support from strategic partners and insiders.
The document summarizes information about Pretium Resources Inc.'s Brucejack gold project in British Columbia, Canada. Key points include:
- Brucejack is a high-grade underground gold mine that is fully funded and permitted, with construction underway and commercial production targeted for 2017.
- It has high-grade gold reserves of 6.9 million ounces in the Valley of the Kings zone. The mine life is estimated at 18 years with an average annual production of 504,000 ounces in the first eight years.
- The project has robust economics with an after-tax NPV of $1.55 billion and IRR of 27.4% at a $1,100/oz gold price. The project
The document discusses a high-grade gold deposit in Northern Ireland. It summarizes the geology of the large, high-grade vein system which remains open in all directions. It also provides details on the engineering studies conducted, including a capital expenditure of US$192 million and an after-tax internal rate of return of 24%. Finally, it outlines the resources and reserves estimated for the deposit based on over 130,000 meters of drilling, including measured resources of 25,000 ounces grading 26.99 g/t gold and inferred resources of over 2.3 million ounces grading 10.06 g/t gold.
The document provides an overview of Dalradian Resources Inc. and its flagship Curraghinalt gold deposit in Northern Ireland. It discusses the high-grade nature of the deposit's resource, positive preliminary economic assessment results, and ongoing work including a feasibility study and underground program to expand resources. Analyst coverage and the management team's track record in mine building are also summarized.
Stornoway Diamond Corporation is constructing Quebec's first diamond mine, the Renard Diamond Project. The mine is fully permitted and financed, with construction 22.4% complete and on budget. Plant commissioning is scheduled for 2H 2016 and commercial production is planned for 2Q 2017. The mine plan is based on an 11-year reserve of 17.9 million carats, but exploration continues to expand resources and extend potential mine life. Analyst consensus values Stornoway's shares at $1.14, representing 37% upside from the current price.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the potential for the project to be a 12.5-year mine producing over 200,000 ounces of gold per year on average. The project currently has over 1.8 million ounces of gold in the measured and indicated categories and 2.3 million ounces in inferred. Probe Metals is planning a large 162,000-meter drill program in 2022 and has over $31 million in cash and investments to advance the project.
Stornoway q1 2017 earnings results presentation final 11.30pm monday 8 may 2017Stornoway Diamonds
1) The document contains forward-looking statements regarding Stornoway's objectives, goals, strategies, beliefs, plans, expectations, estimates and intentions. These statements are subject to risks and uncertainties that could cause actual results to differ materially.
2) The forward-looking statements are based on assumptions regarding diamond recoveries, costs, prices and other factors that may prove to be incorrect.
3) Important risk factors that could affect future results include variations in diamond characteristics, market prices, costs and Stornoway's ability to achieve its development goals.
1) Pretivm Resources is advancing construction of its high-grade Brucejack gold mine in British Columbia, with commissioning targeted for early 2017.
2) The mine is fully funded and expected to produce an average of 504,000 ounces of gold annually for the first eight years of an 18-year mine life at low all-in sustaining costs.
3) Construction is nearing completion, with all major equipment delivered and installed, over 140,000 tonnes of ore stockpiled, and underground development advanced with 12 stopes prepared for production.
- Lundin Gold declared commercial production at its Fruta del Norte gold mine in Ecuador ahead of schedule in Q1 2020, producing over 51,000 ounces of gold.
- Operations were temporarily suspended in March due to COVID-19 but the company is working to restart operations safely in Q3 2020.
- With a strong financial position and low costs of production, Lundin Gold is well positioned to ramp up operations at Fruta del Norte as one of the few multi-million ounce, high-grade gold assets currently in production.
NOVAGOLD Third Quarter 2014 Conference Call and Webcast NOVAGOLD
The company released its third quarter financial results after market on October 7th, 2014. The conference call and webcast to discuss these results took place the following day. To watch a webcast replay, please go to www.novagold.com. Thank you.
1. The Brucejack high-grade gold project in British Columbia is fully funded and permitted, with construction underway and commercial production targeted for 2017.
2. The project has high-grade gold reserves in the Valley of the Kings zone, with proven and probable reserves of 6.9 million ounces of gold and 26 million ounces of silver.
3. Underground mining will use longhole stoping methods on 30m level spacing to extract ore grading over 15 g/t gold. Waste rock and tailings will be deposited in engineered facilities.
The document summarizes Lundin Gold's Precious Metals Summit 2021, held November 15-16, 2021. It discusses Lundin Gold's operational excellence, reserve growth, throughput expansion, and exploration activities. Key points include producing 107,663 ounces of gold in Q3 2021, with year-to-date production of 320,599 ounces. Lundin Gold is on track to meet its 2021 production guidance of 380,000-420,000 ounces. It also discusses the company's strong cash position of $221.8 million as of September 30, 2021, ongoing construction projects, and resource expansion and regional exploration drilling programs.
This document provides a summary of NovaGold Resources Inc.'s third quarter and project update conference call. It includes an introduction of conference call attendees, cautionary statements, an overview of NovaGold and its two projects - Donlin Gold and Galore Creek. It then discusses Donlin Gold's permitting progress, third quarter project activity and funding, operating performance, cash flow highlights, and the projects' resource size and grade compared to peer projects. It also notes Donlin Gold's exploration potential.
- Dalradian Resources is exploring and developing the Curraghinalt high-grade gold deposit in Northern Ireland.
- Recent work at the site includes 130 blasts, 675 meters of underground development, and 46,000 meters of infill drilling.
- A feasibility study and submission of a mine construction permit are targeted for the second half of 2016.
- The Curraghinalt deposit hosts a measured resource of 15,100 ounces of gold, an indicated resource of 989,000 ounces, and an inferred resource of 2.49 million ounces.
The document discusses Lundin Gold's Fruta del Norte gold project in Ecuador. It states that project funding is substantially complete based on current estimates. Construction is underway on plant facilities and infrastructure, with first gold expected in Q4 2019. The document also summarizes Lundin Gold's capital structure, exploration plans for additional resources along the mineralized trend, and highlights of the Fruta del Norte project including mine life, annual production estimates, and high gold grades.
The document discusses forward-looking statements and information regarding Lundin Gold's Fruta del Norte gold project in Ecuador. It summarizes that project funding is substantially complete, underground mine development is on track, and process plant construction is well underway. The first gold from the project is expected in Q4 2019.
The document discusses forward-looking statements and disclaimers regarding Lundin Gold's Fruta del Norte gold project in Ecuador. It notes that forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ from expectations. It also provides context around the technical information on the project, including that it is based on a 2016 technical report. The document contains important information for US investors regarding mineral resource classifications.
- Lundin Gold reported strong Q1 2022 results including record quarterly gold production of 121,665 oz.
- Cash costs of $619/oz and AISC of $696/oz were below guidance. Cash flow from operations was $127 million and free cash flow was nearly $92 million.
- Construction of the south ventilation raise is ongoing and expected to be completed by end of Q2 2022. Other capital projects including the third raise of the tailings dam are ramping up.
- Exploration drilling continued during the quarter near FDN and at regional targets Barbasco and Puente Princesa.
The document provides an overview and update of the Fruta del Norte gold mining project in Ecuador. It summarizes that the project remains on schedule and budget with first gold production expected in Q4 2019. Underground mine development has advanced over 3.3 km to date. The project has received necessary permits and financing and construction is 34% complete. An update to the project estimate found opportunities to lower costs while increasing production over the 15 year mine life.
The virtual town hall presentation provided an overview of Lundin Gold's Fruta del Norte gold mine in Ecuador, including:
1) Highlights from the third quarter of 2020, including gold production, costs, and financial results.
2) Details on the underground mine development and plans to expand throughput.
3) Exploration plans to expand resources at nearby targets like Barbasco.
4) Status updates on remaining construction projects and COVID-19 safety protocols.
5) Details on community support programs during the COVID-19 pandemic.
- Lundin Gold declared commercial production at its Fruta del Norte gold mine in Ecuador ahead of schedule in Q1 2020.
- The mine is expected to produce an average of 325,000 ounces of gold per year with an all-in sustaining cost of $621/oz and generate $20.9 million from initial gold sales in 2019.
- Exploration potential exists within the company's land holdings near Fruta del Norte, with priority targets including Barbasco that shows similarities to the existing mine.
- Lundin Gold held a conference call to discuss its third quarter 2020 results and provide an operational update
- In Q3 2020, Lundin mined 265,298 tonnes of ore, processed 324,000 tonnes at an average daily rate of 3,340 tpd with average head grade of 10.4 g/t, and produced 94,250 ounces of gold
- Strict COVID-19 protocols have been implemented at site with only 34 cases identified and no current active cases
- Exploration drilling is expected to start in early 2021 at the high priority Barbasco target located within the same basin as Fruta del Norte
- Throughput expansion and resource expansion drilling programs are also planned to increase production over the
Lundin Gold Scotiabank Mining Conference November 30 - December 1, 2021Adnet Communications
The document provides information about Lundin Gold's participation in the Scotiabank Mining Conference on November 30th to December 1st, 2021. It cautions readers about forward-looking statements in the presentation and responses to questions, noting that actual results could differ materially from expectations. It also notes that technical information is based on a 2016 technical report for the Fruta del Norte Project and was reviewed by Lundin Gold's President and CEO. Finally, it provides important information for US investors about mineral resource classifications.
Lundin Gold hosted a conference from January 26th-28th, 2022 to discuss its Fruta del Norte gold mine in Ecuador. The presentation contained forward-looking statements regarding estimates and expectations for gold production, costs, exploration activities, and regional growth opportunities. It cautioned that actual results could differ from expectations due to risks and uncertainties. It also provided 2021 results which exceeded guidance, 2022 production guidance of 405,000-445,000 ounces of gold, and a three-year outlook showing steady production and significant free cash flow. Lundin Gold aims to create shareholder value through operational excellence, growth opportunities, and strong ESG practices.
Cash Flow is King at FDN
Lundin Gold generated $91.8 million in free cash flow in Q1 2022, ending the quarter with $336.9 million in cash. The company is strongly positioned to create shareholder value through debt repayment, organic growth opportunities, dividends, and potential M&A transactions. Lundin Gold approved a dividend policy with an anticipated annual payout of $100 million, representing a 5% dividend yield. Ongoing construction projects and resource expansion drilling are ramping up in 2022.
Cash Flow is King at FDN
Lundin Gold generated $91.8 million in free cash flow in Q1 2022, ending the quarter with $336.9 million in cash. The company is strongly positioned to create shareholder value through debt repayment, organic growth opportunities, dividends, and potential M&A transactions. Lundin Gold approved a dividend policy with an anticipated annual payout of $100 million. Construction of the South Ventilation Raise is ongoing and expected to be completed by the end of Q2 2022, while sustaining capital activities and resource expansion drilling are ramping up.
The 25th Annual CIBC Western Institutional Investor Conference will take place from January 19th to 21st, 2022. Lundin Gold provides forward-looking statements and cautions that actual results could differ from expectations. Lundin Gold exceeded 2021 gold production guidance and is focused on operational optimization. For 2022, Lundin Gold guidance is for 405,000 to 445,000 ounces of gold production. Lundin Gold has a multi-year outlook showing strong and sustainable free cash flow generation.
- Lundin Gold has restarted operations at its Fruta del Norte gold mine in Ecuador after a three month suspension due to COVID-19.
- Production is expected to be between 200,000-220,000 ounces of gold for 2020 as the mine ramps up over the next three months.
- Strict COVID-19 protocols are in place to protect workers, including quarantines, testing, physical distancing, and increased sanitization.
- Lundin Gold has restarted operations at its Fruta del Norte gold mine in Ecuador after a three month suspension due to COVID-19.
- Production is expected to be between 200,000-220,000 ounces of gold for 2020 as the mine ramps up over the next three months.
- Strict COVID-19 protocols are in place to protect workers, including quarantines, testing, physical distancing, and increased sanitization.
The corporate presentation provides an overview of Lundin Gold's operations and outlook. It discusses restarting operations after a temporary COVID-19 suspension, with plans to ramp up milling and mining. Production is expected to be 200,000-220,000 ounces of gold in 2020. Exploration will also begin on high priority targets within the company's land package. Strict COVID-19 protocols are in place to protect the workforce as operations continue.
Cash flow generation is strong at Lundin Gold's Fruta del Norte mine in Ecuador. In Q1 2022, Lundin Gold produced over 121,000 ounces of gold and generated $91.8 million in free cash flow. With $336.9 million in cash as of March 31, 2022 and peer-leading free cash flow yields, Lundin Gold is well positioned to continue debt repayments, pay dividends, fund growth opportunities, and carry out exploration programs to expand resources. Near-mine exploration drilling is ongoing and regional exploration is advancing targets like Barbasco and Puente Princesa, with over 3,000 meters drilled in Q1.
- The corporate presentation provides an overview of Lundin Gold's Fruta del Norte gold mine in Ecuador, highlighting its first half 2020 results, second half 2020 outlook, and future growth potential.
- Operations were temporarily suspended in March 2020 due to COVID-19 but restarted in July 2020. Gold production for 2020 is estimated to be 200,000-220,000 ounces.
- Lundin Gold is evaluating opportunities to increase throughput at the mine and mill to 4,000-4,500 tonnes per day by 2021.
- Exploration drilling is planned at the high priority Barbasco target later in 2020 to test for extensions of the Fruta del Norte deposit.
- Lundin Gold restarted operations at its Fruta del Norte gold mine in Ecuador in July 2020 after a three month suspension due to COVID-19.
- Production guidance for 2020 is 200,000-220,000 ounces of gold with cash costs of $715-780 per ounce and all-in sustaining costs of $770-850 per ounce.
- The mill is currently running at near design throughput and the mine is ramping up over the next three months. Lundin Gold also has a strong financial position.
Tristar Gold is developing the Castelo de Sonhos gold project in Brazil. The project has a 1.4 million ounce open pit reserve and a positive pre-feasibility study showing a 33% IRR and $399 million NPV at $1,550 gold price. Tristar is advancing permitting and aims to receive its installation license in 2024 to begin construction of a 3.6 million tonne per year operation. The project has significant exploration upside to expand resources along strike and at depth.
20240314 Calibre March 2024 Investor Presentation (FINAL).pdfAdnet Communications
Calibre Mining is creating a high growth, cash flow focused mid-tier gold producer in the Americas. It has 3 producing mines, 3 growth assets, 4.1M ounces of gold reserves, and is forecast to produce 275-300k ounces in 2024. Calibre aims to grow production to over 460k ounces annually by 2026 through organic growth from its assets and ongoing exploration and development projects. These include the high-grade Valentine Gold Mine in Canada, which began production in early 2025. Calibre has a track record of delivering production growth and increasing reserves, and sees potential for further discovery and resource expansion across its portfolio.
This document provides an overview of Lundin Gold's exploration activities and goals. In 2023, Lundin Gold conducted over 35,000 meters of near-mine drilling and over 8,000 meters of regional drilling to explore for new discoveries. Conversion drilling totaled over 11,000 meters to replace depleted reserves. The 2024 exploration program budget is $42 million, making it the largest program conducted on Lundin Gold's land package. Near-mine drilling is extending known mineralization at the Bonza Sur and FDNS targets. Regional drilling aims to make new discoveries of large gold deposits.
The document provides an overview of Strategic Resources' corporate presentation from March 2024. It discusses a three phase plan to develop an iron pelletizing facility and eventually the fully permitted BlackRock mine in Quebec. Phase 1 would produce direct reduction grade iron ore pellets using third party feedstock. Phase 2 could produce direct reduced iron or hot briquetted iron. Phase 3 involves building the BlackRock mine and facilities to produce high purity pig iron, vanadium, and titanium products. The presentation outlines the project's economics, location advantages, and potential to support the green transition in steelmaking.
This document provides an overview of Tristar Gold Inc., a gold mining company developing the Castle of Dreams gold project in Brazil. Key points include:
- The Castle of Dreams project has a 1.4 million ounce gold reserve identified in a 2021 PFS study, with potential to expand further.
- The PFS outlined an 11-year mine life with average annual production of 121,000 ounces at an AISC of $900/ounce and post-tax IRR of 28% at $1,550 gold.
- Tristar is advancing permitting for the project and aims to receive the installation license in 2023 to begin construction in 2024.
- The management team
Strategic Resources Corporate Presentation - March 2024 UpdateAdnet Communications
Strategic Resources presented on their corporate projects in March 2024. They outlined a three phase plan to build an iron pelletizing facility using third party feed as Phase 1. This would produce direct reduction grade pellets for sale at a premium to iron concentrate prices. Phase 2 would involve building a direct reduction plant to convert pellets to DRI or HBI. Phase 3 is the construction of Strategic's BlackRock mine and metallurgical facility in Quebec to produce high purity pig iron, titanium slag, and vanadium slag. The presentation highlighted Strategic's products as high value steel inputs that support the green transition to electric arc furnace steelmaking.
L'indice de performance des ports à conteneurs de l'année 2023SPATPortToamasina
Une évaluation comparable de la performance basée sur le temps d'escale des navires
L'objectif de l'ICPP est d'identifier les domaines d'amélioration qui peuvent en fin de compte bénéficier à toutes les parties concernées, des compagnies maritimes aux gouvernements nationaux en passant par les consommateurs. Il est conçu pour servir de point de référence aux principaux acteurs de l'économie mondiale, notamment les autorités et les opérateurs portuaires, les gouvernements nationaux, les organisations supranationales, les agences de développement, les divers intérêts maritimes et d'autres acteurs publics et privés du commerce, de la logistique et des services de la chaîne d'approvisionnement.
Le développement de l'ICPP repose sur le temps total passé par les porte-conteneurs dans les ports, de la manière expliquée dans les sections suivantes du rapport, et comme dans les itérations précédentes de l'ICPP. Cette quatrième itération utilise des données pour l'année civile complète 2023. Elle poursuit le changement introduit l'année dernière en n'incluant que les ports qui ont eu un minimum de 24 escales valides au cours de la période de 12 mois de l'étude. Le nombre de ports inclus dans l'ICPP 2023 est de 405.
Comme dans les éditions précédentes de l'ICPP, la production du classement fait appel à deux approches méthodologiques différentes : une approche administrative, ou technique, une méthodologie pragmatique reflétant les connaissances et le jugement des experts ; et une approche statistique, utilisant l'analyse factorielle (AF), ou plus précisément la factorisation matricielle. L'utilisation de ces deux approches vise à garantir que le classement des performances des ports à conteneurs reflète le plus fidèlement possible les performances réelles des ports, tout en étant statistiquement robuste.
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2018 01-15-cp lug
1.
2. 2
Disclaimers
All statements, other than statements of historical fact, made and information contained in this presentation and responses to questions constitute
“forward-looking information” or “forward-looking statements” as those terms are defined under Canadian securities laws ( “forward-looking statements”).
Forward-looking statements may be identified by terminology such “believes”, “anticipates”, “expects”, “is expected”, “scheduled”, “estimates”, “pending”,
“intends”, “plans”, “forecasts”, “targets”, or “hopes”, or variations of such words and phrases or statements that certain actions, events or results “may”,
“could”, “would”, “will”, “should” “might”, “will be taken”, or “occur” and similar expressions).
By their nature, forward-looking statements involve assumptions, inherent risks and uncertainties, many of which are difficult to predict, and are usually
beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking. Lundin Gold
believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, but no assurance can be given that these
expectations will prove to be correct. In particular, this presentation contains forward-looking statements pertaining to: the Company’s project financing
and sources of liquidity; the Company’s exploration plans and activities; the value of the Company and the trading price of its shares; estimates of mineral
resources and reserves; the rate of development of the project; production plans and profiles; projected capital and operating costs; permitting and
regulatory approvals; capital expenditures and requirements; the expectations of market prices and costs; the development, construction and operation of
Fruta del Norte; anticipated future tax payments and rates, cash flows and their uses; and benefits under the Company’s agreements with the Government
of Ecuador.
There can be no assurance that such statements will prove to be accurate, as Lundin Gold's actual results and future events could differ materially from
those anticipated as a result of the factors discussed in the "Risk Factors" section in Lundin Gold's Annual Information Form for the financial year ended
December 2016 and the Prospectus dated December 21, 2017, both of which are available on SEDAR at www.sedar.com. Forward-looking information
should not be unduly relied upon.
The technical information contained in this presentation relating to the Fruta Del Norte Project is based on a Technical Report prepared for the Company
entitled “Fruta del Norte Project, Ecuador, NI 43-101 Technical Report on Feasibility Study” dated June 15, 2016 with an effective date of April 30, 2016 (the
"2016 FDN TR"). Information of a scientific and technical nature in this presentation was reviewed and approved by Ron Hochstein, P.Eng., Lundin Gold’s
President and Chief Executive Officer, and Steve Leary, MAusIMM CP(Geo), an independent consultant to Lundin Gold, both of whom are Qualified Persons
within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”).
Unless otherwise indicated, all dollar values herein are in US dollars.
Important Information for US Investors
This presentation may use the terms “measured", “indicated“, “inferred" and “historical” mineral resources. U.S. investors are advised that, while such
terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. “Inferred mineral
resources" and “historical estimates” have a great amount of uncertainty as to their existence and great uncertainty as to their economic feasibility. It
cannot be assumed that all or any part of an inferred mineral resource or a historical estimate will ever be upgraded to a higher category. Under Canadian
rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Further, historical estimates are not
recognized under Canada’s NI 43-101. U.S. investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever
be converted to mineral reserves.
This presentation is not an offer of securities for sale in the United States or in any other jurisdiction. The Company’s securities have not been and will not
be registered under the United States Securities Act of 1933, as amended and may not be offered or sold within the United States absent registration or an
application exemption from registration.
3. 3
Building a Leading Gold
Company
• Fruta del Norte is a large, high-grade gold
deposit within a major mineralized trend
• Management and project team with
extensive mine construction and operating
experience
• Ecuador government open and supportive of
mining investment
• First stage US$400 - US$450 million financing
in place
• Construction underway
• First gold production expected in Q4 2019
4. 4
Capital Structure
Share Price1 $5.16
Shares Outstanding2 119.6 M
Market capitalization1 $613.9 M
52 week high/low1 $4.07/$6.50
Cash position3 $63.0 M
Major Shareholders1:
• Lundin Family
• Kinross
• CD Capital
• Kopernik Global
• Mackenzie Financial
• Invesco Canada
• AMG Fondsverwaltung AG
• Van Eck
1: As at January 15, 2018, in C$
2. As at December 31, 2017
3. As at September 30, 2017 in US$
5. 5
Management Team with Extensive
Mining Experience
Lukas Lundin – Chairman and Director
• 37 years of recognizing value and superior global investment opportunities in the natural resource sector
• Pursuit of highly prospective properties around the world has resulted in numerous resource discoveries, including the multi
million-ounce Veladero gold discovery
• Has led several companies through highly profitable business acquisitions and mergers such as Lundin Mining Corporation's $3.3
billion merger with EuroZinc Mining
Ron F. Hochstein - President, CEO & Director
• 35 years in the mining industry, including more than 20 years working with the Lundin Group
• Worked with a number of resource companies, most recently as President and CEO of Denison Mines Corp. from 2009 to 2015
Alessandro Bitelli - EVP, CFO
• 30 years experience in the resource industry and in public accounting, both in Europe and North America
• Former CFO of Redback Mining, which was acquired by Kinross in 2010 for $9.2 billion
David Dicaire - VP, Projects
• 35 years in the mining, engineering and construction industry, leading both Owners and EPCM teams on a variety of global
projects
• Project Director for Freeport McMoRan’s US$4.6 billion Cerro Verde Expansion Project in Peru, and previously worked on Agua
Rica Mine in Argentina (Glencore, prev. Xstrata) and Quellaveco Mine in Peru (Anglo American)
Nathan Monash - VP, Business Sustainability
• 15 years experience in resource business sustainability
• Worked extensively with the IFC, guiding extractive industry clients on the structure and implementation of sustainable
development strategies
6. 6
Ecuador Committed to Mining
• Ecuador established a mining
ministry in 2015 to encourage
mining investments
• Local communities support the
Fruta del Norte project
• Exploitation Agreement and
Investment Protection Agreement
signed with the Ecuadorian
government in December 2016
• Lundin Gold has major permits in
place and has begun construction
at Fruta del Norte
7. 7
Fruta del Norte is Within a Major Mineralized
Trend
Bonza Trend
Alejandro
Puente
Princesa
Rio Blanco
Robles
Emperador
• 70,000 ha of prospective exploration
acreage including the Bonza Las Peñas
trend, which hosts Fruta del Norte
• Suarez Pull-Apart Basin extends 16 km
south of Fruta del Norte, doubling the most
prospective trend
• Significant exploration upside exists -
numerous key targets with epithermal
geochemical signatures along the trend
have yet to be drilled
• 4,000 m exploration drill program underway
12 km south of Fruta del Norte
8. 8
Probable Reserves Represent Only 67%
of Indicated Resources
Main Area of
Reserves and
Resources
Fruta del Norte not
fully defined to the
south
Grade of Ore Blocks
3-5 – 5.0 g/t Au
5.0 – 10.0 g/t Au
> 10.0 g/t Au
North
600 m L
300 m H
100 – 200 m W
9. 9
15 Year Mine Life Based on Current
Probable Reserves
Tonnes
(000 t)
Au
Grade
(g/t)
Ounces
(000 oz)
Transverse Stope 11,685 8.82 3,314
Overhand Drift & Fill 3,905 10.36 1,301
Underhand Drift & Fill 711 10.77 246
Development Ore
(> 4.7 g/t)
96 11.02 34
Development Low Grade
(> 2.7 g/t)
375 3.70 45
TOTAL 16,774 9.16 4,940
Source: See Lundin Gold news release dated May 30, 2017
Fruta del Norte drill core
11. 11
High Ounce / Low Tonne Per Day Mine
AverageAnnualAuproduction(ozs)
MillCapacity(tpd)
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
0
100,000
200,000
300,000
400,000
500,000
600,000
Average Annual Au Production Mill Capacity
• Fruta del Norte will produce an average of 325,000 ounces of Au per year from
approximately 3,500 tonnes per day
Source: Public company filings
12. 12
Fruta del Norte Project Update
• Underground mine development
into hard rock and should now
progress at a quicker pace
• All major process plant equipment
packages awarded
• Detailed engineering for process
plant, tailings facility and water
management well underway
• Process plant excavation is
progressing ahead of schedule -
concrete mill foundations expected
to start this quarter
• Powerline contractor on track to
begin building the powerline this
quarter
• North Access road is progressing
well and 32% has been built
Into hard rock in Kuri and K’isa
13. 13
Mine Waste Storage
Process Plant Portal Platform
Portals
Water Ponds
Crusher
Mine Site Under Construction
Surface mine temporary facilities including
warehouse, fab shop, dry and offices
Process plant earthworks
Into hard rock
14. 14
Underground Mine Development
on Track
Twin Portal
Declines
Dewatering
Galleries
North Orepass
Central Orepass
South Orepass
FAR
Portal Entrance
16. 16
Major Environmental Permitting
Complete
Las Peñas and construction camp
• Received Environmental License for
Fruta del Norte in October 2016
• Environmental License for the powerline
received in January 2018
• Other key licenses and permits in
progress:
• Mountain Pass Quarry environmental
license
• Industrial and domestic water permits
17. 17
First Gold Expected Q4 2019
Fruta del Norte Development
Timeline
2017 2018 2019 2020
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
North Access Road
Zamora River Bridge
Mountain Pass Quarry Development
River Road
Site Earthworks and Construction Camp
U/G Mine Development
Process Plant Detailed Engineering
Process Plant Construction
Power Line Construction
Tailings Construction
Process Plant Commissioning
Paste Plant Detailed Engineering and Construction
First Ore to Mill/Commercial Production
18. 18
Project Team with Global Mine
Development Experience
Louis Gignac
Project Advisor
• Rosebel Mine, Suriname (IAMGold)
• Essakane Mine, Burkina Faso (IAMGold)
• Omai Gold Mine, Guyana (Mahida Gold, prev. IAMGold)
Matt Gignac
Project Director
• Rosebel Mine, Suriname (IAMGold)
• Merian Mine, Suriname (Newmont)
• Mouska Mine, Canada (IAMGold)
Meredith Arnould
Project Business Manager
• Cerro Verde Mine, Peru (Freeport McMoRan)
• Mount Milligan Mine, Canada (Centerra, prev. Thompson
Creek)
• Endako Mine, Canada (Centerra, prev. Thompson Creek)
Serge Théberge
Site Manager
• Rosebel Mine, Suriname (IAMGold)
• Cie des Bauxites Mine, Guinea (Halco/Guinea
government)
• Quimsacocha Mine, Ecuador (INV Mining, prev. IAMGold)
Doug Moore
Mine Development Manager
• Carlin East Mine, USA (Newmont)
• Buckhorn Mine, USA (Kinross)
• Lac des Iles Mine, Canada (North American Palladium)
William Matheson
Construction Manager
• Yanacocha Mine Phase 1, Peru (Newmont)
• Carlota Mine, USA (KGHM International)
• Sierra Gorda Mine, Chile (KGHM International)
Joel Lacelle
Offshore Services Manager
• Detour Lake Mine, Canada (Detour Gold)
• Raglan Mine, Canada (Glencore)
• Casa Berardi Mine, Canada (Hecla Mining)
Murray Wright
Supply Chain Manager
• Kansanshi Mine, Zambia (First Quantum)
• Tasiast Mine, Mauritania (Kinross)
• Otjikoto Mine, Namibia (B2 Gold)
19. 19
Attractive All-In Sustaining Costs
Cash Cost
(US$ per oz Au)1
On site operating costs $424
Treatment & refining $83
Royalties & production
taxes
$76
Silver by-product ($22)
Cash Costs $561
Sustaining Capital &
Closure
$49
All-in Sustaining Costs $609
Source: See Lundin Gold news release dated May 30, 2017
1. Numbers may not add due to rounding, AISC are presented as defined by the
World Gold Council and costs are estimated in Q1 2017 dollars
OPEX
(US$ per tonne
processed)
OPEX
(US$ per
payable oz)
Mining $55 $208
Process $32 $123
Surface
Infrastructure
$20 $77
G&A $4 $16
Total $111 $424
20. 20
Project Capital Expenditures
Capital Expenditures1 US$
(M)
Underground Mine $146.7
Process Plant $71.4
Power and Electrical $66.5
Infrastructure $48.2
Surface Operations $46.4
Water and Tailings $44.6
Sub Total - Direct Costs $423.8
Indirect Costs $99.3
Owners Costs $117.8
Start-up and Commissioning $21.0
Contingency $68.6
Total $730.3
Source: See Lundin Gold news release dated May 30, 2017
1. Excluding taxes, advance royalties, working capital & financing costs
US$
(M)
Capital Expenditures $730.3
Pre Production Revenue ($131.4)
Pre Production Cost $85.1
TOTAL CAPEX $684.0
Fruta del Norte Site
21. 21
First Stage Financing Significantly
De-Risks Fruta del Norte
Financing package totals US$400 - US$450 million and
includes:
• Gold pre-pay term credit facility of US$150 million
• Stream credit facility of US$150 million
• Offtake agreement for up to 2.5 million ounces refined gold
• Commitment to participate in equity raises for aggregate total of US$100 to
US$150 million
22. 22
Mining Can be Catalyst for
Sustainable Economic Development
Platform for
Broad-based
Economic
Development
Human
Capital
Infrastructure
Natural
Capital
Financial
Capital
Protecting
Ecosystem
Services
23. 23
Lundin Gold is Committed to Business
Sustainability
UN Global Compact Award for Sustainable Development
• UN Global Compact Networks of Colombia and
Ecuador recognized Lundin Gold’s work with the
Lundin Foundation and Catering Las Peñas
• Catering Las Peñas founded by former Lundin Gold
employees that now provide food preparation,
cleaning and laundry services to Fruta del Norte
• Lundin Foundation provided initial investment and
technical assistance
• In two years Catering Las Peñas has created 150 jobs
and sources supplies locally
Víctor Armijos, representative of Catering Las Peñas;
Rebeca Illescas, Vice Minister of Mining; Iliana
Rodríguez, Vice President, Human Resources of Lundin
Gold and Jorge Granda, representative of Catering Las
Peñas
24. 24
Analyst Coverage
Firm Analyst Rating and Target Price (C$)
ABG Sundal Collier Olof Grenmark Buy, $7.231
BMO Capital Markets Brian Quast Outperform Buy, $7.50
CIBC World Markets David Haughton Outperform Buy, $7.30
Cormark Securities Tyron Breytenbach Buy, $8.00
Echelon Wealth Partners Matt O’Keefe Buy $9.00
VIII Capital Craig Stanley Buy, $7.30
GMP Securities Steve Butler Buy, $8.75
Haywood Securities Kerry Smith Buy, $7.75
Kepler and Cheurvreax Ola Sodermark Buy, $6.461
Nordea Equity Research Christian Kopfer Buy, $7.231
Paradigm Capital Don MacLean Speculative Buy, $9.00
Pareto Securities Finlay Heppenstall Buy, $7.07
Scotia Capital Inc. Trevor Turnbull Outperform Buy, $6.50
TD Securities Daniel Earle Speculative Buy, $8.00
1. ABG, Nordea, and Swedbank price target converted from SEK to CAD (6.5 SEK = 1 CAD)
Lundin Gold is followed by the analysts listed above. Note that any opinion, estimates or forecasts regarding the Company made by these analysts
are the analysts’ opinions and do not represent opinions, estimates or forecasts of the Company or its management. Lundin Gold does not imply
endorsement by the analyst coverage referenced above.
25. 25
Lundin Gold Valuation Potential1
1. As at December 31, 2017
Source: Bloomberg and public company filings
$367
$286
$140
$100
$77
$140
$0
$100
$200
$300
$400
PVG 2013
• Feasibility study
PVG 2014
• Pre-construction
activities
PVG 2015
• Pre-construction activities
• Early construction works
• U/G mine development PVG 2016
• Full project execution
• Continued U/G mine development
• Updated mineral reserves
LUG 2017
• Pre-construction activities
• Early construction works
• U/G mine development
PVG 2017
• Production
EV/AuReserves($perounce)
26. 26
Building the Next Major
Gold Mine
• Fruta del Norte is a large, high grade gold
deposit under construction
• Board and management team dedicated
to advancing the Project to production
• Ecuador mining industry maturing
• Project financing progressing
• Mine development on track
• First gold production expected in Q4 2019
28. 28
Non-Executive Board of Directors
Ashley Heppenstall
• Lead Director of Lundin Gold since 2015
• Has worked with Lundin Group public companies since 1993, most recently as the President, CEO and Finance Director of
Lundin Petroleum AB
Carmel Daniele
• Founder and CIO of CD Capital UK Ltd., the fund manager of a number of private equity and mining funds
• 25 years of natural resources investment experience, 10 years of which were spent with Newmont Mining/Normandy
Ian Gibbs
• Canadian chartered accountant that has held a variety of prominent positions with Lundin Group of companies, currently
serving as CFO of Africa Oil Corp.
• Former CFO of Tanganyika Oil, where he played a pivotal role in the recent $2 billion acquisition by Sinopec International
Petroleum
Chantal Gosselin
• 25 years of combined experience in the mining industry and capital markets
• Has held positions as VP and PM at Goodman Investment Counsel and Senior Mining Analyst at Sun Valley Gold LLP, as well as
various mine-site management positions in Canada, Peru and Nicaragua
Paul McRae
• Current Senior VP of Lundin Mining Corp.
• Global reputation in project and construction management in the mining industry for both surface and underground projects of
all scales and complexities, and was most recently responsible for the successful development of Lundin Mining’s Eagle Mine in
Northern Michigan
Pablo Mir
• Senior partner at Bofill Mir & Alvarez Jana, one of the largest law firms in Chile, where he leads the natural resources practice
• Has advised international mining companies on the exploration, development, construction, and acquisitions of mining
projects in Chile and Argentina
29. 29
National Instrument 43-101 Resource
Statement
Mineral Resources - Mineral Resources, inclusive of Mineral Reserves
as at December 15, 2015
Category
Tonnage
(M t)
Grade
(g/t Au)
Contained Metal
(M oz Au)
Grade
(g/t Ag)
Tonnage
(M oz Ag)
Indicated 23.8 9.61 7.35 12.9 9.89
Inferred 11.6 5.69 2.13 10.8 4.05
1. The Qualified Person for the estimate is Mr. David Ross, P.Geo., an employee of RPA. The estimate has an effective date of 31 December, 2015.
2. Mineral Resources are reported inclusive of Mineral Reserves; Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
3. Mineral Resources are reported at a cut-off grade of 3.5 g/t Au; which was calculated using a longterm gold price of US$1,500/oz.
4. Mineral Resources are constrained within underground mineable shapes that assume a minimum thickness of 2 m; metallurgical recovery of 94%; total
operating costs of US$145/t milled (mining cost of US$60/t milled; process costs of US$35/t milled; G&A costs of US$15/t milled; surface infrastructure costs
of US$28/t milled; concentrate transport and treatment costs of US$7/t milled); royalties of US$71/oz and selling costs of US$65/oz.
5. Numbers may not add due to rounding.
30. 30
Orion and Blackstone Financing
Package
• Gold pre-pay term credit facility of US$150 million
• Principal and interest paid over 19 quarters equivalent to 11,500 Au ounces based on
spot at time of payment starting December 2020 and ending 2025
• Stream credit facility of US$150 million
• Cash equivalent of 7.75% of Au ounces and 100% of Ag ounces based on spot at time of
payment less US$400/ounce Au and US$4.00/ounce Ag starting December 2020, capped
at 350,000 ounces Au and 6.0 million ounces Ag
• Option to buy back 50% of the stream in June 2024 and 50% in June 2026
• Offtake agreement for up to 2.5 million ounces refined gold
• Commitment to participate in equity raises for aggregate total of US$100 to
US$150 million
31. 31
The Company has all the major agreements and permits with the Government of Ecuador for commencing
development of the Project
Both the Exploitation Agreement and the Investment Protection Agreement were signed in December 2016
• The Exploitation Agreement sets out the rights and
obligations of the Government of Ecuador and Aurelian as
mining concessionaire with respect to the Project and
incorporates:
• Term – affords the mining concessionaire the right to
develop and produce gold from the Project for 25 years
• Fiscal Terms – describing royalties, windfall tax and
sovereign adjustment mechanisms
• Security – acknowledges the financing requirements and
provides the ability and authorisation to grant security
• Enforcement – provides acknowledgement that the
Lenders are entitled to foreclose without authorisation
from the mining concessionaire or the Government of
Ecuador
• Dispute Resolution Procedures – arbitration under
UNICTRAL rules (in Santiago, Chile)
• The Investment Protection Agreement primarily deals
with tax and mining regulatory stabilisation and other
investment protection mechanisms. Key benefits include:
• Income tax rate fixed at 22%
• Exemption from the capital outflow tax of 5% on
payments of principal and interest to financial institutions
outside of Ecuador
• The ability to obtain benefits granted by the Government
of Ecuador through future investment protection
agreements with other investors in similar projects in
Ecuador
• No restrictions to transfer or assign all or part of the
investment, including the right to assign its rights to any
financing parties
• Other benefits granted to Aurelian include no restriction
to:
• produce and sell minerals;
• import and export goods; and
• establish, maintain, control, or transfer funds
abroad, provided statutory remittances and
obligations have been met
Government Agreements
32. 32
Lundin Gold Undervalued vs. Peers
on EV/Au Reserves Basis1
1. As at January 9, 2018, C$
Source: Bloomberg and public company filings
$691
$518
$386
$367
$333
$318
$266
$224
$185$176
$157$152
$133
$64
$23 $0
$200
$400
$600
$800
Mean $265
Median $245
EV/AuReserves($perounce)
34. 34
223
RING 1
RING 2
RING 3
RING 4
EX PAT
324
75
52
244
43%
10%
7%
7%
33%
# OF
EMPLOYEES
PERCENTAGE
TOTAL
748 100%
53
Employment Lundin Gold
End of December 2017
35. 35
Employment Contractors
End of November 2017
35
223
RING 1
RING 2
RING 3
RING 4
EX PAT
240
100
101
516
24%
10%
10%
3%
53%
# OF
EMPLOYEES
PERCENTAGE
TOTAL
982 100%
25
36. 36
Local Procurement
36
• Jointly-defined local procurement strategy:
• Definition of local and meaning of “prioritization” in procurement process
• Reserve List
• Certification process is first step, with ongoing support
• More than 225 local suppliers since January 1, 2016