The document announces a joint offer by Agnico Eagle Mines Limited, Yamana Gold Inc., and Osisko Mining Corporation to acquire Osisko's outstanding common shares, valued at C$3.9 billion. Under the offer, Agnico Eagle and Yamana will become equal partners in Osisko's Canadian Malartic mine and Kirkland Lake and Hammond Reef projects. The transaction aims to create a powerful strategic partnership and solidify the companies as leaders in the mid-tier gold space. The offer of C$8.15 per share provides superior value to Osisko shareholders compared to Goldcorp's existing hostile bid.
2012A
2013E
2014E
2015E
Estimate
1) Agnico Eagle outlined its strategy for managing a quality gold business in a challenging price environment, focusing on low-cost production growth and financial flexibility.
2) The company expects production to increase moderately from 1.06 million ounces in 2013 to over 1.2 million ounces by 2015 through projects in Canada, Mexico, and Finland.
3) Agnico Eagle has adequate cash reserves and available credit to fund its capital expenditures budget and continued moderate production growth while maintaining a manageable debt level.
Raymond James 35th Annual Institutional Investors ConferenceAgnico Eagle Mines
Raymond James 35th Annual Institutional Investors Conference presentation by Agnico Eagle Mines President and CEO Sean Boyd:
1) Agnico Eagle reported record annual gold production in 2013 of 1.1 million ounces at a total cash cost of $672 per ounce, lower than guidance.
2) Production is forecast to grow moderately through 2016 to 1.25 million ounces annually, from assets located in mining-friendly jurisdictions.
3) Capital spending is projected to remain below $1 billion annually through 2014-2016 to fund production growth from existing operations.
The document summarizes a nickel exploration project in Greenland. It discusses the district-scale land position held by the company, widespread nickel-copper sulphide drill intersections made to date, and plans for continuity drilling in 2016. The style of mineralization involves pyrrhotite, pentlandite, chalcopyrite and pyrite. Geological studies found over 90% of nickel is contained in pentlandite, indicating potential for high nickel recoveries.
The Osisko Acquisition - A Low Risk Accretive TransactionAgnico Eagle Mines
1) Agnico Eagle and Yamana Gold have jointly bid $8.15 per share Canadian to acquire Osisko Mining Corporation, representing a premium over Goldcorp's hostile bid.
2) Under the terms of the offer, Osisko shareholders would receive $2.09 in cash, shares in Agnico Eagle and Yamana Gold, and shares in a spinco company holding Osisko's Canadian Malartic mine and other exploration projects.
3) The acquisition would make Agnico Eagle and Yamana equal partners in the Canadian Malartic mine and exploration projects in Ontario and Quebec, providing a strategic fit that enhances both companies' business platforms.
49 north conference building a high quality manageable gold business in cha...Agnico Eagle Mines
David Smith, CFO of Agnico Eagle Mines Ltd., presented at the 49 North Resource Conference in San Francisco on December 5, 2013. He discussed Agnico Eagle's improved gold production guidance for 2013, reduced costs, and plans to further improve cash flow generation in 2014. Smith also highlighted Agnico Eagle's portfolio of long-life, low-cost mines in politically stable jurisdictions, moderate production growth outlook, and strong financial position providing flexibility to execute its business plan.
The document provides an overview of Agnico Eagle Mines Limited's corporate update presentation from April 9, 2014. Some key points from the presentation include: Agnico reported record annual gold production of 1.10 million ounces in 2013, beating guidance, with total cash costs of $672/oz, also below guidance. For 2014, Agnico is forecasting further production growth of 16% through 2016, funded by capital expenditures expected to be $416 million. Cash costs and all-in sustaining costs for 2014 are expected to be approximately $678/oz and $990/oz, respectively.
Raymond James Institutional Investors Conference OrlandoAgnico Eagle Mines
The document provides forward-looking statements and notes regarding non-GAAP financial measures for Agnico Eagle Mines Limited. It summarizes Agnico Eagle's fourth quarter and full year 2015 operating results, including record annual gold production of 1.671 million ounces at total cash costs of $567 per ounce. It also outlines Agnico Eagle's strategic plan for 2016 and beyond, focusing on optimizing existing mines and projects, delivering on expectations, building a project pipeline, and developing people. The company aims to improve its cost structure, increase reserve quality, and maximize free cash flow per share.
2012A
2013E
2014E
2015E
Estimate
1) Agnico Eagle outlined its strategy for managing a quality gold business in a challenging price environment, focusing on low-cost production growth and financial flexibility.
2) The company expects production to increase moderately from 1.06 million ounces in 2013 to over 1.2 million ounces by 2015 through projects in Canada, Mexico, and Finland.
3) Agnico Eagle has adequate cash reserves and available credit to fund its capital expenditures budget and continued moderate production growth while maintaining a manageable debt level.
Raymond James 35th Annual Institutional Investors ConferenceAgnico Eagle Mines
Raymond James 35th Annual Institutional Investors Conference presentation by Agnico Eagle Mines President and CEO Sean Boyd:
1) Agnico Eagle reported record annual gold production in 2013 of 1.1 million ounces at a total cash cost of $672 per ounce, lower than guidance.
2) Production is forecast to grow moderately through 2016 to 1.25 million ounces annually, from assets located in mining-friendly jurisdictions.
3) Capital spending is projected to remain below $1 billion annually through 2014-2016 to fund production growth from existing operations.
The document summarizes a nickel exploration project in Greenland. It discusses the district-scale land position held by the company, widespread nickel-copper sulphide drill intersections made to date, and plans for continuity drilling in 2016. The style of mineralization involves pyrrhotite, pentlandite, chalcopyrite and pyrite. Geological studies found over 90% of nickel is contained in pentlandite, indicating potential for high nickel recoveries.
The Osisko Acquisition - A Low Risk Accretive TransactionAgnico Eagle Mines
1) Agnico Eagle and Yamana Gold have jointly bid $8.15 per share Canadian to acquire Osisko Mining Corporation, representing a premium over Goldcorp's hostile bid.
2) Under the terms of the offer, Osisko shareholders would receive $2.09 in cash, shares in Agnico Eagle and Yamana Gold, and shares in a spinco company holding Osisko's Canadian Malartic mine and other exploration projects.
3) The acquisition would make Agnico Eagle and Yamana equal partners in the Canadian Malartic mine and exploration projects in Ontario and Quebec, providing a strategic fit that enhances both companies' business platforms.
49 north conference building a high quality manageable gold business in cha...Agnico Eagle Mines
David Smith, CFO of Agnico Eagle Mines Ltd., presented at the 49 North Resource Conference in San Francisco on December 5, 2013. He discussed Agnico Eagle's improved gold production guidance for 2013, reduced costs, and plans to further improve cash flow generation in 2014. Smith also highlighted Agnico Eagle's portfolio of long-life, low-cost mines in politically stable jurisdictions, moderate production growth outlook, and strong financial position providing flexibility to execute its business plan.
The document provides an overview of Agnico Eagle Mines Limited's corporate update presentation from April 9, 2014. Some key points from the presentation include: Agnico reported record annual gold production of 1.10 million ounces in 2013, beating guidance, with total cash costs of $672/oz, also below guidance. For 2014, Agnico is forecasting further production growth of 16% through 2016, funded by capital expenditures expected to be $416 million. Cash costs and all-in sustaining costs for 2014 are expected to be approximately $678/oz and $990/oz, respectively.
Raymond James Institutional Investors Conference OrlandoAgnico Eagle Mines
The document provides forward-looking statements and notes regarding non-GAAP financial measures for Agnico Eagle Mines Limited. It summarizes Agnico Eagle's fourth quarter and full year 2015 operating results, including record annual gold production of 1.671 million ounces at total cash costs of $567 per ounce. It also outlines Agnico Eagle's strategic plan for 2016 and beyond, focusing on optimizing existing mines and projects, delivering on expectations, building a project pipeline, and developing people. The company aims to improve its cost structure, increase reserve quality, and maximize free cash flow per share.
Ramping Up Brucejack – Presented at the Scotiabank Mining ConferencePretiumR
Pretium Resources is ramping up production at its high-grade Brucejack gold mine in British Columbia, Canada. In the third quarter of 2017, Brucejack produced over 82,000 ounces of gold and achieved commercial production rates. Pretium aims to further increase production and explore regional targets to expand reserves.
- The document summarizes a site visit to the Minera Florida mine in Chile.
- It includes an agenda for the visit with presentations on exploration, the plant operations, and a tour of the mine and exploration areas.
- The management team and six pillars approach are introduced, which focus on improving operations, advancing projects, improving finances, exploration, developing a project pipeline, and rationalizing assets.
- Agnico Eagle provided a corporate update for Q1 2013, noting production and costs were on track with expectations. Key highlights included 236,975 ounces of gold produced at a total cash cost of $740 per ounce.
- Goldex is expected to produce ahead of schedule, with 15,000 ounces in Q4 2013. La India is also ahead of schedule, with commissioning beginning in late Q4 2013 and commercial production in Q1 2014.
- 2013 production guidance remains unchanged at 990,000 ounces of gold. The company expects to generate free cash flow in 2013 with a strong financial position and $264 million in cash and cash equivalents.
BMO Capital Markets Global Metals & Mining Conferenceyamanagold2016
- The document discusses Yamana Gold's operational results and expectations for 2016-2018.
- In 2015, Yamana achieved gold production within guidance and is positioned to meet or exceed 2016 targets following repositioning efforts.
- Yamana provides production, cost, and capital expenditure guidance for 2016 and breakdowns of expected gold production by mine for 2016-2018, projecting year over year growth at lower costs.
- The document also discusses Yamana's development pipeline and 2016 exploration program goals.
New gold baml global metals, mining & steel conference 16 18 may 2017newgold2011
New Gold provides a corporate presentation outlining its portfolio of assets located in top-rated mining jurisdictions. The presentation cautions that statements regarding future performance are forward-looking in nature. New Gold has a diverse portfolio including operating mines and development projects with potential for 800,000 ounces of annual gold production. Key priorities for 2017 include executing on an updated plan for the Rainy River project in Ontario, Canada, advancing organic growth projects, and enhancing financial flexibility.
Yamana Gold provided its third quarter 2016 results. Highlights included gold production of 305,581 ounces from continuing operations, in line with expectations. Costs were impacted by strengthening local currencies but cash flows increased from the prior year. Yamana remains on track to meet or exceed full-year guidance and has continued improving operations and developing projects like Cerro Moro and Suruca. Exploration success at existing mines also provides potential for further resource expansion.
- The document is a corporate presentation from New Gold that contains forward-looking statements and cautionary language regarding those statements.
- It discusses New Gold's portfolio of assets in top-rated jurisdictions including Canada, the US, Mexico, and Australia.
- The presentation provides highlights from 2015 including record gold production that exceeded guidance and lower than planned costs. It also outlines New Gold's growth pipeline and 2016 guidance.
Detour Gold Corporation is a Canadian intermediate gold producer with a long-life, large scale mining operation at Detour Lake Mine in Ontario, Canada. The document provides an overview of Detour Gold's 2017 operating plan and life of mine plan through 2040. It summarizes that production is expected to be between 550,000 to 600,000 ounces in 2017, with total cash costs per ounce between $690-750 and all-in sustaining costs between $1,025-1,125. The 2017 budget includes $155 million in sustaining capital and $160-180 million total capital expenditures. The updated life of mine plan outlines mining through 2040 with average annual gold production of 656,000 ounces and a
- Agnico Eagle exceeded gold production guidance for the fourth consecutive year, producing 1.671 million ounces of gold in 2015 at total cash costs of $567 per ounce.
- Stable production of approximately 1.53 million ounces per year is expected from 2016-2018, with 2016 guidance of 1.525-1.565 million ounces at total cash costs of $590-630 per ounce.
- Gold reserve grades increased at key mines in 2015 and significant increases in measured, indicated, and inferred gold resources were reported, while gold reserves declined only slightly.
The Nunavut Experience Mining and Exploring North of 60Agnico Eagle Mines
The document discusses permitting for mining and exploration projects in Nunavut, Canada. It notes that [1] Inuit organizations own subsurface and surface rights to portions of the land in Nunavut. [2] Key Inuit organizations that must be engaged with for agreements include Nunavut Tungavik Incorporated and regional Inuit organizations. [3] Permitting for exploration projects in Nunavut involves engaging with both Inuit organizations and various federal and territorial government bodies.
This corporate presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. Key highlights include:
- Detour Lake mine is a top-ranked, large scale, long-life asset with over 16 million ounces of reserves and projected mine life of over 20 years.
- Production is expected to grow from 550,000 to 600,000 ounces in 2017 to over 600,000 ounces annually by 2018 through optimization and growth projects.
- The company has an organic growth pipeline including the West Detour development project and exploration at Zone 58N and Lower Detour.
- Updated life of mine plan outlines average annual production of over 650,000 ounces at total site costs of $758/
- The document discusses forward-looking statements and risks associated with Wheaton Precious Metals' business, including commodity price fluctuations and tax disputes.
- Readers are strongly cautioned to review risk factors described in the document and in Wheaton's regulatory filings.
- The document contains Wheaton's cautionary statements regarding forward-looking projections and mineral reserve estimates.
Bank of America Merrill Lynch 2016 Global Metals, Mining & Steel ConferenceAgnico Eagle Mines
This document is from Agnico Eagle's presentation at the 2016 Bank of America Merrill Lynch Global Metals, Mining & Steel Conference in May 2016. It includes forward-looking statements regarding Agnico Eagle's estimated production metrics, costs, and project timelines that are based on certain assumptions that may prove to be incorrect. It also notes that certain non-GAAP financial measures are used such as total cash costs per ounce and all-in sustaining costs per ounce, and provides definitions for these terms. The presentation contains cautionary language regarding the risks and uncertainties inherent in forward-looking information.
Osisko is acquiring Orion's portfolio of 6 streams, 61 royalties and 7 offtakes for total consideration of C$1,125 million. This transaction more than triples Osisko's number of producing assets and doubles its near-term cash flow. The combined company will have a highly attractive portfolio of world class development and exploration royalties with expected cash flow growth of 13% per year through 2023. The transaction creates a leading precious metals royalty and streaming company with a strong growth profile and focus on North America and gold.
Agnico Eagle provides a corporate update and discusses its second quarter 2013 results. Key points include:
- Production for Q2 was 224,089 ounces of gold at total cash costs of $785 per ounce, in line with expectations. Financial results were impacted by lower commodity prices and a maintenance shutdown at the Kittila mine.
- Significant capital and cost reductions of approximately $50 million in 2013 and $200 million in 2014 are planned, while production guidance for 2013-2015 is maintained.
- Production is expected to increase in the second half of 2013 due to the resumption of normal operations at Kittila and anticipated improvements in grades at Meadowbank and LaRonde mines.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BMO Metals & Mining Conference on February 29, 2016. The presentation included forward-looking statements and cautioned that actual results could differ materially from expectations. It provided an overview of Newmont's strategy to improve the underlying business, strengthen its portfolio, and create shareholder value. Key highlights included ongoing cost and efficiency improvements, a focus on projects with long mine lives and lower costs, and strong financial and operating performance.
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Key highlights from 2016 include gold production of 394,253 ounces at an all-in sustaining cost of $960 per ounce sold and earnings from mine operations of $90 million. The presentation discusses Q3 2016 operating results and costs, preliminary 2017 guidance, the Campbell Pit plan for 2017, a focus on advancing the prospective Zone 58N, and safety performance.
Alamos corp presentation june 22 2017 finalalamosgoldinc
This June 2017 corporate presentation from Alamos Gold provides an overview of the company and cautions readers about forward-looking statements. It summarizes that Alamos is forecasting 2017 gold production of 400,000-430,000 ounces from its three North American mines at an all-in sustaining cost of $940 per ounce, representing a 7% improvement from 2016. It also notes that Alamos has a strong balance sheet as a debt-free company with $156 million in cash plus an undrawn $150 million credit facility to support its portfolio of six low-cost development projects and track record of delivering shareholder value.
This document provides an overview of Alamos Gold Inc., including:
- Production guidance of 400,000-430,000 ounces of gold from three North American mines in 2017.
- AISC of $940 per ounce in 2017, a 7% improvement from 2016.
- A portfolio of 6 low-cost development projects and exploration properties that provide a platform for long-term growth.
Corporate update John Tumazos Very Independent Research March 31, 2014Agnico Eagle Mines
Agnico Eagle provided a corporate update on March 31, 2014. Key highlights included record annual gold production in 2013 of 1.1 million ounces at total cash costs of $672 per ounce. Production is forecast to grow 16% through 2016 to 1.275 million ounces. Capital spending is expected to decline to $416 million in 2014. Cash costs and all-in sustaining costs are forecast to be $678 and $990 per ounce respectively in 2014, trending lower going forward. Agnico Eagle has a strong balance sheet with $170 million in cash and $1 billion in available credit to provide financial flexibility.
1) Agnico Eagle Mines Limited is a gold producer focused on delivering total shareholder return through growing gold reserves and production in mining friendly regions.
2) In the first half of 2012, Agnico Eagle had record gold production and strong earnings and cash flow that continued to strengthen its balance sheet.
3) Agnico Eagle's operations and projects include LaRonde, Lapa, Kittila, Pinos Altos, La India, Meadowbank, and Meliadine, which are expected to provide measured production growth into the future.
Agnico-Eagle Mines Limited reported strong second quarter 2012 results, with record quarterly gold production from currently operating mines of 265,350 ounces at total cash costs of $660 per ounce. Cash provided by operating activities was a record $194 million for the quarter. Production guidance for 2012 was increased to approximately 975,000 ounces of gold. The company has a portfolio of quality, long-life mines that continue to perform well and provide low-risk production growth from existing assets. Significant exploration upside and reserve growth have been demonstrated at the company's 100%-owned assets.
Ramping Up Brucejack – Presented at the Scotiabank Mining ConferencePretiumR
Pretium Resources is ramping up production at its high-grade Brucejack gold mine in British Columbia, Canada. In the third quarter of 2017, Brucejack produced over 82,000 ounces of gold and achieved commercial production rates. Pretium aims to further increase production and explore regional targets to expand reserves.
- The document summarizes a site visit to the Minera Florida mine in Chile.
- It includes an agenda for the visit with presentations on exploration, the plant operations, and a tour of the mine and exploration areas.
- The management team and six pillars approach are introduced, which focus on improving operations, advancing projects, improving finances, exploration, developing a project pipeline, and rationalizing assets.
- Agnico Eagle provided a corporate update for Q1 2013, noting production and costs were on track with expectations. Key highlights included 236,975 ounces of gold produced at a total cash cost of $740 per ounce.
- Goldex is expected to produce ahead of schedule, with 15,000 ounces in Q4 2013. La India is also ahead of schedule, with commissioning beginning in late Q4 2013 and commercial production in Q1 2014.
- 2013 production guidance remains unchanged at 990,000 ounces of gold. The company expects to generate free cash flow in 2013 with a strong financial position and $264 million in cash and cash equivalents.
BMO Capital Markets Global Metals & Mining Conferenceyamanagold2016
- The document discusses Yamana Gold's operational results and expectations for 2016-2018.
- In 2015, Yamana achieved gold production within guidance and is positioned to meet or exceed 2016 targets following repositioning efforts.
- Yamana provides production, cost, and capital expenditure guidance for 2016 and breakdowns of expected gold production by mine for 2016-2018, projecting year over year growth at lower costs.
- The document also discusses Yamana's development pipeline and 2016 exploration program goals.
New gold baml global metals, mining & steel conference 16 18 may 2017newgold2011
New Gold provides a corporate presentation outlining its portfolio of assets located in top-rated mining jurisdictions. The presentation cautions that statements regarding future performance are forward-looking in nature. New Gold has a diverse portfolio including operating mines and development projects with potential for 800,000 ounces of annual gold production. Key priorities for 2017 include executing on an updated plan for the Rainy River project in Ontario, Canada, advancing organic growth projects, and enhancing financial flexibility.
Yamana Gold provided its third quarter 2016 results. Highlights included gold production of 305,581 ounces from continuing operations, in line with expectations. Costs were impacted by strengthening local currencies but cash flows increased from the prior year. Yamana remains on track to meet or exceed full-year guidance and has continued improving operations and developing projects like Cerro Moro and Suruca. Exploration success at existing mines also provides potential for further resource expansion.
- The document is a corporate presentation from New Gold that contains forward-looking statements and cautionary language regarding those statements.
- It discusses New Gold's portfolio of assets in top-rated jurisdictions including Canada, the US, Mexico, and Australia.
- The presentation provides highlights from 2015 including record gold production that exceeded guidance and lower than planned costs. It also outlines New Gold's growth pipeline and 2016 guidance.
Detour Gold Corporation is a Canadian intermediate gold producer with a long-life, large scale mining operation at Detour Lake Mine in Ontario, Canada. The document provides an overview of Detour Gold's 2017 operating plan and life of mine plan through 2040. It summarizes that production is expected to be between 550,000 to 600,000 ounces in 2017, with total cash costs per ounce between $690-750 and all-in sustaining costs between $1,025-1,125. The 2017 budget includes $155 million in sustaining capital and $160-180 million total capital expenditures. The updated life of mine plan outlines mining through 2040 with average annual gold production of 656,000 ounces and a
- Agnico Eagle exceeded gold production guidance for the fourth consecutive year, producing 1.671 million ounces of gold in 2015 at total cash costs of $567 per ounce.
- Stable production of approximately 1.53 million ounces per year is expected from 2016-2018, with 2016 guidance of 1.525-1.565 million ounces at total cash costs of $590-630 per ounce.
- Gold reserve grades increased at key mines in 2015 and significant increases in measured, indicated, and inferred gold resources were reported, while gold reserves declined only slightly.
The Nunavut Experience Mining and Exploring North of 60Agnico Eagle Mines
The document discusses permitting for mining and exploration projects in Nunavut, Canada. It notes that [1] Inuit organizations own subsurface and surface rights to portions of the land in Nunavut. [2] Key Inuit organizations that must be engaged with for agreements include Nunavut Tungavik Incorporated and regional Inuit organizations. [3] Permitting for exploration projects in Nunavut involves engaging with both Inuit organizations and various federal and territorial government bodies.
This corporate presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. Key highlights include:
- Detour Lake mine is a top-ranked, large scale, long-life asset with over 16 million ounces of reserves and projected mine life of over 20 years.
- Production is expected to grow from 550,000 to 600,000 ounces in 2017 to over 600,000 ounces annually by 2018 through optimization and growth projects.
- The company has an organic growth pipeline including the West Detour development project and exploration at Zone 58N and Lower Detour.
- Updated life of mine plan outlines average annual production of over 650,000 ounces at total site costs of $758/
- The document discusses forward-looking statements and risks associated with Wheaton Precious Metals' business, including commodity price fluctuations and tax disputes.
- Readers are strongly cautioned to review risk factors described in the document and in Wheaton's regulatory filings.
- The document contains Wheaton's cautionary statements regarding forward-looking projections and mineral reserve estimates.
Bank of America Merrill Lynch 2016 Global Metals, Mining & Steel ConferenceAgnico Eagle Mines
This document is from Agnico Eagle's presentation at the 2016 Bank of America Merrill Lynch Global Metals, Mining & Steel Conference in May 2016. It includes forward-looking statements regarding Agnico Eagle's estimated production metrics, costs, and project timelines that are based on certain assumptions that may prove to be incorrect. It also notes that certain non-GAAP financial measures are used such as total cash costs per ounce and all-in sustaining costs per ounce, and provides definitions for these terms. The presentation contains cautionary language regarding the risks and uncertainties inherent in forward-looking information.
Osisko is acquiring Orion's portfolio of 6 streams, 61 royalties and 7 offtakes for total consideration of C$1,125 million. This transaction more than triples Osisko's number of producing assets and doubles its near-term cash flow. The combined company will have a highly attractive portfolio of world class development and exploration royalties with expected cash flow growth of 13% per year through 2023. The transaction creates a leading precious metals royalty and streaming company with a strong growth profile and focus on North America and gold.
Agnico Eagle provides a corporate update and discusses its second quarter 2013 results. Key points include:
- Production for Q2 was 224,089 ounces of gold at total cash costs of $785 per ounce, in line with expectations. Financial results were impacted by lower commodity prices and a maintenance shutdown at the Kittila mine.
- Significant capital and cost reductions of approximately $50 million in 2013 and $200 million in 2014 are planned, while production guidance for 2013-2015 is maintained.
- Production is expected to increase in the second half of 2013 due to the resumption of normal operations at Kittila and anticipated improvements in grades at Meadowbank and LaRonde mines.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BMO Metals & Mining Conference on February 29, 2016. The presentation included forward-looking statements and cautioned that actual results could differ materially from expectations. It provided an overview of Newmont's strategy to improve the underlying business, strengthen its portfolio, and create shareholder value. Key highlights included ongoing cost and efficiency improvements, a focus on projects with long mine lives and lower costs, and strong financial and operating performance.
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Key highlights from 2016 include gold production of 394,253 ounces at an all-in sustaining cost of $960 per ounce sold and earnings from mine operations of $90 million. The presentation discusses Q3 2016 operating results and costs, preliminary 2017 guidance, the Campbell Pit plan for 2017, a focus on advancing the prospective Zone 58N, and safety performance.
Alamos corp presentation june 22 2017 finalalamosgoldinc
This June 2017 corporate presentation from Alamos Gold provides an overview of the company and cautions readers about forward-looking statements. It summarizes that Alamos is forecasting 2017 gold production of 400,000-430,000 ounces from its three North American mines at an all-in sustaining cost of $940 per ounce, representing a 7% improvement from 2016. It also notes that Alamos has a strong balance sheet as a debt-free company with $156 million in cash plus an undrawn $150 million credit facility to support its portfolio of six low-cost development projects and track record of delivering shareholder value.
This document provides an overview of Alamos Gold Inc., including:
- Production guidance of 400,000-430,000 ounces of gold from three North American mines in 2017.
- AISC of $940 per ounce in 2017, a 7% improvement from 2016.
- A portfolio of 6 low-cost development projects and exploration properties that provide a platform for long-term growth.
Corporate update John Tumazos Very Independent Research March 31, 2014Agnico Eagle Mines
Agnico Eagle provided a corporate update on March 31, 2014. Key highlights included record annual gold production in 2013 of 1.1 million ounces at total cash costs of $672 per ounce. Production is forecast to grow 16% through 2016 to 1.275 million ounces. Capital spending is expected to decline to $416 million in 2014. Cash costs and all-in sustaining costs are forecast to be $678 and $990 per ounce respectively in 2014, trending lower going forward. Agnico Eagle has a strong balance sheet with $170 million in cash and $1 billion in available credit to provide financial flexibility.
1) Agnico Eagle Mines Limited is a gold producer focused on delivering total shareholder return through growing gold reserves and production in mining friendly regions.
2) In the first half of 2012, Agnico Eagle had record gold production and strong earnings and cash flow that continued to strengthen its balance sheet.
3) Agnico Eagle's operations and projects include LaRonde, Lapa, Kittila, Pinos Altos, La India, Meadowbank, and Meliadine, which are expected to provide measured production growth into the future.
Agnico-Eagle Mines Limited reported strong second quarter 2012 results, with record quarterly gold production from currently operating mines of 265,350 ounces at total cash costs of $660 per ounce. Cash provided by operating activities was a record $194 million for the quarter. Production guidance for 2012 was increased to approximately 975,000 ounces of gold. The company has a portfolio of quality, long-life mines that continue to perform well and provide low-risk production growth from existing assets. Significant exploration upside and reserve growth have been demonstrated at the company's 100%-owned assets.
The document provides an update on Agnico-Eagle Mines' operations for August 18, 2011. It summarizes production highlights and challenges at each of its mine sites, including steady performance but narrow stopes at LaRonde, record throughput but soil subsidence issues at Goldex, continued strong performance at Lapa, and improvements in throughput and cost reductions at Meadowbank following the start-up of its secondary crushing plant. Exploration results are also promising at depth for Goldex and Meliadine. Challenges discussed include mining conditions, water management, and high costs.
Agnico-Eagle Mines Limited provided forward-looking statements and information regarding its third quarter 2011 results. The document notes that certain statements constitute forward-looking statements that are subject to risks and uncertainties. It then provides a summary of production and financial results for the third quarter, including record gold production at Pinos Altos and record throughput at Kittila and Meadowbank. The document also notes that Goldex operations have been suspended indefinitely.
Agnico Eagle reported its second quarter 2013 results in July 2013. Q2 gold production was 224,089 ounces at total cash costs of $785 per ounce, in line with expectations. Financial results were impacted by lower commodity prices, a maintenance shutdown at the Kittila mine, and concentrate settlement adjustments. The company announced significant capital and cost reductions of approximately $50 million in 2013 and $200 million in 2014 while maintaining production guidance for 2013 to 2015.
The document provides an overview of Agnico Eagle Mines Ltd's corporate update for September 2013. It includes forward-looking statements and notes of caution about factors that could affect the company's projections. Highlights include Q2 2013 gold production of 224,089 ounces at total cash costs of $785 per ounce. Financial results were impacted by lower commodity prices and a maintenance shutdown at the Kittila mine. The company announced significant capital and cost reductions for 2013-2014 while maintaining production guidance. Key projects discussed include the LaRonde cooling plant expansion, drilling at Lapa and Zulapa, the Kittila autoclave restart, and development projects at La India and Goldex scheduled to begin production in late 2013.
Agnico-Eagle Mines Limited reported its third quarter 2012 results in October 2012. The company achieved record quarterly gold production of 286,971 ounces at total cash costs of $556 per ounce. Cash flow from operations was also a record at $199 million for the quarter. Agnico increased its 2012 gold production guidance to approximately 1,025,000 ounces and lowered its total cash cost guidance to approximately $660 per ounce. The company's portfolio of long-life mines continued to perform well, and it expects low political risk and meaningful production growth from existing assets.
Agnico Eagle reported its fourth quarter and full year 2017 results. Some highlights include:
- Production guidance for 2018 of 1.75-1.8 million ounces of gold at total cash costs between $650-700 per ounce and AISC of $950-1000 per ounce.
- Continued progress on construction at the Meliadine and Amaruq projects in Nunavut, with production expected to begin in 2019.
- Exploration success at several mines, with potential to extend mine lives and add new resources.
The document provides an overview of Agnico Eagle's corporate update presentation from January 2018. It includes forward-looking statements and notes regarding non-GAAP measures. The summary highlights Agnico Eagle's growing production base, high quality long life assets, strategy of value creation, track record of meeting guidance, mineral reserves and resources, successful M&A and exploration adding value, and project pipeline expected to drive further production growth to 2 million ounces by 2020.
Bank of America Merrill Lynch 2016 Global Metals, Mining EventAgnico Eagle Mines
This document provides an overview of Agnico Eagle Mines Limited's presentation at the 22nd Annual Canada Mining Event hosted by Bank of America Merrill Lynch in September 2016. It contains forward-looking statements about Agnico Eagle's production guidance, costs, projects and growth plans. It also notes the risks associated with forward-looking statements and provides details on Agnico Eagle's non-GAAP financial measures and production guidance methodology. Finally, it highlights Agnico Eagle's strategy of value creation through consistent performance, production growth, high-quality reserves, exploration success and financial strength.
- Agnico Eagle reported strong fourth quarter and full year 2015 results, exceeding annual gold production guidance for the fourth consecutive year.
- For 2016, the company expects gold production of 1.525-1.565 million ounces at total cash costs of $590-630 per ounce, with continued stable production and costs through 2018.
- Significant increases in gold resources were reported at the Amaruq, El Barqueño, and Sisar Zone projects, which could support future production growth beyond 2019.
Agnico Eagle held a Denver Gold Forum in September 2016 to provide information to investors. The document included forward-looking statements about production guidance, costs, and other estimates. It noted the risks that actual results may differ from expectations due to uncertainties in metal prices, costs, and other factors. It also summarized the company's strategy of production growth from its existing assets, high-quality gold reserves with above-average grades, and exploration adding new resources.
This document provides an overview and summary of Agnico Eagle Mines Limited's operations for the first half of 2014. It summarizes production results, financial highlights, and operating performance at each of Agnico Eagle's mine sites. Key points include total gold production of 692,480 ounces for the first half of 2014 at an average total cash cost of $579 per ounce. Agnico Eagle also increased its 2014 production guidance to between 1.35 to 1.37 million ounces of gold.
Raymond james-39th-annual-institutional-investors-conferenceAgnico Eagle Mines
- The document provides forward-looking statements regarding Agnico Eagle's operations, projects, production estimates, costs, and cash flows.
- It notes key assumptions underlying these statements and risks that could cause actual results to differ materially.
- Non-GAAP financial measures including total cash costs, all-in sustaining costs, and minesite costs are discussed and reconciled to IFRS measures.
This document provides forward-looking statements and notes to investors regarding Agnico Eagle's corporate update presentation at the Scotiabank Mining Conference in December 2017. It outlines key assumptions and risk factors for Agnico Eagle's projections, including commodity prices, production estimates, costs estimates, currency fluctuations, and permitting/development timelines. It also notes that certain terms used in the presentation, such as total cash costs per ounce and all-in sustaining costs per ounce, are non-GAAP measures and provides reconciliations to IFRS measures.
Agnico Eagle reported record quarterly gold production of 366,421 ounces with total cash costs of $537 per ounce in Q1 2014. Production was particularly strong at Meadowbank, with 156,444 ounces produced at a total cash cost of $434 per ounce. Agnico Eagle expects to exceed its 2014 production guidance of 1.205 million ounces and remain below the lower end of its cash cost forecast of $670 per ounce. The company also announced a joint acquisition with Yamana Gold of Osisko Mining Corporation on April 16, 2014.
- Agnico Eagle provides a corporate update for September 2016, outlining key points such as production growth targets, high quality gold reserves, ongoing exploration success, and a strong balance sheet.
- The company has a goal of producing over 2 million ounces of gold annually by 2020 through exploiting its existing asset base, which contains high average grade reserves over double the industry average.
- Exploration continues to deliver value by expanding reserves and resources at mines such as Kittila, Meadowbank, Meliadine, Pinos Altos, and La India.
This document provides an overview of Agnico Eagle Mines Limited's annual and special meeting on April 29, 2016. It includes forward-looking statements about production guidance, costs, and projects. It notes the risks associated with forward-looking statements and provides non-GAAP financial measures to assess performance. The company has a strong track record of exceeding production guidance and lowering costs. It is positioned for growth through optimizing existing operations, exploration success adding reserves, and a pipeline of development projects expected to increase production by 30-40% by 2020.
This document provides a corporate update for Agnico Eagle. It discusses Agnico Eagle's increased gold production guidance for 2014 and 2015, driven by strong operational performance at Meadowbank, Kittila, and Mexican operations. Production is forecast to increase 14% to 1.6 million ounces in 2015 while total cash costs are expected to decline 6% from 2014 levels. The document also addresses Agnico Eagle's financial position and flexibility.
This document provides an overview of Scotiabank's BBQ on August 15, 2014 and discusses Agnico Eagle's operations. It includes forward-looking statements about production guidance, costs, exploration results and studies. It also notes the acquisition of Osisko Mining Corporation and formation of a joint venture to operate the Canadian Malartic mine. Finally, it summarizes highlights and recent developments at Agnico Eagle's northern mines including LaRonde, Meadowbank, Canadian Malartic JV, and Kittila.
The document provides an update on Agnico Eagle Mines for August 2016. It includes forward-looking statements and notes of caution regarding the use of non-GAAP measures in financial presentations. The update discusses Agnico Eagle's consistent strategy of production growth, high quality gold reserves with above peer average grades, strong balance sheet, and exploration as a value driver. It also provides highlights on recent operational and financial results and production guidance into 2019 and beyond.
- Agnico Eagle and Yamana Gold jointly acquired Osisko Mining Corporation on June 16, 2014 to form the Canadian Malartic General Partnership.
- Production guidance for 2014 was increased to 1.35-1.37 million ounces of gold with total cash costs forecasted between $650-675 per ounce.
- Exploration drilling at the IVR discovery near Meadowbank continues to expand the mineralization, with four mineralized zones now outlined and mineralization remaining open in all directions.
- Agnico Eagle reported second quarter 2018 results with total payable gold production of 404,961 ounces and total cash costs per ounce of $656.
- Production guidance for 2018 was increased to 1.58 million ounces of gold from 1.53 million ounces previously.
- The Amaruq project received permit approval and preliminary construction work began, while the Meliadine project remains on schedule for first production in Q2 2019.
- LaRonde Zone 5 declared commercial production as of June 1, 2018 and the mine life at Lapa was extended until the fourth quarter of 2018.
This document provides an overview of Agnico Eagle's European Gold Forum presentation in Zurich in April 2016. It includes forward-looking statements about production guidance and costs. It also notes that total cash costs, all-in sustaining costs, and minesite costs per tonne are non-GAAP measures and provides definitions for these terms. Finally, it directs readers to Agnico Eagle's regulatory filings for further information.
Agnico Eagle reported its fourth quarter and full year 2016 results. Key highlights included:
1) Continued strong operating performance in 2016 with gold production exceeding guidance and lower than expected costs.
2) The Amaruq satellite deposit at Meadowbank and the Meliadine project were approved for development with both expected to start up in Q3 2019.
3) A four-year production guidance was issued with gold production expected to increase from current levels to 2 million ounces by 2020 and unit costs expected to decline over that period.
Agnico Eagle reported its first quarter 2016 results on April 29, 2016. The document provides forward-looking statements regarding Agnico Eagle's expectations for production, costs, capital expenditures, and other estimates. It notes that actual results may differ materially from expectations due to risks and uncertainties in the business. The document also explains non-GAAP measures used to evaluate performance such as total cash costs per ounce and all-in sustaining costs per ounce.
- Agnico Eagle reported strong Q3 2014 operating performance with gold production of 349,273 oz and total cash costs of $716/oz.
- Production for 2014 is expected to exceed guidance and reach approximately 1.4 Moz, while 2015 guidance is increased to approximately 1.6 Moz due to higher forecasts at Meadowbank, Kittila, and Mexican operations.
- Upgrades at LaRonde, lower costs at Goldex, and optimization at Canadian Malartic position the Abitibi operations for increased performance going forward.
The document provides supplemental information for Agnico Eagle Mines in May 2021. It discusses the company's operating mines across Canada, Finland, and Mexico which are expected to produce around 850,000 ounces of gold per year in the Abitibi region. Exploration plans are outlined to extend mine life at operations like LaRonde, Goldex, and Kittila. The acquisition of TMAC Resources and its Hope Bay mine in Nunavut is also summarized, which could potentially produce 250,000-300,000 ounces annually starting in 2024.
The LaRonde mine achieved record quarterly gold production of 105,345 ounces due to higher tonnage and grades from mining areas. Production guidance for 2017 was increased to over 1.68 million ounces of gold and unit costs were reduced based on strong year-to-date operational performance across Agnico Eagle's mines. Exploration continues at LaRonde to evaluate mining below current levels and infill drilling is ongoing to define higher grade mineralization in the western portions of the deposit.
Operations continue to deliver strong performance in the second quarter of 2017, with total gold production of 427,743 ounces and total cash costs per ounce of $556. Infill and exploration drilling at multiple properties, including LaRonde and Amaruq, yielded positive results that are expected to result in mineral resource additions and conversions. The Meliadine project is progressing on schedule and budget, with underground development ahead of plan and engineering 80% complete at the end of June 2017.
BMO Capital Markets 26th Global Metals & Mining ConferenceAgnico Eagle Mines
- The document discusses Agnico Eagle's forward-looking statements and provides context for non-GAAP financial measures used. It notes key assumptions and risks that could impact projections.
- Agnico Eagle exceeded 2016 production guidance of 1.6 million ounces at total cash costs of $600 per ounce. Production was 1.66 million ounces at total cash costs of $573 per ounce.
- New four-year guidance forecasts production growth to over 2 million ounces in 2020 as the Amaruq and Meliadine projects come online. Costs are expected to decline as production increases.
Raymond James 38th Annual Institutional Investors ConferenceAgnico Eagle Mines
The document provides forward-looking statements and notes regarding Agnico Eagle's presentation at the Raymond James 38th Annual Institutional Investors Conference in March 2017. It discusses Agnico Eagle's solid production base, high quality long life assets, and proven value creating strategy. It also summarizes Agnico Eagle's 2016 operating and financial highlights, 2016 exploration and reserve highlights, and track record of meeting production guidance. Finally, it notes Agnico Eagle mined below its average reserve grade in 2016 and successfully replaced reserves and resources with grades remaining unchanged.
- Agnico Eagle provides a corporate update for November 2016, outlining its consistent strategy and solid execution that drives superior per share returns.
- Production is expected to grow to approximately 2.0 million ounces of gold in 2020 from its existing asset base.
- Agnico Eagle has high quality gold reserves with an average grade more than double that of North American peers that will support production growth.
- Exploration continues to be a key value driver, with several prospects delivering results.
The document provides an overview of Agnico Eagle's Kittila mine site visit in November 2016. Some key points:
- Kittila is Agnico Eagle's largest gold mine in Europe and has estimated reserves to continue operations through 2035.
- Underground development and mining rates are being optimized to fully access the Rimpi and newly discovered Sisar zones.
- Drilling in Q3 2016 yielded the widest intercept to date in the Sisar Central Zone of 6.6 g/t gold over 12.7 metres.
- The processing plant uses pressure oxidation in an autoclave to treat the refractory gold ore, followed by milling, flotation, leaching and electrowin
The Barsele Gold Project is located in northern Sweden near existing infrastructure. Agnico Eagle has a 55% interest in the project. Previous exploration identified gold mineralization at the Central, Avan, and Skiråsen zones. In 2015-2016, Agnico Eagle conducted drilling programs to expand and define these zones, with the goal of releasing an initial inferred resource estimate by the end of 2016. Drilling to date has shown potential to extend mineralization to depth at the Avan zone.
The document discusses Agnico Eagle's third quarter 2016 results. It provides forward-looking statements regarding production guidance, projects, and costs. It notes the risks and assumptions underlying the forward-looking statements. It also discusses non-GAAP measures used to evaluate performance such as total cash costs per ounce and all-in sustaining costs per ounce.
- The document is a presentation from Agnico Eagle Mines Limited given at a Scotia BBQ on August 18, 2016.
- It discusses Agnico Eagle's forward-looking statements and production guidance, provides an overview of the company's strong financial position and long history of dividend payments, and outlines its growth strategy through projects in its development pipeline.
- Agnico Eagle has successfully grown production and reserves through acquisitions and exploration over the past decade and expects its project pipeline to drive a new phase of 30-40% production growth by 2020.
Agnico Eagle reported strong results for the second quarter of 2016, including:
- Gold production of 408,932 ounces at total cash costs of $592 per ounce
- Increased 2016 production guidance to 1.58-1.6 million ounces at lower costs
- Repaid $210 million credit facility balance and $20 million loan, reducing net debt to $742 million
- Declared a 25% increased quarterly dividend to $0.10 per share
- Agnico Eagle reported its third quarter 2015 results on October 29, 2015.
- The document discusses forward-looking statements regarding production guidance, costs, and expansion projects and contains risks and assumptions.
- It also notes that certain measures used are non-GAAP measures and provides reconciliations to IFRS, and that production guidance is based on reserves but includes contingencies and different price assumptions than reserves.
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AEM/Yamana Offer for Osisko
1. PARTNERING TO PROVIDE SUPERIOR VALUE
APRIL 16, 2014
Sean Boyd, CEO
Agnico Eagle Mines Limited
AEM – TSX, NYSE
Peter Marrone, CEO
Yamana Gold Inc.
YRI – TSX; AUY – NYSE
Sean Roosen, CEO
Osisko Mining Corporation
OSK – TSX
2. 2
FORWARD LOOKING STATEMENTS
The information in this document has been prepared as at April 16, 2014. Certain statements contained in this document constitute “forward-looking statements”
within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian provincial
securities laws. When used in this document, the words “anticipate”, “expect”, “estimate”, “forecast”, “will”, “planned”, and similar expressions are intended to identify
forward-looking statements or information.
Such statements include without limitation: statements regarding the timing and closing of the transactions contemplated by the Agreement (the “Transaction”),
statements regarding synergies resulting from the Transaction, statements regarding the effect of the Transaction on Agnico Eagle and Yamana’s net asset value,
operating cash flow, free cash flow, production, reserves, resources, total cash costs, all-in sustaining costs, and debt levels, statements regarding timing and
amounts of capital expenditures and other assumptions; estimates of future reserves, resources, mineral production, optimization efforts and sales; estimates of
mine life; estimates of future internal rates of return, mining costs, total cash costs, minesite costs, all-in sustaining costs and other expenses; estimates of future
capital expenditures and other cash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain ore
deposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of such exploration, development and
production or decisions with respect to such exploration, development and production; estimates of reserves and resources, and statements and information
regarding anticipated future exploration; the anticipated timing of events with respect to the Company’s mine sites and statements and information regarding the
sufficiency of the Company’s cash resources. Such statements and information reflect the Company’s views as at the date of this document and are subject to
certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknown
could cause the actual results to be materially different from those expressed or implied by such forward looking statements and information. Such risks include, but
are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates;
uncertainty of future production, capital expenditures, and other costs; currency fluctuations; financing of additional capital requirements; cost of exploration and
development programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of the
Company’s stock price; and risks associated with the Company’s byproduct metal derivative strategies. For a more detailed discussion of such risks and other
factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this document, see the Company’s
Annual Information Form for the year ended December 31, 2013 filed on SEDAR at www.sedar.com and included in the Company’s Form 40-F for the year ended
December 31, 2013 filed on EDGAR at www.sec.gov, as well as the Company’s other filings with the Canadian securities regulators and the U.S. Securities and
Exchange Commission. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information. For a
detailed breakdown of the Company’s reserve and resource position see the Company’s Annual Information Form or Form 40-F.
3. 3
NOTES TO INVESTORS
Note Regarding the Use of Non-GAAP Financial Measures
This document presents estimates of future “total cash costs per ounce”, “minesite costs per tonne”, and “all-in sustaining cost” that are not recognized measures
under United States generally accepted accounting principles (“US GAAP”). This data may not be comparable to data presented by other gold producers. These
future estimates are based upon the total cash costs per ounce and minesite costs per tonne that the Company expects to incur to mine gold at the applicable sites
and do not include production costs attributable to accretion expense and other asset retirement costs, which will vary over time as each project is developed and
mined. It is therefore not practicable to reconcile these forward-looking non-GAAP financial measures to the most comparable GAAP measure. A reconciliation of
the Company’s total cash costs per ounce, all-in sustaining cost per ounce, and minesite costs per tonne to the most comparable financial measures calculated and
presented in accordance with US GAAP for the Company’s historical results of operations is set forth in the Company’s annual management’s discussion and
analysis (“MD&A”) for the year ended December 31, 2013 available on SEDAR at www.sedar.com and included in the Company’s Form 40-F available on EDGAR
at www.sec.gov, as well as the Company’s other filings with the Canadian securities regulators and the SEC.
Note Regarding Production Guidance
The gold production guidance is based on the Company’s mineral reserves but includes contingencies and assumes metal prices and foreign exchange rates that
are different from those used in the reserve estimates. These factors and others mean that the gold production guidance presented in this disclosure does not
reconcile exactly with the production models used to support these mineral reserves.
5. 5
TRANSACTION DESCRIPTION
• Joint offer to acquire 100% of Osisko’s outstanding common shares valued at C$3.9
billion or C$8.15 per share
• Agnico Eagle and Yamana to enter into a partnership on Canadian Malartic mine, and
jointly manage the Kirkland Lake and Hammond Reef projects
Joint operating committee for Canadian Malartic
• New Company (“Spinco”) component of joint offer valued at C$575 million or C$1.20
per share
Spinco will retain C$155 million cash; 5% NSR on Canadian Malartic; 2% NSR on
Kirkland Lake properties, Hammond Reef, and Pandora properties; a portfolio of
marketable investments; and Osisko’s Mexican exploration properties
CREATING A POWERFUL STRATEGIC PARTNERSHIP
6. 6
Source: Estimates based on Osisko press release dated March 20, 2014.
CANADIAN MALARTIC PRODUCTION AND COST PROFILE
$0
$100
$200
$300
$400
$500
$600
$700
0
100
200
300
400
500
600
700
800
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
CashCosts(US$/oz)
AttributableGoldProduction(koz)
Gold Production Cash Costs
7. 7
SOLIDIFIES AGNICO EAGLE AND YAMANA AS LEADERS IN THE MID-TIER
SPACE
GOLD RESERVES (M OZ)
Note: As of December 31, 2013
(1) Based on updated resource estimate for Canadian Malartic as announced on March 20, 2014
(2) Represented on a gold equivalent basis
(3) Reserves are reported in attributable ounces
(4) As of Dec 31, 2013, reserves are reported in attributable ounces
(1)(2) (1) (1)(2)
Proven & Probable
(3) (4)
26.4
23.2
21.6
18.5 18.5
16.9
10.1
9.4
Eldorado PF Yamana PF Agnico Eagle New Gold Yamana Agnico Eagle IAMGOLD Osisko
8. 8
Bid Price • C$8.15 per Osisko share
• C$3.9 billion equity value
Consideration Offered • C$2.09 in cash per Osisko share, equal contribution by Agnico Eagle and Yamana
• 0.07264 of Agnico Eagle common shares (value of C$2.43 per share), 0.26471 of
Yamana common shares (value of C$2.43 per share)
• C$1.20 per share in Spinco common shares
Structure • Joint offer to acquire 100% of Osisko’s outstanding common shares
• Agnico Eagle and Yamana become equal partners in Osisko’s Canadian Malartic mine
and the Kirkland Lake and Hammond Reef projects
• Canadian Malartic mine to be operated through a joint operating committee
Premium • 11% premium to the implied value of the current Goldcorp hostile bid
• 10% premium to Osisko’s close on April 15, 2014
Financing • Agnico Eagle and Yamana will each fund C$501 million in cash
• Remaining consideration in Agnico Eagle and Yamana shares plus shares in Spinco
Conditions • Osisko shareholder vote (66 2/3% of shareholders voting)
• Regulatory and court approvals
Other Terms • C$195 million break fee shared equally by Agnico Eagle and Yamana
• Shareholders of Osisko, including all directors and officers, holding approximately 4.5%
of the shares, have entered into voting agreements with Agnico Eagle and Yamana
• Non-solicitation and 5-day right to match superior proposal provision
• C$10 million cost reimbursement to each of Agnico Eagle and Yamana under certain
circumstances
Indicative Timetable • Osisko shareholder vote expected to be held later in May 2014
• Closing expected early June 2014
TRANSACTION SUMMARY
Note: Based on closing prices on April 15, 2014
9. 9
SUPERIOR OFFER FOR OSISKO SHAREHOLDERS
Value per Osisko Share (C$/Share)
C$2.1
0
C$1.20
Spinco
C$2.43
AEM Shares
C$2.43
YRI Shares
C$2.09
Cash
C$8.15
C$4.42
G Shares
C$2.92
Cash
C$7.34 +11%
Goldcorp Offer Agnico Eagle/Yamana Offer
Note: Based on closing prices on April 15, 2014
AGNICO EAGLE AND YAMANA JOINT OFFER OF C$8.15 DELIVERS SUPERIOR VALUE
11. 11
TRANSACTION RATIONALE FOR YAMANA
Maintains lowest decile cost structure – Canadian Malartic’s low AISC is
expected to maintain Yamana’s existing cost structure
Joint operating structure reduces risk of new jurisdiction – The
acquisition structure minimizes the level of risk generally associated with
entering a new jurisdiction: Agnico Eagle’s established presence in the
region complements the partnership’s collective expertise with large,
conventional open-pit operations
Entry into one of world’s best mining jurisdictions – Provides Yamana
with an entry into Québec, a well known business and mining friendly
jurisdiction
Significant increase in production fits with strategy of disciplined and
balanced growth – Canadian Malartic is expected to contribute
approximately 300,000 GEO per year to Yamana’s production profile for at
least 14 years, a bolt on acquisition with 14.4% of outstanding shares
12. 12
TRANSACTION RATIONALE FOR YAMANA
Potential for exploration to unlock additional value – Osisko’s assets
provide a significant increase to Yamana’s reserves and resources,
creating a larger resource base for future growth
Partnership strength – This brings a combination of management
experience, each with a proven track record of creating value at existing
assets and developing new assets
Accretive across key per share metrics – Increases cash flow, net asset
value, production, and reserves and resources
Significant tax synergies – Yamana does not currently have any
Canadian income
13. 13
• Increasing sustainable production
level
• Maintaining 2014E AISC per GEO
• Creating another cornerstone
asset expected to contribute
significantly to cash flow
INCREASING PRODUCTION, IMPROVING COSTS AND INCREASING
CASH FLOW
14. 14
CONSISTENT WITH EXISTING STRATEGY
Mining friendly jurisdiction with proven
mining competency
Focus on mid-size projects/acquisitions
Maintain low cost structure
Maximize sustainable cash flow
Grow organically
Conventional operations
Potential to enhance value
through exploration
Located in Québec, a mining friendly
jurisdiction
50% of Malartic production to average
~300,000 oz/year
Malartic has a low cost structure
Immediate cash flow contribution
Significant potential to increase
reserves and resources
Producing open-pit mine, standard
processing method
Significant exploration package in
Canada
ATTRIBUTES OF OSISKOYAMANA STRATEGY
16. 16
TRANSACTION RATIONALE FOR AGNICO EAGLE
Manageable debt levels and minimal share dilution – The added debt is
very manageable in the context of a larger business generating stronger
free cash flow. With Osisko shareholders holding a 16.7% interest in Agnico
Eagle post the transaction, the dilution is in line with many of the
company’s previous acquisitions
Builds on Agnico Eagle’s northern business platform – Canadian
Malartic is the largest producing gold mine in Canada with the ability to
produce an average of approximately 600,000 ounces per year for 14 years
and is a great strategic fit with Agnico Eagle’s skills and operating assets in
the Abitibi
Accretive on per share metrics – Net asset value, operating cash flow,
free cash flow, production, and reserves and resources. The transaction is
also expected to improve Agnico Eagle’s total cash cost and all-in
sustaining cost profiles
17. 17
Enhances and adds flexibility to Agnico Eagle’s project pipeline – The
advanced Kirkland Lake project further enhances Agnico Eagle’s
development portfolio
Maintains strategy of operating in supportive regions with low
political risk – The addition of a fourth operating mine in Québec and a
large prospective exploration portfolio in Ontario further enhances Agnico
Eagle’s already low level of political risk
Simple, low risk acquisition – Acquisition of an operating mine in Agnico
Eagle’s core Québec region. The Canadian Malartic Mine is an asset
without permitting, construction capital or start up risk
TRANSACTION RATIONALE FOR AGNICO EAGLE
Potential synergies with existing Québec operations – Agnico Eagle
expects synergies with its other Abitibi operations and there is potential to
further optimize the Canadian Malartic Mine plan
18. 18
ENHANCES PRODUCTION GROWTH PROFILE
Payable Gold Production Profile
204,380
234,837 218,980 235,000
781,080
808,974 880,355 955,000
~266,000(1)
2011A 2012A 2013A 2014E
985,460
1,043,811
1,099,335
1,456,000
Northern Business (oz) Southern Business (oz) Canadian Malartic
(1) Incremental production is based on full year estimate from Osisko 2014 LOM plan
19. 19
489
375
545
296 223
176
310
245
309
100
257
75
32
296
Goldcorp Agnico Eagle Detour Yamana Barrick AuRico
2015E Gold Production (koz)
Red Lake
Hemlo Young-
Davidson
Detour
Lake
Canadian
Malartic
(50%)
Porcupine
Eleonore
Musselwhite
Cochenour
Meadowbank
LaRonde
Goldex
Lapa
Canadian
Malartic
(50%)
100km
GOLD PRODUCTION IN CANADA
Agnico Eagle Property
Osisko Property
Falco Pacific Property
(Osisko – 12% Ownership)
Operating Mine
Highways
Legend
Combining Canadian Malartic and Agnico Eagle
would create in-region synergies in Québec
Acquiring 50% of Osisko would create Québec’s
largest gold producer
GOLD PRODUCERS IN CANADA (1)
Val-d’Or
Cadillac
Town of
Malartic
Rouyn-
Noranda
Canadian
MalarticUpper Beaver –
Kirkland Lake
LaRonde
Lapa
Goldex
REGIONAL OVERVIEW
ACQUISITION ENHANCES EXISTING ABITIBI PLATFORM
(1) Source: Agnico Eagle management guidance, Osisko LOM Plan for Canadian Malartic (announced on March 20, 2014) and analyst consensus estimates
LaRonde
Goldex
Lapa
29km
19km
17km
Distance to Malartic
20. 20
SIGNIFICANT RESERVE AND RESOURCE GROWTH
GOLD RESERVES & RESOURCES(1) (M OZ)
Note: As of December 31, 2013
(1) Based on updated resource estimate for Canadian Malartic as announced on March 20, 2014
16.9
9.7 10.1
21.6
15.4
13.2
P&P Reserves M&I Resources Inferred Resources
+59% +31%+28%
22. 22
VALUE TO OSISKO SHAREHOLDERS
Spinco to have a highly scarce 5% NSR on a world-class,
600,000/yr gold mine in Canada
• Significant NSR is a company builder
• Additional portfolio of NSRs in prolific mining camp in Canada
• 100% exposure to over one million hectares in Guerrero, Mexico
• Significant value upside as Spinco re-rates within royalty company universe
85% of offer consideration in cash and highly liquid shares
11% premium to Goldcorp’s revised hostile offer for Osisko
Transaction values Osisko at C$3.9 billion or C$8.15 per share
23. 23
PORTFOLIO OF SIGNIFICANT ROYALTIES
Canadian Malartic Royalty: 5% NSR
Reserves: 9.4 mm oz Au
Estimated Mine Life: 14.2 years
World-class 600,000 ounces per year asset
Royalty: 2% NSR
M&I Resources: 2.2 mm oz Au
Inferred Resources: 1.9 mm oz Au
New “Canadian Kirkland” discovery in Feb 2014
Royalty: 2% NSR
M&I Resources: 5.4 mm oz Au
Inferred Resources: 1.8 mm oz Au
Significant upside potential
Kirkland Lake(1)
Hammond Reef (2)
(1) NI 43-101 Measured and Indicated Resources: 12.9 Mt @ 4.98 g/t Au and Inferred Resources: 13.0 Mt @ 4.50 g/t Au
(2) NI 43-101 Measured and Indicated Resources: 196.4 Mt @ 0.86 g/t Au and Inferred Resources: 75.7Mt @ 0.72 g/t Au
24. 24
MEXICO EXPLORATION PROGRAM
Strong Potential for Discoveries
• Au – Cu Porphyry – skarns and sediment hosted Au targets
• Over 100 Au follow-up targets identified
Large Land Package
• 11,800 km2 area covered with dense stream sediment sampling,
reconnaissance field prospecting and partial airborne geophysics
• 9,600 km2 of tenements
Objective
• Discover and develop several > 5.0 M ounce Au deposits 100% controlled
by Osisko
Two new gold trends identified (130 km and 30 km long)
• 3 targets are at drill stage - 1 target is being drilled
26. 26
NOTES TO INVESTORS REGARDING THE USE OF RESOURCES
Cautionary Note to Investors Concerning Estimates of Measured and Indicated Resources
This document uses the terms “measured resources” and “indicated resources”. We advise investors that while those terms are recognized and required by Canadian regulations, the
SEC does not recognize them. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.
Cautionary Note to Investors Concerning Estimates of Inferred Resources
This document also uses the term “inferred resources”. We advise investors that while this term is recognized and required by Canadian regulations, the SEC does not recognize it.
“Inferred resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of
an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-
feasibility studies, except in rare cases. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
Scientific and Technical Data
Agnico Eagle Mines Limited is reporting mineral resource and reserve estimates in accordance with the CIM guidelines for the estimation, classification and reporting of resources and
reserves.
Cautionary Note To U.S. Investors – The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce. Agnico Eagle uses certain terms in this presentation, such as “measured”, “indicated”, and “inferred”, and “resources” that the SEC guidelines strictly
prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 40-F and other U.S. filings, which
may be obtained from us, or from the SEC’s website at: http://sec.gov/edgar.shtml.
The Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”) requires mining companies to disclose reserves and resources using the subcategories of “proven”
reserves, “probable” reserves, “measured” resources, “indicated” resources and “inferred” resources. Mineral resources that are not mineral reserves do not have demonstrated
economic viability.
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NOTES TO INVESTORS REGARDING THE USE OF RESOURCES
A mineral reserve is the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include
adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A
mineral reserve includes diluting materials and allows for losses that may occur when the material is mined. A proven mineral reserve is the economically mineable part of a measured
mineral resource demonstrated by at least a preliminary feasibility study. A probable mineral reserve is the economically mineable part of an indicated, and in some circumstances, a
measured mineral resource demonstrated by at least a preliminary feasibility study.
A mineral resource is a concentration or occurrence of natural, solid, inorganic material, or natural solid fossilized organic material including base and precious metals in or on the
Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics
and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge. A measured mineral resource is that part of a mineral
resource for which quantity, grade or quality, densities, shape and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the
appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed
and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are
spaced closely enough to confirm both geological and grade continuity. An indicated mineral resource is that part of a mineral resource for which quantity, grade or quality, densities,
shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine
planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate
techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed. An
inferred mineral resource is that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and
reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from
locations such as outcrops, trenches, pits, workings and drill holes. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
A Feasibility Study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of
realistically assumed mining, processing, metallurgical, economic, marketing, legal, environmental, social and governmental considerations together with any other relevant operational
factors and detailed financial analysis, that are necessary to demonstrate at the time of reporting that extraction is reasonably justified (economically mineable). The results of the study
may reasonably serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the
study will be higher than that of a Pre-Feasibility Study.
The effective date for all of the Company’s mineral resource and reserve estimates in this presentation is December 31, 2013. Additional information about each of the mineral projects
that is required by NI 43-101, sections 3.2 and 3.3 and paragraphs 3.4 (a), (c) and (d) can be found in the Technical Reports of the Company, which may be found at www.sedar.com.
Other important operating information can be found in the Company’s annual information form available on SEDAR at www.sedar.com and incorporated in the Form 40-F available on
EDGAR at www.sec.gov.