- The corporate update provides an overview of AuRico Metals' royalty portfolio and Kemess gold-copper project.
- Recent developments include positive reserve increases at several royalty assets, an updated feasibility study for the Kemess Underground project, and successful drilling at Kemess East that will lead to a resource update.
- The feasibility study shows the Kemess Underground project has an after-tax NPV of C$421M and IRR of 15.4%, with annual production of over 200koz gold equivalent and total cash costs of US$639/oz.
- The corporate update document provides an overview of AuRico Metals' royalty portfolio and development project at Kemess, including recent developments.
- A feasibility study update for the Kemess Underground project showed meaningful annual gold equivalent production and low costs, with an after-tax NPV of C$289M and IRR of 12.6% at base case metal prices.
- Exploration drilling at Kemess intersected high grades, indicating potential to expand resources.
- The corporate update provides an overview of AuRico Metals' royalty portfolio and the Kemess gold-copper project.
- For Kemess, a positive feasibility study update shows annual production of 238koz gold equivalent over the first five years at low all-in sustaining costs of US$682/oz.
- Over the project life of 12 years, Kemess is expected to produce 207koz gold equivalent annually at all-in sustaining costs of US$718/oz.
The corporate update document provides forward-looking statements and cautions that actual results may differ materially from projections. It summarizes recent developments including increases in mineral reserves at several of AuRico's royalty assets. The update also discusses AuRico's feasibility study for the proposed Kemess Underground mine, which indicates robust economics with an after-tax NPV of C$421M and IRR of 15.4%, and potential upside from further exploration at Kemess East.
The corporate update document provides forward-looking statements and cautions that actual results may differ materially from projections. It summarizes recent developments for AuRico Metals' royalty portfolio and Kemess gold-copper project. The update highlights positive feasibility results for the Kemess Underground mine and expansion of resources at Kemess East. It also outlines AuRico's capital structure, management team, and financing alternatives for developing Kemess Underground.
- This corporate presentation outlines AuRico Metals' Kemess development project in British Columbia and high-quality royalty portfolio.
- Kemess Underground is an advanced brownfields project with permits and economic study complete. Kemess East shows upside potential with ongoing drilling and a study planned for 2018.
- The royalty portfolio generates increasing revenue from assets like Young-Davidson, Fosterville, and Hemlo, and includes 22 royalties located primarily in Canada and Australia.
Osisko Gold Royalties is a world-class growth-oriented royalty company that holds a portfolio of over 135 royalties, streams, and other interests focused primarily on precious metals. The document discusses Osisko's history of growth in the mining sector over the past 13 years from 2004 to 2017, starting with no assets and growing its portfolio value to over $10 billion currently. It also contains standard cautionary statements about forward-looking information and mineral reserve estimates.
This document summarizes AuRico Gold's annual general and special meeting of shareholders on May 9, 2014. It includes the following key points:
- AuRico Gold has a streamlined, quality asset base in North America including the Young-Davidson and El Chanate mines.
- Production is expected to increase up to 25% in 2014 to between 210,000-240,000 ounces, with continued annual growth over the next 3 years. Capital investments are expected to decrease up to 40% in 2014.
- The Young-Davidson mine has over 20 years of mine life and is expected to become one of the largest gold mines in Canada as production ramps up from underground mining.
- The corporate update document provides an overview of AuRico Metals' royalty portfolio and development project at Kemess, including recent developments.
- A feasibility study update for the Kemess Underground project showed meaningful annual gold equivalent production and low costs, with an after-tax NPV of C$289M and IRR of 12.6% at base case metal prices.
- Exploration drilling at Kemess intersected high grades, indicating potential to expand resources.
- The corporate update provides an overview of AuRico Metals' royalty portfolio and the Kemess gold-copper project.
- For Kemess, a positive feasibility study update shows annual production of 238koz gold equivalent over the first five years at low all-in sustaining costs of US$682/oz.
- Over the project life of 12 years, Kemess is expected to produce 207koz gold equivalent annually at all-in sustaining costs of US$718/oz.
The corporate update document provides forward-looking statements and cautions that actual results may differ materially from projections. It summarizes recent developments including increases in mineral reserves at several of AuRico's royalty assets. The update also discusses AuRico's feasibility study for the proposed Kemess Underground mine, which indicates robust economics with an after-tax NPV of C$421M and IRR of 15.4%, and potential upside from further exploration at Kemess East.
The corporate update document provides forward-looking statements and cautions that actual results may differ materially from projections. It summarizes recent developments for AuRico Metals' royalty portfolio and Kemess gold-copper project. The update highlights positive feasibility results for the Kemess Underground mine and expansion of resources at Kemess East. It also outlines AuRico's capital structure, management team, and financing alternatives for developing Kemess Underground.
- This corporate presentation outlines AuRico Metals' Kemess development project in British Columbia and high-quality royalty portfolio.
- Kemess Underground is an advanced brownfields project with permits and economic study complete. Kemess East shows upside potential with ongoing drilling and a study planned for 2018.
- The royalty portfolio generates increasing revenue from assets like Young-Davidson, Fosterville, and Hemlo, and includes 22 royalties located primarily in Canada and Australia.
Osisko Gold Royalties is a world-class growth-oriented royalty company that holds a portfolio of over 135 royalties, streams, and other interests focused primarily on precious metals. The document discusses Osisko's history of growth in the mining sector over the past 13 years from 2004 to 2017, starting with no assets and growing its portfolio value to over $10 billion currently. It also contains standard cautionary statements about forward-looking information and mineral reserve estimates.
This document summarizes AuRico Gold's annual general and special meeting of shareholders on May 9, 2014. It includes the following key points:
- AuRico Gold has a streamlined, quality asset base in North America including the Young-Davidson and El Chanate mines.
- Production is expected to increase up to 25% in 2014 to between 210,000-240,000 ounces, with continued annual growth over the next 3 years. Capital investments are expected to decrease up to 40% in 2014.
- The Young-Davidson mine has over 20 years of mine life and is expected to become one of the largest gold mines in Canada as production ramps up from underground mining.
This investor presentation by Pan American Silver provides an overview of the company's operations and outlook. Key points include:
- Pan American is a leading silver producer with diversified mining assets in Mexico, Peru, Bolivia, and Argentina.
- Preliminary 2017 results show 25 million ounces of silver production at a cash cost of $4.55/oz, a 28% reduction from 2016.
- The company is growing low-cost production through mine expansions and new projects while maintaining a strong balance sheet and low-debt profile.
- Capital investments over the next few years will focus on sustaining existing operations and advancing projects like COSE in Argentina and Joaquin in Bolivia.
Pan American Silver Corp. presented its investor presentation for January 2018. The presentation highlights include:
1) Pan American is a leading silver producer with diversified mining and exploration assets in four countries and a track record of growing production over 20+ years.
2) Preliminary 2017 results show a 28% decrease in cash costs per ounce and production of 25 million ounces of silver.
3) The outlook forecasts continued production growth over the next three years, with further reductions in cash costs per ounce and sustained capital expenditures.
Scotiabank Mining for Margin ConferenceAuRico Gold
The document provides an overview of Aurico Gold's assets and operations. It summarizes that Aurico has two producing mines - Young-Davidson in Ontario, Canada and El Chanate in Mexico. Young-Davidson is expected to increase production up to 25% in 2014 through continued underground ramp-up. El Chanate is expected to maintain stable production. Aurico also has the fully-permitted Kemess Underground project in British Columbia, Canada under development.
This document is a March 2017 corporate presentation that provides cautionary notes about forward-looking statements in the presentation. It discusses risks and uncertainties that could cause actual results to differ from expectations. It also notes that qualified persons reviewed and approved the scientific and technical information about the company's Marigold, Seabee, and Pirquitas mines. Finally, it provides cautionary notes about how mineral resource and reserve classifications differ between Canadian and U.S. standards.
This investor presentation by Pan American Silver Corp. provides cautionary notes about non-GAAP measures used, reporting currency and financial information, and forward-looking statements. It discusses key assumptions around production, costs, capital investments, commodity prices, currency exchange rates, permitting, and other operational factors. Technical information is reviewed by qualified persons and based on technical reports filed with Canadian securities regulatory authorities. The presentation also notes differences between Canadian and U.S. standards for reporting mineral reserves and resources.
This presentation provides an overview of Pan American Silver Corp., including:
- Pan American is a primary silver producer that grew production to 25.4 million ounces in 2016 and has 286 million ounces of silver reserves.
- The company has a portfolio of high-quality silver mining assets located in the Americas and is weighted 51% to silver exposure based on estimated 2017 metal sales.
- Pan American has successfully grown production and reduced costs over time, with cash costs declining 45% from 2012 to 2016 and further in Q1 2017.
- Financially, the company had $423 million in working capital and $205 million in cash/investments as of Q1 2017, with capital expenditures focused on projects with high returns
- Osisko holds a presentation for the 2017 PDAC convention that discusses its gold royalty portfolio and business model.
- The presentation outlines Osisko's key producing assets which include Canadian Malartic, Eleonore, and Gibraltar, as well as its portfolio of over 50 exploration stage royalties.
- Osisko benefits shareholders by providing leverage to gold prices and exploration upside through its royalty model with zero costs and zero exposure to operating or capital risks.
The corporate update provides an overview of AuRico Metals' royalty portfolio and Kemess gold-copper project. Recent developments include positive feasibility study results for the Kemess Underground project showing annual production of 238koz gold equivalent at costs of $682/oz. The update also details a resource expansion at Kemess East intersecting high grade mineralization. AuRico believes Kemess offers attractive economics as a past producer in a favorable jurisdiction with significant existing infrastructure.
Equinox Gold is a Canadian mining company with eight operating gold mines, construction underway at a ninth site, a multi-million-ounce gold reserve base and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas with properties in Canada, the United States, Mexico and Brazil. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX.
This presentation provides an overview of Osisko Gold Royalties Ltd, a leading growth-oriented royalty company. Osisko owns a portfolio of over 150 royalties, streams and precious metal offtakes. The presentation contains forward-looking statements regarding Osisko's expected growth, results of operations, and production estimates from properties in its portfolio. It also notes key risks and assumptions underlying these forward-looking estimates.
Osisko is the leading growth-oriented royalty company, with over 160 royalties, streams and offtakes focused in North America. It has a high-quality portfolio that is on track to deliver leading growth within the royalty sector. Key assets include a 5% royalty on Canadian Malartic, Canada's largest gold mine. The portfolio is diversified across gold, silver and other commodities and is located in low-risk jurisdictions. Osisko has a strong ESG focus and aims to finance global decarbonization initiatives through carbon credit streaming. The company is well positioned to benefit from catalysts across its portfolio as many assets are moving toward development and expansion.
Osisko reported its Q3 2018 results with the following highlights:
- Produced 20,006 GEOs in Q3 2018, a 20% increase over Q3 2017.
- Generated $20.6 million in net cash flows from operating activities compared to $1.1 million in Q3 2017.
- Adjusted earnings were $5.7 million or $0.04 per share compared to $8 million or $0.06 per share in Q3 2017.
This presentation provides an overview of Pan American Silver Corp. for investors. It cautions that some measures used, such as cash costs and all-in sustaining costs, are non-GAAP measures that may differ from other company's methods. It also contains forward-looking statements regarding estimated production levels, costs, and other metrics from 2017-2019 that are based on assumptions and subject to risks and uncertainties. Technical information was reviewed by qualified persons as defined by National Instrument 43-101.
- Osisko reported results for Q2 2018, with gold equivalent ounces earned of 20,506, an 89% increase over Q2 2017.
- Cash flows from operating activities were $19.7 million, up from $14.1 million in Q2 2017. Adjusted earnings were $3.7 million, down from $7.1 million in Q2 2017 due to higher finance costs.
- Osisko is on track to achieve its 2018 guidance of 77,500 to 82,500 gold equivalent ounces and expects strong production in the second half of the year with steady increases through 2019 and 2020.
Equinox Gold is a gold mining company with producing mines in the United States, Brazil, and Mexico, as well as development projects in Canada and Brazil. It has over 16 million ounces of gold reserves and is forecast to produce around 600,000 ounces of gold in 2021. Equinox Gold aims to grow annual production to over 1 million ounces through organic growth from its existing mines and projects, including expansions at Los Filos and Castle Mountain, and the development of the large Greenstone project in Canada and the Santa Luz project in Brazil. The company is well funded with over $530 million in liquidity to achieve its growth goals.
Osisko Gold Royalties is the fourth largest precious metal royalty company, with a portfolio of over 160 royalties, streams and precious metal offtakes focused in North America. A cornerstone royalty is held on Canadian Malartic, Canada's largest gold mine. The portfolio is positioned to deliver leading growth within the royalty sector from its primarily margin-based business trading at 1x P/NAV and offering a 1.4% dividend yield.
This presentation provides an overview of Pan American Silver Corp., including key highlights such as its position as having the largest silver reserves globally at 550 million ounces, a diversified portfolio of 9 mining operations in the Americas, and three large catalysts for growth including the Escobal, La Colorada, and Navidad projects. It also discusses Pan American's strong financial position and focus on high-margin, low-cost production, as well as its 27-year track record of responsible and sustainable operations in Latin America through environmental, social, and governance initiatives. Production and cost guidance for 2021 is also provided.
This document discusses Osisko Gold Royalties, a leading growth-oriented royalty company. It notes that global debt levels, inflationary pressures, and political instability are increasing risks, while gold mine supply is expected to contract. This creates a bullish outlook for gold as a safe haven investment. Osisko is well positioned to benefit from these trends as a gold-focused royalty company.
02 24-14 bmo metals and mining conferenceAuRico Gold
- Aurico Gold provides an overview of its operations and projects, including the Young-Davidson mine in Ontario, Canada, the El Chanate mine in Mexico, and the Kemess Underground project in British Columbia, Canada.
- The company outlines its 2014 operational guidance which includes increasing gold production by up to 25% while decreasing costs and capital expenditures.
- Aurico also discusses its cash flow linked dividend policy starting in 2014 where it will pay out 20% of operating cash flow, leveraged to the gold price.
Osisko Gold Royalties is the fourth largest precious metal royalty company, with a portfolio of over 160 royalties, streams and precious metal offtakes focused in North America. A cornerstone royalty is held on Canadian Malartic, Canada's largest gold mine. The portfolio is expected to deliver leading growth within the royalty sector. Osisko holds over 160 royalties, streams, and offtakes across North America, has a 97% margin business, trades at 1x P/NAV, and has a 1.4% dividend yield.
- The presentation provides an overview of AuRico Metals Inc., a Canadian development and royalty company. It highlights AuRico's strong balance sheet, advanced Kemess project, and high-quality royalty portfolio that includes producing royalties on the Young-Davidson, Fosterville, Hemlo, and Eagle River mines.
- AuRico's Kemess project has received environmental approval and benefits agreements, and feasibility studies show positive economics. The royalty portfolio generated estimated 2017 revenues of $12.7-13.9 million and includes long-life assets. Management has a track record of adding value through development and acquisitions.
- The document provides an overview and update of AuRico Metals Inc. in January 2016, including forward-looking statements and cautionary notes.
- It outlines AuRico's diversified royalty portfolio generating cash flow and its development-stage Kemess gold-copper project in British Columbia.
- Details are given on AuRico's capital structure, management team, and two of its most significant royalty assets - the Young-Davidson mine in Ontario and the Fosterville mine in Australia.
This investor presentation by Pan American Silver provides an overview of the company's operations and outlook. Key points include:
- Pan American is a leading silver producer with diversified mining assets in Mexico, Peru, Bolivia, and Argentina.
- Preliminary 2017 results show 25 million ounces of silver production at a cash cost of $4.55/oz, a 28% reduction from 2016.
- The company is growing low-cost production through mine expansions and new projects while maintaining a strong balance sheet and low-debt profile.
- Capital investments over the next few years will focus on sustaining existing operations and advancing projects like COSE in Argentina and Joaquin in Bolivia.
Pan American Silver Corp. presented its investor presentation for January 2018. The presentation highlights include:
1) Pan American is a leading silver producer with diversified mining and exploration assets in four countries and a track record of growing production over 20+ years.
2) Preliminary 2017 results show a 28% decrease in cash costs per ounce and production of 25 million ounces of silver.
3) The outlook forecasts continued production growth over the next three years, with further reductions in cash costs per ounce and sustained capital expenditures.
Scotiabank Mining for Margin ConferenceAuRico Gold
The document provides an overview of Aurico Gold's assets and operations. It summarizes that Aurico has two producing mines - Young-Davidson in Ontario, Canada and El Chanate in Mexico. Young-Davidson is expected to increase production up to 25% in 2014 through continued underground ramp-up. El Chanate is expected to maintain stable production. Aurico also has the fully-permitted Kemess Underground project in British Columbia, Canada under development.
This document is a March 2017 corporate presentation that provides cautionary notes about forward-looking statements in the presentation. It discusses risks and uncertainties that could cause actual results to differ from expectations. It also notes that qualified persons reviewed and approved the scientific and technical information about the company's Marigold, Seabee, and Pirquitas mines. Finally, it provides cautionary notes about how mineral resource and reserve classifications differ between Canadian and U.S. standards.
This investor presentation by Pan American Silver Corp. provides cautionary notes about non-GAAP measures used, reporting currency and financial information, and forward-looking statements. It discusses key assumptions around production, costs, capital investments, commodity prices, currency exchange rates, permitting, and other operational factors. Technical information is reviewed by qualified persons and based on technical reports filed with Canadian securities regulatory authorities. The presentation also notes differences between Canadian and U.S. standards for reporting mineral reserves and resources.
This presentation provides an overview of Pan American Silver Corp., including:
- Pan American is a primary silver producer that grew production to 25.4 million ounces in 2016 and has 286 million ounces of silver reserves.
- The company has a portfolio of high-quality silver mining assets located in the Americas and is weighted 51% to silver exposure based on estimated 2017 metal sales.
- Pan American has successfully grown production and reduced costs over time, with cash costs declining 45% from 2012 to 2016 and further in Q1 2017.
- Financially, the company had $423 million in working capital and $205 million in cash/investments as of Q1 2017, with capital expenditures focused on projects with high returns
- Osisko holds a presentation for the 2017 PDAC convention that discusses its gold royalty portfolio and business model.
- The presentation outlines Osisko's key producing assets which include Canadian Malartic, Eleonore, and Gibraltar, as well as its portfolio of over 50 exploration stage royalties.
- Osisko benefits shareholders by providing leverage to gold prices and exploration upside through its royalty model with zero costs and zero exposure to operating or capital risks.
The corporate update provides an overview of AuRico Metals' royalty portfolio and Kemess gold-copper project. Recent developments include positive feasibility study results for the Kemess Underground project showing annual production of 238koz gold equivalent at costs of $682/oz. The update also details a resource expansion at Kemess East intersecting high grade mineralization. AuRico believes Kemess offers attractive economics as a past producer in a favorable jurisdiction with significant existing infrastructure.
Equinox Gold is a Canadian mining company with eight operating gold mines, construction underway at a ninth site, a multi-million-ounce gold reserve base and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas with properties in Canada, the United States, Mexico and Brazil. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX.
This presentation provides an overview of Osisko Gold Royalties Ltd, a leading growth-oriented royalty company. Osisko owns a portfolio of over 150 royalties, streams and precious metal offtakes. The presentation contains forward-looking statements regarding Osisko's expected growth, results of operations, and production estimates from properties in its portfolio. It also notes key risks and assumptions underlying these forward-looking estimates.
Osisko is the leading growth-oriented royalty company, with over 160 royalties, streams and offtakes focused in North America. It has a high-quality portfolio that is on track to deliver leading growth within the royalty sector. Key assets include a 5% royalty on Canadian Malartic, Canada's largest gold mine. The portfolio is diversified across gold, silver and other commodities and is located in low-risk jurisdictions. Osisko has a strong ESG focus and aims to finance global decarbonization initiatives through carbon credit streaming. The company is well positioned to benefit from catalysts across its portfolio as many assets are moving toward development and expansion.
Osisko reported its Q3 2018 results with the following highlights:
- Produced 20,006 GEOs in Q3 2018, a 20% increase over Q3 2017.
- Generated $20.6 million in net cash flows from operating activities compared to $1.1 million in Q3 2017.
- Adjusted earnings were $5.7 million or $0.04 per share compared to $8 million or $0.06 per share in Q3 2017.
This presentation provides an overview of Pan American Silver Corp. for investors. It cautions that some measures used, such as cash costs and all-in sustaining costs, are non-GAAP measures that may differ from other company's methods. It also contains forward-looking statements regarding estimated production levels, costs, and other metrics from 2017-2019 that are based on assumptions and subject to risks and uncertainties. Technical information was reviewed by qualified persons as defined by National Instrument 43-101.
- Osisko reported results for Q2 2018, with gold equivalent ounces earned of 20,506, an 89% increase over Q2 2017.
- Cash flows from operating activities were $19.7 million, up from $14.1 million in Q2 2017. Adjusted earnings were $3.7 million, down from $7.1 million in Q2 2017 due to higher finance costs.
- Osisko is on track to achieve its 2018 guidance of 77,500 to 82,500 gold equivalent ounces and expects strong production in the second half of the year with steady increases through 2019 and 2020.
Equinox Gold is a gold mining company with producing mines in the United States, Brazil, and Mexico, as well as development projects in Canada and Brazil. It has over 16 million ounces of gold reserves and is forecast to produce around 600,000 ounces of gold in 2021. Equinox Gold aims to grow annual production to over 1 million ounces through organic growth from its existing mines and projects, including expansions at Los Filos and Castle Mountain, and the development of the large Greenstone project in Canada and the Santa Luz project in Brazil. The company is well funded with over $530 million in liquidity to achieve its growth goals.
Osisko Gold Royalties is the fourth largest precious metal royalty company, with a portfolio of over 160 royalties, streams and precious metal offtakes focused in North America. A cornerstone royalty is held on Canadian Malartic, Canada's largest gold mine. The portfolio is positioned to deliver leading growth within the royalty sector from its primarily margin-based business trading at 1x P/NAV and offering a 1.4% dividend yield.
This presentation provides an overview of Pan American Silver Corp., including key highlights such as its position as having the largest silver reserves globally at 550 million ounces, a diversified portfolio of 9 mining operations in the Americas, and three large catalysts for growth including the Escobal, La Colorada, and Navidad projects. It also discusses Pan American's strong financial position and focus on high-margin, low-cost production, as well as its 27-year track record of responsible and sustainable operations in Latin America through environmental, social, and governance initiatives. Production and cost guidance for 2021 is also provided.
This document discusses Osisko Gold Royalties, a leading growth-oriented royalty company. It notes that global debt levels, inflationary pressures, and political instability are increasing risks, while gold mine supply is expected to contract. This creates a bullish outlook for gold as a safe haven investment. Osisko is well positioned to benefit from these trends as a gold-focused royalty company.
02 24-14 bmo metals and mining conferenceAuRico Gold
- Aurico Gold provides an overview of its operations and projects, including the Young-Davidson mine in Ontario, Canada, the El Chanate mine in Mexico, and the Kemess Underground project in British Columbia, Canada.
- The company outlines its 2014 operational guidance which includes increasing gold production by up to 25% while decreasing costs and capital expenditures.
- Aurico also discusses its cash flow linked dividend policy starting in 2014 where it will pay out 20% of operating cash flow, leveraged to the gold price.
Osisko Gold Royalties is the fourth largest precious metal royalty company, with a portfolio of over 160 royalties, streams and precious metal offtakes focused in North America. A cornerstone royalty is held on Canadian Malartic, Canada's largest gold mine. The portfolio is expected to deliver leading growth within the royalty sector. Osisko holds over 160 royalties, streams, and offtakes across North America, has a 97% margin business, trades at 1x P/NAV, and has a 1.4% dividend yield.
- The presentation provides an overview of AuRico Metals Inc., a Canadian development and royalty company. It highlights AuRico's strong balance sheet, advanced Kemess project, and high-quality royalty portfolio that includes producing royalties on the Young-Davidson, Fosterville, Hemlo, and Eagle River mines.
- AuRico's Kemess project has received environmental approval and benefits agreements, and feasibility studies show positive economics. The royalty portfolio generated estimated 2017 revenues of $12.7-13.9 million and includes long-life assets. Management has a track record of adding value through development and acquisitions.
- The document provides an overview and update of AuRico Metals Inc. in January 2016, including forward-looking statements and cautionary notes.
- It outlines AuRico's diversified royalty portfolio generating cash flow and its development-stage Kemess gold-copper project in British Columbia.
- Details are given on AuRico's capital structure, management team, and two of its most significant royalty assets - the Young-Davidson mine in Ontario and the Fosterville mine in Australia.
- The document provides an overview of AuRico Metals' Kemess Underground development project and royalty portfolio.
- Kemess Underground is an advanced-stage gold and copper project in British Columbia with over 12 million ounces of gold equivalent resources across all categories. It benefits from $1 billion of existing infrastructure.
- AuRico also holds a portfolio of high-quality royalty interests focused on Canada and Australia, which are expected to generate $8-8.4 million in royalty revenue in 2017.
- The presentation provides an overview of AuRico Metals Inc., a Canadian development and royalty company. It highlights AuRico's Kemess underground development project in British Columbia and its high-quality royalty portfolio, which is expected to generate C$12.7-13.9M in revenue in 2017.
- Kemess Underground has received environmental approval and economic studies show an after-tax NPV of C$421M. Nearby Kemess East has indicated resources of 4.1Moz gold equivalent and economics of C$375M NPV.
- The royalty portfolio includes interests in producing mines like Young-Davidson, Fosterville, and Hemlo, and is supported by increasing production and
- The document provides an overview and update of AuRico Metals Inc., including its high-quality royalty portfolio and the Kemess Underground gold-copper development project.
- The royalty portfolio generates cash flow with minimal operational risk and upside from metal prices and success at the underlying mines. Kemess represents a major revaluation opportunity as it has attractive economics and over $500 million in potential value creation.
- AuRico aims to deliver superior shareholder returns through this complementary combination of a producing royalty portfolio and development project, which provides upside potential while minimizing risks.
- The document is a corporate presentation that outlines AuRico Metals Inc., a company with both a portfolio of gold royalties and the Kemess Underground gold-copper development project.
- The royalty portfolio includes interests in producing mines in Canada, Australia, and a planned royalty on future production from Kemess Underground.
- Kemess Underground is an advanced stage underground block cave project that was a past producer. It has attractive economics with over 11 million ounces of gold equivalent in reserves and resources.
- Advancement of Kemess Underground and exploration success at Kemess East represent opportunities for significant value creation at AuRico Metals.
- This presentation outlines a development opportunity at the Kemess property in British Columbia supported by a high quality royalty portfolio.
- The Kemess Underground project has received environmental approval and permits and has reserves of 3.5Moz gold equivalent. The Kemess East project had a positive PEA released in 2017 and has over 12,000m of drilling planned in 2017.
- The royalty portfolio generates over $14M in annual revenue from royalties on producing mines and has grown through acquisitions and increasing production and reserves at the underlying assets.
The document provides an overview of AuRico Metals Inc., including its high-quality royalty portfolio and the Kemess Gold-Copper Project. It notes that AuRico's royalty portfolio provides exposure to gold and copper production with minimal operational risk, while the Kemess Project represents an opportunity for significant value creation through advancing the underground development. The Kemess Project has over $1 billion in existing infrastructure and is estimated to have over $500 million in potential value that could be unlocked through project optimization, exploration success and higher metal prices.
- The document provides an update on corporate matters for AuRico Metals Inc. including forward-looking statements, risks, and qualifications.
- It outlines AuRico's high-quality royalty portfolio generating minimal risk exposure and cash flow, as well as its key development property, the Kemess Underground gold-copper project in BC.
- The presentation provides an overview of AuRico's capital structure, management team, and major shareholders to position the company as a unique opportunity for value growth through its complementary combination of development and royalty assets.
The document provides an update on AuRico Metals Inc. It discusses the company's high-quality royalty portfolio which provides diversified exposure and downside protection. It also discusses the Kemess Underground gold-copper project in British Columbia which requires modest capital to develop. The company sees numerous near-term catalysts from resource updates at Kemess and from its royalty assets. It believes the company offers an attractive risk-reward proposition with upside from Kemess and downside protection from the royalty portfolio.
This document provides an update on AuRico Metals Inc. for November 2016. It discusses AuRico's producing royalty portfolio, including recent developments at the Young-Davidson, Fosterville, Hemlo-Williams, Eagle River, and Stawell mines. It also provides details on AuRico's Kemess gold-copper project, including a positive feasibility study update and recent drilling results at Kemess East. The document discusses AuRico's capital structure, management team, and investment opportunities around the further advancement of Kemess and acquisition of additional royalty interests.
2015 09-20 Denver Gold Forum Presentationauricometals
The document provides forward-looking statements and cautionary notes regarding AuRico Metals Inc.'s Denver Gold Forum presentation. It discusses AuRico's high-quality royalty portfolio including royalties on the Young-Davidson, Fosterville, and Stawell mines. It also discusses AuRico's Kemess gold-copper development project located in British Columbia, Canada. The document notes that actual results may differ materially from forward-looking statements and cautions readers not to rely solely on such statements.
2015 08-17 AuRico Metals Inc. Corporate Updateauricometals
The document discusses forward-looking statements and contains cautions about them. It notes that the Kemess Underground project is subject to risks including those related to securing capital and obtaining necessary permits. It also cautions readers that inferred resources are uncertain and may not be economically viable.
- The document is a corporate presentation for AuRico Metals that outlines its Kemess underground development project and royalty portfolio.
- AuRico has a strong balance sheet with $26M cash and no debt, and sees catalysts from an upcoming PEA on Kemess East and royalty updates.
- The portfolio includes producing royalties on mines such as Young-Davidson, Fosterville, and Hemlo-Williams, and development stage royalties were recently acquired.
- The document provides an update on AuRico Metals Inc., including positive developments at its Kemess gold-copper project and royalty portfolio.
- A feasibility study update for the Kemess Underground project showed an after-tax NPV of C$421M and IRR of 15.4%, with annual production of 207koz gold equivalent over 12 years of mining.
- Exploration is ongoing to expand resources at Kemess East, which remains open and shows potential to increase the project's economics.
The document summarizes a site visit to the Kemess project in British Columbia, Canada. It describes Kemess as an advanced-stage brownfields gold and copper development opportunity supported by existing infrastructure from previous mining. Key highlights include the Kemess Underground feasibility study showing a 15.4% IRR and the Kemess East PEA showing a 16.7% IRR. The management team has extensive experience developing block caving and panel caving mines.
AuRico Metals Inc. presents information on its royalty portfolio and the Kemess Underground gold-copper development project. The royalty portfolio includes interests in producing mines in Canada and Australia that are expected to generate steady cash flow. The Kemess Underground project in British Columbia has the potential to become a large, low-cost mine producing over 100,000 ounces of gold and 44 million pounds of copper annually over a 12-year mine life. Advancement of Kemess Underground and exploration success could significantly increase the value of AuRico Metals.
AuRico Metals Inc. presents information on its royalty portfolio and the Kemess Underground gold-copper development project. The royalty portfolio includes interests in producing mines in Canada and Australia that are expected to generate steady cash flow. The Kemess Underground project in British Columbia has the potential to become a large, low-cost mine producing over 100,000 ounces of gold and 44 million pounds of copper annually over a 12-year mine life. Advancement of Kemess Underground and exploration success could significantly increase the value of AuRico Metals.
This document provides an overview of AuRico Metals Inc., including its precious metals royalty portfolio and the Kemess Underground gold-copper development project. The royalty portfolio includes interests in producing mines in Canada and Australia that are expected to generate steady cash flow. Kemess Underground has the potential to be a large, low-cost mine based on the feasibility study completed in 2013. Exploration success has also led to a new discovery called Kemess East that could significantly increase the project's resource base. AuRico aims to realize value from both parts of its business by advancing Kemess Underground while benefiting from its royalty income.
- AuRico Metals owns the advanced-stage Kemess gold-copper project in British Columbia as well as a portfolio of high-quality royalty interests.
- The Kemess Underground project has proven and probable reserves of 1.9 million ounces of gold and 630 million pounds of copper and a feasibility study outlines average annual production of 106,000 ounces of gold.
- Kemess East has measured and indicated resources of 1.7 million ounces of gold and 1 billion pounds of copper and a PEA outlines average annual production of 80,000 ounces of gold over 12 years.
Similar to Ami corporate update november 2016 (20)
The document provides an overview of the Kemess Project located in British Columbia, Canada. It discusses the positive economics shown in the feasibility study for the Kemess Underground Project, including over 12 million ounces of gold equivalent resources across all categories. It also highlights the Preliminary Economic Assessment results for the Kemess East Project and plans for an integrated feasibility study in 2018. The document outlines AuRico Metal's management team and technical experts for the Kemess Project and provides an overview of the company's royalty portfolio which is projected to generate $12.7-13.9 million in revenue in 2017.
- The document provides an update on AuRico Metals Inc. for February 2017, including forward-looking statements and cautionary notes.
- It outlines AuRico's investment case as an advanced gold-copper development project at Kemess and a portfolio of high-quality royalty assets, with upcoming catalysts and a strong balance sheet.
- Key details on AuRico's assets include the Kemess Underground feasibility study showing robust economics, the high-grade discovery at Kemess East, and an overview of the existing royalty portfolio and acquisition of Kiska Metals assets.
- The document provides an overview and update of AuRico Metals Inc., including forward-looking statements and cautionary language.
- It outlines AuRico's royalty portfolio generating $7.7-8.1M in 2016, including stakes in the Young-Davidson, Fosterville, Hemlo, and Eagle River mines.
- AuRico has its fully permitted Kemess gold-copper project in BC with over 12M ounces of gold equivalent resources and $1B already spent on infrastructure.
AuRico Metals August 2016 Investor PresentationAuricoCorporate
The document summarizes a site visit to the Kemess gold-copper project located in British Columbia, Canada. It discusses the positive feasibility study update for the Kemess Underground project, which shows annual production of 238,000 ounces of gold equivalent for the first five years. The feasibility study estimates an after-tax NPV of C$421 million and IRR of 15.4% for the underground project. It also notes that environmental assessment application for the project is undergoing regulatory review.
This corporate update document provides forward-looking statements and cautions readers that actual results may differ due to risks and uncertainties. It discusses AuRico Metals' royalty portfolio, which includes producing assets like Young-Davidson and development stage assets like Kemess Underground. Kemess Underground has a feasibility study outlining solid economics, with an after-tax NPV of C$289M and IRR of 12.6%, and significant upside from Kemess East. However, AuRico Metals remains undervalued relative to pure royalty companies due to its embedded royalty opportunity at Kemess.
- The document provides an update on AuRico Metals Inc. for March 2016.
- It discusses AuRico's royalty portfolio, including recent production increases from assets like Young-Davidson and Fosterville. The Kemess gold-copper project is highlighted, with details on its feasibility study update showing strong economics.
- AuRico reviews its capital structure, management team, and provides an overview of its net asset value and the embedded royalty value at Kemess, concluding that AuRico remains undervalued compared to peers.
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2. Forward‐Looking Statements
2
Cautionary Statement
This presentation contains certain information that constitutes “forward‐looking information” and “forward‐looking statements” as defined under Canadian and U.S. securities laws. All statements in
this presentation, other than statements of historical fact, are forward‐looking statements. The words “expect”, “believe”, “anticipate”, “contemplate”, “may”, “could”, “will”, “intend”, “estimate”,
“forecast”, “target”, “budget”, “schedule” and similar expressions identify forward‐looking statements. Forward‐looking statements in this presentation include, without limitation, information as to
our strategy, projected gold production from the Young‐Davidson, Hemlo – Williams, Eagle River, Fosterville and Stawell mines, which are not owned by the Company, project timelines, the potential
net smelter return royalty on future production from the Kemess Underground mine, resource and reserve estimates, projected production and costs of the Kemess Underground mine, other
statements that express our expectations or estimates of future performance, value growth, value creation and shareholder returns, the success of exploration activities, mineral inventory including
the Company’s ability to delineate additional resources and reserves as a result of such programs, mineral reserves and mineral resources and anticipated grades, exploration expenditures, costs and
timing of any future development, costs and timing of future exploration and the presence of and continuity of metals at Kemess East at modeled grades.
Forward‐looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management at the time of making such statements, are inherently
subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the
forward‐looking statements. Such factors and assumptions underlying the forward‐looking statements in this presentation include, but are not limited to: changes to current estimates of mineral
reserves and resources; fluctuations in the price of gold and copper; changes in foreign exchange rates (particularly the Canadian dollar and U.S. dollar); performance of the Young‐Davidson, Hemlo –
Williams, Eagle River, Fosterville and Stawell mines, which may impact the future cash flows associated with the Company’s royalty holdings; the impact of inflation; employee relations; litigation;
uncertainty with the Company’s ability to secure capital to execute its business plans; the speculative nature of mineral exploration and development, including the risks of obtaining necessary
licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities for the Kemess Underground project; contests over title to properties; changes in national and local
government legislation in Canada and other jurisdictions in which the Company does or may carry on business in the future; risk of loss due to sabotage and civil disturbances; the impact of global
liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; as well as business opportunities that may be pursued by the Company.
Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward‐looking statements contained in this presentation. Such statements are
based on a number of assumptions, including those noted elsewhere in this document, which may prove to be incorrect. Readers are cautioned that forward‐looking statements are not guarantees of
future performance. All of the forward‐looking statements made in this presentation are qualified by these cautionary statements.
There can be no assurance that forward‐looking statements or information will prove to be accurate, accordingly, investors should not place undue reliance on the forward‐looking statements or
information contained herein. The Company disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or
otherwise, except as required by applicable law.
Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources
This presentation uses the terms "measured", "indicated" and "inferred” resources. We advise investors that while those terms are recognized and required by Canadian regulations, the United States
Securities and Exchange Commission does not recognize them. “Inferred resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be
assumed that all or any part of an inferred 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
other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States
investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.
Qualified Person as Defined by National Instrument 43‐101
John Fitzgerald, Chief Operating Officer for AuRico Metals Inc. has reviewed and approved the scientific and technical information contained within this presentation. Mr. Fitzgerald is a “Qualified
Person” as defined by National Instrument 43‐101.
3. Royalty Portfolio Kemess Gold – Copper Project
Young‐Davidson ramp‐up
progressing well
Fosterville reserves 34%
Hemlo reserves 12%
Eagle River reserves 13%
Stawell resources 14%
AMI revenue guidance to
US$7.7M – US$8.1M
Continually evaluating
royalty acquisitions
Resource update (Moz AuE1):
Positive feasibility update:
Successful 2016 Kemess East
drilling – Resource update
coming in Q1
EA Application review
ongoing – Q1 EA Decisions
3.2 4.0 3.2
AMI: Recent Developments
3
After‐tax NPV (5%)
C$421M
P&P M&I Inferred
(Reserves Only)
IRR of
15.4%
Both sides of business are becoming more valuable…
4. Capital Structure (TSX – AMI)
Share Price (as of Nov. 4, 2016) C$1.18
Shares Outstanding 150M
Market Capitalization C$180M
Cash (as of Sept. 30, 2016) C$20M
No Debt / Available credit facility of US$15M
Management Team
Chris Richter President & CEO
John Fitzgerald Chief Operating Officer
Chris Rockingham Vice President, Development
David Flahr Vice President, Finance
John Miniotis Vice President, Corporate
Development
Harold Bent Director, Environment
Board of Directors
Richard Colterjohn (Chair) Scott Perry
John McCluskey Anne Day
Anthony Garson Janice Stairs
Joseph Spiteri Chris Richter
Major Shareholders2
Alamos Gold 10%
Van Eck Associates 9%
Donald Smith & Company 8%
Tocqueville Asset Management 6%
AMI Management & Directors 4% 4
Market Overview
Analyst Coverage & Target Prices
National Bank (Adam Melnyk) C$1.60
Macquarie (Michael Siperco) C$1.60
Mackie Research (Ryan Hanley) C$1.50
Haywood Securities
Red Cloud
6. 0
2
4
6
8
10
12
14
$1,000 $1,200 $1,400 $1,600
Stawell Eagle River Hemlo Fosterville YD
Royalty Portfolio Overview
6
Royalty Mineral Inventory (years)1
Royalty EBITDA (C$ M) at Various Gold Prices2
Royalty Value Drivers
AuRico
Royalties
Asset Stage
Geographic Location
Core Asset of Operator
High‐Quality Operator
Precious Metals
Mine Life
Cost Profile
Scale of Production
Exploration Upside US$
0 5 10 15 20 25
Kemess East(3)
Kemess UG(3)
Stawell
Eagle River
Hemlo
Fosterville
YD
Royalty Mineral Inventory (years)
P&P
M&I
Inferred
7. Kemess (100% Owned) Overview
7
Past Present Future
Kemess South (Production:
1998 – 2011)
C$1 Billion of Infrastructure
on Care and Maintenance
Kemess Underground (KUG)
& Kemess East (KE)
3Moz
of Gold
Produced
(at 0.6 g/t)
750Mlbs
of Copper
Produced
(at 0.2%)
KUG Feasibility Update
KE Resource Update
Final 180‐day
Environmental Application
Review ongoing
Successful 2016 KE
drilling, including 628m at
0.53g/t Au and 0.41% Cu
(0.74% CuE)1
Resource update in Q1’17
(4.6Moz AuE1)
3,215
4,028
3,197
KUG + KE: AuE Ounces ('000)
P&P Indicated Inferred
9. Kemess UG: Production and Costs
9
Big
Production
at Low Cost
Annual production of 207Koz AuE over LOM (12 years)1
238Koz AuE annually for first 5 years
Total LOM cash costs of US$639 and AISC of US$718 per AuE
AISC of US$682/oz over first 5 years
Payback of 3.3 years
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
0
100
200
300
400
500
600
700
800
900
‐1 1 2 3 4 5 6 7 8 9 10 11 12 13
Annual Gold Equivalent Production vs. USD AISC
Gold Equivalent Production AISC(USD)
$/oz Ounces
10. 10
Kemess UG: Capex Breakdown
Capex
(US$ millions)
To First
Production
Additional to
Commercial Prod’n Total %
Mine 154 46 200 39%
Mill 23 6 29 6%
Access Corridor 27 ‐ 27 5%
Conveyor 30 ‐ 30 6%
UG Electrical &
Ventilation
22 ‐ 22 4%
Owner’s Costs, G&A,
and Other
25 1 26 5%
Capitalized Op. Costs 108 71 179 35%
Pre‐Commercial
Revenue
‐ (64) (64)
Total 393 59 452
Kemess benefits from extensive
infrastructure in place including
processing facility, grid power,
access road, camp, admin and
maintenance facilities, airstrip, etc.
UG development capex at less risk
of overspend given it’s paid on $/m
basis
Opportunity to reduce capex
through equipment leasing (C$86M)
87% of capital expenditures are C$
denominated
Capex is heavily weighted to final 2
years prior to commercial
production
11. Kemess UG + Kemess East Reserves
and Resources (all categories) of
10.9Moz AuE
Kemess East – Higher Grade Discovery
11
~51Mt in high grade core of Kemess
East with Cu grade 69% higher and Au
grade 23% higher than KUG Reserves
Completed successful 2016 drilling
program with highlight holes including:
• #13: 628m of 0.53 g/t Au, 0.41% Cu
• #12: 549m of 0.55 g/t Au, 0.41% Cu
• #9: 504m of 0.52 g/t Au, 0.36% Cu
Kemess East Resource update
expected in Q1/17
Kemess East Cross – Section – Potassic Alteration (Looking West)
12. Kemess Financing Alternatives
Kemess
Advantages
Attractive economics
“2/3rds built” (~C$1B of infrastructure)
“Low risk” capex (mostly UG dev’t)
Proven as past producer (‘98 – ’11)
Advanced stage
~55/45 Au/Cu split
BC government very
supportive
Fully unencumbered
Clean concentrate
12
Smelter (offtake‐linked)
Financing
Joint Venture /
Earn‐in
Project Financing
Royalty / Stream Private Equity
18. 18
Producing Royalty Portfolio
Young‐
Davidson
Fosterville
Hemlo‐
Williams
Eagle River Stawell
Royalty 1.5% NSR 2% NSR 0.25% NSR 0.5% NSR 1% NSR
Location
Ontario,
Canada
Victoria,
Australia
Ontario, Canada Ontario, Canada
Victoria,
Australia
Operator Alamos Gold
Newmarket
Gold
Barrick Gold
Wesdome Gold
Mines
Newmarket
Gold
Asset Overview
Underground
mine
Underground
mine
Underground
and Open Pit
mine
Underground
mine
Underground
mine
2016E Production 170‐180 Koz 130‐140Koz 215 – 230Koz 43 – 47Koz 35Koz
Reserves and
Resources
P&P: 3,823Koz
M&I: 1,499Koz
Inferred:
321Koz
P&P: 388Koz
M&I: 1,878Koz
Inferred:
665Koz
P&P: 917Koz
M&I: 1,451Koz
Inferred:
306Koz
P&P: 300Koz
Inferred:
170Koz
P&P: 166Koz
M&I: 80Koz
Inferred:118Koz
Commentary
17+ years reserve
life (among
longest in Canada);
UG Ramp‐up
ongoing
Increased 2016
production
guidance; 3
consecutive years
of record
production;
Ongoing
exploration
Increased 2016
production
guidance; Has
been producing
for 30+ years
(24Moz) with good
reserve
replacement
Significant upside
from continued
exploration of
identified ore
zones (incl. 300
zone); Continuous
production since
1995 (>1Moz)
30+ years of
production
history; Active
drilling on Aurora
B discovery; Big
Hill Project in
permitting stage
Non‐producing royalties include GJ, Hemlo‐David Bell (1.5% NSR), and Leviathan (1% NSR)
19. 19
2016 Outlook
Royalty revenue: US$7.7M – US$8.1M
G&A: US$3M (excluding stock based compensation)
Kemess Care and Maintenance: US$4.5M
Kemess project expenditures: US$3.0M – US$3.8M
KUG FS update, KE resource update, EA, permitting, and First Nations activities
Kemess East exploration: US$4.9M
Advancing cost cutting at Kemess (care and maintenance)
Well positioned financially to execute smaller royalty acquisitions
Fully funded to advance Kemess UG to development decision
20. 20
Kemess UG – Panel Caving
Cross Section showing Decline, Underground Workings & Panel Cave
KUG reserve situated approximately 200 to 550 m below surface
The footprint is approximately 570m east‐west and 300m north‐south
Mine will be accessed and supported by a triple decline system comprising access, ore
conveying and intake air declines
Total 2,250t of ore per metre of lateral development results from this mine design,
representing a very high development efficiency compared to other UG mining methods
Caving is initiated in highest value ore at east end of KUG; average production of 25Ktpd
over the life of the mine
21. 21
Select Caving Comparables
2016E Cash Cost (Co-Product) Positioning
KUG in top
quartile(2)
Northparkes
Cadia EastNew Afton
“While all mining projects have
residual technical uncertainties,
the KUG Project is considered
to be relatively low risk for a
caving project in terms of key
mining‐related risks including
production ramp‐up, drawpoint
stability, subsidence and
mudrush.”
‐ SRK Consulting
Operation
Tonnes
(Mt)
Au (g/t) Cu (%)
Kemess UG 107 0.54 0.27
New Afton 62 0.62 0.82
Northparkes 102 0.26 0.60
Cadia East 1,500 0.47 0.27
Proven & Probable Reserve Comparison1
22. Operating Cost Benchmarking
22
(C$/Tonne)
New Afton Costs
(Actuals per 2015 43‐
101)(1)
Scale‐Adjusted
Costs (2)
Kemess UG Costs
(per 2016 43‐101)
Mining 6.59 5.34 5.39
Processing 9.46 6.54 5.95
Site G&A 2.97 1.70 2.93
Total 19.02 13.58 14.27
• Kemess UG mining cost estimate compares well to existing block cave in British
Columbia after adjusting for scale of the operation
• Kemess UG processing costs are based on actual costs of operating the Kemess
Mill, which ceased operations in 2011, updated for current consumables pricing
• Kemess UG G&A costs are higher by $1 per tonne due to location, and the need
to incur additional flight and camp costs
1) New Afton’s actual costs for 2014 are provided in table 21‐2 of the New Afton NI 43‐101 Technical Report dated March 23, 2015
2) Scale‐Adjusted cost calculated by applying assumption that 40% of mining costs, 65% of processing costs, and 90% of G&A costs
would remain constant if capacity was increased from 2014 actual throughput of 13,130 TPD to Kemess design capacity of 25,000
TPD
25. Endnotes
25
Slide 3 – AMI Recent Developments – 1) AuE calculated on basis of $1,250/oz Au and $2.50/lb Cu
Slide 4 ‐ Market Overview
2) Per Bloomberg, Sedi, and company filings
Slide 6 ‐ Royalty Portfolio Overview:
1) Reserves and resources per most recent resource updates from asset owners; Assumes annual production levels for YD, Fosterville,
Hemlo, Eagle River, Kemess UG and East, and Stawell of 200Koz, 115Koz, 200Koz, 50Koz, 140Koz, and 30Koz respectively and
recoveries of 90%, 88%, 95%, 95%, 90%, and 90% respectively
2) Annual production assumptions per mid‐point of guidance; For Kemess UG, the copper price is being adjusted up/down by the same
percentage, i.e. the parallel copper price assumptions for the gold price range of $1,100 ‐ $1,600/oz is $2.54, $2.77, $3.00, $3.23,
$3.46, $3.69
Slide 7 ‐ Kemess Overview: AuE ounces calculated on the basis of $1,250/oz Au and $2.50/lb Cu
Slide 11 ‐ Kemess East
1) AuE calculation assumes Au price of $1,250/oz and Cu price of $2.50/oz
Slide 13 – 1) NAV per Share – Royalties and Corporate Outflow per analyst consensus; Kemess per FS (Mar. 23, 2016) at Consensus pricing
Slide 21 ‐ Select Caving Comparables
1) Proven and Probable Reserves shown as of December 31, 2015
2) KUG average total cash cost in commercial production
Slide 24 ‐ Reserves & Resources
1) AuE calculation assumes Au price of $1,250/oz and Cu price of $2.50/oz