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.
- 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 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 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.
- 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.
- 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.
- 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.
- 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.
- 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 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 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.
- 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.
- 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.
- 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.
- 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.
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 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.
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.
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.
- 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.
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 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 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.
- 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.
- 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.
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.
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 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.
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.
- 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 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
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 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.
Maverix Metals Inc. is a new streaming and royalty company with 13 assets in its portfolio. It has a market capitalization of around C$100 million and owns two producing assets, two advanced stage assets, and other long term development assets. Maverix has a strong balance sheet with C$5 million in cash and no debt. The company aims to generate cash flow from its current assets and pursue further acquisitions to continue growing in a financially disciplined manner.
1) O documento discute os conceitos de energia cinética, potencial gravitacional e elástica.
2) A energia cinética está relacionada ao movimento e depende da massa e velocidade de um objeto.
3) A energia potencial gravitacional depende da massa e altura de um objeto em relação a um ponto de referência.
El documento describe el proceso de la fotosíntesis. Explica que la fotosíntesis convierte la energía de la luz solar en energía química al transformar el dióxido de carbono y el agua en oxígeno y compuestos orgánicos como la glucosa. La clorofila es el componente clave que permite este proceso de transformación de la energía luminosa en energía química.
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 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.
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.
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.
- 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.
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 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 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.
- 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.
- 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.
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.
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 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.
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.
- 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 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
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 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.
Maverix Metals Inc. is a new streaming and royalty company with 13 assets in its portfolio. It has a market capitalization of around C$100 million and owns two producing assets, two advanced stage assets, and other long term development assets. Maverix has a strong balance sheet with C$5 million in cash and no debt. The company aims to generate cash flow from its current assets and pursue further acquisitions to continue growing in a financially disciplined manner.
1) O documento discute os conceitos de energia cinética, potencial gravitacional e elástica.
2) A energia cinética está relacionada ao movimento e depende da massa e velocidade de um objeto.
3) A energia potencial gravitacional depende da massa e altura de um objeto em relação a um ponto de referência.
El documento describe el proceso de la fotosíntesis. Explica que la fotosíntesis convierte la energía de la luz solar en energía química al transformar el dióxido de carbono y el agua en oxígeno y compuestos orgánicos como la glucosa. La clorofila es el componente clave que permite este proceso de transformación de la energía luminosa en energía química.
Este documento contiene un diálogo en español entre dos personas donde se hacen preguntas comunes sobre la presentación, la fecha, el origen, la edad, los pasatiempos y el color favorito. El documento también incluye imágenes citadas relacionadas con el tema.
El documento presenta información sobre varios científicos históricos y sus contribuciones a la ciencia, incluyendo a Isaac Newton, John Dalton, René Descartes, Charles Darwin y Albert Einstein. Explica brevemente los descubrimientos y teorías de cada uno en áreas como la gravitación universal, la teoría atómica, el método científico, la teoría de la evolución y la teoría de la relatividad especial. También menciona que a lo largo de la historia, los descubrimientos científicos han formado parte de nue
El documento describe los cinco reinos en los que se clasifican los seres vivos: Monera (bacterias unicelulares), Protista (organismos microscópicos multicelulares), Fungi (hongos), Plantae (plantas) y Animal (animales multicelulares heterótrofos). Cada reino se caracteriza por sus similitudes biológicas, como la estructura celular, la forma de nutrición, reproducción y hábitat. La clasificación permite estudiar y entender las relaciones evolutivas entre los seres vivos.
El documento presenta los horarios de diferentes asignaturas de fútbol americano durante tres fines de semana. Se detallan las asignaturas, su duración, profesor y lugar para los días viernes, sábado y domingo, incluyendo actividades como técnica individual, táctica ofensiva, reglamento de juego y sistemas de ataque y defensa.
Pai deixa 28 lições de vida aos filhos antes de morrerBrainstormingBR
Um professor inglês com câncer terminal escreveu cartas e mensagens para os filhos antes de morrer para passar 28 lições de vida. Ele enfatizou virtudes como lealdade, integridade e coragem moral, além de ensinar a importância de ser cortês, generoso e ter humildade. Suas palavras inspiraram não só os filhos, mas todos que as leram.
Ana conoce a Alejandro en línea y comienzan una relación a pesar de que él está casado y ella comprometida. Se enamoran profundamente aunque saben que no pueden estar juntos. Deciden separarse para dejar de causar daño, pero juran amarse el uno al otro por siempre aunque nunca se vuelvan a ver. Ana se casa con su prometido y Alejandro permanece con su esposa, pero ambos mantienen su amor en secreto.
Reporte morelia 2014 octubre español. completoLink OZ
El resumen describe las actividades de servicio que se llevan a cabo en Morelia, Michoacán, México. Los programas se realizan los jueves, sábados y domingos y también se celebran festivales vaishnavas. La asistencia a los programas es de 10 a 15 personas como mínimo. Se comparten invitaciones para el servicio de Harinama y se reparten alrededor de 300 invitaciones.
Este documento presenta el manual de organización de FUNDACITE Mérida. Incluye información sobre los antecedentes históricos de la fundación desde su creación en 1989, su misión, visión y objetivos. También describe la estructura organizacional de FUNDACITE Mérida, incluyendo la dirección, servicios operativos y de apoyo, así como las funciones de cada unidad y cargo. El propósito del manual es proporcionar información sobre la institución para orientar e integrar al personal actual y nuevo.
El documento habla sobre la historia de Excel y cómo sumar y restar en Excel. Explica que Microsoft originalmente desarrolló Multiplan en 1982 y lanzó la primera versión de Excel para Mac en 1985 y Windows en 1987. Esto ayudó a Microsoft a convertirse en el principal desarrollador de software de hoja de cálculo. Luego describe que para sumar en Excel se usa el signo igual, se indican las celdas a sumar separadas por más, y para restar se usa el signo igual, se indican las celdas a restar separadas por menos.
A União Europeia está enfrentando desafios sem precedentes devido à pandemia de COVID-19 e à invasão russa da Ucrânia. Isso destacou a necessidade de autonomia estratégica da UE em áreas como energia, defesa e tecnologia digital para garantir sua segurança e prosperidade a longo prazo. A Comissão Europeia propôs novas iniciativas para fortalecer a resiliência econômica e geopolítica do bloco.
Este documento estabelece o regulamento interno para compras e contratações realizadas pela Associação Vida Promoção Social (VPS). O regulamento define critérios e procedimentos para aquisição de bens e contratação de serviços de forma a garantir princípios como moralidade, impessoalidade e economicidade. É aplicável a todas as compras e contratações realizadas pela VPS para execução de seu convênio com a Fundação de Ação Social de Curitiba.
El documento describe la evolución de la Web desde la 3.0 hasta la 5.0. La Web 3.0 combina la inteligencia humana y de computadoras para proporcionar información relevante. La Web 4.0 se basa en la comunicación inalámbrica que permite la conexión entre personas y dispositivos. La Web 5.0 intentará crear ordenadores que interactúen con los seres humanos principalmente en su relación con las computadoras.
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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.
- 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 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 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.
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.
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 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.
Young-Davidson is a strategic Canadian gold asset for AuRico Gold, with significant production growth projected through 2033 under different USD/CAD exchange rate assumptions. In Q4-2014, Young-Davidson transitioned to positive net free cash flow. The 2015 business plan targets further increases in underground productivity and gold production growth of 10-15%, with lower costs and capital expenditures. Young-Davidson is projected to be one of the largest underground gold mines in Canada, with a long mine life and strong free cash flow generation over the next two decades.
Sales Desk Presentation - February 2-6, 2015AuRico Gold
- The document is a sales desk presentation from Aurico Gold covering the period from February 2-6, 2015.
- Aurico Gold has built a portfolio of low cost, long life mining assets that is expected to deliver significant production growth and a growing free cash flow profile.
- Their flagship asset is the Young-Davidson mine, one of Canada's largest underground gold mines located in Ontario with over 20 years of mine life remaining.
This document summarizes a presentation given at the TD Mining Conference on January 27, 2015 by AuRico Gold Inc. It discusses AuRico Gold's balanced portfolio of North American gold assets, including its flagship Young-Davidson mine in Ontario, Canada. The summary highlights that in 2014 Young-Davidson achieved production growth, lowered costs, and transitioned to positive net free cash flow. AuRico Gold's strategic plan is to further increase production and lower costs at Young-Davidson to generate significant free cash flow over its 20+ year mine life.
Sales Desk Presentation - January 14-16, 2015AuRico Gold
This presentation summarizes Aurico Gold's sales desk presentation from January 14-16, 2015. It discusses Aurico's balanced portfolio of gold assets in North America, including its Young-Davidson and El Chanate mines. It also notes Aurico's significant production growth profile, with expected gold production reaching over 350,000 ounces by 2017. The presentation provides details on Aurico's strong liquidity position and quarterly dividend distributions. It includes disclosure around forward-looking statements and non-GAAP measures.
Western Copper and Gold is developing the Casino copper-gold mine in Yukon, Canada. The Casino project has a 1.12 billion tonne mineral reserve with an estimated $1.83 billion NPV at an 8% discount rate and 20.1% IRR based on the 2013 feasibility study. Work is ongoing to secure project financing and permits with the goal of beginning construction in 2017 and starting production within 2-4 years.
Western Copper and Gold Corporate Presentation - June 2015PaceCreativeGroup
Western Copper and Gold is developing the Casino copper-gold mine in Canada's Yukon Territory. The Casino project has over 1 billion tonnes of proven mineral reserves containing 4.5 billion pounds of copper and 8.9 million ounces of gold. A 2013 feasibility study showed the project has a post-tax NPV of $1.83 billion and an IRR of 20.1% using long-term metal price assumptions. Western Copper is de-risking the project through permitting, engineering studies, and securing partnerships.
Western Copper and Gold Corporation is developing the Casino copper-gold mine in Yukon, Canada. The Casino project has proven and probable reserves of 4.5 billion pounds of copper and 8.9 million ounces of gold. The project's 2013 feasibility study estimated an after-tax NPV of $1.27 billion and IRR of 17.2% based on long-term metal prices. Western Copper is working to secure project financing in 2016-2017 and begin construction in 2017-2018 with the goal of starting production around 2020.
Similar to Ami corporate update october 2016 (1) (14)
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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:
Delineation of high grade
core at Kemess East (upside)
with drilling ongoing
EA Application undergoing
180-day review by BC EAO
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 Oct. 4, 2016) C$1.05
Shares Outstanding 150M
Market Capitalization C$158M
Cash (as of June 30, 2016)1 C$21M
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 (Tara Hassan) C$1.40
Red Cloud
5. Property Locations
5
All properties located in stable, desirable mining jurisdictions
Development Property
CANADA
AUSTRALIA
KEMESS (100%)
British Columbia, Canada
YOUNG-DAVIDSON (1.5% NSR)
Ontario, Canada STAWELL (1% NSR)
Victoria, Australia
FOSTERVILLE (2% NSR)
Victoria, Australia
Royalty
LEVIATHAN (1% NSR)
Victoria, Australia
KEMESS UG
(Potential Royalty or Stream)
British Columbia, Canada
HEMLO – WILLIAMS (0.25% NSR)
Ontario, Canada
HEMLO – DAVID BELL (1.5% NSR)
Ontario, Canada
EAGLE RIVER (0.5% NSR)
Ontario, Canada
Actively pursuing accretive opportunities to grow royalty portfolio
Producing Royalty
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
KE drilling in 2015
included intersection of
772m at 0.465g/t Au and
0.365% Cu (0.72% CuE)1
Expanded 2016 KE
exploration program
(4.6Moz AuE1)
3,215
4,028
3,197
KUG + KE: AuE Ounces ('000)
P&P Indicated Inferred
8. Kemess UG – Feasibility Study Update
8
Unique
Opportunity
Few other big / near-term
development opportunities in
Canada… and Kemess
benefits from C$1bn of
infrastructure in place
Robust
Economics
After-tax NPV5% of C$421M
and IRR of +15% (assuming
$1,250/oz Au, $3.00/lb Cu and C$/US$ of
0.75)
Significant
Upside
Large (246Mt) M&I resource
(including 107Mt of reserves)
situated vertical to the
extraction level (of the
planned KUG panel cave)
Potential further upside from
Kemess East (including high
grade core) – which remains
open in several directions
K UG
K EastKUG K. East
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
K South
Increased KE drill program from
$1.7M to $4.4M (funded through
secured flow through funds) with
goal of infilling, upgrading, and
expanding resource
Drill results expected in Q4
Drill areas
planned for
2016
12. Kemess Financing Alternatives
Kemess
Advantages
Attractive economics
“2/3rds built” (~C$1B of infrastructure)
“Low risk” capex (mostly UG dev’t)
Proven as past producer (‘98 – ’11)
Advanced stage
~55/45 Au/Cu split
BC government very
supportive
Fully unencumbered
Clean concentrate
12
Smelter (offtake-linked)
Financing
Joint Venture /
Earn-in
Project Financing
Royalty / Stream Private Equity
13. 0.64
0.75 0.16
2.81
0.26
3.35
-
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Royalties Cash Kemess Corporate Outflow
Share Price
Net Asset Value per Share
13
Significant Valuation Opportunity driven by:
1. Royalty multiple expansion / accretive deals
2. Recognition of Kemess value / Kemess advancement
3. Recognition of Kemess (embedded) royalty opportunity
(C$)
Royalty value
at royalty co.
P/NAV of 1.8x
14. Undervalued…
14
Valuation vs. Developer Peers (C$M Mkt. Cap.)
P/NAV vs. Royalty Peers
Source: Peers per CIBC (September 6, 2016) – Analyst consensus
Very limited value being ascribed to Kemess considering royalty + cash NAV of ~C$120M (at 1x)
2.2 x
1.9 x 1.8 x 1.8 x
1.3 x
1.8 x
1.3 x
0.0 x
0.5 x
1.0 x
1.5 x
2.0 x
2.5 x
Franco-Nevada Silver Wheaton Sandstorm Gold Royal Gold Osisko Royalties Average AMI (Royalties +
Cash)
0
200
400
600
800
1,000
Seabridge Lundin Gold Continental Kaminak* Belo Sun Dalradian Polymet Victoria Sabina NGEx AuRico
Metals
YTD Return27%
51%
148% 213%
264%
86% 5% 300% 73%
74%
65%
15. … With Excellent Leverage to Gold
15
Source: NBF Estimates (May 13, 2016); NAVPS Leverage shown for a 10% change in Au price
P/NAVPS NAVPS Leverage to Au
Undervalued… with excellent leverage to gold
16. Summary / Investment Case
16
Portfolio of high quality producing gold royalties (‘16E royalty
revenue of US$7.7 – US$8.1M)
100% owned, advanced-stage Kemess Au/Cu project in BC –
with infrastructure in place
Strong balance sheet with no debt
Several near-term catalysts including potential royalty
acquisitions, Kemess UG EA, and Kemess East drill results
Unique risk – reward dynamic through combination of
royalties with stand-out development project
Compelling valuation
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 Hemlo-David Bell (1.5% NSR), and Leviathan (1% NSR)
19. Kemess – Embedded Royalty Value
19
ILLUSTRATIVE
Assumptions Gold Price $1,250 per ounce
Copper Price $3.00 per pound
Silver Price $20 per ounce
Forex 0.75 USD per CAD
Kemess is 100% owned and 100% unencumbered (no royalties or streams)
Presents material “organic” royalty-growth opportunity
KE
KUG
KUG Reserves
ONLY
Silver
Stream
($4/oz)
2% NSR
(All Metals)
Max Annual
Cash Flow
$9M $9M
Average Annual
Cash Flow
$7M $6M
NAV (pre-tax) $54M $49M
(M&I and Inferred at KUG and Kemess East
would add upside to these values)
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
In Situ Value @ 2%
In-Situ Metal Value
(2%)
(C$ ‘000)
Reserves M&I Inferred
20. 20
2016 Outlook
Royalty revenue: US$7.7M – US$8.1M
G&A: US$2.5M (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$4.4M
Advancing cost cutting at Kemess (care and maintenance)
Well positioned financially to execute smaller royalty acquisitions
Fully funded to advance Kemess UG to development decision
21. 21
Kemess UG – Panel Caving
Cross Section showing Decline, Underground Workings & Panel Cave
KUG reserve situated approximately 200 to 550 m below surface
The footprint is approximately 570m east-west and 300m north-south
Mine will be accessed and supported by a triple decline system comprising access, ore
conveying and intake air declines
Total 2,250t of ore per metre of lateral development results from this mine design,
representing a very high development efficiency compared to other UG mining methods
Caving is initiated in highest value ore at east end of KUG; average production of 25Ktpd
over the life of the mine
22. 22
Select Caving Comparables
2016E Cash Cost (Co-Product) Positioning
KUG in top
quartile(2)
Northparkes
Cadia EastNew Afton
“While all mining projects have
residual technical uncertainties,
the KUG Project is considered
to be relatively low risk for a
caving project in terms of key
mining-related risks including
production ramp-up, drawpoint
stability, subsidence and
mudrush.”
- SRK Consulting
Operation
Tonnes
(Mt)
Au (g/t) Cu (%)
Kemess UG 107 0.54 0.27
New Afton 62 0.62 0.82
Northparkes 102 0.26 0.60
Cadia East 1,500 0.47 0.27
Proven & Probable Reserve Comparison1
23. Operating Cost Benchmarking
23
(C$/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
24. Kemess: Low Capital Intensity
24
• Potential to add additional low-cost ounces at KUG and Kemess East
Source: Canaccord Genuity (March 23, 2016).
26. Endnotes
26
Slide 3 – AMI Recent Developments – 1) AuE calculated on basis of $1,250/oz Au and $2.50/lb Cu
Slide 4 - Market Overview
1) Converted to C$ at 0.77:1; Adjusted for equity bought deal and private placement with Alamos completed on August 22
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 - NAV per Share – Royalties and Corporate Outflow per analyst consensus; Kemess per FS (Mar. 23, 2016) at Consensus pricing
Slide 19 – Kemess Embedded Royalty Value
1) Per 2016 Feasibility Study update
Slide 22 - Select Caving Comparables
1) Proven and Probable Reserves shown as of December 31, 2015
2) KUG average total cash cost in commercial production
Slide 25 - Reserves & Resources
1) AuE calculation assumes Au price of $1,250/oz and Cu price of $2.50/oz