- 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.
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 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 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 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.
- 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.
- 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.
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.
- 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.
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 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 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 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.
- 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.
- 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.
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.
- 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 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.
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.
- 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 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.
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 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 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.
- 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.
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.
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 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.
- 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.
- 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.
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.
- 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 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 Young-Davidson Mine Update document provides information on production and development at the Young-Davidson gold mine, including: strong production growth from underground mining, expansion of the shaft system to increase productivity, and an expected all-in sustaining cash cost of $1,100-$1,200 per ounce for 2013.
- Historic mining at Young-Davidson and a nearby mine produced over 970,000 ounces of gold. Current proven and probable reserves are over 3.8 million ounces.
- Underground mining rates have increased significantly and the mine plans to ramp up further to over 7,000 tonnes per day with expanded shaft access over the next few years.
Bank of America Merrill Lynch Canada Mining Conference AuRico Gold
The document discusses Barrick Gold Corporation's presentation at the Bank of America Merrill Lynch Canada Mining Conference on September 12, 2013. It begins with standard forward-looking statement disclaimers and then summarizes Barrick's streamlined asset base focused on its two core North American assets, Young-Davidson and El Chanate. It outlines Barrick's strong balance sheet, fully funded organic growth profile with increasing production and declining costs, and management's focus on creating shareholder value through initiatives like the $300 million substantial issuer bid in January 2013.
VeroTech is an engineering consultancy that manages R&D projects and develops engineers. It offers career development opportunities for consultants in fields like mechatronics, embedded software, electronics, and mechanics. VeroTech aims to match customer needs with the right engineering profiles and retains engineers through coaching, evaluations, and mentorship. It works across sectors such as energy, communications, transport, and life sciences.
Stout's current student enrollment process involves students selecting from the various information and computing technology (ICT) programs offered. Some of the most popular ICT programs at Stout include computer science, software engineering, network administration, and cybersecurity. Students work with an academic advisor to determine the best ICT pathway based on their interests and career goals.
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.
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.
- 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 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.
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 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 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.
- 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.
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.
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 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.
- 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.
- 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.
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.
- 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 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 Young-Davidson Mine Update document provides information on production and development at the Young-Davidson gold mine, including: strong production growth from underground mining, expansion of the shaft system to increase productivity, and an expected all-in sustaining cash cost of $1,100-$1,200 per ounce for 2013.
- Historic mining at Young-Davidson and a nearby mine produced over 970,000 ounces of gold. Current proven and probable reserves are over 3.8 million ounces.
- Underground mining rates have increased significantly and the mine plans to ramp up further to over 7,000 tonnes per day with expanded shaft access over the next few years.
Bank of America Merrill Lynch Canada Mining Conference AuRico Gold
The document discusses Barrick Gold Corporation's presentation at the Bank of America Merrill Lynch Canada Mining Conference on September 12, 2013. It begins with standard forward-looking statement disclaimers and then summarizes Barrick's streamlined asset base focused on its two core North American assets, Young-Davidson and El Chanate. It outlines Barrick's strong balance sheet, fully funded organic growth profile with increasing production and declining costs, and management's focus on creating shareholder value through initiatives like the $300 million substantial issuer bid in January 2013.
VeroTech is an engineering consultancy that manages R&D projects and develops engineers. It offers career development opportunities for consultants in fields like mechatronics, embedded software, electronics, and mechanics. VeroTech aims to match customer needs with the right engineering profiles and retains engineers through coaching, evaluations, and mentorship. It works across sectors such as energy, communications, transport, and life sciences.
Stout's current student enrollment process involves students selecting from the various information and computing technology (ICT) programs offered. Some of the most popular ICT programs at Stout include computer science, software engineering, network administration, and cybersecurity. Students work with an academic advisor to determine the best ICT pathway based on their interests and career goals.
El documento proporciona una lista de fechas e información sobre visitas a diferentes centros educativos de la región de Tenerife entre el 12 de enero y el 14 de marzo. Se enumeran 16 centros diferentes con las fechas de visita y la dirección de cada uno. Las visitas tienen lugar en horarios variados entre las 8:30 y las 13:15 horas.
Este documento fornece informações sobre geometria analítica, incluindo definições e equações de circunferências, elipses, hipérboles e parábolas. É apresentado o graduado em Matemática e Ciências Naturais da UFBA e seus endereços online.
Este comando inicia el juego Counter-Strike 1.6 desde la carpeta de instalación predeterminada, sin conectarse a un servidor maestro y seleccionando el modo de juego cstrike.
Attracting the right candidates can be difficult and sometimes it can all come down to how you tell your Organisation's story on your website. Our recent edition to our blog provides examples of companies with excellent About Us pages, showing excellent Employer Branding. If you'd like to find out more about the training sessions we provide on Employer Branding please don't hesitate to contact us at training@easywebrecruitment.com.
Este documento presenta una introducción a la economía. Explica que la economía estudia la producción y distribución de bienes y servicios para satisfacer las necesidades humanas. Se divide en dos ramas: positiva y normativa. La positiva se basa en el análisis objetivo de la realidad económica y comprende la teoría económica y la economía descriptiva. La normativa se refiere a cómo debería ser la economía.
This document discusses the importance of off-ice speed training for hockey players and provides recommendations for structuring speed, agility, and quickness (SAQ) sessions. It recommends breaking SAQ training into segments focusing on the upper body, core, and lower body. It also provides progressions for mechanical drills and exercises that can be incorporated into SAQ sessions to develop speed and explosiveness, including exercises like clock hops, hurdles, and bounding. The document emphasizes establishing proper movement patterns and structuring SAQ sessions to progressively challenge players through chunking, combining movements, and introducing randomization.
This document provides information about the BIOL3070 Tropical Ecology module, which includes a 15-day field trip to Belize. It outlines the module structure, assessments, itinerary, travel arrangements, and preparations needed. Students will participate in introductory seminars, fieldwork at 3 sites, group activities and projects. Assessments include a reflective journal, group presentation, and individual report. Vaccinations, clothing, and safety protocols are also discussed to prepare students for the trip.
IPM Global is a project management software company that offers an integrated project management solution. The software allows users to manage projects, documents, schedules, and other project data from a web browser or mobile app. It offers custom dashboards, reporting, submittal management, forecasting, and other functionality. The software also integrates with accounting systems to provide a single source of project truth between estimating, project management, and accounting.
This document provides an overview of concepts covered in a class on global project management. It discusses project partnering frameworks, key partnership practices, types of contracts, managing contract changes, classes of international projects, issues in international management, international assignments, environmental factors affecting projects, cross-cultural factors, and Hofstede's cultural dimensions framework. The class will cover cultural orientation, negotiating across cultures, and sustaining international partnerships.
Currently the Gulen schools can be found in 101 countries, the poor countries they gravitate to. Some countries have closed them down: Russia, Turkmenistan, Egypt, Tajikistan, Uzbekistan and Turkey. http://turkishinvitations.weebly.com/every-continent-but-antarctica-news-articles--links.html
http://www.gulenschoolsworldwide.blogspot.com
Ulabox.com en el comité de la demanda de AECOCulabox
Este documento describe el modelo de negocio de Ulabox, el primer supermercado 100% en línea en España. Ulabox se centra en ofrecer un excelente servicio al cliente a través de la entrega rápida a domicilio, una amplia variedad de productos básicos y la innovación tecnológica. El documento también explica cómo Ulabox genera valor para los clientes a través de la conveniencia y para los fabricantes como un nuevo canal de ventas y oportunidades de marketing.
- 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.
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 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 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 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.
- 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.
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 september 2016 (14)
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June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
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 Sep. 9, 2016) C$0.99
Shares Outstanding 150M
Market Capitalization C$148M
Cash (as of June 30, 2016)1 C$21M
No Debt & available credit facility 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 (Barry Allan) C$1.50
Haywood Securities (Tara Hassan) C$1.40
Red Cloud
5. Property Locations
5
All properties located in stable, desirable mining jurisdictions
Development Property
CANADA
AUSTRALIA
KEMESS (100%)
British Columbia, Canada
YOUNG-DAVIDSON (1.5% NSR)
Ontario, Canada STAWELL (1% NSR)
Victoria, Australia
FOSTERVILLE (2% NSR)
Victoria, Australia
Royalty
LEVIATHAN (1% NSR)
Victoria, Australia
KEMESS UG
(Potential Royalty or Stream)
British Columbia, Canada
HEMLO – WILLIAMS (0.25% NSR)
Ontario, Canada
HEMLO – DAVID BELL (1.5% NSR)
Ontario, Canada
EAGLE RIVER (0.5% NSR)
Ontario, Canada
Actively pursuing accretive opportunities to grow royalty portfolio
Producing Royalty
6. Royalty Portfolio Overview
6
Royalty Mineral Inventory (years)1
Royalty EBITDA (C$ 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
4
8
12
$1,000 $1,200 $1,400 $1,600
Stawell Eagle River Hemlo Fosterville YD
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 and 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 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. Kemess UG: Initial Capital
10
Kemess
Advantages
C$603M (US$452M) in pre-commercial production capex
“Low risk” capex given infrastructure in place (processing facility, grid
power, access road, camp, admin and maintenance facilities, etc.)
87% of capital expenditures are C$ denominated
Capex is heavily weighted to final 2 years prior to commercial prod’n
Opportunity to reduce capex through equipment leasing (C$86M)
11. Kemess UG + Kemess East Reserves
and Resources (all categories) of
10.9Moz AuE Property-Wide
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$1B of infrastructure)
“Low risk” capex (mostly UG dev’t)
Proven as past producer (‘98 – ’11)
Advanced stage
~55/45 Au/Cu split
BC government very
supportive
Fully unencumbered
Clean concentrate
12
Smelter (offtake-linked)
Financing
Joint Venture /
Earn-in
Project Financing
Royalty / Stream Private Equity
13. Share Price
Net Asset Value per Share
13
Significant Valuation Opportunity driven by:
1. Royalty multiple expansion / accretive deals
2. Recognition of Kemess value / Kemess advancement
3. Recognition of Kemess (embedded) royalty opportunity
(C$)
Royalty value
at royalty co.
P/NAV of 1.8x
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
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$100M (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 catalysts on horizon including potential royalty
acquisitions, Kemess UG EA, Kemess East drill results
Unique risk – reward dynamic through combination of
royalties with stand-out development project
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
Expect to be FCF positive in 2017 following completion of this year’s investments
and with cost cutting measures being pursued at Kemess
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. 22
Kemess Underground – Panel Caving
Cross Section showing Decline, Underground Workings & Panel Cave
• KUG reserve situated approximately 200 to 550 m below surface
• 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
23. Kemess: Low Capital Intensity
23
• Potential to add additional low-cost ounces at KUG and Kemess East
Source: Canaccord Genuity (March 23, 2016).
25. Endnotes
25
Slide 3 – AMI Recent Developments – 1) AuE calculated on basis of $1,250/oz Au and $2.50/lb Cu
Slide 4 - Market Overview
1) Converted to C$ 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 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