- 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.
- 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 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 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 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.
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 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 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.
- 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 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 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 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.
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 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 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., including positive developments at its Kemess gold-copper project and royalty portfolio.
- A feasibility study update for the Kemess Underground project showed an after-tax NPV of C$421M and IRR of 15.4%, with annual production of 207koz gold equivalent over 12 years of mining.
- Exploration is ongoing to expand resources at Kemess East, which remains open and shows potential to increase the project's economics.
- The document 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.
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 AuRico Metals Inc. for February 2017, including forward-looking statements and cautionary notes.
- It outlines AuRico's investment case as an advanced gold-copper development project at Kemess and a portfolio of high-quality royalty assets, with upcoming catalysts and a strong balance sheet.
- Key details on AuRico's assets include the Kemess Underground feasibility study showing robust economics, the high-grade discovery at Kemess East, and an overview of the existing royalty portfolio and acquisition of Kiska Metals assets.
The document provides an overview 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 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.
Golden Star Resources Ltd. aims to transform into a high-grade, low-cost gold producer by expanding production and reducing costs at its projects in Ghana. It plans to achieve this through increasing production from its Wassa Underground and Prestea Underground mines, which are expected to improve the company's production profile, costs, and cash flows. Golden Star also sees exploration upside from increasing reserves and resources at its projects to extend mine lives. The company believes this strategy could help increase its share price over time as it transforms into a lower-cost, African-focused mid-tier gold producer.
- 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.
This corporate update document provides forward-looking statements and cautions readers that actual results may differ due to risks and uncertainties. It discusses AuRico Metals' royalty portfolio, which includes producing assets like Young-Davidson and development stage assets like Kemess Underground. Kemess Underground has a feasibility study outlining solid economics, with an after-tax NPV of C$289M and IRR of 12.6%, and significant upside from Kemess East. However, AuRico Metals remains undervalued relative to pure royalty companies due to its embedded royalty opportunity at Kemess.
- The document is a presentation by Aurico Gold Inc. for an investor conference that provides an overview of the company's operations and growth outlook.
- Aurico owns two core gold mining assets in politically stable jurisdictions - the Young-Davidson mine in Canada and the El Chanate mine in Mexico - that have produced over 120,000 ounces of gold in 2013 with declining costs and are expected to continue growing production.
- The company has a strong balance sheet with $360 million in liquidity to fund growth from increasing internal cash flows without needing additional capital, and has returned $319 million to shareholders through dividends and share buybacks.
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.
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 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.
- 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.
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 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.
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.
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. in January 2016, including forward-looking statements and cautionary notes.
- It outlines AuRico's diversified royalty portfolio generating cash flow and its development-stage Kemess gold-copper project in British Columbia.
- Details are given on AuRico's capital structure, management team, and two of its most significant royalty assets - the Young-Davidson mine in Ontario and the Fosterville mine in Australia.
- The document 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 presentation provides an overview of AuRico Metals Inc., a Canadian development and royalty company. It highlights AuRico's strong balance sheet, advanced Kemess project, and high-quality royalty portfolio that includes producing royalties on the Young-Davidson, Fosterville, Hemlo, and Eagle River mines.
- AuRico's Kemess project has received environmental approval and benefits agreements, and feasibility studies show positive economics. The royalty portfolio generated estimated 2017 revenues of $12.7-13.9 million and includes long-life assets. Management has a track record of adding value through development and acquisitions.
- The document provides an update on AuRico Metals Inc., including positive developments at its Kemess gold-copper project and royalty portfolio.
- A feasibility study update for the Kemess Underground project showed an after-tax NPV of C$421M and IRR of 15.4%, with annual production of 207koz gold equivalent over 12 years of mining.
- Exploration is ongoing to expand resources at Kemess East, which remains open and shows potential to increase the project's economics.
- The document 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.
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 AuRico Metals Inc. for February 2017, including forward-looking statements and cautionary notes.
- It outlines AuRico's investment case as an advanced gold-copper development project at Kemess and a portfolio of high-quality royalty assets, with upcoming catalysts and a strong balance sheet.
- Key details on AuRico's assets include the Kemess Underground feasibility study showing robust economics, the high-grade discovery at Kemess East, and an overview of the existing royalty portfolio and acquisition of Kiska Metals assets.
The document provides an overview 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 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.
Golden Star Resources Ltd. aims to transform into a high-grade, low-cost gold producer by expanding production and reducing costs at its projects in Ghana. It plans to achieve this through increasing production from its Wassa Underground and Prestea Underground mines, which are expected to improve the company's production profile, costs, and cash flows. Golden Star also sees exploration upside from increasing reserves and resources at its projects to extend mine lives. The company believes this strategy could help increase its share price over time as it transforms into a lower-cost, African-focused mid-tier gold producer.
- 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.
This corporate update document provides forward-looking statements and cautions readers that actual results may differ due to risks and uncertainties. It discusses AuRico Metals' royalty portfolio, which includes producing assets like Young-Davidson and development stage assets like Kemess Underground. Kemess Underground has a feasibility study outlining solid economics, with an after-tax NPV of C$289M and IRR of 12.6%, and significant upside from Kemess East. However, AuRico Metals remains undervalued relative to pure royalty companies due to its embedded royalty opportunity at Kemess.
- The document is a presentation by Aurico Gold Inc. for an investor conference that provides an overview of the company's operations and growth outlook.
- Aurico owns two core gold mining assets in politically stable jurisdictions - the Young-Davidson mine in Canada and the El Chanate mine in Mexico - that have produced over 120,000 ounces of gold in 2013 with declining costs and are expected to continue growing production.
- The company has a strong balance sheet with $360 million in liquidity to fund growth from increasing internal cash flows without needing additional capital, and has returned $319 million to shareholders through dividends and share buybacks.
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.
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 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.
- 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.
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 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.
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.
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. in January 2016, including forward-looking statements and cautionary notes.
- It outlines AuRico's diversified royalty portfolio generating cash flow and its development-stage Kemess gold-copper project in British Columbia.
- Details are given on AuRico's capital structure, management team, and two of its most significant royalty assets - the Young-Davidson mine in Ontario and the Fosterville mine in Australia.
- The document 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 presentation provides an overview of AuRico Metals Inc., a Canadian development and royalty company. It highlights AuRico's strong balance sheet, advanced Kemess project, and high-quality royalty portfolio that includes producing royalties on the Young-Davidson, Fosterville, Hemlo, and Eagle River mines.
- AuRico's Kemess project has received environmental approval and benefits agreements, and feasibility studies show positive economics. The royalty portfolio generated estimated 2017 revenues of $12.7-13.9 million and includes long-life assets. Management has a track record of adding value through development and acquisitions.
- The document provides an overview 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 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.
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 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 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 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 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.
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.
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.
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.
2015 Annual & Special Meeting of ShareholdersAuRico Gold
The document provides an overview of Aurico Gold Inc.'s 2015 Annual and Special Meeting of Shareholders. Some key points:
- Aurico Gold has producing assets in top mining jurisdictions including Young-Davidson, one of Canada's largest underground gold mines, and El Chanate, a consistent low-cost open pit mine in Mexico.
- Guidance for 2015 includes production growth of up to 14% at lower costs and capital investment compared to 2014. Young-Davidson is expected to increase production by up to 15% at lower underground cash costs and capital expenditures.
- Kemess Underground is an advanced development project in British Columbia with reserves of over 10 million ounces of gold and significant exploration potential. Permit
Morgan Stanley Metals & Mining ConferenceAuRico Gold
This document provides an overview of AuRico Gold's Metals & Mining Corporate Access Day presentation on March 17, 2015. The summary includes:
1) AuRico Gold is a Canadian gold producer with assets in Canada and Mexico, including its flagship Young-Davidson mine in Ontario.
2) The presentation outlines AuRico Gold's strategy of production growth, declining costs and capital expenditures, growing free cash flow, and its strong liquidity and development project pipeline.
3) Key highlights for 2015 include expected gold production growth of up to 14% alongside declining cash costs and capital investment of up to 13% and 36%, respectively.
Similar to Ami corporate update September 2017 (16)
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MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
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Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
2. Forward-Looking Statements
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, and Fosterville mines, which are not owned by the Company, project timelines, resource and reserve
estimates, projected production and costs of the Kemess Underground Project and Kemess East Project, 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 , the presence
of and continuity of metals at Kemess East at modeled grades, as well as expectations relating the assets acquired through the acquisition of Kiska Metals.
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, and Fosterville 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. Overview
Compelling Opportunity
Strong balance sheet (C$28M cash2) with no debt
Unique risk – reward dynamic through combination of stand-out
development project with royalties
Attractive valuation
Strong management and technical team
Kemess (100% Owned)
Advanced-stage, Brownfields Au/Cu project in British Columbia
Kemess Underground (KUG) – FS (’16), EA and IBA Approved (‘17)
Kemess East (KE) – PEA (‘17); KE drilling ongoing, Kemess integrated
study to be completed in 2018
Positive Economics – Supported by ~C$1B of infrastructure in place
+12Moz Gold Equivalent Ounces (all resource categories)1
Royalty Portfolio
Portfolio of high quality NSR royalties in Canada and Australia
2017E Royalty revenue of C$14.0 – C$14.7M (US$10.5 - $11.0M)
21 royalties + 6 wholly-owned properties with royalty creation potential
NSR Royalties incl. Young-Davidson (1.5%), Fosterville (2%), Hemlo (0.25%),
Eagle River (0.5%), East Timmins (0.5%), Boulevard (1%), GJ (1%)
3
4. 0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
Jul - 15 Oct - 15 Jan - 16 Apr - 16 Jul - 16 Oct - 16 Jan - 17 Apr - 17 Jul - 17
AMI Share Price Since Inception in July 2015
AMI (C$/shr)
Gold Price US$/oz (indexed to AMI)
GDXJ - Jr. Gold Miner ETF (indexed to AMI)
Track-Record of Adding Value
Kemess:
Receipt of Environmental Assessment Certificate for
Kemess Underground (KUG)
Signed Impact Benefits Agreement for KUG
Announced positive PEA results on Kemess East
188% increase in Indicated resource for Kemess East
Submitted permit applications for KUG
Royalties:
2017E royalty revenue guidance since beginning of
year has increased by 31% to C$14.0 – C$14.7M
Increase in Production Guidance: Fosterville + 79%; YD
+ 18-24%; Eagle River + 12%-22%
Increase in P&P Reserves: Fosterville +110%; Hemlo
+73%; Eagle River +15%
Acquisition of Kiska Metals completed
Key Developments – 2017 Year to Date AuRico Relative Performance
4
+131%
+51%
+13%
5. Capital Structure (TSX – AMI)
Share Price (as of Sep 11, 2017) C$1.36
Shares Outstanding 162M
Market Capitalization C$220M
Cash (as of June 30, 2017) C$28M
Total Debt (as of June 30, 2017) Zero
Available credit facility US$15M
Management Team
Chris Richter President & CEO
John Fitzgerald Chief Operating Officer
David Flahr VP Finance
John Miniotis VP Corporate Development
Grant Ewing VP Exploration
Sean Masse Mining Manager
Mike Padula Construction Manager
Harold Bent Director, Environment
Wade Barnes Exploration Manager
Board of Directors
Richard Colterjohn (Chair) - Former CEO of Centenario Copper
John McCluskey - CEO of Alamos Gold
Scott Perry - CEO of Centerra Gold
Janice Stairs - Independent Director
Joseph Spiteri - Independent Mining Consultant
Anne Day - SVP IR, Richmont Mines
Anthony Garson - Extensive career in Finance
Chris Richter - CEO of AuRico Metals
Major Shareholders1
Alamos Gold 9%
Donald Smith & Company 8%
Van Eck Associates 6%
Tocqueville Asset Management 5%
AMI Management & Directors 4%
Market Overview
Analyst Coverage Target
Prices
Implied
Return
Eight Capital (Jacques Wortman) C$2.15 58%
Laurentian Bank (Ryan Hanley) C$2.00 47%
Macquarie (Michael Siperco) C$2.00 47%
National Bank (Shane Nagle) C$1.80 32%
Paradigm Capital (Don MacLean) C$1.70 25%
Red Cloud (Derek Macpherson) NA NA
5
6. $65
$81
$104
3
8
21
0
5
10
15
20
$0
$20
$40
$60
$80
$100
$120
Jul-15 16-Dec Current
#ofroyalties
US$M
NAV ($US M) (Left Scale) Number of royalties
0
2
4
6
8
10
12
2015A* 2016A 2017E
$USM
Fosterville Young Davidson Other
High Quality Royalty Portfolio – Summary
Producing Royalties NSR Rate Operator
Young-Davidson 1.50%
Fosterville 2.00%
Hemlo 0.25%
Eagle River 0.50%
Producing Royalties - High Quality & Long Life
Increase in Annual Royalty Revenues (US$ M) Increase in Analyst Net Asset Valuation
Value of royalty portfolio has increased significantly: Reserves and Production increasing at
existing royalties and have completed several accretive royalty acquisitions
* Royalty revenue from Young-Davidson commenced on July 2, 2015
+156% +60%
6
(C$139)
0 5 10 15 20 25
Eagle River
Hemlo
Fosterville
Young-
Davidson
Producing Royalty Mineral Inventory (years)1
P&P
M&I
Inferred
7. AMI – Portfolio of Assets
Wholly-owned projects with potential for royalties
Canada
Australia
Kemess (100%)
Young-Davidson (1.5% NSR)
Stawell (1% NSR)
Fosterville (2% NSR)
Non-Producing Royalty
Leviathan (1% NSR)
Forest Kerr (1.33% NSR on RDN)
Hemlo – David Bell (1.5% NSR)
Eagle River (0.5% NSR)
Producing Royalty
GJ (1% NSR) and
GJ Northern Block (0.5%)
East Timmins (0.5% NSR)
Boulevard (1% NSR )
Goodpaster (1% NSR )
Mt. Dunn (2% NSR)
Cumobabi (0.5% NSR)
Hilltop (100% & 2% NSR)
Madsen Area (1% NSR)
Copper Joe (100% & 1% NSR)
Chuchi (100%)
Grizzly (100%)
Kliyul (100%) - option to First Quantum
Williams (100% & 0.75% NSR )
Redton (100%)
USA
Mexico
Hemlo – Williams (0.25% NSR)
Ontario
Australia
Nevada & Mexico
British Columbia
Alaska & Yukon
Rainy River Area (0.75% NSR)
Red Lake Area (1% NSR)
Eskay Creek Area (0.5% NSR)
7
8. Kemess Overview
Kemess Underground (Feasibility – 2016)
Reserves of 3.5Moz AuE1 (1.9Moz Au and 0.6Blbs Cu)
NPV (5%, after tax) of C$421M and IRR of 15.4%2
LOM of 12 years at 207Koz AuE/yr at AISC of $718/oz
Environmental Approvals received
Permitting and review of financing alternatives ongoing
Unique development opportunity
Kemess South (Past Producer: 1998 – 2011)
~C$1B of infrastructure in place (including processing
facility, grid power, road, maintenance shop, etc.)
Past production of 3Moz Au and 750Mlbs Cu
Brownfields opportunity significantly reduces risk
Kemess East (PEA – May 2017)
M&I rscs. of 4.1Moz AuE1 (1.7Moz Au and 1Blbs Cu)
NPV (5%, after tax) of C$375M and IRR of 16.7%2
LOM of 12 years at 222Koz AuE/yr at AISC of $744/oz
Additional ~12,000m of drilling planned for 2017
Exciting upside potential
8
9. Kemess – Key Study Outputs
Kemess South
(Actual)
Kemess UG1
(Feasibility Study)
Kemess East2
(PEA – PR )
Tonnes, Au Grade, Cu Grade3 219Mt / 0.63gpt / 0.21%
(1.08 gpt AuE; 0.47% CuE)
107Mt / 0.54gpt / 0.27%
(1.12 gpt AuE; 0.54% CuE)
103Mt / 0.42gpt / 0.34%
(1.16 gpt AuE; 0.56% CuE)
Throughput 50,000 25,000 30,000
LOM Free Cash Flow (C$ M)4 $750 $987 $797
NPV (5%, After-tax) NA C$421M C$375M
After-Tax IRR NA 15.4% 16.7%
Initial Capex ~C$470M C$600M (US$450M) C$327 (US$245M)
Mine Life (years) 13 12 12
Avg. Annual Gold Production (Koz) 241 106 80
Avg. Annual Copper Production (Mlbs) 64 47 57
Avg. Annual AuE Production (Koz) 431 207 222
Avg. Annual CuE Production (Mlbs) 151 104 92
Cash Costs Gold (by-product) ($/oz) $169/oz $94/oz ($415)/oz
AISC – Co-product basis (Au; Cu) NA $718/oz; $1.44/lb $744/oz; $1.79/lb
AISC – By-product basis (Au) NA $244/oz ($69)/oz
KUG & KE have not been integrated – Optimization opportunity to be evaluated through integrated study
9
1 Kemess UG production equivalency and cost figures based on $1,250/oz Au and $2.50/lb Cu. NPV and IRR figures based on $1,250/oz Au and $3.00/lb Cu.
2 All Kemess East figures based on $1,250/oz Au and $3.00/lb Cu.
3 Gold Equivalent calculated on basis of $1,250/oz Au and $3.00/lb Cu. KE figures reflect M&I Resources, and Kemess South and KUG reflect P&P Reserves
4 Average realized prices for Kemess South during 1998-2011 were $549/oz Au and $1.79/lb Cu
10. Significant Production Scale
10
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y13 Y14 Y15 Y16 Y17
Kemess East - Project Schedule Year
Kemess East AuE Production (oz)
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
-2 -1 1 2 3 4 5 6 7 8 9 10 11 12 13
Kemess UG - Project Schedule Year
Kemess UG AuE Production (oz)
Kemess UG (2016 – Feasibility) : LOM of 12 years at 207Koz AuE/yr at AISC of $718/oz
Kemess East (2017 – PEA): LOM of 12 years at 222Koz AuE/yr at AISC of $744/oz
11. Select Caving Comparables
2016E Cash Cost (Co-Product) Positioning
KUG in top
quartile(2)
Northparkes
Cadia EastNew Afton
“While all mining projects have
residual technical uncertainties, the
KUG Project is considered to be
relatively low risk for a caving
project in terms of key mining-
related risks including production
ramp-up, drawpoint stability,
subsidence and mudrush.”
- SRK Consulting
Operation
Tonnes
(Mt)
Au (g/t) Cu (%)
Kemess UG 107 0.54 0.27
Kemess East* 113 0.46 0.38
New Afton 60 0.60 0.78
Northparkes 102 0.26 0.60
Cadia East 1,500 0.48 0.28
Proven & Probable Reserve Comparison1
11
*Note: M&I resources shown for Kemess East
Source: Cost curve from Wood Mackenzie
13. 0
40
80
120
160
200
Year -4 Year -3 Year -2 Year -1 Year 1
KUG Capital Costs (C$M)
0
100
200
300
400
Offtake-linked
project financing
Equipment
Financing
Sale of Royalty
Portfolio
Potential Kemess
Royalty or Stream
Sale of JV Interest
and associated
reduction
in capex
Illustrative Financing Alternatives (C$ M)
KUG Capex Profile and Funding
Ongoing “stage gating” efforts to identify opportunities
to defer non-critical path capital
Pre-commercial
capex1 per FS at
commencement of
construction totals
C$587M (US$440M)
Financing Advantages:
100% interest
Unencumbered (no
royalty on Kemess)
Clean concentrate
Valuable royalty
portfolio
1 Includes capitalized operating costs of C$222M and pre-commercial revenue of C$83M
Total: $640M+
13
?
14. Offtake Linked Debt Financing
• KUG & KE to produce clean copper concentrate with no penalty elements & high gold/silver
by-product credits
• Engaged Cutfield Freeman to assess off-take linked financing alternatives
• Project supports significant debt capacity (up to 50%-60% of total required capital)
• Targeting Agency-backed project debt in exchange for offtake commitment - some recent
examples include:
• Copper Mountain (JBIC), Gibraltar (JBIC), Caserones (JBIC, NEXI, JOGMEC) and Sierra Gorda (JBIC)
• Objective is to have terms in place by mid-2018
14
Project Commodity Agency Partner(s) Capital Cost1 Debt Arranged
(Agency / Total)
Direct Investment
(Interest / Acquisition Cost)
Caserones Copper
JBIC, NEXI,
JOGMEC
Pan Pacific Copper,
Mitsui US$2,000m
Undisclosed /
US$1,400m
N/A (Wholly-owned)
Sierra Gorda Copper JBIC
KGHM, Sumitomo
Corp., Sumitomo
Metal Mining
US$2,877m
US$700m /
US$1,000m
45% / US$724m
Copper
Mountain
Copper JBIC
Copper Mountain
Mining, Mitsubishi
Materials
C$437m
US$160m /
US$320m
25% / C$28.75m
Gibraltar Copper - Taseko Mines, Sojitz N/A N/A 12.5% / C$187m
Source: Cutfield Freeman & Co Ltd
1. Capital cost at announcement of project financing
Select Offtake-Linked Transactions
15. Kemess Timeline – And Cu Outlook
Source: Rio Tinto
Large ~5Mt deficit
expected by 2027
Expected First Production at Kemess
Schedule as per Feasibility Study (March 2016)
Federal and Provincial EA Approvals
KUG Impact Benefit Agreement Signed
Normal Course Permitting
Detailed Engineering
Project Financing
Access Corridor Development
Decline Development
Develop Panel Cave
First Production
20222016 2017 2018 2019 2020 2021
15
16. $1.03
$2.60
$2.31
($0.24)
$5.70
-
1.00
2.00
3.00
4.00
5.00
6.00
7.00
Royalties + Cash Kemess UG
(per FS)
Kemess East
(per PEA)
Corporate Outflow Total
AMI Net Asset Value per Share
Significant Valuation Opportunity driven by:
1. Progressive recognition of Kemess’ value as project is advanced
2. Kemess East drilling and resource update
3. Integrated Feasibility Study for KUG and KE
4. Implementation of funding strategy
5. Continued appreciation of royalty portfolio
(C$/sh)
Royalty value
at royalty co.
P/NAV of 1.5x
Share Price
16
1 KUG FS and KE PEA figures reflect an after-tax NAV5% using prices of $1,250/oz Au and $3.00/lb Cu and a C$/US$ FX rate of 0.75
1 1
17. Compelling Valuation
Total Enterprise Value / Total Gold Resources
P/NAV (Consensus)
Source: CIBC Global Comps (September 11, 2017) – NAV is per ‘analyst consensus’ and resources include all categories (gold only)
*Royalty value removed from numerator and denominator; ** Value of royalties treated as cash for EV calculation 17
0.8 0.8 0.8 0.7
0.6 0.6 0.5 0.5 0.5 0.4 0.4 0.4
0.6
0.4
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
120 118
66 59 58
42 37
29 23
7 7
27
90
20
40
60
80
100
120
140
18. Advanced-stage (EA Approved, IBA in hand,
FS complete)
Brownfields; lower risk capex
Sizeable resource: +12Moz AuE ounces (all
resource categories)
Long life (12 years at KUG plus further 12
years at KE)
Solid KUG economics with significant
upside (especially from KE)
Top jurisdiction
Clean concentrate
Unencumbered asset
AuRico Summary
Why Kemess? Why AuRico?
Strong Team
Business supported by valuable Royalty
Portfolio
Compelling Valuation
Positive Au/Cu Outlook
Several Upcoming Catalysts Including:
Kemess East Drilling / Resource Update
KUG & KE Integrated Scenario
Royalty Updates & Funding Strategy
18
20. Fosterville (2% NSR)
Operator: Kirkland Lake Gold
P&P Reserves of 1.2Moz, M&I of 1.9Moz, Inferred of 1.0Moz
P&P Reserves increased by 110% on June 30th 2017
2017 Production guidance of 250-260Koz (up 65%-71% vs 2016)
4th consecutive year of record production achieved in 2016
Record quarter in Q2’17 with 77Koz produced
Recent record high grade intercept of 1,429g/t Au over 15m
Significant ongoing exploration
Eagle River (0.5% NSR)
Operator: Wesdome
P&P Reserves: 0.3Moz (+15% from prior yr), Inferred 0.2Moz
2017 Production guidance of 45-49Koz (up 12% – 22% from
2016)
Significant upside from continued exploration of identified
ore zones (incl. 300 zone)
Continuous production since 1995 (>1Moz)
Producing Royalties
Young-Davidson (1.5% NSR)
Operator: Alamos Gold
P&P Reserves of 3.8Moz, M&I of 1.5Moz, Inferred of 0.3Moz
2017 Production guidance of 200-210Koz (up 18% – 24%
from 2016)
UG ramp-up ongoing
17 year life implied just by reserves (at current production
levels); Among longest mine lives in Canada
Open at depth
Hemlo – Williams (0.25% NSR)
Operator: Barrick Gold
P&P Reserves of 1.6Moz (+73% from prior yr), M&I of 1.7Moz,
Inferred of 0.5Moz
2017 Production guidance of 205-220Koz (2016 production
was 235Koz)
73% increase in reserves announced Feb. 2017
Has been producing for 30+ consecutive years
20
21. Large and Growing Royalty Portfolio
Wholly-owned assets with potential to create royalties include:
Kliyul (exploration JV with First Quantum), Chuchi, Copper Joe, Williams, Grizzly, Redton, and Hilltop
Asset Date Acquired Primary Metals Location NSR Rate Operator Notes
Boulevard Mar-17 Gold Yukon 1.00% Adjacent to Goldcorp’s Coffee project
Cumobabi Mar-17 Copper Mexico 0.50% Under option to First Majestic Silver
East Timmins Mar-17 Gold Ontario 0.50%
19 near-mine targets & 81 regional targets
(claim progressing in court)
Eskay Creek Area Dec-16
Gold/Silver British Columbia 0.50%
Area surrounding past producing Eskay Creek
mine and near to Brucejack and KSM
GJ/ GJ Northern
Block
Dec-16 Gold/Copper British Columbia 0.98% / 0.49%
PEA released April 2017; M&I rsc. of 2.14Moz
and 1.2Blbs Cu
Goodpaster Mar-17 Gold Alaska 1.00% Eligible for advanced royalty payments
Hemlo – David Bell Sep-15 Gold Ontario 1.50%
Historic operation – adjacent to Williams (on
strike)
Leviathan Since inception Gold Australia 1.00% Exploration stage
Madsen Area Dec-16 Gold Ontario 1.00% Exploration stage
Mt. Dunn Mar-17 Copper/Gold British Columbia 2.00% Located in BC’s Golden Triangle
Rainy River Area Feb-17 Gold Ontario 0.75% Private Exploration stage
RDN Mar-17 Gold British Columbia 1.33% Located in BC’s Golden Triangle
Red Lake Area Mar-17 Gold Ontario 1.00% Exploration stage
Stawell Since inception Gold Australia 1.00%
Care & Maintenance / “operationally ready”;
P&P of 132koz and M&I of 114koz
21
22. Kemess Underground Project – Key Technical Team
John Fitzgerald Chief Operating
Officer
• Over 27 years experience
• Director of Mining at Northgate Minerals and part of Young Davidson development team
• Significant block/panel caving experience gained in various roles at Rio Tinto and De
Beers
• Former management roles at Barrick Gold, Scotia Capital and successful independent
consultant
Sean Masse Mining Project
Manager
• Over 16 years experience
• Senior member of team that successfully brought New Gold's New Afton panel cave mine
into production
• Former superintendent and mine manager at New Afton
• Most recently working to build Cementation Canada's business in Western Canada
Mike Padula Surface
Construction Project
Manager
• Over 29 years experience
• Project Manager for Victoria Gold’s Eagle Gold Project in central Yukon
• Manager of mining wastes and water for MMG Limited's Izok Corridor Project in Nunavut
• Part of senior management group for both AMEC Americas and De Beers Canada which
advanced Snap Lake Diamond Project to construction
Harold Bent Director
Environment
• Over 25 years experience
• Working at Kemess since 1999 with progressive responsibilities
• Responsible for all environmental, regulatory compliance and exploration activities
Wade Barnes Project Geologist • Over 13 years experience
• Working at Kemess since 2010
• Recipient of H.H. “Spud” Huestis Award in 2016
Claudette
Gouger
First Nations Liaison • Over 22 years experience
• Community Manager at New Gold’s Blackwater Project
• Extensive experience building and maintaining collaborative partnerships with local,
national, international and indigenous stakeholders
Experienced Project Management Team
22
23. Kemess Underground
One of Few Advanced Stage Cu-Au Development Projects
Kemess - A Stand Out Development Opportunity
23
Scarcity of near-term copper & gold development projects
Kemess Underground key benefits include:
advanced-stage
excellent jurisdiction
clean copper concentrate with high gold credits
EA approvals received
brownfield development site with infrastructure in place
relatively modest capex requirements
Notes:
- All capital cost estimates from company public filings
- Market Cap data as of Sept. 7, 2017
Company Project Jurisdiction Gold %
Environmental
Approval
Brownfield / Greenfield Stage
Initial Capex
(US$mm)
Capex /
Mrkt Cap
Seabridge KSM British Columbia 66% Greenfield PFS $5,489 7.9x
NGEx Constellation Chile 21% Greenfield PEA $3,080 16.2x
Western Copper & Gold Casino Yukon 33% Greenfield FS $2,456 18.7x
Mason Resources Ann Mason Nevada 5% Greenfield PEA $1,351 88.9x
Nevada Copper Pumpkin Hollow Nevada 5% Greenfield FS $1,041 20.0x
Trilogy Metals Arctic Alaska 6% Greenfield PEA $718 7.0x
Polymet
1
NorthMet Minnesota 35% Brownfield FS $313 1.7x
AuRico Metals Kemess UG British Columbia 53% Brownfield FS $452 2.5x
1
Polymet capital cost from Tech Report dated October 2012
Copper / Gold Projects
25. Kemess East (KE) – PEA Summary
PEA for KE project completed by Golders in May 2017 and NI 43-101 report released in July
Presents stand-alone scenario that does not factor in or modify economics of the Feasibility stage
KUG Project
UG panel cave offset by 0.9km from KUG and 770m deeper
Total life-of-mine production of 963koz gold, 687Mlbs copper and 3.8Moz silver
After-tax NPV5% of C$375M, and IRR of 16.7%
Key upsides include:
Sequencing – consider overlapping production between KUG and KE (using current plant capacity of 50 ktpd)
Integration – potential economies of scale with KUG project on ore processing, G&A and site services
Mineral Resources – Improving quality and quantity of KE mineral resource
Next steps include:
2017 Kemess drilling (Q3) to lead to an updated KE mineral resource estimate (early 2018)
Complete a feasibility-level study on integrated development scenario for KUG and KE
25
26. Operating Cost Benchmarking - KUG
(C$/Tonne)
New Afton Costs
(Actuals per 2015 43-
101)(1)
New Afton
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
26
27. Endnotes
Slide 3 – Overview: 1) Gold equivalent calculated on basis of $1,250/oz Au and $3.00/lb Cu
2) June 30, 2017 cash balance of US$21.2M, converted using our annual FX rate assumption of 0.75
Slide 5 – Major Shareholders: 1) Per Bloomberg, Sedi, and company filings. AMI Management & Director ownership includes RSUs received in lieu of cash bonuses
Slide 6 – Producing Royalties: Reserve and resource figures and production guidance estimates based on most recent updates from asset owners
1) Reserves and resources per most recent resource updates from asset owners; Assumes annual production levels for YD, Fosterville, Hemlo, Eagle River of:
200Koz, 212Koz, 205Koz and 45Koz respectively and recoveries of 90%, 93%, 95% and 95% respectively
Slide 8 - 1) Gold equivalent calculated on basis of $1,250/oz Au and $3.00/lb Cu
2) Assumes $1,250/oz Au, $3.00/lb Cu, and C$/US$ of 0.75
Slide 11 - Select Caving Comparables
1) Proven and Probable Reserves for New Afton and Cadia East shown as of Dec 31, 2016; Kemess and Northparkes shown as of Dec. 31, 2015
2) KUG average total cash cost in commercial production
Slide 16 – 1) NAV per Share – Value of royalties based on analyst consensus using latest reports from Macquarie Capital Markets, National Bank Financial and
Laurentian Bank Securities; Kemess per FS (Mar. 23, 2016) at Consensus pricing ; Kemess East per PEA (May 29, 2017) at Base-case pricing; and Corporate Outflow per
analyst consensus
Slide 24 – Kemess East Resource Estimate as of January 13, 2017
NSR cut-off value of C$17.3/t was used to define indicated and inferred resources within a reasonable prospects for economic extraction solid
NSR calculation assumed US$3.20/lb copper, US$1,275/oz gold and US$21.0/oz silver prices; and C$/US$ exchange rate of 0.76.
NSR calculation assumed metallurgical recoveries of 91% copper, 72% gold and 65% silver; as well as a 22% copper grade for concentrate. Molybdenum was excluded
from the NSR calculation.
Details of the Sample Preparation and Quality Assurance and Quality Control are presented in AuRico Metals’ November 8, 2016 press release reporting on the results
of the Company’s 2016 drill program.
Resources were generated from 81 holes drilled at Kemess East in 2006, 2007, 2013, 2014, 2015 and 2016.
Exploration activities at the Kemess East deposit have been conducted under the supervision of Wade Barnes, PGeo, Kemess Project Geologist, for AuRico Metals. Mr.
Barnes is a “Qualified Person” as defined by NI 43-101.
Mineral Resources were prepared under the supervision of Marek Nowak, SRK Consulting (Canada) Inc. Mr. Nowak is a “Qualified Person” as defined by NI 43-101.