China Gold International Resources provided an overview of its operations and financial performance. It reported increased production and revenues for Q1 2020 compared to Q1 2019. It also highlighted its investment grade credit rating, strong investor backing from China National Gold Group, and ability to raise sizable low-cost financing. China Gold International Resources aims to further increase production and pursue acquisition opportunities in 2020.
China Gold International Resources provided an overview of its operations and financial performance in 2019. Key points included achieving record revenues of over $657 million while maintaining strong production levels and lowering costs. The company also highlighted its investment grade credit rating, strong cash flows, and ability to raise sizable low-cost financing. China Gold International Resources is forecasting further production increases in 2020 from its two major mines, CSH Gold and Jiama Polymetallic.
China Gold International Resources Corp. Ltd. presented information on its proven organic growth strategy and acquisition potential. The presentation discussed the company's strong track record of increased production and revenue over the past decade, solid investment grade credit rating, and focus on both organic growth and acquisitive growth. Details were provided on the company's key assets, including the Jiama copper-gold-polymetallic mine, as well as the company's future potential.
China Gold International Resources provided an overview of its proven strategy for long-term value creation through organic growth and acquisitions. It highlighted its solid strategic investor backing from majority shareholder China National Gold Group, investment grade credit rating, excellent track record of increased production and revenue growth, and strong operation cash flow generation. The company discussed its focus on increasing production and ore grades further, continuing exploration, and pursuing acquisition opportunities.
- The Jiama Mine is located in Tibet, China and contains large copper, molybdenum, gold, silver, lead and zinc resources. As of 2020, measured and indicated resources total over 1.45 billion tonnes grading over 0.4% copper, 0.03% molybdenum, 0.11 g/t gold and 5.79 g/t silver.
- The mine has a projected mine life of over 30 years and is expected to produce over 145 million pounds of copper and 212,000 ounces of gold in 2020.
- The company aims to increase ore grades and recovery rates while improving cost controls at the Jiama Mine to create better returns.
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, solid balance sheet, decreasing costs of production, and exploration success extending mine life at its flagship Fosterville Gold Mine. Key points include record production at Fosterville in Q2 2016, consolidated production guidance of 225,000-235,000 ounces for 2016, year-to-date all-in sustaining costs of $923/ounce, and a cash balance of $69.9 million as of June 30, 2016 providing a strong foundation for continued growth. Drilling is expanding resources and reserves at Fosterville with the goal of adding over 5 years of additional mine life through several new target areas.
Crocodile Gold is a mid-tier gold producer with three operating mines in Australia. It produced a record 222,312 ounces of gold in 2014 and aims to maintain annual production between 200,000 to 220,000 ounces through resource conversion and exploration. The presentation outlines Crocodile Gold's key objectives of sustainable gold production, growing cash flow, maintaining a strong balance sheet, and pursuing strategic growth opportunities in Australia. It provides details on mineral resources and reserves across the company's projects and summarizes production results from 2014.
Teranga reported strong operating and financial results for Q1 2018. Gold production increased 13% compared to Q1 2017. Total cash costs and all-in sustaining costs per ounce decreased year-over-year. Revenue increased 23% due to higher gold prices and sales. Net profit attributable to shareholders increased 60% compared to Q1 2017. Teranga is advancing construction at its Wahgnion project and exploration at Golden Hill. The company maintains a strong financial position to fund construction of Wahgnion and future project development.
Newmarket Gold reported its full year 2015 financial results on March 4, 2016. The company achieved record consolidated gold production of 222,671 ounces, exceeding guidance. Fosterville was the largest contributor with record production of 123,095 ounces. Operating cash costs were $704/ounce sold and all-in sustaining costs were $987/ounce sold, both down significantly from 2014. The company ended 2015 with $36.5 million in cash and will be essentially debt free after converting outstanding convertibles by March 31, 2016. Newmarket provided production and cost guidance for 2016 that is largely in line with 2015 results.
China Gold International Resources provided an overview of its operations and financial performance in 2019. Key points included achieving record revenues of over $657 million while maintaining strong production levels and lowering costs. The company also highlighted its investment grade credit rating, strong cash flows, and ability to raise sizable low-cost financing. China Gold International Resources is forecasting further production increases in 2020 from its two major mines, CSH Gold and Jiama Polymetallic.
China Gold International Resources Corp. Ltd. presented information on its proven organic growth strategy and acquisition potential. The presentation discussed the company's strong track record of increased production and revenue over the past decade, solid investment grade credit rating, and focus on both organic growth and acquisitive growth. Details were provided on the company's key assets, including the Jiama copper-gold-polymetallic mine, as well as the company's future potential.
China Gold International Resources provided an overview of its proven strategy for long-term value creation through organic growth and acquisitions. It highlighted its solid strategic investor backing from majority shareholder China National Gold Group, investment grade credit rating, excellent track record of increased production and revenue growth, and strong operation cash flow generation. The company discussed its focus on increasing production and ore grades further, continuing exploration, and pursuing acquisition opportunities.
- The Jiama Mine is located in Tibet, China and contains large copper, molybdenum, gold, silver, lead and zinc resources. As of 2020, measured and indicated resources total over 1.45 billion tonnes grading over 0.4% copper, 0.03% molybdenum, 0.11 g/t gold and 5.79 g/t silver.
- The mine has a projected mine life of over 30 years and is expected to produce over 145 million pounds of copper and 212,000 ounces of gold in 2020.
- The company aims to increase ore grades and recovery rates while improving cost controls at the Jiama Mine to create better returns.
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, solid balance sheet, decreasing costs of production, and exploration success extending mine life at its flagship Fosterville Gold Mine. Key points include record production at Fosterville in Q2 2016, consolidated production guidance of 225,000-235,000 ounces for 2016, year-to-date all-in sustaining costs of $923/ounce, and a cash balance of $69.9 million as of June 30, 2016 providing a strong foundation for continued growth. Drilling is expanding resources and reserves at Fosterville with the goal of adding over 5 years of additional mine life through several new target areas.
Crocodile Gold is a mid-tier gold producer with three operating mines in Australia. It produced a record 222,312 ounces of gold in 2014 and aims to maintain annual production between 200,000 to 220,000 ounces through resource conversion and exploration. The presentation outlines Crocodile Gold's key objectives of sustainable gold production, growing cash flow, maintaining a strong balance sheet, and pursuing strategic growth opportunities in Australia. It provides details on mineral resources and reserves across the company's projects and summarizes production results from 2014.
Teranga reported strong operating and financial results for Q1 2018. Gold production increased 13% compared to Q1 2017. Total cash costs and all-in sustaining costs per ounce decreased year-over-year. Revenue increased 23% due to higher gold prices and sales. Net profit attributable to shareholders increased 60% compared to Q1 2017. Teranga is advancing construction at its Wahgnion project and exploration at Golden Hill. The company maintains a strong financial position to fund construction of Wahgnion and future project development.
Newmarket Gold reported its full year 2015 financial results on March 4, 2016. The company achieved record consolidated gold production of 222,671 ounces, exceeding guidance. Fosterville was the largest contributor with record production of 123,095 ounces. Operating cash costs were $704/ounce sold and all-in sustaining costs were $987/ounce sold, both down significantly from 2014. The company ended 2015 with $36.5 million in cash and will be essentially debt free after converting outstanding convertibles by March 31, 2016. Newmarket provided production and cost guidance for 2016 that is largely in line with 2015 results.
The document summarizes a presentation given at the Denver Gold Forum from September 25-27, 2017. It discusses Teranga Gold Corporation's Sabodala gold mine in Senegal and its planned Banfora gold project in Burkina Faso. Teranga aims to become a mid-tier West African gold producer, with consolidated average annual production of 300,000-350,000 ounces once Banfora begins production in 2019. The presentation outlines Teranga's growth strategy and provides project details and financial projections for Banfora.
The document summarizes Newmarket Gold's operations and investment opportunities. Key points include:
- Newmarket Gold has three producing gold mines in Australia with solid production of over 200,000 ounces annually and declining costs.
- Their flagship Fosterville mine has shown record production, grades, and recoveries in Q3 2015 and has potential for further resource expansion.
- The Cosmo mine also achieved strong results in Q3 and has identified a new discovery that could open a new mining front.
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, exploration projects, financial position, and team. Key points include:
- Newmarket operates three producing gold mines in Australia that are on track to produce 225,000-235,000 ounces of gold in 2016 at costs of $650-725/oz.
- The flagship Fosterville mine in Victoria achieved a record quarter with production of 37,245 ounces at a record grade of 7.5 g/t and costs of $440/oz.
- Newmarket has a strong balance sheet with $69.9 million in cash and $2.8 million in debt as of June 30, 2016.
- The company
Nmi and-klg-investor-presentation-business-combination-oct-12-2016Newmarket Gold Inc.
The document discusses a proposed business combination between Kirkland Lake Gold Inc. and Newmarket Gold Inc. that would create a new mid-tier gold producer. Some key points made in the document include:
- The combined company in 2016 is estimated to produce over 500,000 ounces of gold at cash costs below $650/oz and all-in sustaining costs below $1,015/oz.
- The Macassa, Fosterville, and Taylor mines which make up over 330,000 ounces of annual production have cash costs below $600/oz and AISC below $800/oz.
- The combined company will have over $275 million in cash and is expected to generate over $200
This document summarizes Newmarket Gold's key highlights and opportunities for investors. Some of the key points include:
- Newmarket Gold has three producing gold mines in Australia with over 220,000 ounces of annual gold production.
- The flagship Fosterville Gold Mine in Australia had record production and grades in 2015, and an ongoing discovery called Eagle Fault Zone continues to show potential.
- Newmarket Gold has a strong financial position with $36.5 million in cash and low debt. Production is expected to be 205,000 to 220,000 ounces in 2016.
- The company represents an attractive investment opportunity given its experienced management team, solid production, ongoing discoveries, and significant valuation upside compared to peers
This document provides an overview and summary of SEMAFO's assets, growth strategy, and projects. SEMAFO has high-grade gold deposits in West Africa, a track record of success, and is pursuing growth through projects like Boungou mine construction and regional exploration. Boungou is on track to begin production in Q3 2018 and aims to be one of SEMAFO's highest producing mines. SEMAFO's priority is replacing reserves through exploration while maintaining a strong social responsibility program.
The document summarizes Newmarket Gold as having an exceptional team, solid production, and significant valuation upside. It highlights the company's experienced capital markets and operational team, three operating gold mines in Australia producing over 200,000 ounces annually, and organic production growth opportunities through new mine site discoveries. The document provides details on the company's capital structure, flagship Fosterville gold mine which set production records in 2015, and competitive cost profile. It concludes that Newmarket presents an opportunity for significant valuation re-rating compared to peers.
The document summarizes Teranga Gold Corporation's plans to develop the Banfora Gold Project in Burkina Faso, West Africa into its next mid-tier gold mine. Key details include:
- Banfora is expected to produce an average of 131,000 ounces of gold annually over its initial 9-year mine life at all-in sustaining costs below $850/ounce.
- Pre-production capital costs are estimated at $232 million to construct the mine's processing plant and infrastructure.
- Financial modeling indicates the project will generate $176 million in net cash flow over its life and $409 million in free cash flow from operations.
This document summarizes Newmarket Gold Inc. It highlights the company's experienced management team, three operating gold mines in Australia producing over 200,000 ounces annually, and significant valuation upside. Newmarket has a strong cash position of US$36.5 million and generated record operating cash flow of US$76.5 million in 2015. The company is focused on organic production growth through mine site discoveries and has identified opportunities for further resource expansion at its existing operations.
The document provides an overview of Northern Star Resources' third quarter 2015 financial results. Some key points:
- Northern Star achieved record production in the first nine months of 2015 of 169,491 ounces, up 3.7% year-over-year.
- Fosterville mine set records for production, mill grade, and recovery in Q3 2015.
- Guidance for full-year 2015 production is reaffirmed at approximately 220,000 ounces, while cost outlook is lowered.
- Exploration programs have led to discoveries that could provide organic growth near existing minesites.
Kirkland Lake Gold and Newmarket Gold announced a business combination to create a new mid-tier gold producer. In Q3 2016, Newmarket achieved record quarterly gold production of 55,794 ounces and generated $25.4 million in operating cash flow. Fosterville had a strong quarterly performance with production of 36,967 ounces at an operating cash cost of $471 per ounce and all-in sustaining costs of $765 per ounce. For the first nine months of 2016, Newmarket achieved record gold production of 175,041 ounces and record mine operating income of $67.7 million.
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, solid balance sheet, decreasing costs and increasing production. Key points include record production at its Fosterville Gold Mine in Q2 2016, consolidated production guidance of 225,000-235,000 ounces for 2016, year-to-date consolidated operating cash costs of $686/oz and all-in sustaining costs of $923/oz, and $69.9 million in cash as of June 30, 2016. The company also discusses its growth pipeline and decreasing cost profile at Fosterville.
Golden Star Resources is a gold mining company operating mines in Ghana. In Q1 2014, production was 65,812 ounces in line with expectations. Costs are decreasing with lower mining contractor expenses. The company is focused on growing production from lower cost, non-refractory ore sources. This includes pursuing underground mining at the Wassa mine, which could increase production and grades while lowering costs per ounce. Drilling continues to show resource growth potential at Wassa.
China Gold International Resources provides a presentation on its sustainable growth strategy. It highlights its solid strategic investor backing from China National Gold Group, its investment grade credit rating, ability to raise sizable low-cost financing, and track record of increasing production. It summarizes its key assets including the Jiama and CSH mines and provides production statistics and reserve estimates. It outlines its goals of pursuing accretive acquisitions and expanding existing mines through continued exploration.
Kirkland Lake Gold is a gold producer with operations in Canada and Australia. In 2017, it expects to produce 500,000-525,000 ounces of gold from five producing mines. Its cornerstone assets, the Macassa, Fosterville, and Taylor mines, are expected to produce 390,000 ounces in 2017. Kirkland Lake Gold believes it offers significant value as its enterprise value per ounce of 2017E production and price to 2017E cash flow are below peer averages, representing upside potential. It also has a strong balance sheet and targets low-cost production below $950-1,000 per ounce.
This document discusses a potential business combination between Kirkland Lake Gold and Newmarket Gold that could create significant value. The combined company would be a mid-tier gold producer with estimated 2016 production of over 500,000 ounces of gold at cash costs below $650/ounce. The core Macassa, Fosterville, and Taylor mines represent over 330,000 ounces of low-cost production. The combined company would have a strong financial position with over C$320 million in cash and low net debt. The business combination could generate synergies and provide a re-rating opportunity for shareholders given the company's diversified, high-quality asset base in Canada and Australia.
27 klg-corp presentation-nbf canadian miners conf-london-09nov16kirklandlakegoldinc
The document provides production and financial results for Kirkland Lake Gold and Newmarket Gold for Q3 2016 and year-to-date. Key highlights include Kirkland Lake achieving record quarterly gold production of 77,274 ounces at an operating cost of US$540/oz and Newmarket producing 55,794 ounces. Combined pro-forma free cash flow for the companies was $88 million for Q3 2016 with $320 million in combined cash.
China Gold International Resources provided a presentation on its sustainable growth and reasons for investing. It highlighted its solid strategic investor backing from state-owned China National Gold Group, 11 years of increased production, and investment grade credit rating allowing low cost financing. It summarized its assets including the large Jiama polymetallic mine and CSH gold mine, and recent operational performance and financial results.
This document summarizes Newmarket Gold's business and investment opportunity. Key points include:
- Newmarket Gold has three gold mines in Australia with over 220,000 ounces of annual production and strong cash position of $36.5 million.
- The company achieved record production and low costs in 2015 and is guided for 205,000-220,000 ounces in 2016 at low costs.
- Significant exploration upside exists at Newmarket's properties through new discoveries and resource expansion potential.
- Newmarket trades at a significant discount to peers on key valuation metrics like EV/production and is positioned for a re-rating with continued execution.
The document summarizes Newmarket Gold's operations and investment opportunity. Key points include:
- Newmarket achieved record production of 222,671 ounces in 2015 at industry leading costs of $704/oz and AISC of $987/oz.
- The company has three gold mines in Australia producing over 220,000 ounces annually and a strong cash position of $36.5 million.
- Newmarket's flagship Fosterville mine in Victoria achieved record production of 123,095 ounces in 2015 at a record grade of 6.11 g/t and is expected to produce 110,000-120,000 ounces in 2016.
- Significant exploration upside remains at Fosterville from the high grade Eagle Fault
China Gold International Resources Corp. Ltd. is a gold and base metals mining company with two major assets: the Jiama copper-gold-polymetallic mine in Tibet and the CSH gold mine in Inner Mongolia. The company has an excellent operational track record of increasing production over 11 years. It aims to continue growing through increasing production at its existing mines and pursuing accretive acquisitions. It has strong financial backing from major shareholder China National Gold Group and an investment grade credit rating, allowing it to raise sizable low-cost financing.
China Gold International Resources reported record breaking financial results in Q3 2020. Revenues increased 29% year-over-year to $240.5 million, net income soared to $47.6 million, and EBITDA reached $103 million. Production also rose, with gold output up 12% and copper production increasing 31% compared to the same period last year. The company has benefited from strong operational performance as well as financial and technical support from its major shareholder, China National Gold Group, one of China's largest gold producers. China Gold International maintains an investment grade credit rating of BBB- from S&P.
The document summarizes a presentation given at the Denver Gold Forum from September 25-27, 2017. It discusses Teranga Gold Corporation's Sabodala gold mine in Senegal and its planned Banfora gold project in Burkina Faso. Teranga aims to become a mid-tier West African gold producer, with consolidated average annual production of 300,000-350,000 ounces once Banfora begins production in 2019. The presentation outlines Teranga's growth strategy and provides project details and financial projections for Banfora.
The document summarizes Newmarket Gold's operations and investment opportunities. Key points include:
- Newmarket Gold has three producing gold mines in Australia with solid production of over 200,000 ounces annually and declining costs.
- Their flagship Fosterville mine has shown record production, grades, and recoveries in Q3 2015 and has potential for further resource expansion.
- The Cosmo mine also achieved strong results in Q3 and has identified a new discovery that could open a new mining front.
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, exploration projects, financial position, and team. Key points include:
- Newmarket operates three producing gold mines in Australia that are on track to produce 225,000-235,000 ounces of gold in 2016 at costs of $650-725/oz.
- The flagship Fosterville mine in Victoria achieved a record quarter with production of 37,245 ounces at a record grade of 7.5 g/t and costs of $440/oz.
- Newmarket has a strong balance sheet with $69.9 million in cash and $2.8 million in debt as of June 30, 2016.
- The company
Nmi and-klg-investor-presentation-business-combination-oct-12-2016Newmarket Gold Inc.
The document discusses a proposed business combination between Kirkland Lake Gold Inc. and Newmarket Gold Inc. that would create a new mid-tier gold producer. Some key points made in the document include:
- The combined company in 2016 is estimated to produce over 500,000 ounces of gold at cash costs below $650/oz and all-in sustaining costs below $1,015/oz.
- The Macassa, Fosterville, and Taylor mines which make up over 330,000 ounces of annual production have cash costs below $600/oz and AISC below $800/oz.
- The combined company will have over $275 million in cash and is expected to generate over $200
This document summarizes Newmarket Gold's key highlights and opportunities for investors. Some of the key points include:
- Newmarket Gold has three producing gold mines in Australia with over 220,000 ounces of annual gold production.
- The flagship Fosterville Gold Mine in Australia had record production and grades in 2015, and an ongoing discovery called Eagle Fault Zone continues to show potential.
- Newmarket Gold has a strong financial position with $36.5 million in cash and low debt. Production is expected to be 205,000 to 220,000 ounces in 2016.
- The company represents an attractive investment opportunity given its experienced management team, solid production, ongoing discoveries, and significant valuation upside compared to peers
This document provides an overview and summary of SEMAFO's assets, growth strategy, and projects. SEMAFO has high-grade gold deposits in West Africa, a track record of success, and is pursuing growth through projects like Boungou mine construction and regional exploration. Boungou is on track to begin production in Q3 2018 and aims to be one of SEMAFO's highest producing mines. SEMAFO's priority is replacing reserves through exploration while maintaining a strong social responsibility program.
The document summarizes Newmarket Gold as having an exceptional team, solid production, and significant valuation upside. It highlights the company's experienced capital markets and operational team, three operating gold mines in Australia producing over 200,000 ounces annually, and organic production growth opportunities through new mine site discoveries. The document provides details on the company's capital structure, flagship Fosterville gold mine which set production records in 2015, and competitive cost profile. It concludes that Newmarket presents an opportunity for significant valuation re-rating compared to peers.
The document summarizes Teranga Gold Corporation's plans to develop the Banfora Gold Project in Burkina Faso, West Africa into its next mid-tier gold mine. Key details include:
- Banfora is expected to produce an average of 131,000 ounces of gold annually over its initial 9-year mine life at all-in sustaining costs below $850/ounce.
- Pre-production capital costs are estimated at $232 million to construct the mine's processing plant and infrastructure.
- Financial modeling indicates the project will generate $176 million in net cash flow over its life and $409 million in free cash flow from operations.
This document summarizes Newmarket Gold Inc. It highlights the company's experienced management team, three operating gold mines in Australia producing over 200,000 ounces annually, and significant valuation upside. Newmarket has a strong cash position of US$36.5 million and generated record operating cash flow of US$76.5 million in 2015. The company is focused on organic production growth through mine site discoveries and has identified opportunities for further resource expansion at its existing operations.
The document provides an overview of Northern Star Resources' third quarter 2015 financial results. Some key points:
- Northern Star achieved record production in the first nine months of 2015 of 169,491 ounces, up 3.7% year-over-year.
- Fosterville mine set records for production, mill grade, and recovery in Q3 2015.
- Guidance for full-year 2015 production is reaffirmed at approximately 220,000 ounces, while cost outlook is lowered.
- Exploration programs have led to discoveries that could provide organic growth near existing minesites.
Kirkland Lake Gold and Newmarket Gold announced a business combination to create a new mid-tier gold producer. In Q3 2016, Newmarket achieved record quarterly gold production of 55,794 ounces and generated $25.4 million in operating cash flow. Fosterville had a strong quarterly performance with production of 36,967 ounces at an operating cash cost of $471 per ounce and all-in sustaining costs of $765 per ounce. For the first nine months of 2016, Newmarket achieved record gold production of 175,041 ounces and record mine operating income of $67.7 million.
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, solid balance sheet, decreasing costs and increasing production. Key points include record production at its Fosterville Gold Mine in Q2 2016, consolidated production guidance of 225,000-235,000 ounces for 2016, year-to-date consolidated operating cash costs of $686/oz and all-in sustaining costs of $923/oz, and $69.9 million in cash as of June 30, 2016. The company also discusses its growth pipeline and decreasing cost profile at Fosterville.
Golden Star Resources is a gold mining company operating mines in Ghana. In Q1 2014, production was 65,812 ounces in line with expectations. Costs are decreasing with lower mining contractor expenses. The company is focused on growing production from lower cost, non-refractory ore sources. This includes pursuing underground mining at the Wassa mine, which could increase production and grades while lowering costs per ounce. Drilling continues to show resource growth potential at Wassa.
China Gold International Resources provides a presentation on its sustainable growth strategy. It highlights its solid strategic investor backing from China National Gold Group, its investment grade credit rating, ability to raise sizable low-cost financing, and track record of increasing production. It summarizes its key assets including the Jiama and CSH mines and provides production statistics and reserve estimates. It outlines its goals of pursuing accretive acquisitions and expanding existing mines through continued exploration.
Kirkland Lake Gold is a gold producer with operations in Canada and Australia. In 2017, it expects to produce 500,000-525,000 ounces of gold from five producing mines. Its cornerstone assets, the Macassa, Fosterville, and Taylor mines, are expected to produce 390,000 ounces in 2017. Kirkland Lake Gold believes it offers significant value as its enterprise value per ounce of 2017E production and price to 2017E cash flow are below peer averages, representing upside potential. It also has a strong balance sheet and targets low-cost production below $950-1,000 per ounce.
This document discusses a potential business combination between Kirkland Lake Gold and Newmarket Gold that could create significant value. The combined company would be a mid-tier gold producer with estimated 2016 production of over 500,000 ounces of gold at cash costs below $650/ounce. The core Macassa, Fosterville, and Taylor mines represent over 330,000 ounces of low-cost production. The combined company would have a strong financial position with over C$320 million in cash and low net debt. The business combination could generate synergies and provide a re-rating opportunity for shareholders given the company's diversified, high-quality asset base in Canada and Australia.
27 klg-corp presentation-nbf canadian miners conf-london-09nov16kirklandlakegoldinc
The document provides production and financial results for Kirkland Lake Gold and Newmarket Gold for Q3 2016 and year-to-date. Key highlights include Kirkland Lake achieving record quarterly gold production of 77,274 ounces at an operating cost of US$540/oz and Newmarket producing 55,794 ounces. Combined pro-forma free cash flow for the companies was $88 million for Q3 2016 with $320 million in combined cash.
China Gold International Resources provided a presentation on its sustainable growth and reasons for investing. It highlighted its solid strategic investor backing from state-owned China National Gold Group, 11 years of increased production, and investment grade credit rating allowing low cost financing. It summarized its assets including the large Jiama polymetallic mine and CSH gold mine, and recent operational performance and financial results.
This document summarizes Newmarket Gold's business and investment opportunity. Key points include:
- Newmarket Gold has three gold mines in Australia with over 220,000 ounces of annual production and strong cash position of $36.5 million.
- The company achieved record production and low costs in 2015 and is guided for 205,000-220,000 ounces in 2016 at low costs.
- Significant exploration upside exists at Newmarket's properties through new discoveries and resource expansion potential.
- Newmarket trades at a significant discount to peers on key valuation metrics like EV/production and is positioned for a re-rating with continued execution.
The document summarizes Newmarket Gold's operations and investment opportunity. Key points include:
- Newmarket achieved record production of 222,671 ounces in 2015 at industry leading costs of $704/oz and AISC of $987/oz.
- The company has three gold mines in Australia producing over 220,000 ounces annually and a strong cash position of $36.5 million.
- Newmarket's flagship Fosterville mine in Victoria achieved record production of 123,095 ounces in 2015 at a record grade of 6.11 g/t and is expected to produce 110,000-120,000 ounces in 2016.
- Significant exploration upside remains at Fosterville from the high grade Eagle Fault
China Gold International Resources Corp. Ltd. is a gold and base metals mining company with two major assets: the Jiama copper-gold-polymetallic mine in Tibet and the CSH gold mine in Inner Mongolia. The company has an excellent operational track record of increasing production over 11 years. It aims to continue growing through increasing production at its existing mines and pursuing accretive acquisitions. It has strong financial backing from major shareholder China National Gold Group and an investment grade credit rating, allowing it to raise sizable low-cost financing.
China Gold International Resources reported record breaking financial results in Q3 2020. Revenues increased 29% year-over-year to $240.5 million, net income soared to $47.6 million, and EBITDA reached $103 million. Production also rose, with gold output up 12% and copper production increasing 31% compared to the same period last year. The company has benefited from strong operational performance as well as financial and technical support from its major shareholder, China National Gold Group, one of China's largest gold producers. China Gold International maintains an investment grade credit rating of BBB- from S&P.
China Gold International Resources provides a presentation on its proven organic growth and acquisition potential. It highlights its solid strategic investor backing from China National Gold Group, proven strategy for long-term value creation through production increases, and investment grade credit rating allowing it to raise sizable financing at low cost. It then summarizes its key assets - the Jiama and CSH mines - noting production increases, resource expansions, and drilling/expansion plans demonstrating further growth potential.
The document provides an overview and results for China Gold International Resources for the first half of 2022. Some key points:
- Revenues increased 3% to $596 million while net profits decreased slightly to $154 million.
- Gold and copper production levels were maintained from 2021 levels through flexible production planning.
- The company has over 9 million ounces of gold reserves and 6.9 million tons of copper reserves supporting long-term production.
- Costs increased due to processing lower grade ores, but earnings remained stable due to higher metal prices.
China Gold International Resources reported its 2022 Q3 results with the following highlights:
- Revenue increased 3% to $255 million compared to Q3 2021 despite falling metal prices.
- Net profit was $23.4 million, down 55% due to non-cash foreign exchange losses and lower metal prices.
- Copper and gold production was largely stable compared to the same period in 2021.
- The company maintained a healthy financial position with $400 million in cash and reduced debt.
- The company reported its 2018 Q3 results with increases in revenue, copper production and cash flow compared to Q3 2017. Revenue increased 61% to $158.8 million while copper production from the Jiama mine increased significantly to 36.4 million pounds.
- Net cash from operating activities was $53.56 million for the quarter. However, the company reported a net loss of $4.59 million mainly due to a foreign exchange loss of $11 million.
- Production highlights included a 156% increase in copper production from the Jiama mine and commercial production being achieved ahead of schedule at the Jiama mine's phase II expansion.
- The company reported strong financial and production results for Q2 2018, with revenues increasing 45% and copper production from Jiama Mine significantly increasing.
- Key highlights included the Jiama Mine's Series II expansion achieving commercial production ahead of schedule and net cash flow from operations increasing approximately 9 times compared to Q2 2017.
- The company reaffirmed its full-year production and cost guidance and expects copper and gold production in the second half of 2018 to exceed guidance.
China Gold International Resources provided an overview of its operations and financial results for Q3 2016. Key points include:
- Revenues for Q3 2016 increased 10% to $109.5 million compared to the same period in 2015. Net profit was $7.7 million compared to a $5.2 million loss in Q3 2015.
- The company operates the CSH Gold Mine in Inner Mongolia and the Jiama Copper-Polymetallic Mine in Tibet. An expansion at Jiama to increase processing capacity from 6,000 tpd to 50,000 tpd is underway.
- 2016 production guidance includes 235,000 ounces of gold from CSH and 38.6 million pounds of
- CGG reported record high annual results for 2021, with net income reaching US$269 million, up 136% from 2020. Revenue increased 32% to US$1.137 billion due to strong growth momentum.
- Production remained steady in 2021, with gold production of 244,312 ounces and copper production increasing 9.5% to 190.5 million lbs. Operational cash flow was robust at US$417 million.
- The Jiama copper-gold mine maintained stable production in 2021, processing 16.3 million tonnes of ore. Copper recovery rates improved to 85% while other metal recovery rates also increased.
Claude Resources Inc. Marketing Presentation Montreal, New York and TorontoClaude Resources Inc.
- The corporate presentation outlines Claude Resources' plans and financial results for the first half of 2015.
- Key highlights included record earnings of $15.4 million and growing production of 41,686 ounces of gold, a 39% increase over the first half of 2014.
- The presentation emphasizes Claude's focus on increasing higher grade production from the Santoy Gap and Seabee Mine areas, which has led to improved operating and financial performance.
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1. May 2020
TSX: CGG | HKEX: 2099
Sustainable Growth
Based on Potential and Opportunity
2. This presentation contains “forward looking statements” within the meaning of the United States private securities litigation reform act of 1995
and “forward looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and
information here include but are not limited to statements regarding China Gold International Resources anticipated future performance, including
precious metals and base metals production, reserves and resources, timing and expenditures to expand mine and plant capacities and develop
new mines, metal grades and recoveries, cash costs and capital expenditures. Forward looking statements or information involve known and
unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of China Gold
International Resources and its operations to be materially different from those expressed or implied by such statements. Such factors include,
among others: fluctuations in metal prices and currency markets; changes in legislation, policies, taxation, regulations; political or economic
developments; management, operating or technical risks, hazards or difficulties in exploration, development and mining activities; inadequate
insurance, or inability to obtain insurance; availability of and costs associated with mining inputs and labor; the speculative nature of mineral
exploration and development, diminishing quantities or grades of mineral reserves as properties are mined; the ability to successfully integrate
acquisitions; risks in obtaining necessary licenses and permits. Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward looking statements or information, there may be other factors that cause
results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward
looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in
such statements or information. Accordingly, readers should not place un due reliance on forward looking statements or information. the company
does not intend to, and does not assume any obligation to up date such forward looking statements or information, other than as required by
applicable law. We Seek Safe Harbor.
Forward Looking Statements
2
3. Why Invest in
China Gold
International
3
SOLID STRATEGIC INVESTOR BACKING
Strong financial support from substantial shareholder: China National Gold
Group
PROVEN STRATEGY FOR LONG-TERM VALUE CREATION
12th year of increased production
INVESTMENT GRADE CREDIT RATING, ABILITY TO RAISE
SIZABLE FINANCING AT LOW COST
BBB- long-term corporate credit rating by S&P
2014-2017: Issued US$500 million bond twice (finance rates as low as 3.25%)
FOCUS ON BOTH INTERNAL GROWTH AND EXTERNAL
OPPORTUNITY
HIGH STANDARD OF CSR AND HSE
1
2
3
4
5
4. Company Profile - Capital Structure and Key Information
4
OUTSTANDING SHARES 396.41 MM
LISTINGS (fungible) TSX: CGG
HKEX: 2099
MARKET CAP1
CDN$ 269.56MM
EBITDA
US$ 49.53MM
CASH2
US$ 163.69MM
OPERATIONS
CSH Gold Mine JIAMA Cu/Au Polymetallic
LOM [>] 6 years LOM [30] years
STOCK PERFORMANCE (Extremely undervalued, best timing to buy)
TSX: CGG (May/10/19-May/11/20)
1. Source: Factset, as of May 11, 2020
2. 2020 Q1 Cash and cash equivalents
3.34% Van Eck Associates Corp.
0.76% Dimensional Fund Advisors
0.38% Banca Credinvest
0.40% Blackrock
55.82% Other Shareholders
MAJOR SHAREHOLDERS1
39.3% China National Gold Group
5. Company Profile -
Performance Indicator
5
• Revenue increased to US$148.6
million, representing an increase of
2.1% compared to the same period
in 2019
• Net cash flow from operating
activities increased to US$16.02
million, representing an increase of
129% compared to the same period
in 2019
• Mine operating earnings increased
by 19% to US$18.2 million,
compared to the same period in 2019
• EBITDA was US$49.53 million
Q1 Ended
Mar 31, 2020
Q1 Ended
Mar 31, 2019
Year Ended
Dec 31, 2019
Revenues (MM USD$) $148.6 $145.6 $657.5
Mine operating earning
(MM US$)
$18.17 $15.27 $64.2
Net Profit (MM US$) ($8.7) ($4.6) ($32.2)
Net Operating Cash Flow
(MM US$)
$16.02 $6.98 $158.31
Cash Costs – CSH
(US$/oz)
$995 $909 $862
Cash Costs – Jiama
(after by-product credit)
(US$/lb)
$0.99 $1.56 $1.63
Gold produced by CSH
(oz)
35,297 28,626 146,805
Copper produced by
Jiama (MM lbs)
35.68 32.70 137.86
2020 Q1 Key Performance Indicators
6. 6
142 153 148
181
229
211
234
215 215
212
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E
Au Production
(K oz)
Budget (K oz)
22 26 28 31
38 40
79
121
138
145
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E
Cu Production
(MM lb)
Budget (MM lb)
COPPER PRODUCTION (MM lbs)
COMBINED GOLD PRODUCTION (K oz) 5.3%
Compound Annual
Growth Rate
25.8%
Compound Annual
Growth Rate
Company Strength -
Excellent Track Record on
Production
In 2020 Q1
• Total gold production
increased by 18% to
51,829 ounces
compared to 2019 Q1
• Total copper production
increased by 9% to 35.7
million pounds
(approximately 16,185
tonnes) compared to
2019 Q1
8. 8
Cumulative operation
cash flow of $874.97
million since 2011
• For the 2020 Q1, net operating cash flow increased to
US$16.02 Million, representing an increase of 129% compared
to the same period in 2019.
Company Strength -
Strong Operation Cash
Flow Generation
$115.60
$90.79
$93.79 $2.97
$66.87
$77.13
$98.55
$154.94
$158.31
$16.02
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1 Total
Cumulative net cash flow from operating activities
(MM US$)
$874.97Million
9. Company Strength –
Good timing to buy
Price/Book Value
9
Price to Cash Flow (Actual)
*Source: Factset, as of May, 2020
0.11
1.17 1.24
0.43
1.35
2.13
1.35
0.78
1.43
1.67
0.94
6.35
8.39
7.33 7.38
3.88
9.73
4.22
6.27
10. 10
About China National Gold Group (CNG)
Closed to 50 Producing
Mines And 6 Refineries
1940 Tonnes Gold
Resources
BBB Credit Rating by S&P
Unparalleled financing capacity
Ability to raise sizable financing at low cost / Strong ability to
resist risk / Investment grade credit rating
A global mining player
• Member of World Gold Council (Chair Member of China Chapter)
• Global mineral resources portfolio
• Major Shareholder in both international and domestic listings
TSX and HK Stock Exchanges: China Gold International (CGG) / 2099
Shanghai Stock Exchange: ZhongJin Gold (600489)
A strong national platform in China’s gold industry
China’s Largest Gold Producing Conglomerate
Chair Member of China Gold Association
Complete vertically integrated business chain
Exploration/Mining / Processing / EPC / Research with patents /
Jewelry design / Retail
40.4 Tonnes Gold
Production In 2018
Company Strength –
Strong Investor Backing
11. Company Strength –
Investment Grade Rating
11
China Gold International’s
Rating
China National Gold Group’s
Rating
BBB- BBB
• Company with a rating of BBB- or better are
considered “investment-grade.”
• Only 9 gold companies in the world have BBB- or
better ratings, in which 5 gold companies have BBB
rating.
12. 12
July 2017 - US$500 MM Bond Issue
• Second time CGG has successfully
managed a bond offering in the
international capital markets
• Financing costs were significantly lower
than the market average
• Unsecured bond
2015 - RMB 3.98 Billion
(~ US$627 MM Loan Facility)
• Low cost financing
• Secured by Jiama’s mining rights
• No repayment until May 2019
• Term: 14 years
US$500 million
Date July 6, 2017
Credit Rating BBB-
Price 99.663%
Coupon 3.25% per annum
Maturity July 6, 2020
Use of Proceeds Repaying existing indebtedness, working capital, general
corporate purposes
Coordinators China International Capital Corporation Hong Kong Securities
Limited, Citigroup Global Markets Limited, CCB International
Capital Limited, Industrial Bank Co., Ltd. Hong Kong Branch,
Standard Chartered Bank.
RMB 3.98 billion (~ $US627 million)
Date November 3, 2015
Rate of Interest 2.83% per annum (at time of issue)
People's Bank of China Lhasa Center Branch’s interest rate
LESS 0.07%
Repayment November 2029
Use of Proceeds Jiama Mine
Syndicated banks Bank of China, Agricultural Bank of China, China Construction
Bank, Bank of Tibet, China Development Bank.
Company Strength –
Ability to Raise Sizable Financing
at Low Cost
13. Operation –
2020 Corporate Operational Plan
Increase production
• Projected copper production over 145 million
pounds
• Projected gold production over 212,000 ounces
Increase ore grade and recovery rate while further
improves cost control
Aggressively looking for potential acquisition targets
Strive to create better returns
13
NOTE:
• Both Mines are located in the area that had not experienced large COVID-19
outbreak since January.
• Employees have returned to the mine sites following the schedule.
• Both mine sites are using handheld sensors to take the temperatures of staffs
in response to the COVID-19 outbreak; proper PPE is distributed to staffs.
• Mine sites experience little to no impact from novel coronavirus the company
will regularly monitors the health of its employees and its supply chains.
14. Operation – Overview of
Jiama Mine
14
Grade Contained Metal
Resources
Ore
(Mt)
Cu
(%)
Mo
(%)
Au
(g/t)
Ag
(g/t)
Pb
(%)
Zn
(%)
Cu
(kt)
Mo
(kt)
Au
(Moz)
Ag
(Moz)
Pb
(kt)
Zn
(kt)
Measured 95.02 0.39 0.04 0.08 5.41 0.04 0.02 370.6 34.3 0.25 16.63 41.8 22.4
Indicated 1359.5 0.40 0.03 0.11 5.79 0.05 0.03 5502.9 460.3 4.63 254.82 732.0 460.0
Total M&I 1454.5 0.40 0.03 0.10 5.76 0.05 0.03 5873.5 494.6 4.88 271.45 773.7 482.4
Inferred 406.1 0.30 0.00 0.10 5.10 0.10 0.00 1247.0 123.0 1.32 66.93 311.0 175.0
JIAMA RESOURCES
Grade Contained Metal
Reserves
Ore
(Mt)
Cu
(%)
Mo
(%)
Au
(g/t)
Ag
(g/t)
Pb
(%)
Zn
(%)
Cu
(kt)
Mo
(kt)
Au
(Moz)
Ag
(Moz)
Pb
(kt)
Zn
(kt)
Proved 20.0 0.60 0.05 0.20 8.60 0.05 0.03 120.9 9.4 0.13 5.53 9.9 6.7
Probable 385.7 0.60 0.03 0.17 10.99 0.14 0.08 2326.6 127.0 2.17 136.30 540.5 313.5
Total 405.7 0.60 0.03 0.18 10.87 0.14 0.08 2447.4 136.4 2.30 141.83 550.4 320.2
JIAMA RESERVES
Note: The Mineral Resources and Reserve data was modified as of December 31, 2019, under NI 43-101 rules
LOCATION
68 km NE of
Lhasa, Tibet
MINE OPERATION
Open pit and
underground
PROCESSING
CAPACITY
50,000tpd
COMMODITIES
Copper, Gold, Silver, Zinc,
Lead and Molybdenum
MINE LIFE
Over 30 years
Jiama Polymetallic Mine
One of China’s largest Polymetallic Mines
15. Operation – History of
Jiama Mine
15
During 2019, at the Jiama mine:
• The equipment operating rate was higher
• The processing flow was steady
• The amount of ore processed was higher
• The Copper and Gold recovery was higher
Delivers solid
performance
during years
CGG
purchased
Jiama Mine,
completed
the
construction
and
commenced
commercial
production
on Phase I
Pre-
feasibility
study for
Phase II
completed
Commercial
production on
Series I of
Phase II
Expansion
Commercial
production on
Series II of
Phase II
Expansion
Phase II
reached
designed
capacity2012
2010
2017
2018
2019 2020E
Continue to
increase the ore
supply from
underground
sites
2014
Feasibility study
for Phase II
completed
16. Operation –
Operational data in Jiama
16
2020 Q1 Jiama Mine Production Data
Average copper ore grade (Phase I processing plant) 0.95%
Average copper ore grade (Phase II processing plant) 0.54%
Copper recovery rate (Phase I processing plant) 90.4%
Copper recovery rate (Phase II processing plant) 77.1%
Ore processed 50,000 Tonnes/Day
Cash production cost (after by products credits) US$0.99/Pound
17. Operation –
Jiama Drilling Program
17
• At the end of the 2019 fourth quarter, surface
drilling of 27,309 +/-m with 24 drill holes
were completed.
• The mineralization interceptions and sample
assaying of 2020 infill drilling will be
analyzed together with 2019 exploration
results to increase and upgrade Mineral
Resources.
Drilling Program Progress
18. Operation –
Overview of CSH Mine
LOCATION
210km NW of Baotou,
Inner Mongolia
MINE OPERATION
Large-scale open pit,
heap leach
COMMODITIES
Gold dore with
silver by-product
CSH Gold Mine
one of China’s largest gold mines
18
Well-established infrastructure with excellent
access to roads and sufficient supplies of power,
water and local labor
CSH MINE RESOURCES
Resources
Tonnage
(Mt)
Grade
(g/t)
Gold Content
(Moz)
Measured 9.00 0.60 0.17
Indicated 115.70 0.62 2.31
Total M&I 124.70 0.62 2.49
Inferred 78.86 0.52 1.32
CSH MINE RESERVES
Reserves
Tonnage
(Mt)
Grade
(g/t)
Gold Content
(Moz)
Proven 7.40 0.63 0.15
Probable 58.65 0.66 1.25
Total 66.05 0.66 1.40
Note: Northeast and Southwest pits combined data was modified as of December 31, 2019, under NI 43-101 rules
19. Operation –
History of CSH Mine
19
Optimized stable
operation
China
National
Gold
became
largest
shareholder
Processing
capacity
increased
to
15,000tpd
completed
New additional
processing
system
commenced
commercial
production
Conducted
remediation
plan for the
open-pit
wall
Increasing
ore updated
mine plan
and life of
mine
production
schedule,
extended
mine life by 2
years from
underground
mine
2009
2008
2014
2018
2019
To identify
additional
resources that
may further
extend the
mine life
2011
Processing
capacity
increased to
30,000tpd
2020E
20. Production Operation –
CSH Operational Status
20
2020 Q1 CSH Mine Production Data
Average ore grade 0.61 gram/Tonnes
Ore mined and placed on pad 1,726,400 Tonnes
Overall accumulative project-to-date gold recovery rate 54.51%
Cash production cost US$995/Ounce
AISC US$1,038/Ounce
21. Production Operation –
CSH Future Development CSH updates production schedule
21
• At the beginning of 2020, an
exploration program for the south-
west pit depth was projected, with 6
surface diamond drill holes totaling
3,300+/-m to identify and upgrade
additional deep Mineral Resources,
which may extend the life of mine.
The exploration design was
complete in the first quarter, and the
drilling preparations are underway.
Item Unit 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Total
Ore t 13,086,505 9,964,463 13,163,700 13,172,500, 13,186,000 13,171,000 1,331,805 77,075,973
Grade g/t 0.40 0.69 0.63 0.66 0.62 0.66 0.65 0.65
Waste t 60,118,495 62,915,900 59,047,100 39,443,703 9,852,400 5,640,700 775,005 237,793,303
Total t 73,205,000 72,880,363 72,210,800 52,616,203 23,038,400 18,811,700 2,106,810 314,869,276
Strip Ratio t/t 4.59 6.31 4.49 2.99 0.75 0.43 0.58 3.09
Metal oz 268,211 220,766 264,789 281,581 263,845 279,489 28,031 1,606,713
Metal g 8,342,316 6,866,600 8,235,860 8,758,160 8,206,490 8,693,100 871,866 49,974,391
Gold Dore oz 127,050 131,912 153,643 148,102 156,211 164,945 63,701 17,205 6,444 2,939 541 972,691
Gold Dore g 3,951,687 4,102,910 4,778,821 4,606,486 4,858,710 5,130,368 1,981,313 535,139 200,416 91,412 16,825 30,254,087
22. 22
High Standard of Corporate Social
Responsibility (CSR) and Health,
Safety, and Environment (HSE)
Both mines are proud to be recognized as an
industry leader, great employer and corporate
citizen
• National High-tech Enterprise - CSH Gold
mine 2018
• National Green Mines & Golden Digital
mine - Jiama mine 2018
23. Accretive Acquisition
Strategy
23
• Established mining jurisdictions
• Stable political environment
• Mines at operating stage with ramp-up plan or near production
• High quality mine assets under development stage
• Gold and Copper focus
• Polymetallic mineral resources
• Flexible transaction structure: equity participation, holding or
Joint Venture
GEOGRAPHY
TRANSACTION
STRUCTURE
METAL
TARGET PROJECT
PHASE
CGG has always chosen its targets carefully and has the
support from its substantial shareholder:
1. Promise priority injection into CGG
2. Have the advantage of quick financing, rapid
construction, quickly reaches commercial production,
achieves designed capacity fast
24. Contact Information
China Gold International Resources Corp. Ltd.
TSX: CGG | HKEX: 2099
Contact Us:
info@chinagoldintl.com | chinagoldintl.com
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