The document summarizes a proposed business combination between Scorpio Mining and U.S. Silver & Gold that would create a leading junior silver producer in the Americas with annual production of approximately 5 million ounces of silver equivalent. The terms of the transaction include Scorpio Mining acquiring all outstanding shares of U.S. Silver & Gold via plan of arrangement, with U.S. Silver & Gold shareholders receiving 1.68 Scorpio Mining shares per share held. The combined company would be led by a proven management team and board of directors from both companies.
U.S. Silver & Gold Corporate Presentation - October 21, 2014ussilver
- U.S. Silver & Gold is focused on profitable silver production at its primary Galena Complex in Idaho despite low silver prices.
- It has reduced costs significantly through management changes and focuses on reducing costs and generating cash flow.
- The company aims to expand production profitably through optimizing its existing projects and acquiring complementary assets.
U.S. Silver & Gold Corporate Presentation - August 21, 2014ussilver
U.S. Silver & Gold is focused on profitable growth at its primary asset, the Galena Complex in Idaho, at low silver prices. The company has implemented cost cutting measures that have reduced cash costs by 55% and is transitioning production to lower cost silver-lead mining. U.S. Silver & Gold has a proven management team and dominant land position in the prolific Silver Valley mining district of Idaho, and is committed to increasing shareholder value through ongoing expansion and consolidation opportunities.
U.S. Silver & Gold Corporate Presentation - September 10, 2014ussilver
This document provides an overview and update on U.S. Silver & Gold Inc. It discusses the company's focus on profitable growth at current low silver prices through its primary Galena Complex asset in Idaho. The company aims to generate near-term cash flow while pursuing expansion opportunities. It also highlights the experienced management team and competitive cost structure at the Galena Complex as it transforms to lower-cost silver-lead production.
U.S. Silver & Gold Corporate Presentation - September 23, 2013ussilver
U.S. Silver & Gold operates the Galena Complex silver mine in Idaho. The document discusses plans to reduce costs and grow production at the mine through developing the high-grade Caladay Zone. It notes the Galena Complex has historically produced over 240 million ounces of silver and currently has proven and probable reserves of 23 million ounces of silver. The company aims to increase production to over 5 million ounces of silver by 2015 through brownfield expansions and pursuing accretive acquisitions.
U.S. Silver & Gold Corporate Presentation - October 2, 2013 ussilver
- U.S. Silver & Gold is a low-risk, low-capital, high-growth silver mining company focused on its Galena Complex in Idaho.
- The Galena Complex includes existing silver production and significant exploration potential from the Caladay Zone discovery.
- Management aims to grow production to over 5 million ounces of silver annually by 2015 through brownfield expansions like developing the Caladay Zone, while maintaining low costs and protecting the company's balance sheet.
2016 Annual General Meeting of ShareholdersNOVAGOLD
This document summarizes the 2016 Annual General Meeting of Shareholders for NovaGold Resources Inc. It provides an agenda for the meeting including remarks from the Vice President & CFO, President & CEO, and Chairman. It also contains cautionary statements regarding forward-looking information and scientific and technical data. The document discusses NovaGold's projects including Donlin Gold in Alaska and Galore Creek in British Columbia and highlights their scale, quality and location in top-rated mining jurisdictions. It outlines NovaGold's achievements in 2015 including permitting progress for Donlin Gold and mine planning for Galore Creek. Goals for 2016 include further advancing Donlin Gold permitting toward a construction decision.
Osisko reported its Q3 2017 results on November 9, 2017. Highlights included closing the acquisition of a precious metals portfolio from Orion for $1.1 billion, consisting of 74 royalties, streams, and offtakes. Osisko also declared a quarterly dividend of $0.05 per share and closed a $300 million convertible debenture offering. Subsequent to Q3, Osisko announced a US$65 million gold stream and private placement with Aquila Resources referenced to its Back Forty Project in Michigan.
The document summarizes a nickel exploration project in Greenland. It discusses the project's district scale land position covering 2,985 square kilometers within a belt known to host nickel-copper sulphide mineralization. Recent drilling has identified continuity on 9 priority mineralized zones across the property. The project benefits from proximity to port infrastructure and potential hydropower resources. Assay results are pending from the 2016 drilling program which aimed to delineate zones of interest identified through previous exploration.
U.S. Silver & Gold Corporate Presentation - October 21, 2014ussilver
- U.S. Silver & Gold is focused on profitable silver production at its primary Galena Complex in Idaho despite low silver prices.
- It has reduced costs significantly through management changes and focuses on reducing costs and generating cash flow.
- The company aims to expand production profitably through optimizing its existing projects and acquiring complementary assets.
U.S. Silver & Gold Corporate Presentation - August 21, 2014ussilver
U.S. Silver & Gold is focused on profitable growth at its primary asset, the Galena Complex in Idaho, at low silver prices. The company has implemented cost cutting measures that have reduced cash costs by 55% and is transitioning production to lower cost silver-lead mining. U.S. Silver & Gold has a proven management team and dominant land position in the prolific Silver Valley mining district of Idaho, and is committed to increasing shareholder value through ongoing expansion and consolidation opportunities.
U.S. Silver & Gold Corporate Presentation - September 10, 2014ussilver
This document provides an overview and update on U.S. Silver & Gold Inc. It discusses the company's focus on profitable growth at current low silver prices through its primary Galena Complex asset in Idaho. The company aims to generate near-term cash flow while pursuing expansion opportunities. It also highlights the experienced management team and competitive cost structure at the Galena Complex as it transforms to lower-cost silver-lead production.
U.S. Silver & Gold Corporate Presentation - September 23, 2013ussilver
U.S. Silver & Gold operates the Galena Complex silver mine in Idaho. The document discusses plans to reduce costs and grow production at the mine through developing the high-grade Caladay Zone. It notes the Galena Complex has historically produced over 240 million ounces of silver and currently has proven and probable reserves of 23 million ounces of silver. The company aims to increase production to over 5 million ounces of silver by 2015 through brownfield expansions and pursuing accretive acquisitions.
U.S. Silver & Gold Corporate Presentation - October 2, 2013 ussilver
- U.S. Silver & Gold is a low-risk, low-capital, high-growth silver mining company focused on its Galena Complex in Idaho.
- The Galena Complex includes existing silver production and significant exploration potential from the Caladay Zone discovery.
- Management aims to grow production to over 5 million ounces of silver annually by 2015 through brownfield expansions like developing the Caladay Zone, while maintaining low costs and protecting the company's balance sheet.
2016 Annual General Meeting of ShareholdersNOVAGOLD
This document summarizes the 2016 Annual General Meeting of Shareholders for NovaGold Resources Inc. It provides an agenda for the meeting including remarks from the Vice President & CFO, President & CEO, and Chairman. It also contains cautionary statements regarding forward-looking information and scientific and technical data. The document discusses NovaGold's projects including Donlin Gold in Alaska and Galore Creek in British Columbia and highlights their scale, quality and location in top-rated mining jurisdictions. It outlines NovaGold's achievements in 2015 including permitting progress for Donlin Gold and mine planning for Galore Creek. Goals for 2016 include further advancing Donlin Gold permitting toward a construction decision.
Osisko reported its Q3 2017 results on November 9, 2017. Highlights included closing the acquisition of a precious metals portfolio from Orion for $1.1 billion, consisting of 74 royalties, streams, and offtakes. Osisko also declared a quarterly dividend of $0.05 per share and closed a $300 million convertible debenture offering. Subsequent to Q3, Osisko announced a US$65 million gold stream and private placement with Aquila Resources referenced to its Back Forty Project in Michigan.
The document summarizes a nickel exploration project in Greenland. It discusses the project's district scale land position covering 2,985 square kilometers within a belt known to host nickel-copper sulphide mineralization. Recent drilling has identified continuity on 9 priority mineralized zones across the property. The project benefits from proximity to port infrastructure and potential hydropower resources. Assay results are pending from the 2016 drilling program which aimed to delineate zones of interest identified through previous exploration.
NOVAGOLD 2016 First Quarter Financials & Project UpdateNOVAGOLD
This document provides a summary of NovaGold Resources Inc.'s first quarter and project update for 2016. It includes an introduction and sections on corporate updates from the President & CEO and CFO on first quarter financials and the 2016 budget. There is also a question and answer session. The document discusses NovaGold's two major projects - Donlin Gold in Alaska and Galore Creek in British Columbia. It provides highlights of first quarter activities including permitting updates, community engagement efforts, and project funding. Financial information is presented on operating performance and cash flow for the first quarter. Donlin Gold is described as one of the largest gold development projects in the world with significant exploration potential.
- U.S. Silver & Gold Inc. is a low-risk, low-capital, high-growth silver mining company focused on expanding production at its Galena Complex in Idaho.
- In 2013, the company expects to produce between 2.1-2.2 million ounces of silver at cash costs of $15.50-$17.50 per ounce.
- The company has implemented a Small Mine Plan that has reduced costs and increased head grades while maintaining production levels.
17 11-08 november presentation final (for web & print)silverwheaton2016
This document discusses Wheaton Precious Metals, a precious metals streaming company. It notes that Wheaton provides significant upfront capital to mining companies in a non-dilutive manner while retaining operational control. Wheaton has a diversified portfolio of long-life, high-quality streaming assets that provide low-cost, predictable production over 25 years on average. The document cautions readers about forward-looking statements and notes various risks and uncertainties involved.
- U.S. Silver & Gold operates the Galena Complex in Idaho, which has historically produced over 240 million ounces of silver and has proven and probable reserves of 23 million ounces of silver.
- In Q3 2013, Galena Complex produced 1.67 million ounces of silver at a cash cost of $18 per ounce and is expected to produce 0.475-0.5 million ounces in Q4 at $15 per ounce cash cost.
- A new "Small Mine Plan" implemented in Q3 reduced costs by reducing workforce, tons milled, and increasing the cutoff grade, resulting in an operating profit of $0.7 million for Q3 with a $21.40 realized silver price.
- The Rainy River gold project in Ontario, Canada is expected to begin production in mid-2017. Construction is currently 35% complete and $82 million was spent in the first quarter of 2016.
- The feasibility study estimates the project will have an after-tax NPV of $760 million, IRR of 15.3%, and payback period of 5.2 years, using a gold price of $1,200/oz. Average annual gold production is forecast at 325,000oz over the first 9 years at total cash costs of $570/oz and all-in sustaining costs of $670/oz.
- The project benefits from proximity to infrastructure in Canada's top-rated mining jurisdiction
Detour Gold Corporation presents information on its Detour Lake gold mine in Ontario, Canada. Key points include:
- Detour Lake is projected to become a leading intermediate gold producer with average annual production of 657,000 ounces over a 21.5 year mine life.
- Commercial production is targeted for Q3 2013, with gold production guidance of 260,000-320,000 ounces for 2013.
- The mine has 15.6 million ounces of gold reserves at an average grade of 1.03 g/t. Detour Gold plans to grow reserves to over 20 million ounces through exploration and expansion.
- Total cash costs are estimated at $749 per ounce on average over the life of
Primero Mining Corporation owns and operates the San Dimas gold-silver mine in Mexico. The document discusses Primero's strategy to optimize operations at San Dimas, expand resources through exploration, and pursue growth through potential acquisitions in Latin America to become a leading mid-tier gold producer. Recent exploration success has already replaced the estimated 2010 gold production at San Dimas and identified a multi-million ounce resource potential in the Sinaloa Graben area.
- Primero acquired the San Dimas gold-silver mine in Mexico which has produced over 30 million ounces of silver and 1.6 million ounces of gold historically.
- The mine has an estimated 5 year average production of 157,000 gold equivalent ounces at a cash cost of $337 per ounce and significant exploration potential.
- Primero has implemented optimization initiatives at San Dimas including a new dry tailings system, improved power infrastructure, and increased mining rates to improve production and reduce costs.
The document discusses LEADFX Inc., a Canadian mining company focused on lead and silver assets. It provides an overview of LEADFX's flagship Paroo Station lead carbonate mine in Western Australia, which has 6.8 million tonnes of proven and probable reserves at 7% lead and is currently on care and maintenance. The management team is experienced in the lead sector and has previously operated Paroo Station Mine. LEADFX also owns 83% of the Burgin Mine lead-silver-zinc project in Utah, which is anticipated to advance to pre-feasibility. The document notes positive long-term fundamentals for lead and silver demand driven by factors such as growth in automobile ownership and battery usage.
Detour Gold Corporation presented at the BMO Global Metals & Mining Conference in February 2016. Key highlights include:
- Detour Gold achieved gold production of 505,558 ounces in 2015 and expects production to increase to 540,000-590,000 ounces in 2016.
- All-in sustaining costs declined significantly over 2015 and are forecasted to be $840-940 per ounce sold in 2016.
- A new 23-year life of mine plan was unveiled, which incorporates the development of the West Detour deposit. The plan outlines steady production of approximately 650,000 ounces per year over the next 9 years.
- Exploration success at the Lower Detour Zone 58N target provides
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company. Some key points:
- Detour Gold operates the Detour Lake open pit gold mine in Ontario, Canada, which has proven and probable reserves of 15.6 million ounces of gold.
- Production at Detour Lake started in early 2013 and commercial production was reached in August 2013. The mine is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold aims to grow reserves to over 20 million ounces through exploration and expansion of the Detour Lake mine area. The company sees potential for organic growth from its large land holdings in the region.
- Initial capital costs for Detour Lake were
ATAC Resources Ltd. Corporate Presentation September 2021ATAC Resources Ltd
ATAC is a Vancouver-based exploration company focused on exploring for gold and copper in Yukon and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit, and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $8 million in working capital.
This presentation discusses Royal Gold's outlook on the gold industry. It argues that gold is becoming increasingly precious and scarce as exploration has become less efficient at finding reserves and lead times to develop new mines have increased. It also argues that gold remains a valuable and competitive investment, having outperformed other asset classes historically. It notes that successful gold companies trade at a premium to the overall market value of gold equities. The presentation aims to emphasize the importance of Royal Gold pursuing a strategy of long term value creation through its stream and royalty portfolio.
- The document is a corporate presentation from New Gold that provides cautionary statements regarding forward-looking information.
- It notes that statements regarding future financial performance, events, developments and operating parameters are forward-looking and that actual results could differ materially from expectations.
- Key risks to the forward-looking statements include uncertainties around estimates, commodity prices, exchange rates, permitting, political and economic factors, and other operational risks.
This document provides an overview of Guyana Goldfields Inc., a gold mining company with operations in Guyana. It summarizes the company's 2017 performance, noting production was on track to meet guidance. It also outlines plans for expanding the mill from 5,000 tons per day to 8,000 tons per day, expected to be completed in Q1 2018. Additionally, it discusses the company's exploration prospects, including brownfield and greenfield targets near its operating Aurora Gold Mine, highlighting recent drilling results at targets like Iroma and Wynamu.
This corporate presentation provides an overview of Detour Gold Corporation as Canada's next intermediate gold producer. Detour Gold's key asset is the Detour Lake Mine in Ontario, which has proven and probable reserves of 15.6 million ounces of gold. The presentation outlines Detour Gold's objectives to deliver strong operational performance at Detour Lake, generate positive cash flows, and use cash flows to fund future growth. Detour Gold has made solid progress in 2013 by achieving its first gold pour in February, reaching commercial production at Detour Lake in August, and producing over 150,000 ounces of gold in the first nine months of the year.
Guyana Goldfields Inc. is a Canadian gold mining company with its flagship Aurora Gold Mine located in Guyana, South America. The presentation discusses Guyana Goldfields' operations at Aurora including its strong production and financial results year-to-date, plans for mill expansion, and exploration targets near Aurora aimed at discovering additional resources. Guyana Goldfields has over 200,000 acres of exploration ground in an underexplored greenstone belt that has a long history of artisanal gold mining.
Golden Star plans to expand production and reduce costs by ramping up its underground mines at Wassa and Prestea. This will transform the company into a higher grade, lower cost gold producer. Golden Star provided production and cost guidance for 2017, forecasting a 31-44% increase in gold production compared to 2016. Exploration drilling will focus on increasing reserves to extend the mine lives at Wassa and Prestea.
The document discusses U.S. Silver & Gold's annual general meeting on May 27, 2013. It provides forward-looking statements about potential risks including not achieving synergies, loss of key personnel, and not meeting production goals. It also notes that actual results may differ from forward-looking statements. The agenda covers 2012 financial results, delivering on the potential of the Caladay zone, and the roadmap for success including expanding resources at Caladay and seeking acquisition opportunities to reach a goal of 5 million ounces of silver production by 2015.
The document discusses how telecommunications companies need to build successful service innovation ecosystems to drive new revenue streams. It notes that traditional SMS revenues are declining and new revenues of over $100 billion will be needed within 5 years. Operators are advised to develop platforms and APIs to enable third-party developers to create new services that utilize the operators' networks and capabilities. This could help operators diversify into new business areas and reduce subscriber churn. Huawei is working to establish hosting centers around the world to help operators with their digital transformations.
Global Forum 2012: David Soldani of Huawei GlobalForum
The document discusses future technologies and platforms for digital connectivity. It describes Huawei's investments in research and development globally and in Europe. The challenges of increasing traffic demands, decoupling of revenues from traffic, and energy efficiency are examined. Application scenarios for video and audio beyond 2020 involving new formats, 3D, augmented reality, and low latency are presented. A vision for network and services evolution incorporating cloud networking, virtualization, and software defined networking is outlined. Key technical problems to resolve include architectures, security, information centric networking, and multi-site cloud exploitation.
ERHC Energy Corporate Presentation - September 2012Dan Keeney
ERHC Energy, Inc. (OTCBB: ERHE) is a publicly traded American company with valuable oil and gas assets in Sub-Saharan Africa. This is the presentation used by the Company to describe its history, leadership and assets.
NOVAGOLD 2016 First Quarter Financials & Project UpdateNOVAGOLD
This document provides a summary of NovaGold Resources Inc.'s first quarter and project update for 2016. It includes an introduction and sections on corporate updates from the President & CEO and CFO on first quarter financials and the 2016 budget. There is also a question and answer session. The document discusses NovaGold's two major projects - Donlin Gold in Alaska and Galore Creek in British Columbia. It provides highlights of first quarter activities including permitting updates, community engagement efforts, and project funding. Financial information is presented on operating performance and cash flow for the first quarter. Donlin Gold is described as one of the largest gold development projects in the world with significant exploration potential.
- U.S. Silver & Gold Inc. is a low-risk, low-capital, high-growth silver mining company focused on expanding production at its Galena Complex in Idaho.
- In 2013, the company expects to produce between 2.1-2.2 million ounces of silver at cash costs of $15.50-$17.50 per ounce.
- The company has implemented a Small Mine Plan that has reduced costs and increased head grades while maintaining production levels.
17 11-08 november presentation final (for web & print)silverwheaton2016
This document discusses Wheaton Precious Metals, a precious metals streaming company. It notes that Wheaton provides significant upfront capital to mining companies in a non-dilutive manner while retaining operational control. Wheaton has a diversified portfolio of long-life, high-quality streaming assets that provide low-cost, predictable production over 25 years on average. The document cautions readers about forward-looking statements and notes various risks and uncertainties involved.
- U.S. Silver & Gold operates the Galena Complex in Idaho, which has historically produced over 240 million ounces of silver and has proven and probable reserves of 23 million ounces of silver.
- In Q3 2013, Galena Complex produced 1.67 million ounces of silver at a cash cost of $18 per ounce and is expected to produce 0.475-0.5 million ounces in Q4 at $15 per ounce cash cost.
- A new "Small Mine Plan" implemented in Q3 reduced costs by reducing workforce, tons milled, and increasing the cutoff grade, resulting in an operating profit of $0.7 million for Q3 with a $21.40 realized silver price.
- The Rainy River gold project in Ontario, Canada is expected to begin production in mid-2017. Construction is currently 35% complete and $82 million was spent in the first quarter of 2016.
- The feasibility study estimates the project will have an after-tax NPV of $760 million, IRR of 15.3%, and payback period of 5.2 years, using a gold price of $1,200/oz. Average annual gold production is forecast at 325,000oz over the first 9 years at total cash costs of $570/oz and all-in sustaining costs of $670/oz.
- The project benefits from proximity to infrastructure in Canada's top-rated mining jurisdiction
Detour Gold Corporation presents information on its Detour Lake gold mine in Ontario, Canada. Key points include:
- Detour Lake is projected to become a leading intermediate gold producer with average annual production of 657,000 ounces over a 21.5 year mine life.
- Commercial production is targeted for Q3 2013, with gold production guidance of 260,000-320,000 ounces for 2013.
- The mine has 15.6 million ounces of gold reserves at an average grade of 1.03 g/t. Detour Gold plans to grow reserves to over 20 million ounces through exploration and expansion.
- Total cash costs are estimated at $749 per ounce on average over the life of
Primero Mining Corporation owns and operates the San Dimas gold-silver mine in Mexico. The document discusses Primero's strategy to optimize operations at San Dimas, expand resources through exploration, and pursue growth through potential acquisitions in Latin America to become a leading mid-tier gold producer. Recent exploration success has already replaced the estimated 2010 gold production at San Dimas and identified a multi-million ounce resource potential in the Sinaloa Graben area.
- Primero acquired the San Dimas gold-silver mine in Mexico which has produced over 30 million ounces of silver and 1.6 million ounces of gold historically.
- The mine has an estimated 5 year average production of 157,000 gold equivalent ounces at a cash cost of $337 per ounce and significant exploration potential.
- Primero has implemented optimization initiatives at San Dimas including a new dry tailings system, improved power infrastructure, and increased mining rates to improve production and reduce costs.
The document discusses LEADFX Inc., a Canadian mining company focused on lead and silver assets. It provides an overview of LEADFX's flagship Paroo Station lead carbonate mine in Western Australia, which has 6.8 million tonnes of proven and probable reserves at 7% lead and is currently on care and maintenance. The management team is experienced in the lead sector and has previously operated Paroo Station Mine. LEADFX also owns 83% of the Burgin Mine lead-silver-zinc project in Utah, which is anticipated to advance to pre-feasibility. The document notes positive long-term fundamentals for lead and silver demand driven by factors such as growth in automobile ownership and battery usage.
Detour Gold Corporation presented at the BMO Global Metals & Mining Conference in February 2016. Key highlights include:
- Detour Gold achieved gold production of 505,558 ounces in 2015 and expects production to increase to 540,000-590,000 ounces in 2016.
- All-in sustaining costs declined significantly over 2015 and are forecasted to be $840-940 per ounce sold in 2016.
- A new 23-year life of mine plan was unveiled, which incorporates the development of the West Detour deposit. The plan outlines steady production of approximately 650,000 ounces per year over the next 9 years.
- Exploration success at the Lower Detour Zone 58N target provides
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company. Some key points:
- Detour Gold operates the Detour Lake open pit gold mine in Ontario, Canada, which has proven and probable reserves of 15.6 million ounces of gold.
- Production at Detour Lake started in early 2013 and commercial production was reached in August 2013. The mine is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold aims to grow reserves to over 20 million ounces through exploration and expansion of the Detour Lake mine area. The company sees potential for organic growth from its large land holdings in the region.
- Initial capital costs for Detour Lake were
ATAC Resources Ltd. Corporate Presentation September 2021ATAC Resources Ltd
ATAC is a Vancouver-based exploration company focused on exploring for gold and copper in Yukon and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit, and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $8 million in working capital.
This presentation discusses Royal Gold's outlook on the gold industry. It argues that gold is becoming increasingly precious and scarce as exploration has become less efficient at finding reserves and lead times to develop new mines have increased. It also argues that gold remains a valuable and competitive investment, having outperformed other asset classes historically. It notes that successful gold companies trade at a premium to the overall market value of gold equities. The presentation aims to emphasize the importance of Royal Gold pursuing a strategy of long term value creation through its stream and royalty portfolio.
- The document is a corporate presentation from New Gold that provides cautionary statements regarding forward-looking information.
- It notes that statements regarding future financial performance, events, developments and operating parameters are forward-looking and that actual results could differ materially from expectations.
- Key risks to the forward-looking statements include uncertainties around estimates, commodity prices, exchange rates, permitting, political and economic factors, and other operational risks.
This document provides an overview of Guyana Goldfields Inc., a gold mining company with operations in Guyana. It summarizes the company's 2017 performance, noting production was on track to meet guidance. It also outlines plans for expanding the mill from 5,000 tons per day to 8,000 tons per day, expected to be completed in Q1 2018. Additionally, it discusses the company's exploration prospects, including brownfield and greenfield targets near its operating Aurora Gold Mine, highlighting recent drilling results at targets like Iroma and Wynamu.
This corporate presentation provides an overview of Detour Gold Corporation as Canada's next intermediate gold producer. Detour Gold's key asset is the Detour Lake Mine in Ontario, which has proven and probable reserves of 15.6 million ounces of gold. The presentation outlines Detour Gold's objectives to deliver strong operational performance at Detour Lake, generate positive cash flows, and use cash flows to fund future growth. Detour Gold has made solid progress in 2013 by achieving its first gold pour in February, reaching commercial production at Detour Lake in August, and producing over 150,000 ounces of gold in the first nine months of the year.
Guyana Goldfields Inc. is a Canadian gold mining company with its flagship Aurora Gold Mine located in Guyana, South America. The presentation discusses Guyana Goldfields' operations at Aurora including its strong production and financial results year-to-date, plans for mill expansion, and exploration targets near Aurora aimed at discovering additional resources. Guyana Goldfields has over 200,000 acres of exploration ground in an underexplored greenstone belt that has a long history of artisanal gold mining.
Golden Star plans to expand production and reduce costs by ramping up its underground mines at Wassa and Prestea. This will transform the company into a higher grade, lower cost gold producer. Golden Star provided production and cost guidance for 2017, forecasting a 31-44% increase in gold production compared to 2016. Exploration drilling will focus on increasing reserves to extend the mine lives at Wassa and Prestea.
The document discusses U.S. Silver & Gold's annual general meeting on May 27, 2013. It provides forward-looking statements about potential risks including not achieving synergies, loss of key personnel, and not meeting production goals. It also notes that actual results may differ from forward-looking statements. The agenda covers 2012 financial results, delivering on the potential of the Caladay zone, and the roadmap for success including expanding resources at Caladay and seeking acquisition opportunities to reach a goal of 5 million ounces of silver production by 2015.
The document discusses how telecommunications companies need to build successful service innovation ecosystems to drive new revenue streams. It notes that traditional SMS revenues are declining and new revenues of over $100 billion will be needed within 5 years. Operators are advised to develop platforms and APIs to enable third-party developers to create new services that utilize the operators' networks and capabilities. This could help operators diversify into new business areas and reduce subscriber churn. Huawei is working to establish hosting centers around the world to help operators with their digital transformations.
Global Forum 2012: David Soldani of Huawei GlobalForum
The document discusses future technologies and platforms for digital connectivity. It describes Huawei's investments in research and development globally and in Europe. The challenges of increasing traffic demands, decoupling of revenues from traffic, and energy efficiency are examined. Application scenarios for video and audio beyond 2020 involving new formats, 3D, augmented reality, and low latency are presented. A vision for network and services evolution incorporating cloud networking, virtualization, and software defined networking is outlined. Key technical problems to resolve include architectures, security, information centric networking, and multi-site cloud exploitation.
ERHC Energy Corporate Presentation - September 2012Dan Keeney
ERHC Energy, Inc. (OTCBB: ERHE) is a publicly traded American company with valuable oil and gas assets in Sub-Saharan Africa. This is the presentation used by the Company to describe its history, leadership and assets.
Conference Call Presentation - November 10, 2014ussilver
The document summarizes a proposed business combination between Scorpio Mining and U.S. Silver & Gold that would create a leading junior silver producer in the Americas with annual production of approximately 5 million ounces of silver equivalent. The terms of the transaction include Scorpio Mining acquiring all outstanding shares of U.S. Silver & Gold via plan of arrangement, with U.S. Silver & Gold shareholders receiving 1.68 Scorpio Mining shares per share held. The combined company would be led by a proven management team and board of directors from both companies and provide benefits such as diversified production, expanded expertise, and increased leverage to commodity prices.
Huawei July 2010 Corporate Presentation(V11)hubfer
Huawei is a global telecommunications solutions provider that experienced 30% growth in contract sales in 2009 to reach $30.2 billion. It serves 45 of the world's top 50 telecom operators and ranks among the top 3 telecom solution providers globally. Huawei invests heavily in R&D with over 40,000 employees and has filed over 42,000 patent applications. It is focused on developing converged all-IP network solutions to help operators improve bandwidth, revenue, and reduce costs.
1. Silverton Metals acquired three Mexican silver assets from Silver One Resources to create a premier silver explorer.
2. The assets include Peñasco Quemado in Sonora, La Frazada in Nayarit, and Pluton in Durango, located in historically productive mining jurisdictions in Mexico.
3. Silverton plans to conduct exploration programs including drilling, sampling, and geophysical surveys to evaluate and expand the historical resource estimates at Peñasco Quemado and La Frazada, and assess the potential at Pluton.
This corporate presentation from June 2013 summarizes Crocodile Gold Corp., an Australian gold producer. It highlights that in 2012 the company increased gold production to 155,023 ounces from 68,016 ounces in 2011. Cash flow from operations in Q1 2013 was approximately $18 million. The presentation also notes that Crocodile Gold has exploration upside through an extensive pipeline and land package, and presents the company as undervalued relative to its peers based on price-to-NAV and enterprise value per ounce metrics. Significant milestones for the company in recent quarters included acquiring and integrating the Fosterville and Stawell gold mines, obtaining project financing, and advancing the Big Hill project.
A Growing Australian Gold Producer
1) Crocodile Gold is a growing Australian gold producer that increased production from 68,016 oz in 2011 to 155,023 oz in 2012, and expects production of around 175,000 oz in 2013.
2) The company has exploration upside through its extensive exploration pipeline and land package in Australia.
3) Key projects include the Cosmo Mine in the Northern Territory, the Fosterville Gold Mine, and advancing the Big Hill project in Victoria.
Probe Mines Limited is developing the Borden Gold Project in Ontario, Canada into a new gold district. The project currently has a NI 43-101 resource estimate of 1.6Moz indicated and 0.4Moz inferred underground, and 2.3Moz indicated open pit. Probe plans to expand the high-grade zone through infill drilling and update the resource in H1 2015. The company is fully funded and advancing Borden Gold through engineering and permitting.
1. Silverton Metals acquired three Mexican silver assets from Silver One Resources to create a premier silver explorer. The assets include the Pluton, Peñasco Quemado, and La Frazada properties located in Durango, Sonora and Nayarit states, respectively.
2. Peñasco Quemado has a historical resource estimate and drilling has commenced to expand known mineralization. Geophysics identified additional exploration targets.
3. La Frazada has near-surface mineralization with potential for expansion along strike and at depth. It was historically mined and is largely underexplored.
Crocodile Gold Corporate Presentation Feb 2013Crocodile Gold
- Crocodile Gold is a growing Australian gold producer that owns and operates two gold mines in Australia.
- The corporate presentation provides an overview of the company's projects and operations, including forward-looking estimates of mineral resources, production levels, costs, and timelines.
- It also notes key risks and uncertainties inherent in forward-looking estimates for mining projects and warns that mineral resources that are not mineral reserves do not have demonstrated economic viability.
The document provides an overview and cautionary statements for a presentation at the BMO 2014 Global Metals & Mining Conference held from February 24-26, 2014. It notes that the presentation may contain "forward-looking statements" regarding future events and performance. It cautions readers that factors could cause actual results to differ materially from what is presented. The document also provides definitions and cautions readers on the use and reliability of terms such as "measured resources", "indicated resources", and "inferred resources".
- Crocodile Gold is a growing Australian gold producer with operations across Australia.
- The presentation provides an overview of Crocodile Gold's projects and operations, including development timelines and key factors such as resource estimates, costs, and production schedules.
- It notes the risks and uncertainties inherent in forward-looking projections and resource estimates, and directs readers to further technical reports for additional details.
- Crocodile Gold is a growing Australian gold producer with operations in the Northern Territory and Victoria.
- The presentation provides an overview of Crocodile Gold, including forward-looking information about its projects, production estimates, costs, and financial results.
- It cautions readers that certain terminology related to mineral resource and reserve estimates may differ between Canadian and U.S. standards.
Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project located in Quebec. The project now contains over 3 million ounces of gold in resources across multiple deposits and has significant potential for further discoveries and resource growth. Probe plans to release an updated resource estimate and preliminary economic assessment in 2021 as it advances the project towards development. The company is well positioned for success with a strong cash position, large land package in a top mining jurisdiction, and an experienced team with a track record of discoveries.
Crocodile Gold AGM Presentation from June 5, 2014Crocodile Gold
Crocodile Gold held its Annual General Meeting on June 5th 2014. The company discussed its 2013 milestones including producing over 210,000 ounces of gold, exceeding guidance. Crocodile provided production guidance for 2014 of 200,000-210,000 ounces at a cost of $900-$950 per ounce. Key projects in the Northern Territory were also discussed. The presentation contained forward-looking statements and non-IFRS financial measures.
The document provides information about Probe Mines Limited, a gold exploration company with a focus on its 100%-owned Borden Gold Project in Ontario, Canada. Some key points:
- Borden has a high-grade underground constrained resource of 1.6Moz indicated and 0.4Moz inferred gold, as well as a 2.3Moz indicated open pit resource. The high-grade zone remains open for expansion.
- Probe also owns exploration properties including Black Creek chromite and Tamarack-McFauld's Lake VMS properties which provide additional exploration upside.
- Goldcorp has offered to acquire all shares of Probe in an all-share transaction valued at C$5.
- Crocodile Gold is a growing Australian gold producer that owns and operates gold mines in Australia.
- The presentation provides an overview of Crocodile Gold's projects and operations, including information on mineral resource estimates, production estimates, costs, and economic evaluations.
- It also contains forward-looking information on the company's plans and estimates, and cautions readers that actual results may differ materially from expectations.
Probe Metals is a well-funded Canadian gold explorer exploring its Val-d'Or East project in Quebec. The project hosts over 3 million ounces of gold in resources and has significant potential for further resource growth and new discoveries. Recent drill results from the Courvan, Monique, and Cadillac Break East properties showed thick, high-grade intercepts, demonstrating the potential to expand known mineralization. Upcoming milestones include ongoing drilling, metallurgical test results, and a new resource estimate in the first half of 2021.
The document provides an overview of Claude Resources Inc.'s annual general meeting, including highlights from 2012 such as a net profit of $5.6 million and cash costs per ounce of $997. It also summarizes the company's operations and projects, including the Seabee Gold Operation, Santoy Gap, Amisk Gold Project, and Madsen Gold Project. The company has three Canadian gold assets and over 20 years of operating experience.
Crocodile Gold reported record production and financial results for 2014. Production exceeded initial guidance at 222,312 ounces. Operating costs were significantly decreased, meeting the low end of guidance. The company maintained a strong balance sheet and cash position of $37 million at year end. Crocodile Gold's objectives are sustainable gold production of 200,000-220,000 ounces annually through conversion of resources to reserves, maintaining a strong balance sheet, and pursuing strategic growth opportunities.
Probe Metals is a well-funded Canadian gold explorer focused on its 334 km2 Val-d'Or East project in Quebec. The project hosts a total gold resource of 3.2 million ounces and has potential for further expansion. Probe has a strong balance sheet of $25 million and is led by an experienced management team with a track record of success. Drilling continues to expand known deposits and discover new ones to unlock the value in the Val-d'Or East district.
The document provides an overview of Falco Resources Ltd. and its flagship Horne Project located in the Rouyn-Noranda mining district of Quebec. Some key points include:
- Falco has a land package of 74,000 hectares containing 13 former mining sites with over 80 years of exploration data.
- At the Horne Project, an initial inferred resource estimate defined 2.8 million ounces of gold equivalent at 3.4 g/t based on historical drilling data. Confirmation drilling is planned to upgrade the resource.
- The Horne mine was previously operated for over 50 years but was not deeply explored, leaving exploration potential at depth and along strike.
- Comparable mines like Gol
The document provides an overview of Falco Resources Ltd. and its flagship Horne Project located in the Rouyn-Noranda mining district of Quebec. Some key points include:
- Falco has a land package of 74,000 hectares containing 13 former mining sites with over 80 years of exploration data.
- At the Horne Project, an initial inferred resource estimate defined 2.8 million ounces of gold equivalent at 3.4 g/t based on historical drilling data. Confirmation drilling is planned to upgrade the resource.
- The Horne mine was previously in production for over 50 years but was not deeply explored, leaving exploration potential at depth and along strike.
- Comparable mines like
March 2015 investor presentation revised coverFalcoCorporate
The document provides an overview of Falco Resources Ltd. and its exploration projects in the Rouyn-Noranda mining district of Quebec. Key points include:
- Falco has a land package of 740 km2 containing 13 former mines and is targeting 5 million ounces of gold equivalent at its flagship Horne Project.
- An initial inferred resource estimate for the Horne 5 deposit outlined 2.8 million ounces of gold equivalent. Falco plans a confirmation drilling program to upgrade resources.
- The district has a long history of mining but remains underexplored, particularly for gold. Falco sees potential to expand resources at Horne and make new discoveries across its land holdings.
Similar to Conference Call Presentation - November 10, 2014 (20)
The document discusses U.S. Silver & Gold's focus on profitable growth at low silver prices. It summarizes that the company is committed to increasing shareholder value through its primary Galena Complex asset in Idaho, a proven management team, ongoing expansion at higher silver prices, and large land holdings. It provides production and cost guidance for 2014, outlines the experienced management team, describes the Galena Complex assets, and highlights the company's focus on reducing costs and transitioning to more profitable silver-lead production.
U.S. Silver & Gold Corporate Presentation - July 30, 2014ussilver
U.S. Silver & Gold is focused on profitable growth at its Galena Complex in Idaho at low silver prices. The company produced over 2 million ounces of silver in 2013 and is guiding production of 2.0-2.4 million ounces in 2014. It is executing on cost reductions, with cash costs down 55% since a change in management, and transitioning to majority lower cost silver-lead production by the end of 2014. The company has a proven management team and owns the Galena Complex royalty-free, giving it leverage to rising silver prices.
U.S. Silver & Gold Corporate Presentation - July 24, 2014ussilver
The document discusses U.S. Silver & Gold's focus on profitable growth at low silver prices. It summarizes that the company is committed to increasing shareholder value through its primary Galena Complex asset in Idaho, a proven management team, ongoing expansion at higher silver prices, and large land holdings. It provides production and cost guidance for 2014, outlines the experienced management team, describes the Galena Complex assets, and highlights the company's focus on reducing costs and transitioning to more profitable silver-lead production.
U.S. Silver Corporate Presentation - July 18, 2014ussilver
U.S. Silver & Gold is focused on profitable growth at its Galena Complex in Idaho amid low silver prices. The company produced over 2 million ounces of silver in 2013 and is guiding for production of 2.0-2.4 million ounces in 2014. Management has significantly reduced costs, with cash costs down 55% and all-in sustaining costs down 24% under their leadership. The company is transitioning production to lower cost silver-lead mining and has additional expansion potential at higher silver prices.
The document discusses U.S. Silver & Gold Inc.'s Galena Complex in Idaho. It summarizes that the Galena Complex is the company's primary asset and is an established, long-life operating mining complex. It also notes that the company is focused on profitable growth at low silver prices and has achieved a 40% reduction in cash costs since a change in management. The document provides guidance for 2014 of producing between 2.0-2.4 million ounces of silver at cash costs of $14.50-15.50 per ounce and all-in sustaining costs of $18-19 per ounce.
The document discusses U.S. Silver & Gold Inc.'s Galena Complex in Idaho. It summarizes that the Galena Complex is the company's primary asset, which is an established, long-life operating mining complex. It also notes that the company is focused on profitable growth at low silver prices and has guidance of producing 2.0-2.4 million ounces of silver in 2014 at cash costs of $14.50-15.50 per ounce and all-in sustaining costs of $18-19 per ounce. The company is committed to increasing shareholder value through reducing costs, expanding production at higher silver prices, and pursuing acquisitions.
US Silver & Gold Inc. Annual General Meeting Presentationussilver
The document summarizes the annual general meeting of U.S. Silver & Gold that was held on May 20, 2014. It discusses the company's 2013 financial results including a net loss of $15.6 million and cash costs of $18.33 per ounce of silver. It also outlines the company's plans for 2014 which include a focus on cost reductions and near-term profitability through increasing production to 2.0-2.4 million ounces of silver at lower costs of $14.50-$15.50 per ounce. The presentation emphasizes the company's potential for growth and highlights its attractive valuation relative to peers.
The document provides an overview of U.S. Silver & Gold Inc. and its primary asset, the Galena Complex in Idaho. It summarizes that U.S. Silver & Gold is focused on profitable growth at low silver prices through reducing costs and transitioning to lower cost silver-lead production. It also highlights the company's experienced management team, positive production guidance for 2014 with declining costs, and significant land holdings in the prolific Silver Valley of Idaho.
U.S. Silver & Gold is a low-cost silver producer focused on generating cash flow from its Galena Complex in Idaho. The company produced over 2 million ounces of silver in 2013 and expects production of 2.2-2.4 million ounces in 2014 at cash costs of $14.50-15.50 per ounce. U.S. Silver & Gold is focused on further reducing costs and expanding production through development of the high-grade Caladay Zone and consolidation in the prolific Silver Valley district. The company trades at a discount to its peers and provides high leverage to the price of silver due to its low market capitalization and producing assets.
- U.S. Silver & Gold held a Q3 2013 conference call to discuss operational and financial results.
- The company implemented a Small Mine Plan (SMP) which reduced staffing and operating stopes to focus on the most profitable ounces of silver. This led to a 13% reduction in cash costs and 30% reduction in all-in sustaining costs compared to Q3 2012.
- Exploration is focused on expanding high-grade resources near existing infrastructure, particularly the Caladay Zone, to increase profitable production if silver prices rise in the future.
The document summarizes a Q3 2013 conference call for U.S. Silver & Gold. Key points include:
- Cash costs were reduced 13% year-over-year and production is on track to deliver 100 tons per day from silver/copper areas by year-end.
- A small mine plan was implemented that reduced staffing and operating stopes to focus on the most profitable ounces.
- Exploration is focused on expanding high-grade resources near existing infrastructure like the Caladay Zone.
- The company remains focused on profitable silver production and increasing resources through exploration and potential acquisitions.
U.S. Silver & Gold Corporate Presentation - August 28, 2013ussilver
- U.S. Silver & Gold owns the Galena Complex in Idaho which has historically produced over 240 million ounces of silver and currently contains over 23 million ounces of proven and probable silver reserves.
- The company is focusing on exploring and developing the high-grade Caladay Zone to increase silver production and extend the mine life at its Galena Mine.
- Production in 2013 is forecasted to be between 2.1-2.2 million ounces of silver at a cash cost of $15.50-$17.50 per ounce of silver.
U.S. Silver & Gold - Investor Presentation - August 2013ussilver
This document provides an overview of U.S. Silver & Gold Inc., a junior silver mining company. Key points include:
- U.S. Silver & Gold operates the high-grade Galena silver mine in Idaho and has over 23 million ounces of silver in reserves.
- The company is assessing the potential of the Caladay Zone, a new discovery that could support lower cost bulk mining.
- Management aims to grow production to over 5 million ounces of silver by 2015 through brownfield expansions and acquisitions.
- The company trades at a discount to its peers on metrics like enterprise value per ounce of silver resources.
U.S. Silver & Gold operates the Galena Complex in Idaho, which has historically produced over 240 million ounces of silver. The company is pursuing expansion opportunities at the Galena Complex through the Caladay Zone, which has the potential for a large silver resource. U.S. Silver & Gold is also focused on growing production and cash flow while assessing acquisition opportunities to increase its resource base.
The document discusses U.S. Silver & Gold's annual general meeting on May 27, 2013. It provides forward-looking statements about potential risks including not achieving synergies, loss of key personnel, and not meeting production goals. It also notes that actual results may differ from forward-looking statements. The agenda covers 2012 financial results, delivering on the potential of the Caladay zone, and the roadmap for success including expanding resources at Caladay and seeking acquisition opportunities to reach a goal of 5 million ounces of silver production by 2015.
U.S. Silver & Gold Corporate Presentation - February 2013ussilver
U.S. Silver & Gold is a low risk, low capital, high growth silver mining company. It operates the Galena Complex in Idaho which is the second largest primary silver producer in the United States. The company plans to increase silver production to over 5 million ounces by 2015 through operational improvements, brownfield expansions at Galena such as developing the Caladay Zone, and potential processing synergies with other acquisitions. U.S. Silver & Gold also aims to control costs and pursue accretive acquisition opportunities to continue growing earnings and cash flow per share.
U.S. Silver & Gold is a new company built for growth in the silver mining industry. It has established long-life operating assets with strong cash flow, including its flagship Galena Mine Complex in Idaho which is the 2nd largest primary silver mine in the U.S. The company has a significant land position in the prolific Silver Valley mining district and plans to increase production to over 5 million ounces of silver annually by 2015 through ongoing brownfield expansion and potential acquisitions. Management has extensive experience in mining operations, corporate development, and finance to execute on the company's growth strategy.
Corporate Presentation - December 19, 2012ussilver
U.S. Silver & Gold is a new company built for growth. It has established long-life operating assets that generate strong cash flow, including its Galena Mine Complex that is the second largest primary silver producer in the U.S. The company plans to exceed annual silver production of 5 million ounces by the end of 2015 through brownfield expansions and potential acquisitions. It also aims to assess exploration, processing, and capital synergies with other geographically focused assets to further increase production and cash flow per share.
U.S. Silver and Gold Corporate Presentation - November 29, 2012 ussilver
U.S. Silver & Gold is a growing silver producer with operating assets in Idaho. It has:
- Produced over 2.6 million ounces of silver historically from its Galena Mine Complex.
- Plans to increase silver production to over 5 million ounces by 2015 through brownfield expansions and acquisitions.
- Recently acquired the high grade gold and silver producing Drumlummon Mine, which it intends to process at Galena to achieve synergies.
- Aims to assess the potential of its large Lead Zone discovery for future bulk mining operations.
- Focuses on unlocking value from its existing silver assets while pursuing accretive acquisitions to expand its resource
U.S. Silver and Gold Corporate Presentation - November 27, 2012ussilver
U.S. Silver & Gold is a new company built for growth. It has established, long-life operating assets that generate strong cash flow, including over 2.6-2.8 million ounces of silver annually from its Galena Mine Complex in Idaho. The company has a significant land position in the prolific Silver Valley and aims to increase production to over 5 million ounces of silver by 2015 through brownfield expansions of current mines and pursuing accretive acquisitions. Management has extensive experience in mining operations, exploration, and corporate development from companies such as Barrick Gold.
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.
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
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.
1. A Leading Junior Silver Producer in the Americas
Proposed Business Combination of
Scorpio Mining and U.S. Silver & Gold
November 2014
2. Creating a Leading Junior Silver Producer in the Americas
2
Cautionary Statement
This presentation contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, expectations, intentions, plans, assumptions and beliefs with respect to, among other things, the proposed transaction, the combined company following completion of the transaction and its operations, and the assumption for the reduction of total resources at El Cajón utilized by U.S. Silver & Gold for purposes of modelling the transaction. Often, but not always, forward-looking information can be identified by forward- looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of the applicable company as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the applicable company to be materially different from those expressed or implied by such forward looking information. This includes the ability to develop and operate the properties of the combined company, risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration activities, possible variations in ore grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, social and political developments and other risks of the mining industry. Although each of Scorpio Mining and U.S. Silver & Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific those contribute to the possibility that the predictions, forecasts, and projections of various future events will not occur. Each of Scorpio Mining and U.S. Silver & Gold undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
U.S. Silver & Gold management has intensively reviewed Scorpio Mining’s El Cajón asset as part of its due diligence process, including the potential boundary movement and related impact to mineral resources. While the final location of the concession boundary remains subject to confirmation, based on its review of the current facts, U.S. Silver & Gold has assumed a potential reduction of total resources at El Cajón of 40% to 50% for purposes of evaluating the transaction and this assumption is reflected in this presentation. Readers are cautioned that such assumption for the reduction in total resources at El Cajón utilized by U.S. Silver & Gold for purposes of evaluating the transaction is an assumption of U.S. Silver & Gold only, and is not a statement of, or otherwise endorsed by, Scorpio Mining, and the actual reduction in total resources at El Cajón may differ materially from the assumption of U.S. Silver & Gold, including because the concession boundaries underlying the El Cajón deposit have not yet been confirmed by the Dirección General de Regulación Minera and the technical work to determine resources based on such confirmed boundaries has not yet been conducted. Scorpio Mining intends to prepare an updated mineral resource estimate for its El Cajón deposit and a revised technical report, prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, following the Dirección General de Regulación Minera's final confirmation of the concession boundaries underlying the El Cajón deposit.
An additional cautionary note to investors – In the event that we use certain terms in this presentation, such as “resource”, “measured resource”, “indicated resource” and “inferred resource”, U.S. investors are cautioned that, while such terms are recognized and required by Canadian securities laws, the United States Securities and Exchange Commission does not recognize them. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination has been made. U.S. investors should not assume that all or any part of measured or indicated resources will ever be converted into reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Accordingly, information concerning descriptions of mineralization in this presentation may not be comparable to information made public by companies that are subject to the SEC’s Industry Guide 7.
Some of the potential quantities and grades disclosed are conceptual in nature, there has been insufficient exploration to define a mineral resource on all of the mineralization at the Galena Complex and it is uncertain if further exploration will result in certain targets being delineated as a mineral resource.
Mr. Daren Dell, Vice President, Technical Services of U.S. Silver & Gold and a Qualified Person under National Instrument 43-101, has approved the applicable contents of this presentation.
Scorpio Mining's President and CEO, Mr. Pierre Lacombe, Eng., is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the applicable contents of this presentation.
3. Creating a Leading Junior Silver Producer in the Americas
3
Compelling Investment Thesis
Diversified production base with annual production of approximately 5 Mozs of silver equivalent
Further declining cash costs as operations are optimized and G&A synergies are realized
Strong financial position, increased market profile and enhanced trading liquidity
Proven management team and Board – combining the best of both companies
Robust reserve and resource base to sustain long-life operations
Sustainable production at current prices with growth from internal projects
Greater access to capital to take advantage of current market opportunities
Compelling value proposition – leading leverage and attractive relative valuation
Source: Internal estimates. Note: Silver equivalent calculated using US$20.00/oz Ag, US$3.00/lb Cu, US$0.90/lb Pb, and US$1.00/lb Zn
Creating a Leading Junior Silver Producer in the Americas Led by Top Tier Management
4. Creating a Leading Junior Silver Producer in the Americas
4
Business Combination Terms
Source: Bloomberg, company disclosure
Proposed Transaction
•Scorpio Mining Corporation (“Scorpio Mining”) to acquire all of the issued and outstanding common shares of U.S. Silver & Gold Inc. (“U.S. Silver & Gold”) via Plan of Arrangement
•Pro forma basic market capitalization of C$65 million
•Pro forma basic ownership of 59% Scorpio Mining / 41% U.S. Silver & Gold
Consideration
•1.68 Scorpio Mining shares per U.S. Silver & Gold share, representing C$0.33 per share
Approvals
•U.S. Silver & Gold shareholder vote (66⅔% of shareholder votes cast)
•Scorpio Mining shareholder vote (simple majority of shareholder votes cast)
•Customary regulatory and court approvals
Other Terms
•Customary non-solicitation covenants and rights to match
•Termination fees: 4% of equity value of applicable party
•Transaction unanimously recommended by respective Boards
•Lock-ups in place, representing approximately 17.5% of Scorpio Mining shareholders and approximately 19.6% of U.S. Silver & Gold shareholders
Timing
•Mailing of meeting materials by mid-November
•Shareholder meetings by mid-December
•Closing expected by year-end
5. Creating a Leading Junior Silver Producer in the Americas
5
Proven Management and Board of Directors
Combines Strong Leadership Strength and Broad Technical Skills
Chairman
President, CEO & Director
Peter Hawley
Darren Blasutti
Three Additional Directors from Scorpio Mining
Four Directors from U.S. Silver & Gold in addition to the President & CEO
Best in Class Management Team Combining Strengths of Both Companies
6. Creating a Leading Junior Silver Producer in the Americas
6
Mutual Benefits of the Merger
Mutually Beneficial Transaction Supported by Strong Rationale
Diversifies production with multiple producing mines in attractive jurisdictions
Expands management capabilities, adding proven financial and operating expertise
Adds immediate production and cash flows from an established mine with declining cash costs
Enhances leverage to higher commodity prices with the addition of low capital brownfield growth
Increases overall balance sheet strength and adds cash flow from a well-established operation
Adds additional near-term production and cash flow through development and expansion of low risk assets
Provides a prospective operating platform in Mexico to drive potential future opportunities
Enhances ability to fund internal brownfield expansion projects in higher commodity price environments
7. Creating a Leading Junior Silver Producer in the Americas
7
Optimized Corporate Structure and Asset Base
Source: Internal estimates
Potential to save $2 million to $3 million per annum by reducing corporate and mine site G&A
Eliminate Duplicate G&A Costs
Future Benefits to the Combined Company
Potential to save $2 million to $3 million per annum by implementing strict cost controls and productivity improvements
Optimize Current Operations
Allocate existing financial resources appropriately over a larger universe of internal and external opportunities
Efficient Allocation of Capital
Creating a More Efficient and Financially Stronger Company
8. Creating a Leading Junior Silver Producer in the Americas 8
Strict Focus on Cost and Productivity Improvements
Source: Company disclosure
1. Calculated per silver industry standards. 2. Silver industry cash cost plus all development, capital expenditures, exploration spending and mine G&A
Trending in the Right Direction
$10
$15
$20
$25
$30
$35
Cash Cost All-In Sustaining Cost
US$/oz Ag
Q3/12
Q4/12
Q1/13
Q2/13
Q3/13
Q4/13
Q1/14
Q2/14
The U.S. Silver & Gold Experience
1 2
9. Creating a Leading Junior Silver Producer in the Americas
9
Pro Forma Capitalization
1. Based on the share exchange ratio of 1.68 SPM shares per USA share Source: Bloomberg, company disclosure; Note: Balance sheet items as of September 30, 2014, assuming a USD:CAD exchange rate of 0.88
As at November 7, 2014
Scorpio Mining
U.S. Silver
& Gold
Pro Forma1
Basic Shares Outstanding
M
198.6
81.2
335.1
Basic Market Capitalization
C$M
$38.7
$25.6
$65.3
Cash and Cash Equivalents
C$M
$13.9
$7.6
$21.5
Total Debt
C$M
$0.0
$8.5
$8.5
Enterprise Value
C$M
$24.9
$26.5
$52.3
Basic Ownership
%
59%
41%
100%
Strong Balance Sheet to Support Near-Term Expansion and Growth
10. Creating a Leading Junior Silver Producer in the Americas 10
Americas Focused Operating Platform
Source: Company disclosure, internal estimates
Galena Complex (100% USA)
2014E Production:
2014E Cash Costs:
2P Reserves Ag:
M&I Resources Ag:
1.65-1.75Mozs Ag
$14.50-$15.50/oz Ag
23.2Mozs @ 380g/t
36.2Mozs @ 364g/t
Nuestra Senora (100% SPM)
2014E Production:
2014E Cash Costs:
2P Reserves Ag:
M&I Resources Ag:
1.1-1.2Mozs Ag
$12.00-$13.00/oz Ag
1.2Mozs @ 101g/t
6.9Mozs @ 95g/t
El Cajon
San Rafael (100% SPM)
M&I Resources Ag:
Inf. Resources Ag:
37.0Mozs @ 66g/t
5.1Mozs @ 63g/t
Caladay Zone (100% USA)
Inf. Resources Ag: 4.1Mozs @ 169g/t
Legend
Producing Mine
Construction
Development
U.S. Silver
& Gold
Scorpio
Mining
Toronto
Head Office
11. Creating a Leading Junior Silver Producer in the Americas 11
5%
95%
2P Reserves
Scorpio Mining USA
Silver Equivalent Production Profile Silver Reserves & Resources1
Production Profile and Resources
1. Excludes contribution from El Cajon
Source: Company disclosure, internal estimates. Note: Silver equivalent calculated using US$20.00/oz Ag, US$3.00/lb Cu, US$0.90/lb Pb, and US$1.00/lb Zn
24.4
55.7
29.1
Pro Forma
2P M&I (excl.) Inferred
2.2
2.1
4.3
5.0
2014E 2015E 2016+
Scorpio Mining U.S. Silver & Gold
55%
45%
M&I Resources (incl.)
Scorpio Mining USA
Reserve Contribution
M&I Resource Contribution
+ San Rafael
+ Caladay
+ Upper-Country
Lead
+ El Cajon
Current
Operations
12. Creating a Leading Junior Silver Producer in the Americas
12
The Cosalá District (Mexico)
•Prospective land package of 26,819 hectares in the Sierra Madre Range in Sinaloa State, Mexico
•Current operations at Nuestra Señora will be extended with the development of El Cajón and San Rafael
•Nuestra Señora is a well-established underground mine with increasing efficiencies and decreasing cash costs
•Future operations will utilize the existing equipment and processing infrastructure to integrate the El Cajón and San Rafael deposits
•El Cajón underground mine is expected to come online in the near-term and ramp up through Q2-15
•Permits are in place and the portal was collared on March 29, 2014
•Over 1,000 meters of ramp and lateral development completed to date to provide access to upper stopes
•Installation of surface infrastructure is ongoing
•San Rafael represents an attractive long-term development project with large scale potential
•EIS approval received for the underground operation
•Potential underground access via the El Cajón ramp
•Significant exploration upside across all assets
1. Excludes contribution from El Cajon Source: Company disclosure, internal estimates
Key Metrics
Location
Sinaloa State, Mexico
Ownership
100%
2014E Silver Production
1.1Mozs – 1.2Mozs
2014E Cash Costs (Net)
US$12.00/oz – US$13.00/oz
Silver Reserves
1.2 Mozs at 101 g/t Ag
Silver M&I Resources1
43.9 Mozs at 70 g/t Ag
13. Creating a Leading Junior Silver Producer in the Americas
13
The Galena Complex (USA)
•High grade underground operation with historical silver production of over 250 million ounces
•Dominant royalty-free land position in the prolific Silver Valley in the USA
•Focus on cost containment and production of profitable ounces
•Current management has reduced operating costs by 40% and all-in sustaining costs by over 50%1
•Ongoing transition to wider and higher grade silver- lead stopes expected to reduce costs further
•Significant low cost brownfield expansion opportunities at higher metal prices
•Fully permitted for a larger scale operation and all infrastructure is in place to support expansion
•The mills are currently operating at ~40% of rated capacity and significant excess hoisting and milling capacity is available
•Over 20 stopes developed and ready for mining at higher prices
•Significant exploration upside at the Caladay Zone, which is being assessed for high grade conventional and bulk mining potential
Source: Company disclosure; 1. From Q3 2012 to Q2 2014
Key Metrics
Location
Idaho, USA
Ownership
100%
2014E Silver Production
1.65Mozs – 1.75Mozs
2014E Cash Costs (Net)
US$14.50/oz – US$15.50/oz
Silver Reserves
23.2 Mozs at 380 g/t Ag
Silver M&I Resources
36.2 Mozs at 364 g/t Ag
14. Creating a Leading Junior Silver Producer in the Americas 14
Market Capitalization (C$M)
2015E Consensus Production (Mozs Ag)
Enhanced Market Profile and Leading Scale
Source: FactSet, Bloomberg, company disclosure, available analyst estimates
$567
$339
$236 $235
$182
$113
$65 $49 $39 $37 $35 $26 $22
Fortuna
Silver
Endeavour
Silver
Silvercorp Sierra
Metals
SilverCrest
Mines
Great
Panther
Pro Forma Avino Silver
& Gold
Scorpio
Mining
Alexco
Resources
Excellon U.S. Silver
& Gold
Aurcana
7.0 6.9
4.8
4.2 4.0
2.3 2.3
1.9 1.9 1.9 1.6 1.5
1.1
Endeavour
Silver
Fortuna
Silver
Silvercorp Pro Forma Sierra
Metals
Great
Panther
U.S. Silver
& Gold
Aurcana SilverCrest
Mines
Scorpio
Mining
Excellon Avino Silver
& Gold
Alexco
Resources
15. Creating a Leading Junior Silver Producer in the Americas 15
2015E Consensus Production Leverage (ozs Ag per C$1,000)
Total M&I Resources (Mozs Ag)
Leading Silver Leverage
1. Excludes contribution from El Cajon
Source: FactSet, Bloomberg, company disclosure, available analyst estimates
63.8
47.9 46.9
30.6 30.3
20.7 20.5 20.4 17.2
12.2 10.3
U.S. Silver
& Gold
Aurcana Pro Forma Scorpio
Mining
Excellon Avino Silver
& Gold
Alexco
Resources
Endeavour
Silver
Great
Panther
Silvercorp Sierra
Metals
Fortuna
Silver
SilverCrest
Mines
Average: 29.5
90.4 86.3
115 112
80
72
52 50
44 40 36
30
14 12 9
Aurcana Silvercorp Pro Forma Endeavour
Silver
Fortuna
Silver
Alexco
Resources
Scorpio
Mining
Sierra
Metals
U.S. Silver
& Gold
SilverCrest
Mines
Avino Silver
& Gold
Excellon Great
Panther
1 1
16. Creating a Leading Junior Silver Producer in the Americas 16
P / Consensus NAV (ratio)
P / 2015E Consensus CFPS (ratio)
Attractive Relative Valuation
Source: FactSet, Bloomberg, company disclosure, available analyst estimates
1.04x 1.03x
0.95x
0.70x
0.56x 0.53x
0.45x
0.40x
0.32x 0.29x 0.26x 0.26x 0.25x
Endeavour
Silver
Fortuna
Silver
Great
Panther
SilverCrest
Mines
Sierra
Metals
Silvercorp Avino Silver
& Gold
Excellon Alexco
Resources
Aurcana Pro Forma U.S. Silver
& Gold
Scorpio
Mining
Average: 0.63x
8.2x
5.6x 5.5x
4.5x 4.3x
3.7x
2.4x 2.2x 1.9x
Fortuna
Silver
Endeavour
Silver
SilverCrest
Mines
Silvercorp U.S. Silver
& Gold
Sierra
Metals
Pro Forma Excellon Scorpio
Mining
Average: 5.0x
17. Creating a Leading Junior Silver Producer in the Americas
17
The Path Forward
Strategic Objective
To operate profitably at current silver prices through the optimization of brownfield projects and potential acquisition of complementary projects at attractive valuation levels
Our Mission
Focus on near-term free cash flow generation
Deliver on cost reduction, capital preservation and near-term profitability
Growth through expansion of existing assets and consolidation in the precious metals space
Expand operating platforms in mining-friendly jurisdictions in the Americas
Maintain stakeholder involvement
Long-Term Vision to Become the Leading Growth Oriented Precious Metals Producer
18. Creating a Leading Junior Silver Producer in the Americas
18
Contact Us
Investor Relations Tel: 416-585-2200 x102
Email: scorpio@scorpiomining.com
Nicole Richard, Investor Relations Tel: 416-848-9503 x310
Email: nrichard@us-silver.com
19. Creating a Leading Junior Silver Producer in the Americas
19
Proposed Board of Directors
Peter J. Hawley
Chairman BSc, BEng, PGeo
•Peter Hawley has over 30 years' experience in the exploration and mining industry. He has worked as a consulting geologist to a large number of intermediate and senior mining companies including Teck Corp, Noranda Inc, Placer Dome Inc and Barrick Gold Corp. Mr. Hawley is the founder of Scorpio Mining Corporation and current CEO of Scorpio Gold Corporation.
Darren Blasutti
•Mr. Blasutti is currently the President and Chief Executive Officer of the Company. He was formerly the President and Chief Executive Officer of RX Gold & Silver Inc. and prior to that Senior Vice President of Corporate Development for Barrick Gold Corporation (“Barrick”) until January 2011. He reported to the Chief Executive Officer and played a lead role in the strategic development of Barrick for over 13 years, during which time he executed over 25 gold mining transactions including the acquisition of Homestake Mining Company and Placer Dome Inc. and the consolidation of the world class Cortez property from Rio Tinto. Mr. Blasutti also led the creation of Barrick Energy Inc. to hedge Barrick’s exposure to energy prices and was integral to the initial public offering of African Barrick Gold. During his tenure at Barrick, he also led the Investor Relations function. Mr. Blasutti was previously at PricewaterhouseCoopers LLP where he planned, supervised and managed audits for a variety of clients. Mr. Blasutti is a member of the Canadian Institute of Chartered Accountants and is a director of Noront Resources Ltd.
Alex Davidson
•Mr. Davidson is currently a corporate director and was formerly Executive Vice President, Exploration and Corporate Development at Barrick, with responsibility for Barrick’s international exploration programs and corporate development activities. Mr. Davidson joined Barrick in 1993 as Vice President Exploration with responsibility for Barrick’s expanding exploration program. He initiated Barrick’s expansion out of North America and into Latin America and beyond. Prior to joining Barrick, Mr. Davidson was Vice President, Exploration for Metall Mining Corporation. Mr. Davidson has over 25 years’ experience in designing, implementing and managing gold and base metal exploration and acquisition programs throughout the world. In 2005, Mr. Davidson was presented the A.O. Dufresne Award by the Canadian Institute of Mining, Metallurgy and Petroleum to recognize exceptional achievement and distinguished contributions to mining exploration in Canada. In 2003, Mr. Davidson was named the Prospector of the Year by the Prospectors and Developers Association of Canada in recognition of his team’s discovery of the Lagunas Norte Project in the Alto Chicama District in Peru. Mr. Davidson is also a director of MBAC Fertilizer Corp., Capital Drilling Limited, Amara Mining plc, Orca Gold Inc. and Yamana Gold Inc.
Alan Edwards
•Mr. Edwards serves on the board of directors and is President of AE Consulting Corp. He also serves on the board of directors for Entrée Gold Inc., AuRico Gold Inc. (Chairman), Oracle Mining Corp. (Chairman), and AQM Copper Inc. (Chairman). From September 2012 to July 2013, he was Chief Executive Officer of Oracle Mining Corp., from 2009 to May 2011, he was President and Chief Executive Officer of Copper One Inc., from 2007 to 2009, he was President and Chief Executive Officer of Frontera Copper Corporation. Mr. Edwards holds an MBA from the University of Arizona and a B.S. Mining Engineering also from the University of Arizona.
20. Creating a Leading Junior Silver Producer in the Americas
20
Proposed Board of Directors (continued)
Bradley R. Kipp HBA, CFA, CPA, CA
•Mr. Kipp has over 18 years' experience in the mining sector specializing in operations, corporate finance and public company reporting. In 1997 he joined a mining development company as Vice-President, Finance and has been involved in the financing and development of emerging and start-up mineral projects focused primarily in southern Africa, Mexico and Myanmar. As part of these activities he is, or has been, Chief Financial Officer and/or Director of several public companies listed on both the Toronto and London AIM stock exchanges.
Ewan Mason HBSc, MBA
•Mr. Mason began his career as a contract geologist working for a number of mining companies. Following receipt of his MBA in 1992, he embarked on a corporate banking career with the Bank of Nova Scotia, focusing on project financing. Recruited by Richardson Greenshields in 1995 (acquired by RBC in 1996), Mr. Mason rose to the role of Managing Director. In 2005, he was recruited by TD Securities to start up and head their mining investment banking team, which he led until May 2009.
Thomas McGrail
•Mr. McGrail has over 35 years of experience in the mining industry, most recently as Chief Operating Officer for Scorpo Mining. Prior to joining Scorpio, he was General Manager of the Mulatos Mine for Alamos Gold. His previous positions also include Vice-President of Operations for Aura Minerals with responsibility for their San Andres open-pit mine in Honduras and the Aranzazu underground mine in Mexico, consultant to Cia Minera de Caldas, S.A., General Manager for Desarrollo Minera de Nicaragua, S.A., and President and General Manager of HEMCO de Nicaragua, S.A.
Gordon Pridham
•Mr. Pridham is Principal of Edgewater Capital and sits on the public company boards of Newalta Corporation (Chairman Compensation), Titanium Corporation Inc. (Chairman), Orvana Minerals Corp., and Roxgold Inc. He is on the advisory board for Enertech Capital a Clean Tech Venture Fund. Recent activities include merger of US Silver with RX Gold as Chairman, sale of Norock Realty to Partners REIT as Chairman of the Special Committee, and sale of Western Prospector to CNNC as Chairman of the Special Committee. Mr. Pridham has over 25 years of experience in investment banking, capital markets and corporate banking. He has worked in New York, Calgary, Toronto and Hong Kong for global financial institutions and has financed and advised companies in public and private markets across a broad range of industry sectors. Mr. Pridham is a graduate of the University of Toronto and the Institute of Corporate Directors program.
Lorie Waisberg
•Mr. Waisberg is a corporate director currently serving as a director of, Chantrell Ventures Corp., Chemtrade Logistics Income Fund, Metalex Ventures Ltd., Primary Energy Recycling Corporation and Tembec Inc. Prior to retirement, Mr. Waisberg served as Executive Vice President, Finance and Administration of Co-Steel Inc., a steel manufacturer. Prior thereto, Mr. Waisberg practiced law with a major Canadian law firm. Mr. Waisberg is accredited as ICD.D by the Institute of Corporate Directors.