- Fortune Minerals has agreed to acquire a fully constructed silver mine in Colorado known as the Revenue Silver Mine (RSM) from Procon Resources.
- The RSM has measured and indicated resources of 16.3 million ounces of silver and inferred resources of 10.1 million ounces of silver.
- Fortune plans to ramp up production at the RSM to 400 tons per day, with opportunities to expand resources and production. Revenue from the sale of silver, gold, lead and zinc concentrates will help fund ongoing operations and future payments for the acquisition.
- The acquisition involves staged payments by Fortune totaling US$16 million cash and 32 million shares initially, plus deferred quarterly payments of US$34.5
This corporate presentation from Orvana Minerals Corp. provides an overview of the company's operations and financial performance. Orvana operates gold and copper mines in Bolivia and Spain, including its recently commissioned Upper Mineralized Zone deposit. The presentation summarizes Orvana's key assets and growth projects, financial results, production forecasts, and mineral reserve and resource estimates. It also outlines various risk factors and forward-looking statements regarding the company's plans and estimates.
- The document is Primero Mining Corp.'s third quarter report for 2013, which includes highlights of their financial and operating results.
- In Q3 2013, Primero produced 41,998 gold equivalent ounces, sold over 1 million ounces of silver, and earned a net income of $10.1 million.
- Total cash costs per ounce in Q3 2013 were $516 per gold equivalent ounce and $252 per gold ounce on a by-product basis, down significantly from the previous year.
Raymond James 35th Annual Institutional Investors ConferenceAgnico Eagle Mines
Raymond James 35th Annual Institutional Investors Conference presentation by Agnico Eagle Mines President and CEO Sean Boyd:
1) Agnico Eagle reported record annual gold production in 2013 of 1.1 million ounces at a total cash cost of $672 per ounce, lower than guidance.
2) Production is forecast to grow moderately through 2016 to 1.25 million ounces annually, from assets located in mining-friendly jurisdictions.
3) Capital spending is projected to remain below $1 billion annually through 2014-2016 to fund production growth from existing operations.
17 01-10 slw presentation final (for web & print)silverwheaton2016
This document provides cautionary statements regarding the use of forward-looking statements in the presentation. It notes that actual results could differ materially from what is presented. It strongly cautions readers to carefully review the cautionary notes in the presentation, particularly those regarding forward-looking statements, material assumptions, risk factors, and mineral reserve and resource estimates. The document aims to ensure readers are aware of the risks and uncertainties inherent in the information presented.
This document is Primero Mining Corp.'s year end and fourth quarter report for 2012. It discusses the company's financial results for 2012, including producing over 111,000 gold equivalent ounces and earning over $49 million in net income for the year. It also notes that in the fourth quarter, Primero entered into an agreement to acquire Cerro Resources NL and its Cerro Del Gallo development project in Mexico, which will diversify its asset base. The report provides highlights of Primero's financial and operating results for 2012 and discusses the company's focus on building a portfolio of precious metals assets in the Americas.
16 11-08 slw presentation final (for web & print)silverwheaton2016
This document provides an overview and summary of The High Margin Precious Metals Company. It cautions readers that forward-looking statements are subject to risks and uncertainties. It also cautions readers to carefully review cautionary notes regarding forward-looking statements and mineral reserve and resource estimates. The document then provides information on Silver Wheaton's business model, asset base, production growth forecast, partnerships, Canadian tax dispute, advantages over traditional miners and other streamers, and potential as silver supply declines in coming years.
This document is a presentation by The High Margin Precious Metals Company from December 2016. It contains cautionary statements regarding the use of forward-looking statements and notes the risks associated with relying on such statements. Readers are strongly cautioned to carefully review the risk factors contained in the presentation and in other Silver Wheaton regulatory filings.
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.
This corporate presentation from Orvana Minerals Corp. provides an overview of the company's operations and financial performance. Orvana operates gold and copper mines in Bolivia and Spain, including its recently commissioned Upper Mineralized Zone deposit. The presentation summarizes Orvana's key assets and growth projects, financial results, production forecasts, and mineral reserve and resource estimates. It also outlines various risk factors and forward-looking statements regarding the company's plans and estimates.
- The document is Primero Mining Corp.'s third quarter report for 2013, which includes highlights of their financial and operating results.
- In Q3 2013, Primero produced 41,998 gold equivalent ounces, sold over 1 million ounces of silver, and earned a net income of $10.1 million.
- Total cash costs per ounce in Q3 2013 were $516 per gold equivalent ounce and $252 per gold ounce on a by-product basis, down significantly from the previous year.
Raymond James 35th Annual Institutional Investors ConferenceAgnico Eagle Mines
Raymond James 35th Annual Institutional Investors Conference presentation by Agnico Eagle Mines President and CEO Sean Boyd:
1) Agnico Eagle reported record annual gold production in 2013 of 1.1 million ounces at a total cash cost of $672 per ounce, lower than guidance.
2) Production is forecast to grow moderately through 2016 to 1.25 million ounces annually, from assets located in mining-friendly jurisdictions.
3) Capital spending is projected to remain below $1 billion annually through 2014-2016 to fund production growth from existing operations.
17 01-10 slw presentation final (for web & print)silverwheaton2016
This document provides cautionary statements regarding the use of forward-looking statements in the presentation. It notes that actual results could differ materially from what is presented. It strongly cautions readers to carefully review the cautionary notes in the presentation, particularly those regarding forward-looking statements, material assumptions, risk factors, and mineral reserve and resource estimates. The document aims to ensure readers are aware of the risks and uncertainties inherent in the information presented.
This document is Primero Mining Corp.'s year end and fourth quarter report for 2012. It discusses the company's financial results for 2012, including producing over 111,000 gold equivalent ounces and earning over $49 million in net income for the year. It also notes that in the fourth quarter, Primero entered into an agreement to acquire Cerro Resources NL and its Cerro Del Gallo development project in Mexico, which will diversify its asset base. The report provides highlights of Primero's financial and operating results for 2012 and discusses the company's focus on building a portfolio of precious metals assets in the Americas.
16 11-08 slw presentation final (for web & print)silverwheaton2016
This document provides an overview and summary of The High Margin Precious Metals Company. It cautions readers that forward-looking statements are subject to risks and uncertainties. It also cautions readers to carefully review cautionary notes regarding forward-looking statements and mineral reserve and resource estimates. The document then provides information on Silver Wheaton's business model, asset base, production growth forecast, partnerships, Canadian tax dispute, advantages over traditional miners and other streamers, and potential as silver supply declines in coming years.
This document is a presentation by The High Margin Precious Metals Company from December 2016. It contains cautionary statements regarding the use of forward-looking statements and notes the risks associated with relying on such statements. Readers are strongly cautioned to carefully review the risk factors contained in the presentation and in other Silver Wheaton regulatory filings.
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.
- Revenue was lower than the previous year due to a 20% lower gold price and 10% lower production. However, production and revenue increased compared to the previous quarter.
- Higher grades are expected at Penasquito in the coming quarter, while lower grades are anticipated at Andacollo. Initial shipments from the new Mt. Milligan mine are also expected.
- The company remains in a strong financial position with $687 million in working capital and $350 million of undrawn credit as of the end of the quarter.
Investor presentation delivered by Silver Lake Resources' Managing Director Les Davis at the Gold Investment Symposium in Sydney, 8th and 9th October 2014
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Key highlights from 2016 include gold production of 394,253 ounces at an all-in sustaining cost of $960 per ounce sold and earnings from mine operations of $90 million. The presentation discusses Q3 2016 operating results and costs, preliminary 2017 guidance, the Campbell Pit plan for 2017, a focus on advancing the prospective Zone 58N, and safety performance.
Royal Gold held its annual meeting on November 16, 2016. In his presentation, President and CEO Tony Jensen discussed Royal Gold's strategy of investing in long-lived mining assets to generate cash flow and provide optionality. He highlighted recent transactions that expanded the portfolio, including increasing Royal Gold's interest in the Cortez mine. Jensen also emphasized Royal Gold's commitment to paying a growing dividend and disciplined capital allocation.
- Primero Mining Corp. is a Canadian precious metals producer focused on building a portfolio of assets in the Americas. It currently operates the San Dimas Mine in Mexico.
- In Q2 2012, production increased 22% compared to Q2 2011. Gold and silver production and sales exceeded the same period of the previous year.
- Net income was $15 million in Q2 2012 compared to $3.9 million in Q2 2011. Cash flows from operations were also higher.
- Based on year-to-date performance exceeding expectations, the company revised its 2012 production outlook upward by 10% to a range of 110,000-120,000 gold equivalent ounces.
This presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. Some key points:
- Detour Lake is Detour Gold's flagship asset with 16.4 million ounces of gold reserves and projected production of 525,000-545,000 ounces in 2016.
- Production is growing organically while costs are declining, with all-in sustaining costs expected to be $970-1,020 per ounce sold in 2016.
- The company is focused on optimizing operations at Detour Lake and pursuing organic growth opportunities through projects like West Detour and Zone 58N, as well as regional exploration properties.
- Detour Gold has significantly reduced debt since 2013 and aims to
This corporate presentation by Solaris Resources provides an overview of the company's copper and gold portfolio in the Americas, with a focus on its flagship Warintza project in Ecuador. Solaris was assembled by mining industry legend David Lowell and is led by an experienced management team with a track record of value creation. The presentation highlights Solaris' exploration potential, strong financial position, supportive institutional shareholders, and responsible approach to mining and community relations, exemplified by its innovative model with the Shuar Nation at Warintza.
The document provides an overview of the proposed joint venture transaction between Asanko Gold and Gold Fields. Key highlights include:
- Gold Fields will invest $165 million cash upfront and $20 million upon an agreed development milestone to form a 50/50 JV over Asanko's assets in Ghana.
- Asanko will use the funds to repay all outstanding debt of $164 million and emerge completely debt free.
- The transaction is expected to close in Q3 2018. Asanko will remain the manager and operator and receive a $6 million annual management fee.
- The JV provides Asanko with a strong balance sheet to fund future organic growth from the Asanko
Yamana Gold provided its third quarter 2016 results. Highlights included gold production of 305,581 ounces from continuing operations, in line with expectations. Costs were impacted by strengthening local currencies but cash flows increased from the prior year. Yamana remains on track to meet or exceed full-year guidance and has continued improving operations and developing projects like Cerro Moro and Suruca. Exploration success at existing mines also provides potential for further resource expansion.
Equinox Gold is a Canadian mining company with seven operating gold mines and construction underway at an eighth site, a multi-million-ounce gold reserve base and a clear path to achieve one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas, with two properties in the United States, one in Mexico and five in Brazil. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold’s portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Dalradian corporate presentation july 26 2012 finalDalradianResource
This investor presentation by The European Explorer discusses the company's acquisition of approximately 1.7 million hectares of mineral rights over four greenstone belts and a historic silver mining camp in Norway. It notes that the presentation contains forward-looking statements regarding the acquisition, future performance, mineral resource estimates and other projections that are based on certain assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially. The company disclaims any obligation to update forward-looking statements except as required by law.
Aveda energy investor presentation october 2012AvedaEnergy
This presentation provides an overview of Aveda Transportation and Energy Services to investors. It summarizes that Aveda is a growing provider of specialized oilfield hauling and rentals in the US and Western Canada. It also outlines Aveda's management team and board, capitalization details, balance sheet summary, and largest shareholders. The presentation contains forward-looking statements and identifies risks to projections.
The presentation summarizes Solaris Resources' portfolio of copper and gold projects in the Americas, with a focus on its flagship Warintza project in Ecuador. It discusses Solaris' management team which includes experienced mining executives, its strategic partners such as Equinox Gold, and its exploration programs led by David Lowell's protégé. The presentation also provides an overview of supportive policies and market conditions for mining in Ecuador under the new government.
The document provides an overview of Seabridge Gold Corporation and its key project, the KSM gold and copper mine in British Columbia, Canada. It summarizes that KSM is one of the largest undeveloped gold and copper reserves in the world, located in a mining-friendly jurisdiction with favorable logistics. A preliminary feasibility study outlines a large, long-life mine plan with strong economics. Seabridge has also earned social acceptance through agreements with local First Nations and support for employment and training. Recent drilling has discovered the Deep Kerr zone below the main deposit, containing over 2.5 times the average KSM copper grade.
Royal Gold reported its fiscal 2016 fourth quarter results on August 11, 2016. Centerra Gold will acquire Thompson Creek Metals, which owns the Mount Milligan mine where Royal Gold has a streaming agreement. The agreement will be amended to maintain equivalent value for Royal Gold. Production is expected to increase at several of Royal Gold's stream and royalty properties in 2016 and 2017, including Pueblo Viejo, Peñasquito, Wassa, and Prestea. Rainy River construction is 40% complete with production expected to begin in late 2017. Royal Gold had $517 million in available liquidity as of June 30, 2016 and generated $49.2 million in operating cash flow in the fourth quarter.
Equinox Gold Q2 Results and Corporate Update August 4 2021Equinox Gold Corp.
Equinox Gold provided an operational and financial update for Q2 2021. Key highlights included:
- Producing 122,656 ounces of gold and selling 124,712 ounces at an average realized price of $1,806 per ounce.
- Mine cash costs of $1,089 per ounce and AISC of $1,382 per ounce for the quarter.
- Net income of $325.7 million or $1.10 per share, and adjusted EBITDA of $52.4 million.
- Cash and equivalents of $333.9 million and net debt of $215.6 million at the end of June.
The company also provided an updated 2021 production and
Tony Jensen, President and CEO of BAML Canada Mining, discussed Royal Gold's strategy and vision. Royal Gold provides capital to mining companies in exchange for gold production from their mines. Royal Gold focuses on investing in long-lived, high-quality assets that produce mainly gold. It pays a growing dividend from the cash flow of its portfolio of streaming and royalty agreements on producing mines. Royal Gold aims to create long-term value for shareholders by leveraging gold prices and reserves through disciplined capital allocation.
GasLog Ltd. reported its financial results for the first quarter of 2013. Key highlights included the delivery of two new LNG carriers ahead of schedule, declaration of a $0.11 quarterly dividend, and profit of $5.9 million with EBITDA of $13.9 million. GasLog also accepted an offer for a $160 million loan to refinance an existing facility and for general corporate purposes. Time charter equivalent rates were $76,940 per day with 100% vessel utilization during the quarter.
Newmarket Gold Inc. reported its second quarter 2015 financial results on July 30, 2015. The company delivered strong results in the second quarter, with record first half 2015 gold production of 115,674 ounces. Newmarket also completed its transformational merger with Crocodile Gold Corp. in July 2015, establishing itself as a plus 200,000 ounce gold producer with assets in Australia. Operating cash costs and all-in sustaining costs for the second quarter were below guidance, due in part to cost management efforts and a weak Australian dollar.
This document discusses forward-looking statements and includes cautionary language regarding them. Specifically, it states that while the management believes expectations in forward-looking statements are reasonable, actual results may differ materially from what is projected. It identifies key risk factors that could cause such differences, including market prices, exploration successes, availability of capital/financing, and general economic conditions. The document directs readers to the company's public filings for more information.
- Premier reported strong 2013 annual results with cash flows of $833 million, up from $808 million in 2012. Cash on hand was $449 million.
- Production for 2013 was 57.7 thousand barrels of oil equivalent per day, up from 58.2 thousand in 2012.
- Six discoveries were made from seven exploration wells drilled in 2013, adding 40 million barrels of oil equivalent of resources.
- The company will focus investments on high-return projects while maintaining a strong balance sheet and reducing capital exposure to the Sea Lion project off the Falkland Islands.
- Revenue was lower than the previous year due to a 20% lower gold price and 10% lower production. However, production and revenue increased compared to the previous quarter.
- Higher grades are expected at Penasquito in the coming quarter, while lower grades are anticipated at Andacollo. Initial shipments from the new Mt. Milligan mine are also expected.
- The company remains in a strong financial position with $687 million in working capital and $350 million of undrawn credit as of the end of the quarter.
Investor presentation delivered by Silver Lake Resources' Managing Director Les Davis at the Gold Investment Symposium in Sydney, 8th and 9th October 2014
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Key highlights from 2016 include gold production of 394,253 ounces at an all-in sustaining cost of $960 per ounce sold and earnings from mine operations of $90 million. The presentation discusses Q3 2016 operating results and costs, preliminary 2017 guidance, the Campbell Pit plan for 2017, a focus on advancing the prospective Zone 58N, and safety performance.
Royal Gold held its annual meeting on November 16, 2016. In his presentation, President and CEO Tony Jensen discussed Royal Gold's strategy of investing in long-lived mining assets to generate cash flow and provide optionality. He highlighted recent transactions that expanded the portfolio, including increasing Royal Gold's interest in the Cortez mine. Jensen also emphasized Royal Gold's commitment to paying a growing dividend and disciplined capital allocation.
- Primero Mining Corp. is a Canadian precious metals producer focused on building a portfolio of assets in the Americas. It currently operates the San Dimas Mine in Mexico.
- In Q2 2012, production increased 22% compared to Q2 2011. Gold and silver production and sales exceeded the same period of the previous year.
- Net income was $15 million in Q2 2012 compared to $3.9 million in Q2 2011. Cash flows from operations were also higher.
- Based on year-to-date performance exceeding expectations, the company revised its 2012 production outlook upward by 10% to a range of 110,000-120,000 gold equivalent ounces.
This presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. Some key points:
- Detour Lake is Detour Gold's flagship asset with 16.4 million ounces of gold reserves and projected production of 525,000-545,000 ounces in 2016.
- Production is growing organically while costs are declining, with all-in sustaining costs expected to be $970-1,020 per ounce sold in 2016.
- The company is focused on optimizing operations at Detour Lake and pursuing organic growth opportunities through projects like West Detour and Zone 58N, as well as regional exploration properties.
- Detour Gold has significantly reduced debt since 2013 and aims to
This corporate presentation by Solaris Resources provides an overview of the company's copper and gold portfolio in the Americas, with a focus on its flagship Warintza project in Ecuador. Solaris was assembled by mining industry legend David Lowell and is led by an experienced management team with a track record of value creation. The presentation highlights Solaris' exploration potential, strong financial position, supportive institutional shareholders, and responsible approach to mining and community relations, exemplified by its innovative model with the Shuar Nation at Warintza.
The document provides an overview of the proposed joint venture transaction between Asanko Gold and Gold Fields. Key highlights include:
- Gold Fields will invest $165 million cash upfront and $20 million upon an agreed development milestone to form a 50/50 JV over Asanko's assets in Ghana.
- Asanko will use the funds to repay all outstanding debt of $164 million and emerge completely debt free.
- The transaction is expected to close in Q3 2018. Asanko will remain the manager and operator and receive a $6 million annual management fee.
- The JV provides Asanko with a strong balance sheet to fund future organic growth from the Asanko
Yamana Gold provided its third quarter 2016 results. Highlights included gold production of 305,581 ounces from continuing operations, in line with expectations. Costs were impacted by strengthening local currencies but cash flows increased from the prior year. Yamana remains on track to meet or exceed full-year guidance and has continued improving operations and developing projects like Cerro Moro and Suruca. Exploration success at existing mines also provides potential for further resource expansion.
Equinox Gold is a Canadian mining company with seven operating gold mines and construction underway at an eighth site, a multi-million-ounce gold reserve base and a clear path to achieve one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas, with two properties in the United States, one in Mexico and five in Brazil. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold’s portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Dalradian corporate presentation july 26 2012 finalDalradianResource
This investor presentation by The European Explorer discusses the company's acquisition of approximately 1.7 million hectares of mineral rights over four greenstone belts and a historic silver mining camp in Norway. It notes that the presentation contains forward-looking statements regarding the acquisition, future performance, mineral resource estimates and other projections that are based on certain assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially. The company disclaims any obligation to update forward-looking statements except as required by law.
Aveda energy investor presentation october 2012AvedaEnergy
This presentation provides an overview of Aveda Transportation and Energy Services to investors. It summarizes that Aveda is a growing provider of specialized oilfield hauling and rentals in the US and Western Canada. It also outlines Aveda's management team and board, capitalization details, balance sheet summary, and largest shareholders. The presentation contains forward-looking statements and identifies risks to projections.
The presentation summarizes Solaris Resources' portfolio of copper and gold projects in the Americas, with a focus on its flagship Warintza project in Ecuador. It discusses Solaris' management team which includes experienced mining executives, its strategic partners such as Equinox Gold, and its exploration programs led by David Lowell's protégé. The presentation also provides an overview of supportive policies and market conditions for mining in Ecuador under the new government.
The document provides an overview of Seabridge Gold Corporation and its key project, the KSM gold and copper mine in British Columbia, Canada. It summarizes that KSM is one of the largest undeveloped gold and copper reserves in the world, located in a mining-friendly jurisdiction with favorable logistics. A preliminary feasibility study outlines a large, long-life mine plan with strong economics. Seabridge has also earned social acceptance through agreements with local First Nations and support for employment and training. Recent drilling has discovered the Deep Kerr zone below the main deposit, containing over 2.5 times the average KSM copper grade.
Royal Gold reported its fiscal 2016 fourth quarter results on August 11, 2016. Centerra Gold will acquire Thompson Creek Metals, which owns the Mount Milligan mine where Royal Gold has a streaming agreement. The agreement will be amended to maintain equivalent value for Royal Gold. Production is expected to increase at several of Royal Gold's stream and royalty properties in 2016 and 2017, including Pueblo Viejo, Peñasquito, Wassa, and Prestea. Rainy River construction is 40% complete with production expected to begin in late 2017. Royal Gold had $517 million in available liquidity as of June 30, 2016 and generated $49.2 million in operating cash flow in the fourth quarter.
Equinox Gold Q2 Results and Corporate Update August 4 2021Equinox Gold Corp.
Equinox Gold provided an operational and financial update for Q2 2021. Key highlights included:
- Producing 122,656 ounces of gold and selling 124,712 ounces at an average realized price of $1,806 per ounce.
- Mine cash costs of $1,089 per ounce and AISC of $1,382 per ounce for the quarter.
- Net income of $325.7 million or $1.10 per share, and adjusted EBITDA of $52.4 million.
- Cash and equivalents of $333.9 million and net debt of $215.6 million at the end of June.
The company also provided an updated 2021 production and
Tony Jensen, President and CEO of BAML Canada Mining, discussed Royal Gold's strategy and vision. Royal Gold provides capital to mining companies in exchange for gold production from their mines. Royal Gold focuses on investing in long-lived, high-quality assets that produce mainly gold. It pays a growing dividend from the cash flow of its portfolio of streaming and royalty agreements on producing mines. Royal Gold aims to create long-term value for shareholders by leveraging gold prices and reserves through disciplined capital allocation.
GasLog Ltd. reported its financial results for the first quarter of 2013. Key highlights included the delivery of two new LNG carriers ahead of schedule, declaration of a $0.11 quarterly dividend, and profit of $5.9 million with EBITDA of $13.9 million. GasLog also accepted an offer for a $160 million loan to refinance an existing facility and for general corporate purposes. Time charter equivalent rates were $76,940 per day with 100% vessel utilization during the quarter.
Newmarket Gold Inc. reported its second quarter 2015 financial results on July 30, 2015. The company delivered strong results in the second quarter, with record first half 2015 gold production of 115,674 ounces. Newmarket also completed its transformational merger with Crocodile Gold Corp. in July 2015, establishing itself as a plus 200,000 ounce gold producer with assets in Australia. Operating cash costs and all-in sustaining costs for the second quarter were below guidance, due in part to cost management efforts and a weak Australian dollar.
This document discusses forward-looking statements and includes cautionary language regarding them. Specifically, it states that while the management believes expectations in forward-looking statements are reasonable, actual results may differ materially from what is projected. It identifies key risk factors that could cause such differences, including market prices, exploration successes, availability of capital/financing, and general economic conditions. The document directs readers to the company's public filings for more information.
- Premier reported strong 2013 annual results with cash flows of $833 million, up from $808 million in 2012. Cash on hand was $449 million.
- Production for 2013 was 57.7 thousand barrels of oil equivalent per day, up from 58.2 thousand in 2012.
- Six discoveries were made from seven exploration wells drilled in 2013, adding 40 million barrels of oil equivalent of resources.
- The company will focus investments on high-return projects while maintaining a strong balance sheet and reducing capital exposure to the Sea Lion project off the Falkland Islands.
Exterran Holdings, Inc. provides compression, production and processing, and equipment products and services on a global basis. It has a large installed base of compression equipment in the United States and is leveraged to growth in North American shale plays. The company is executing on initiatives to improve operations and grow its businesses. It also recently announced an acquisition and intends to continue offering assets to Exterran Partners to maximize value.
Financial Year 2013: Media and Analyst's ConferenceCompany Spotlight
Implenia reported record figures for FY2013 with consolidated revenue increasing 9.2% to CHF 3.057 billion and consolidated profit rising 7.5% to CHF 83 million. The company's order intake also increased 8.5% to CHF 3.317 billion. Implenia's strategy of "Daring to Shape our Future" focused on customers, employees, and internationalization has set the company on a course for continued growth and success.
This silver producer operates two mines in Mexico, producing silver, gold, lead, and zinc. It has a strong balance sheet with no debt and $21.8 million in cash. Key objectives for 2014 include producing between 3.1-3.2 million ounces of silver at a cash cost of $11-12 per ounce, reducing costs, ramping up production at the San Ignacio project, and pursuing acquisition opportunities in Latin America. The company sees opportunity for production growth through developing satellite deposits near current operations.
Premier Oil reported its 2014 half-yearly results. Production increased to 64.9 kboepd, up from guidance of 58-63 kboepd. Operating cash flow was $499 million. Capital expenditure was $506 million, focused on development projects like Solan and exploration. Premier aims to deliver further production and cash flow growth while strengthening its balance sheet through asset sales and refinancing.
This document provides an overview of the Bucher Group, which consists of five divisions: Kuhn Group, Bucher Municipal, Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials. The Kuhn Group division is the largest and specializes in agricultural machinery. It had net sales of CHF 1.3 billion in 2013 and employs 4,699 people. The Kuhn Group has the number one global market position in forage harvesting machinery and feed mixers. It offers a complete product range of agricultural machinery under one brand.
The document provides an overview of Cypress Development Corp., a lithium exploration company advancing projects in Nevada. Key points include:
- Discovery of a 2km zone of lithium-rich claystones averaging 1,100ppm Li on Cypress' Glory project in Clayton Valley, Nevada.
- Leach tests on claystone samples show 95% recovery of lithium using a weak acid method.
- Planned drilling program at Glory to target lithium-rich brines and claystones, with potential to estimate resources.
- Cypress also holds the Dean project adjacent to producing lithium mines in Clayton Valley and the Alkali Valley project in Esmeralda County.
Aura Minerals Corporate Presentation- May 2014DeniseFlo
This presentation provides an overview of Aura Minerals Inc. as of May 2014. It discusses the company's assets which include producing gold mines in Brazil, Honduras, and Mexico, as well as advanced copper and gold projects. It provides 2014 guidance for gold and copper production and cash costs. The presentation also highlights that the company is executing two transformational projects - expanding capacity at its Aranzazu copper mine in Mexico from 2,600 tonnes per day to 4,500 tonnes per day.
- Primero Mining Corp.'s third quarter 2012 report discusses operations at its sole producing property, the San Dimas mine in Mexico.
- Key highlights include gold and silver production of 18,892 ounces and 1.14 million ounces respectively in Q3 2012.
- Cash costs per gold equivalent ounce were $699, while cash costs per gold ounce on a by-product basis were $363.
- Net income was $11.6 million, while adjusted net income was $2.6 million.
- Subsequent events include receiving a tax ruling confirming its Mexican subsidiary's silver sales revenue recognition and announcing a mine expansion project at San Dimas.
A 25 slide overview of BeMetals' exciting gold exploration in Japan, its zinc focused development asset in Idaho and their tier 1 targeted copper exploration on the western extension of the Zambian Copperbelt.
A 25 slide overview of BeMetals' exciting gold exploration in Japan, its zinc focused development asset in Idaho and their tier 1 targeted copper exploration on the western extension of the Zambian Copperbelt.
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.
Eric sprott australia gold symposium november 2011Symposium
The document discusses the changing fundamentals of gold and silver markets over the past decade. It notes that central banks have shifted from being net sellers of gold to being net buyers. Physical gold demand from sources like exchange-traded funds, China, and India has increased substantially. For silver, mine production has increased but physical investment demand, excluding jewelry, has grown rapidly as well. The document analyzes shifts in the precious metals markets that have contributed to higher prices.
18 03-26 april presentation final (for web & print)silverwheaton2016
The document discusses Wheaton Precious Metals, a streaming company that provides upfront capital to mining companies in exchange for silver and gold production. It notes the benefits of streaming to mining companies, including being non-dilutive, improving project returns, and allowing mining companies to retain operational control. The document also discusses Wheaton's high-quality asset portfolio, low costs, production growth outlook, and initiatives to support communities near partner mines through its CSR program.
A 25 slide overview of BeMetals' exciting gold exploration in Japan, its zinc focused development asset in Idaho and their tier 1 targeted copper exploration on the western extension of the Zambian Copperbelt.
The document provides an overview of Western Copper and Gold Corporation and its Casino copper-gold project in Yukon, Canada. It summarizes that Casino is one of the largest copper-gold projects in Canada, located in an emerging mining district with government support. It also highlights the recent strategic investment from Rio Tinto and Western Copper's commitment to environmental, social and governance standards.
Lundin Gold provided a corporate presentation in June 2021 that included the following key points:
- The company is on track to meet 2021 production guidance of 380,000-420,000 ounces of gold.
- Probable gold reserves at Fruta del Norte increased 5% to 5.24 million ounces.
- Exploration drilling is ongoing to expand resources at Fruta del Norte and test regional targets.
- Construction projects and the mill throughput expansion remain on schedule.
Lundin Gold provided a corporate presentation in June 2021 that included the following key points:
- The company is on track to meet 2021 production guidance of 380,000-420,000 ounces of gold.
- Probable gold reserves at Fruta del Norte increased 5% to 5.24 million ounces.
- Exploration drilling is ongoing to expand resources at Fruta del Norte and test regional targets.
- Construction projects and the mill throughput expansion remain on schedule.
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
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company focused on its Detour Lake mine in Ontario, Canada. Detour Gold became a gold producer in 2013 after completing construction of its Detour Lake open pit mine, which contains over 15 million ounces of gold reserves. The company aims to become a leading intermediate gold producer through optimizing operations at Detour Lake, pursuing organic growth opportunities on its large land package, and prioritizing shareholder value and safe operations.
Inca One Corporate Presentation October 2017MomentumPR
Inca One Gold Corp. (TSX-V: IO) is a Canadian-based mineral resource company and mineral processing company with a gold milling facility in Peru, servicing government-permitted small-scale miners. A highly mineral-rich country, Peru is one of the world’s top producers of gold, silver, copper and zinc, with substantial production coming from small scale miners who need government permitted milling facilities to process their gold bearing material (such as the Company’s Chala plant).
The document discusses BeMetals Corp., a company focused on becoming a leading base and precious metals producer. It highlights BeMetals' management team which includes top mine finders and builders who have collectively discovered over 34 million ounces of gold. BeMetals has secured $25 million to date including a $7.5 million investment from strategic investor B2Gold Corp. BeMetals is well financed to deliver potential near-term catalysts from ongoing exploration programs at its Kazan Gold Project in Japan and other projects.
A 24 slide overview of BeMetals' exciting gold exploration in Japan, its zinc focused development asset in Idaho and tier 1 targeted copper exploration along the western extension of the Zambian Copperbelt.
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
Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 YearsCompany Spotlight
The document summarizes Cypress Development Corp's Clayton Valley lithium project in Nevada. Key points include:
- A Preliminary Economic Assessment shows promising economics including a 32.7% IRR and $1.45 billion NPV.
- Measured and indicated resources total 8.9 million tonnes LCE with additional inferred resources.
- The project has the potential for low-cost production due to favorable geology and metallurgy.
- Upcoming catalysts in 2019 include a metallurgical study and prefeasibility study to further de-risk the project.
Aben Resources has made a new high-grade gold discovery at its flagship Forrest Kerr project in BC's Golden Triangle region. The region is known for major gold deposits and saw $100 million in exploration spending in 2017. Recent improvements have made the Forrest Kerr project more accessible via new roads. Aben's technical team has reinterpreted historical data and identified additional exploration targets. The project covers over 23,000 hectares of prospective geology along the Forrest Kerr fault zone that is similar to other major deposits in the Golden Triangle.
Aben Resources has discovered high-grade gold zones at its Forrest Kerr project in British Columbia's Golden Triangle. The first hole of the 2018 drill program intersected four separate high-grade gold zones within 190 metres, including 331.0 g/t Au over 1.0 metre. Aben plans to expand drilling at the Boundary North Zone and test other gold anomalies identified through soil sampling. The company also holds the Justin project in Yukon and Chico project in Saskatchewan near recent discoveries.
Cypress Development Corp. owns lithium claims in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. A preliminary economic assessment found the project could have a 32.7% IRR and $1.45 billion NPV. The project would extract lithium from claystone using leaching and have average annual production of 24,042 tonnes of lithium carbonate over 40 years. Capital costs are estimated at $482 million to build a 15,000 tonne per day operation.
The document discusses Aben Resources Ltd., a gold exploration company with projects in British Columbia's Golden Triangle region and other areas of Western Canada. It provides an overview of Aben's management team and directors, flagship Forrest Kerr project, recent drilling results showing new high-grade gold discoveries, and its strategy to advance exploration through 2018. The document also briefly outlines Aben's other projects including the Chico gold project in Saskatchewan and Justin gold project in Yukon.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters thick. A maiden resource estimate calculated 3.287 million tonnes of lithium carbonate equivalent in the indicated category and 2.916 million tonnes LCE in inferred. Metallurgical tests show the claystone is acid leachable and able to recover over 80% of the lithium. Cypress plans additional drilling, engineering studies, and permitting to advance the project towards production.
- Aben Resources has three highly prospective gold projects in Western Canada including its flagship Forrest Kerr Project in BC's Golden Triangle region, which had recent drilling success expanding the Boundary North Zone.
- Management has over 100 years of combined experience in Western Canada and a proven track record of success.
- The projects have significant historic work identifying high-grade gold and robust discovery potential remains.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters. A maiden resource estimate classified over 1.3 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is leachable with over 80% lithium recovery. Cypress aims to advance the project with engineering studies and further drilling to define resources with the goal of becoming a domestic lithium producer for the growing battery market.
The document provides forward-looking statements and discusses risks associated with such statements. It notes that some statements may be deemed forward-looking and lists factors that could cause actual results to differ from forward-looking statements. The document also identifies the qualified person for the technical information as Cornell McDowell and provides Aben's trading symbols and recent share information.
The document provides an overview of Aben Resources Ltd., a mineral exploration company with gold projects in Western Canada. It summarizes Aben's three key projects - Forrest Kerr in BC's Golden Triangle region with recent drill results discovering the Boundary Zone, Chico in Saskatchewan near producing mines, and Justin in Yukon's White Gold district. It outlines the management team's expertise and provides company details like shares outstanding and trading symbols.
- Cypress Development Corp owns the Clayton Valley lithium project in Nevada located near Albemarle's Silver Peak lithium brine operation.
- Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes drilled.
- Metallurgical tests show the claystone is acid leachable with over 80% lithium extraction possible.
- Cypress aims to define a resource estimate in 2018 and advance the project with feasibility studies to develop a lithium operation.
The document discusses forward-looking statements and provides disclaimers about them. It introduces the qualified person for the technical information presented. It also lists Aben's trading symbols and recent share information including price and market capitalization.
1) Cypress Development Corp owns the Clayton Valley lithium project located next to Albemarle's Silver Peak mine in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging over 900 ppm Li to a depth of over 100 meters.
2) A maiden resource estimate classified over 1.5 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is acid leachable to extract over 80% of the lithium.
3) The project is located in a strategic location to supply the growing lithium-ion battery market in the US, with lithium demand accelerating due to the increased production of electric vehicles globally.
TerraX Minerals is a Canadian mineral exploration company focused on exploring and developing its 100% owned 772 square km Yellowknife City Gold project located adjacent to the city of Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts and has had multiple high-grade gold discoveries. TerraX has a strong management team with experience discovering and developing gold deposits and low exploration costs due to the project's excellent infrastructure and year-round access near Yellowknife.
This document discusses forward-looking statements and provides information about Aben Resources Ltd., including its stock symbols, shares outstanding, recent share price, market capitalization, and three gold exploration projects in Western Canada. It summarizes the management team's experience and the company's investment highlights. Specifically, it owns the Forrest Kerr gold project in British Columbia's Golden Triangle region, which saw successful drilling results in 2017 that led to a new discovery called the North Boundary zone.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, process engineering, and a preliminary economic assessment in 2018 to advance the project. The company sees potential for the project given growing lithium demand from electric vehicles and batteries.
TerraX Minerals is a Canadian mineral exploration company focused on exploring its 100% owned 772 square km Yellowknife City Gold project located near Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts with known deposits and past producers. TerraX has made multiple high-grade gold discoveries on the property and identified several high-priority targets for further exploration and drilling. The company has a strong management team with experience discovering and developing deposits in the region.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada that have the potential to be a significant lithium resource. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical testing shows the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to further define the resource potential.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to evaluate the project's potential.
Cypress Development Corp is exploring for lithium resources in Clayton Valley, Nevada. Recent drilling has encountered lithium-bearing claystone up to 112 meters below surface, with grades averaging over 800 ppm lithium. Metallurgical testing indicates 80% of the lithium can be extracted using a weak sulfuric acid solution. Cypress plans additional drilling in 2018 and expects to publish a initial lithium resource estimate in Q1 2018 to advance the project towards a preliminary economic assessment. The project is located near existing lithium production and infrastructure to be a potential new supply of lithium for the growing battery market.
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6. 6
Agreement to acquire 100% of fully constructed silver mine in Colorado
Fully permitted & constructed mine, concentrator & surface facilities ramping up to 400 tons per day with
first concentrate produced in April 2014
Measured & Indicated Resources 16.3 million ozs Ag & Inferred Resources 10.1 million ozs of Ag
Resources of 215,300 tons classified as Measured, 586,300 tons as Indicated & 684,200 tons as Inferred
Significant Resource upside
Opportunities to add resources & extend mine life from 2 main veins beyond currently identified resources, 5
other mineralized veins intersected by Revenue Tunnel, potential processing of 700,000 tons of stockpiles as
well as regional acquisition opportunities
Staged transaction to maximize returns & minimize risks to Fortune shareholders
Acquisition costs of 32 million common shares, US$ 16 million of cash payments of US$ 34.5 to US$ 36.8
million in deferred quarterly payments over 6.5 years & assumption of US$ 4.5 million of payments as well as
2% net smelter return royalty capped at US$ 9 million
Issuance of shares and cash payment of US$ 2 million have been completed to acquire an initial 12% interest
100% interest upon payment of US$14 million by the end of July, 2014 subject to promissory note to make
deferred payments
7. 7
Production of silver, gold, lead & zinc
Lead & Zinc concentrates containing silver sold to Teck Resources smelter in Trail, BC
Gravity gold sold to Johnson Matthey in Salt Lake City, Utah
Potential to produce copper concentrate for sale to Asia & increase revenue payments
Potential to negotiate recovery of other metals
Virginius Vein
Concentrate
Bagging
8. 8
Source: Metal Economics Group
- 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000
Endeavour Silver Corp. - El
Cubo
Endeavour Silver Corp. -
Bolanitos
Fortune Minerals - Revenue
Mine
Excellon Resources Inc. -
Miguel Auza
Scorpio Mining Corp. -
Nuestra Senora
Silvercrest Mines Inc. - El
Octo
Great Panther Silver Ltd -
Guanajuato District
United Silver Corp. - Cresent
Mine
Great Panther Silver Ltd -
Topia
Total Silver Equivalent Ounces by Silver Mine
Proven and Probable Oz. Measured and Indicated Oz. Inferred Oz.
Source: SNL Metals & Mining and Company Reports. Silver equivalent ounces for 2014 are established using prices of US$21.50 per
Ag oz, US$1,350 per Au oz (60:1 ratio), US$1.00 per Zn lb and US$1.00 per Pb lb
9. 9
Source: SNL Metals & Mining and Company Reports. Silver equivalent ounces for 2014 are established using prices of US$21.50 per
Ag oz, US$1,350 per Au oz (60:1 ratio), US$1.00 per Zn lb and US$1.00 per Pb lb
1.3 1.8 2.1 2.2 2.3
3.4
4.7 5.0
6.5
7.7
8.3 8.8
15.2
16.5
17.7 17.7
25.6
0.0
5.0
10.0
15.0
20.0
25.0
30.0
AgEqGrade(Troyoz/t)
Silver Equivalent grade (Troy oz/t) for comparable companies
10. 10
Source:CapitalIQ,May2014
Public Companies
Market Cap
(C$M)
EV
(C$M)
EBITDA (C$) P / CF EV / EBITDA NAV*
(C$M)
P / NAV
2014E 2015E 2014E 2015E 2014E 2015E
Primero Mining Corp. 1127 1156 120.5 186.9 10.3x 7.2x 9.6x 6.2x 799.9 1.4x
Fortuna Silver Mines Inc. 541 491 72.0 93.5 9.4x 7.0x 6.8x 5.3x 540.4 1.0x
Endeavour Silver Corp. 469 465 68.8 69.7 8.1x 7.0x 6.8x 6.7x 408.8 1.1x
MAG Silver Corp. 465 438 -8.8 -8.3 NM NM NM NM 662.6 0.7x
Mandalay Resources Corp. 337 315 84.5 87.1 4.5x 4.7x 3.7x 3.6x 351.0 1.0x
Silvercrest Mines Inc. 220 204 29.5 46.4 8.2x 6.0x 6.9x 4.4x 261.8 0.8x
Great Panther Silver Ltd 150 128 16.0 NM 12.4x 7.1x 8.0x NM 117.0 1.3x
Bear Creek Mining Corp. 140 86 -18.6 6.1 NM NM NM 14.1x 535.9 0.3x
Alexco Resource Corporation 88 80 -9.8 -3.3 5.6x 8.1x NM NM 85.3 1.0x
Excellon Resources Inc. 75 67 NM NM NM NM NM NM NA NA
Scorpio Mining Corp. 52 33 NM NM 3.1x 2.1x NM NM 180.7 0.3x
Aurcana Corporation 52 81 12.4 28.1 10.6x 3.2x 6.5x 2.9x NA NA
U.S. Silver & Gold Inc. 39 37 10.1 10.1 4.5x 4.5x 3.6x 3.6x 60.6 0.6x
Revett Mining Company, Inc. 35 28 NM NM NM NM NM NM NA NA
Min 3.1x 2.1x 3.6x 2.9x 60.6 0.3x
Max 12.4x 8.1x 9.6x 14.1x 799.9 1.4x
Median 8.1x 6.5x 6.8x 4.8x 351.0 1.0x
Average 7.7x 5.7x 6.5x 5.8x 364.0 0.9x
*Note: Analyst average estimate; all market data as of May 11, 2014.
11. Located in southwest Colorado, USA, 11 km south of town of Ouray (pop. 1,000), 58 km from Montrose
(pop. 19,000) & 490 km southwest of Denver
Extensivehistoryof underground miningin area datingback to 19th century
Mine has strong community support & pool of skilled miners
Warehouse facilitiesin Ouray to service mine & stageworkers to site
11
Denver
Ouray
Ouray, Colorado
12. Compact site layout
Excellentinfrastructure near highwaywith
county maintainedroad to mine
Connection to Colorado electrical grid with
excess capacityto allow for growth
Underground mine with electric & air powered
equipmentto reduce compressor & ventilation
requirements
Underground mill & concentrator to reduce
minefootprint
Externalcrushing plant for wasterock provided
to County for aggregate
Tailsfiltered & dry stacked
12
Revenue Mine – Surface Infrastructure
14. 14
Geology well understood & consists of narrow, steeply dipping high grade epithermal quartz-
carbonate veins with sulphides
Mineralization consists of tetrahedrite & freibergite (silver), gold, galena (lead), sphalerite (zinc),
chalcopyrite (copper) & pyrite
Sharp contact with andesite tuff wall rock that does not contain mineralization
Initial mining in Yellow Rose Vein near portal & Virginius Vein 2.3 km further to southwest
15. 15
Extensive geological database in Vulcan software includes historical & modern data 1880-2014
Virginius Vein - 257 drill holes, totalling 70,025.3 feet with 738 samples of vein, plus 2,225 chip
samples of vein, totalling 2,785.9 feet
Yellow Rose Vein - 124 drill holes, totalling 42,037.5 feet with 680 samples of vein, plus 10 chip
samples of vein, totalling 24.5 feet
Good continuity & alignment between historical workings with old & current drilling
Good ground conditions with no significant fracturing or faulting after vein emplacement
Vulcan Plan & Cross Section of Yellow Rose Vein
16. Resource estimate by SRK Mining Consultants (2014 report) to be reflected in NI-43-101 Technical Report
16
Area Category Tons
Ag
(opt)
Au
(opt)
Pb
(%)
Cu
(%)
Zn
(%)
Contained Metal
Ag
(M oz)
Au
(oz)
Pb
(M lb)
Cu
(M lb)
Zn
(M lb)
Revenue
Virginius
Indicated 485,600 26.95 0.044 4.30 0.25 1.37 13.1 21,000 41.8 2.4 13.3
Revenue
Virginius
Inferred 646,100 14.93 0.038 3.04 0.13 0.99 9.65 24,500 39.25 1.6 12.8
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources
estimated will be converted into Mineral Reserves. The Mineral Resource estimates include Inferred Mineral Resources that are normally considered too speculative
geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is also no certainty that Inferred
MineralResourceswillbeconvertedtoMeasuredandIndicatedcategoriesthroughfurtherdrilling,orintoMineralReserves, onceeconomicconsiderationsareapplied.
Mineralresourcetonnageandcontainedmetalhavebeenroundedtoreflecttheaccuracyoftheestimate,andnumbersmaynotaddduetorounding.
*Cut-off is based on a minimum total recovered metal based on a mining and milling cost provided by Silver Star Resources LLC of $150/t and diluted to a minimum
miningwidthof3feet.
Recovered block model metal value = (Ag oz/t • Ag recovery • US$/oz Ag) + (Au oz/t • Aurecovery • US$/oz Au)+ (2000 • Pb % / 100 • Pb recovery • US$/lb Pb) +
(2000 •Zn%/100 •Znrecovery •US$/lbZn).
The metal price and recovery assumptions include a silver (“Ag”) price of US$20/oz and recovery of 95%; gold (“Au”) price of US$1250/oz and recovery of 90%; a
copper(“Cu”)priceofUS$3.15/lbandrecoveryof80%;alead(“Pb”)priceofUS$1/lbandrecoveryof90%;andazinc(“Zn”)priceofUS$1/lbandrecoveryof85%.
ResourcesbySRKConsultingwithDorindaBairB.S.(Geology),CPG,MarkJorgensen,B.S.(metallurgy),MMSA,andJamesBeckP.E.asQualifiedPersonsforthepurposes
ofNationalInstrument43-101
17. 17
Resource estimate by SRK Mining Consultants (2014 report) to be reflected in NI-43-101 Technical Report
Area Category Tons
Ag
(opt)
Au
(opt)
Pb
(%)
Zn
(%)
Contained Metal
Ag
(M oz )
Au
(oz)
Pb
(M lb)
Zn
(M lb)
Yellow Rose Measured 215,300 10.08 0.034 1.71 1.69 2.17 6,400 7.37 7.28
Yellow Rose Indicated 100,700 10.92 0.036 1.96 1.74 1.10 4,000 3.95 3.5
Yellow Rose Measured & Indicated 316,100 10.35 0.035 1.79 1.71 3.27 10,490 11.31 10.78
Yellow Rose Inferred 38,100 11.01 0.025 1.69 0.92 0.49 700 1.28 0.701
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources
estimated will be converted into Mineral Reserves. The Mineral Resource estimates include Inferred Mineral Resources that are normally considered too speculative
geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is also no certainty that Inferred
Mineral Resources will be converted to Measured and Indicated categories through further drilling, or into Mineral Reserves, once economic considerations are
applied.Mineralresourcetonnageandcontainedmetalhavebeenroundedtoreflecttheaccuracyoftheestimate,andnumbersmaynotaddduetorounding.
*Cut-off is based on a minimum total recovered metal based on a mining and milling cost provided by Silver Star Resources LLC of $150/t and diluted to a minimum
miningwidthof3feet.
Recovered blockmodelmetalvalue=(Agoz/t •Agrecovery •US$/ozAg)+(Auoz/t •Aurecovery •US$/ozAu)+(2000•Pb%/100 •Pbrecovery •US$/lbPb)+
(2000 •Zn%/100 •Znrecovery •US$/lbZn).
The metalpriceandrecoveryassumptionsincludeasilver (“Ag”)price ofUS$20/oz andrecoveryof 95%; gold(“Au”)price of US$1250/ozandrecoveryof90%; alead
(“Pb”)priceofUS$1/lbandrecoveryof90%;andazinc(“Zn”)priceofUS$1/lbandrecoveryof85%.
Resources by SRK Consulting with Dorinda Bair B.S. (Geology), CPG, Mark Jorgensen, B.S. (metallurgy), MMSA, and James Beck P.E. as Qualified Persons for the
purposesofNationalInstrument43-101
18. 18
Existing Portal, Revenue Tunnel and Primary Veins
Yellow Rose Vein
Revenue Virginius Vein
Mine Portal UG Mill
Veins accessed from Revenue Tunnel ~7500 foot (2.3 km) long crosscut, plus ~1100 feet
(335 m) of drifting on 2 main veins
Internal winze ~600 feet deep (183 m) to access 700 & 550 Levels & dip extension of
Virginius Vein
Mining primarily by underground shrinkage methods to draw points for loading into tram
cars & transport to mill using electric locomotives
20. Areaofhigh grade goldshootsnot quantified inresourcemodel
Potentialproductionofcopperconcentrate
Upsideto add tonnage fromhorizontal&verticalprojectionofknownveins
Processbrokenmineralizedmaterialin surface&undergroundstockpilesfromhistoricalmining
5additional knownmineralizedveins intersectedby Revenue Tunnel are largely unexplored
Consolidationofsurrounding properties&past producersto provideadditional millfeed
20
Virginius Vein – Ore Production Zones
Area of initial development and production
Area of future exploration and development
21. Accretive & transformationalacquisitionthat transitions Fortune to producer with cash flow
Securing financingto fund second stage of acquisition
Completingexecution of transition planwith current owners & integratingmanagement team
Advancingmine plan& development to ensure sufficientmill feed
Complete transitionto 2 shifts
Develop minimumof 5 active stopes
Developing planfor winze & lower level rehabilitation
Completingramp up & improvements to millto improve performance
Regrind mill to improve zinc concentrate grade
Production of copper concentrate
Installjigsto re-process broken mineralized materialin surface & underground stockpiles
After achievingthroughput capacity& cash flow - Conduct exploration to identifynew
resources in mine & surrounding area
21
22. Significant deposit of gold, cobalt, bismuth
(12% of global reserves) & by-product copper
Vertically integrated project
Mine & concentrator in NT
Saskatchewan Metals Processing Plant
(SMPP) in SK to process concentrates
from mine to high value metal products
Bulk flotation concentrate consisting of 3.8%
of original ore contains the economic metals &
can be transported to SMPP for refining in a
lower cost location
Very advanced project with $110 million
already invested, including test mining & pilot
plant processing
2014 updated positive Feasibility Study
EA, Land Use Permit & Class A Water License
approvals received in NT & EA approval in SK
Advanced stage of negotiations with strategic
partner & banking syndicate for project
financing & planned production in 2017
22
23. Underground Mineral Reserves
Tonnes
(Thousands)
Au
(g/t)
Co
(%)
Bi
(%)
Cu
(%)
Proven 282 4.93 0.14 0.27 0.03
Probable 295 5.00 0.07 0.07 0.01
Total 577 4.96 0.10 0.17 0.02
Open Pit Mineral Reserves
Tonnes
(Thousands)
Au
(g/t)
Co
(%)
Bi
(%)
Cu
(%)
Proven 20,453 0.92 0.11 0.15 0.04
Probable 12,047 1.03 0.11 0.13 0.04
Total 32,500 0.96 0.11 0.14 0.04
Combined Mineral Reserves
Tonnes
(Thousands)
Au
(g/t)
Co
(%)
Bi
(%)
Cu
(%)
Proven 20,735 0.97 0.11 0.15 0.04
Probable 12,342 1.13 0.11 0.13 0.04
Total 33,077 1.03 0.11 0.14 0.04
Metal Contained 1.11 Moz 82.3 Mlb 102.1 Mlb 27.2 Mlb
Sums of the combined reserves may not exactly equal sums of the underground and open pit reserves due to rounding error.
23
The mineral reserve estimates were prepared by Eugene Puritch, P.Eng., Fred H. Brown, P.Geo., and James L. Pearson, P.Eng. of P&E, who are the Qualified Persons
responsible for the 2012 FEED mineral reserves as defined by NI 43-101.Procon identified additional high-grade mineral reserves outside of the open pit design from the
2012 P&E mineral resources and have been included into a combined mineral reserve statement. Henry Wulkan,., P.Eng. Manager of Projects for Procon is the Qualified
Person responsible for the additional underground mineral reserves as defined by NI-43-101.
25. Wide chemical & metallurgical market
applications in batteries, high strength alloys,
cutting tools, magnets, catalysts & pigments
High purity cobalt used in aerospace industry
Cobalt sulphate & oxide used in lithium ion &
nickel metal hydride batteries for electronic
devices & hybrid/electric vehicles
Chemicals account for 58% of worldwide cobalt
demand & is driving future cobalt consumption,
particularly in rechargeable batteries & catalysts
Cobalt market 94,000 tonnes & expected to
grow ~6% to 8% per year over next 5 years
42%
19%
9%
9%
7%
4% 3% 7%
Cobalt Consumption by End Use
2013
Battery Chemicals
(42%)
Superalloys (19%)
Hard Materials (9%)
Catalysts (9%)
Ceramics / Pigments
(7%)
25
29. 240,000
45,360 39,000
11,000 10,000 10,000 5,000
48,661
China Vietnam Other
Countries
Peru Mexico United
States
Canada NICO
World Bismuth Reserves (Tonnes)
Worldmarket ~15,000 to 20,000 tonnesper year
China principal sourceofbismuth, accounts for60% ofworldreserves&80%ofworldproduction
China closed20%ofits productiondue toenvironmental&mine safety issues– Policiestorestrict exports
NICOisWorld’slargest deposit -12%ofglobalreserves
NICOwillbe a reliable NorthAmericanvertically integratedproducer
World’s
largest
deposit
*
*Canada reserves exclude NICO
Source: USGS Industry Survey 2010 & Company market studies
29
80%
8%
6%
3%
1%
1% 1% 0%
0%
0%
China
Peru
Mexico
Japan
Kazakh
Bolivia
Canada
Russia
Roman
Bulgari
World Bismuth Mine Production (MT)
31. Traditionaluses inlowtemperature &fusiblealloys,cosmetics,chemicals, fireretardants &sprinklersystems
Newmarkets focusonnon-toxic,environmentally safereplacement forleadinplumbing &electronicsolders,
brass,steel&aluminum, ceramicglazes, hot dipgalvanizing, pigments &automotiveanti-corrosioncoatings&
windshieldfrits:
Globalframeworkto eliminate leadexpected to driveincreasedbismuth consumption
EuropeanREACH&RoHSlegislationto eliminatelead inelectronics
Leadbanned in USfromwetted surfacesofpotable drinking watersources(pipes, fixtures&solders)
Growing Number of Applications
Source: USGS Industry Survey
31
32. PositiveFeasibilityStudy with strong economics
Verticallyintegratedproject consistingofopenpit
&underground mine &millinNT&
hydrometallurgicalrefineryinSK
Lowcapital costsof$589 million
Negativecashcostforproducts net ofby-product
credits
Significantdetailed engineering reducing risk
Metalrecoveriesverifiedfrompilot plants;
Goldrecoveryrangesfrom56 to85%, withan
average:73.7%
Cobaltrecovery~84%
Bismuthrecovery:72%
Copperrecovery:41%
Feasibility Study Highlights – Base Case
Mine type Open pit with underground in 2nd year
Mining method
Open pit: conventional truck & loader
Underground: blasthole open stoping
Strip Ratio Waste to ore 3.0 : 1
Processing rate 4,650 tonnes of ore/day
Mine life 20 years (potential for additional 3.2)
Processing Processed to high value metal products
Levered pre-tax NPV (7%) $254 million
Levered pre-tax IRR 15.6%
Capital costs $589 million
LOM average revenue/yr $196 million
LOM average operating cost/yr $98 million
Cobalt operating cost (net of
credits)
Negative US$5.03/lb at Base Case
32Base Case Price assumptions are US$1,350/troy ounce (“oz”) for gold, US$16/pound (“lb”) for cobalt (US$19.04/lb in sulphate), US$10.50/lb for bismuth (US$12.64/lb bismuth in average
production of ingot, needles and oxide), and US$2.38/lb for copper at an exchange rate of C$1=US$0.88.
33. Annual Production
Metals Contained
3,560,400 lbs 41,360 oz 3,824,400 lbs 582,500 lbs
% of Revenue 39% 33% 27% 1%
Base Case Price assumptions are US$1,350/troy ounce (“oz”) for gold, US$16/pound (“lb”) for cobalt (US$19.04 cobalt/lb in sulphate), US$10.50/lb for bismuth (US$12.64/lb bismuth in
average production of combined ingot, needles and oxide), and US$2.38/lb for copper at an exchange rate of C$1 = US$ 0.88
33
$76
$63
$55
$2
0
10
20
30
40
50
60
70
80
90
100
Cobalt Sulphate Gold Bismuth Copper
Average Annual Revenues by Metal - Base Case
C$M
34. Permittingsubstantiallycomplete
EA’scompletedformine &SMPP
LandUse Permit&Class AWater Licenseapprovals
received
Advanced relationshipswith NT & Tlicho Governments
SignedCo-operativeRelationshipAgreement withTlicho
(aboriginal)Government
Infrastructure,Socio-Economic&Participation
Agreementsadvancing
Project Financing & Development
Deloitteengaged toadvise onprojectfinancing &
development optionstargeting project level joint venture
ProjectFinancing withstrategicpartner &banks advancing
Minorityequity investment
Commitmentto arrangedebt financing for
construction
Partnerto provideservicestooperationon
commerciallycompetitive terms
34
35. 35
Summary Highlights
One of the world’s premier metallurgical coal
development projects
JV partnership with South Korean steel producer
POSCO
Advanced project with $110 million of work
completed including test mining, pilot plant
processing & trial cargos
Positive Feasibility Study with robust economics
125 Mt of run of mine coal reserves will support
25+ years of production (small fraction of total
resource)
Railway transport of coal to Ridley Terminal in
Prince Rupert
Premium lump coal, ultra-low volatile PCI & sinter
products
CN collaborating on railway extension to Arctos
EA process advancing
36. M&I at 230 Mt - Small fraction of total global resource
Lost Fox deposit remains open for possible expansion - additional coal seams
Historical Resources include 2 Bn + tonnes in the Speculative class (1)
Area Measured Indicated M&I Inferred
Lost Fox 107.9 109.5 217.4 91.5
Hobbit-Broatch 13.5 13.5 258.4
Summit 9.6
Lost Fox Extension
Total 107.9 123.0 230.9 359.5
Coal Resources Run-of-Mine Coal Reserves 10% Ash Product Reserves
Measured Indicated Inferred Proven Probable Total Proven Probable
Total
Product
172.4 20.4 12.1 115.0 9.9 124.9 64.4 4.8 69.2
Historical Arctos Global Resources (million tonnes) (1)
Lost Fox Metallurgical Coal Reserves and Resources (million tonnes) (2)
(1) The Arctos Mineral Resource & Mineral Reserve estimates were prepared in 2002, 2005, & 2007, respectively, by Marston & Marston Inc. in compliance with NI 43-101. Richard Marston, P.E.
is the Qualified Person responsible for the estimates. Historical Resources include 2.2 billion tonnes in the Speculative class. The historical resource estimate was developed by Gulf in 1988 and
updated in 2002 by Marston-Golder to reflect changes in the estimation of Inferred Resources under Paper GSC 88-21. The Speculative portion of the resources is not compliant with current
reporting standards. A qualified person has not done the work necessary to classify the historical estimate of Speculative resources as current mineral resources under NI 43-101 and the estimate
should not be relied upon. Speculative Resources were developed based on estimated average coal thickness applied to the projected aerial extent of the coal. Further information regarding the
Arctos Coal Resource & Reserve estimates is available from the Company’s disclosures under the Company’s profile on the SEDAR website at www.sedar.com
(2) The 2012 DFS utilized updated Resource & Reserve estimates for the Lost Fox Deposit, which Edward Minnes, P.E. is the Qualified Person.
36
37. Arctos is one of the largest& most advanced Canadian projects of high rank anthracite coal
Highestquality metallurgicalcoalwithveryhigh carbon&energy content
Representsonly1%ofworldcoalreserves
Metallurgicalcoal with diverse applications
MetallurgicalReductants / charge carbon
Ultra-LowVol.PCI
Sinter
Otherproducts:
Filtermedia
Blendcoalwithcokingcoalformaking metallurgical coke
Directcokereplacement
Ureafertilizers,synthetic fuels&plastics
Heating&cookingbriquettes
Pelletizing
Premiumthermal coal
Cement
Foodprocessing
37
38. China became net coal importer of anthracite in 2004, coking coal in 2007 & all coals in 2009
Source: China Coal Resource Website, Bloomberg
38
$47 $45
$58
$125
$115
$98
$300
$129
$215
$291
$209
$160
-$200
-$100
$0
$100
$200
$300
$400
-200
-100
0
100
200
300
400
500
600
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
HardCokingCoalPrice(US$/t)
NetImports(Mt)
Coal & Anthracite Net Imports by China
Coal Net Imports (Mt)
Anthracite Net Imports (Mt)
Hard Coking Coal Price (US$/t)
39. Railway road bed largely constructed to mine site by BC Government
Project economics supports 150 km brownfield extension from Minaret
EA on railway extension underway as part of mine development
MOU advanced with CN to operate railway
Other parties interested in the rail – Dramatic reduction of railway cost to improve project economics
Existing railway right-of-way & road bed
39
40. Marston(Golder)FeasibilityStudy completedOctober2012 basedonrailtransportto port&diesel powersupply
Initial3 Mtpa productionfromLostFoxdeposit openpit mine, washplant &site infrastructure
69.2Mt ofproduct coalreserves– 25+ yearsproduction
Premiumultra-lowvolatile PCI product
Lifeofmine average FreeOnBoard(FOB)vessel cashcostC$127.61/tonne (US$121.22/tonne)
Recentoptimizationsinclude connectionto BCelectrical grid-Forecasttosave C$7/tonne
BASE CASE
Ultra-Low Volatile PCI
US$175/tonne (C$1 = US$0.95)
PRE-TAX AFTER TAX
IRR 17.0% 14.7%
NPV (8%) C$615.9 million C$405.8 million
Capital (Years 1-3) C$788.6 million
(includes railway capital)
$0.6
$1.2
$1.9
$2.5
$3.2
$3.8
$-
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$175/t $200/t $225/t $250/t $275/t $300/t
C$B
FOB Price (US$/t)
NPV - Pre-tax at 8%
The 2012 Feasibility Study was prepared by Golder-Marston in compliance with
NI 43-101. Mr. Edward (Ted) Minnes, P.E. is the Qualified Person responsible for the study.
40
42. Early
Exploration Target Testing
MineralResource
Engineering & Economic Studies
Construction
Initial
Production
Mine
Operation
42
ExplorationConcept
ClosureandReclamation
3 – 6 Years 6 – 7 Years
PEA PFS FS
MineralReserve
MINE
0.5 – 2 Years 5 – 25 Years
Arctos
Baseline Field Work & EAC Prep
EAO Review Process
Mine Permitting
Construction
Commissioning & Commercial
Production
Arctos Milestones to Production
Filing of EAC
Docs
Ministerial Decision
Process
43. 43
Revenue Mine
38 Moz Ag Eq.
contained
• Fully permitted & constructed producing underground mine ramping up to
400 tons / day
• High grade silver – By-product gold, lead & zinc
• Acquired on attractive terms, significant upside to Fortune shareholders
NICO Project
Over 1 Moz Au plus
cobalt, bismuth &
copper
• Late stage development project – positive Feasibility Study, test mining, pilot
plant and environmental assessments completed
• To be financed via strategic partner investment and project finance loan at
the project level – indicative proposals received from global banks
Arctos Project
World-class
metallurgical coal
deposit
• One of world’s premier metallurgical coal developments
• JV partner POSCO, one of the world’s largest steel producers, committed to
investing $181 million in the project
• Strategic options process underway to determine optimal strategy
Buildingthe next mid-tierdiversifiedproducer focusedon North America
44. Directors
Mahendra Naik, B Comm, CA Chairman, Director CFO Fundeco - Founding director & former CFO, IAMGOLD
George Doumet, MSc, MBA Honorary Chairman, Director Chemical Engineer – President & CEO, Federal White Cement
Robin Goad, MSc, PGeo President & CEO, Director Geologist - 30 yrs mining & exploration experience
David Knight, BA, LLB Secretary, Director Partner, Norton Rose Fulbright Canada LLP specializing in securities & mining law
James Excell, BASc Director Metallurgical Engineer – 35 yrs mining experience BHP-Billiton
James Williams, BSc Director Geologist – 30 yrs mining, oil & gas experience - CEO of Southwest Productions
The Honorable Carl L. Clouter Director Commercial pilot - Former owner of charter airline in NWT
Shou Wu (Grant) Chen, MSc, MBA Director Geologist – Former Deputy Chairman & CEO, China Mining Resources Group
Ed Yurkowski, BASc Director Civil Engineer & CEO Procon Mining & Tunneling
Management
Adam Jean, HBA, CPA, CA VP Finance & CFO Chartered Accountant previously with Ernst & Young LLP
Mike Romaniuk, BASc, PEng VP Operations & COO Geologist & Process Engineer – 25+ yrs engineering, mining & construction
experience primarily with Xstrata Nickel & Falconbridge
Bill Shepard, Ind. Mgt. Dipl. Logistics Manager 15 yrs experience in procurement & logistics
Richard Schryer, PhD Director Regulatory &
Environmental Affairs
Aquatic Scientist –20+ yrs experience in mine permitting & environmental
assessments
Mike Middaugh Project Controls Manager 20 yrs major construction & project management
Keith Lee, BSc Senior Process Engineer 25 yrs operations, engineering & mineral processing experience
Carl Kottmeier, BASc, MBA, PEng Project Manager Mining Engineer – 25 yrs engineering & operations experience
Seok Joon Kim, MASc, PEng Senior Mining Engineer Mining Engineer – 10+ years operations & engineering experience
Dianna Stoopnikoff, AScT Environmental Relations Manager 15 yrs environmental & health and safety experience primarily in BC mining
Fiona Brekelmans, BAcc (Hon), CPA CA Controller 7 yrs accounting & audit experience, previously with Ernst & Young LLP
44