The document provides an overview of Yamana Gold's investor day presentation, noting that it contains forward-looking statements and cautionary notes regarding mineral reserves and resources as well as mineral reserve reporting for US investors. The presentation agenda outlines topics on health, safety, strategy, operations, projects, and the balance sheet to be covered.
Osisko is the leading growth-oriented royalty company, with over 160 royalties, streams and offtakes focused in North America. It has a high-quality portfolio that is on track to deliver leading growth within the royalty sector. Key assets include a 5% royalty on Canadian Malartic, Canada's largest gold mine. The portfolio is diversified across gold, silver and other commodities and is located in low-risk jurisdictions. Osisko has a strong ESG focus and aims to finance global decarbonization initiatives through carbon credit streaming. The company is well positioned to benefit from catalysts across its portfolio as many assets are moving toward development and expansion.
Auryn Resources Presentation - April 2020NatashaFrakes
The document provides an overview of Auryn Resources Inc. and its preliminary economic assessment for its Homestake Ridge gold project in British Columbia, Canada. Some key points:
- The PEA shows a 13-year mine life with average annual production of 590,000 ounces of gold equivalent and a pre-tax IRR of 32% and NPV of $173 million using a gold price of $1,620/ounce.
- Auryn has a portfolio of projects in Canada and Peru including its large Sombrero copper-gold project in southern Peru, which shows potential for porphyry copper-gold and copper-gold skarn deposits based on geophysical and geochemical surveys.
- Aur
The document provides an overview of Auryn Resources Inc. and summarizes a preliminary economic assessment for its Homestake Ridge gold project. Key highlights include:
- Indicated resource of 166,000 oz gold and 1.8M oz silver and inferred resource of 816,700 oz gold and 17.8M oz silver for Homestake Ridge.
- The PEA shows a pre-tax IRR of 23.6% and NPV of $108M at a gold price of $1,350/oz for Homestake Ridge.
- Auryn is also exploring two projects in Peru, Sombrero and Curibaya, which show potential for large copper-gold porphyry and high-grade
This document summarizes a preliminary economic assessment for Auryn Resource's Homestake Ridge Gold Project located in British Columbia, Canada. It notes that the PEA is preliminary in nature and includes inferred mineral resources considered too speculative to have demonstrated economic viability. It also contains cautionary statements regarding the assumptions and uncertainties in the PEA. Finally, it provides disclosure regarding the mineral resource estimates and differences in definitions between Canadian and U.S. standards.
The document provides an overview of Auryn Resources Inc. and its projects. It summarizes a preliminary economic assessment for the Company's Homestake Ridge gold project in British Columbia that shows a post-tax IRR of 23.6% and NPV of $108 million. It also describes the Company's Sombrero copper-gold project in southern Peru, which covers over 130,000 hectares of prospective exploration ground in a belt analogous to nearby major mines. Auryn plans to begin an initial drill program at Sombrero to test priority copper-gold targets defined through geophysics, geochemistry and geological mapping.
This investor presentation by Pan American Silver provides an overview of the company's operations and outlook. Key points include:
- Pan American is a leading silver producer with diversified mining assets in Mexico, Peru, Bolivia, and Argentina.
- Preliminary 2017 results show 25 million ounces of silver production at a cash cost of $4.55/oz, a 28% reduction from 2016.
- The company is growing low-cost production through mine expansions and new projects while maintaining a strong balance sheet and low-debt profile.
- Capital investments over the next few years will focus on sustaining existing operations and advancing projects like COSE in Argentina and Joaquin in Bolivia.
Equinox Gold is a Canadian mining company with six producing gold mines, commissioning underway at a seventh gold mine 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.
Equinox Gold is a Canadian mining company with eight operating gold mines, construction underway at a ninth site, a multi-million-ounce gold reserve base and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas with properties in Canada, the United States, Mexico and Brazil. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX.
Osisko is the leading growth-oriented royalty company, with over 160 royalties, streams and offtakes focused in North America. It has a high-quality portfolio that is on track to deliver leading growth within the royalty sector. Key assets include a 5% royalty on Canadian Malartic, Canada's largest gold mine. The portfolio is diversified across gold, silver and other commodities and is located in low-risk jurisdictions. Osisko has a strong ESG focus and aims to finance global decarbonization initiatives through carbon credit streaming. The company is well positioned to benefit from catalysts across its portfolio as many assets are moving toward development and expansion.
Auryn Resources Presentation - April 2020NatashaFrakes
The document provides an overview of Auryn Resources Inc. and its preliminary economic assessment for its Homestake Ridge gold project in British Columbia, Canada. Some key points:
- The PEA shows a 13-year mine life with average annual production of 590,000 ounces of gold equivalent and a pre-tax IRR of 32% and NPV of $173 million using a gold price of $1,620/ounce.
- Auryn has a portfolio of projects in Canada and Peru including its large Sombrero copper-gold project in southern Peru, which shows potential for porphyry copper-gold and copper-gold skarn deposits based on geophysical and geochemical surveys.
- Aur
The document provides an overview of Auryn Resources Inc. and summarizes a preliminary economic assessment for its Homestake Ridge gold project. Key highlights include:
- Indicated resource of 166,000 oz gold and 1.8M oz silver and inferred resource of 816,700 oz gold and 17.8M oz silver for Homestake Ridge.
- The PEA shows a pre-tax IRR of 23.6% and NPV of $108M at a gold price of $1,350/oz for Homestake Ridge.
- Auryn is also exploring two projects in Peru, Sombrero and Curibaya, which show potential for large copper-gold porphyry and high-grade
This document summarizes a preliminary economic assessment for Auryn Resource's Homestake Ridge Gold Project located in British Columbia, Canada. It notes that the PEA is preliminary in nature and includes inferred mineral resources considered too speculative to have demonstrated economic viability. It also contains cautionary statements regarding the assumptions and uncertainties in the PEA. Finally, it provides disclosure regarding the mineral resource estimates and differences in definitions between Canadian and U.S. standards.
The document provides an overview of Auryn Resources Inc. and its projects. It summarizes a preliminary economic assessment for the Company's Homestake Ridge gold project in British Columbia that shows a post-tax IRR of 23.6% and NPV of $108 million. It also describes the Company's Sombrero copper-gold project in southern Peru, which covers over 130,000 hectares of prospective exploration ground in a belt analogous to nearby major mines. Auryn plans to begin an initial drill program at Sombrero to test priority copper-gold targets defined through geophysics, geochemistry and geological mapping.
This investor presentation by Pan American Silver provides an overview of the company's operations and outlook. Key points include:
- Pan American is a leading silver producer with diversified mining assets in Mexico, Peru, Bolivia, and Argentina.
- Preliminary 2017 results show 25 million ounces of silver production at a cash cost of $4.55/oz, a 28% reduction from 2016.
- The company is growing low-cost production through mine expansions and new projects while maintaining a strong balance sheet and low-debt profile.
- Capital investments over the next few years will focus on sustaining existing operations and advancing projects like COSE in Argentina and Joaquin in Bolivia.
Equinox Gold is a Canadian mining company with six producing gold mines, commissioning underway at a seventh gold mine 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.
Equinox Gold is a Canadian mining company with eight operating gold mines, construction underway at a ninth site, a multi-million-ounce gold reserve base and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas with properties in Canada, the United States, Mexico and Brazil. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX.
- The corporate presentation discusses Ero Copper's position for high-margin organic growth and provides cautionary statements regarding the use of forward-looking information and statements.
- It notes that forward-looking statements are based on a number of estimates and assumptions that are inherently subject to risks and uncertainties that could cause actual results to differ materially from expectations.
- The presentation contains cautionary notes for US investors regarding the use of inferred resources that are required by Canadian regulations but not recognized by the SEC, and that inferred resources do not have demonstrated economic viability.
This corporate presentation discusses Osisko Gold Royalties Ltd's performance and portfolio:
- Osisko has generated over $700 million in cash and available credit with $221.7 million in investments and a steadily increasing dividend. Revenues have grown from $45.4 million to $62.7 million from 2015 to 2016.
- Osisko has a high quality portfolio of gold royalties focused on North America, including two premier producing assets in Quebec and Ontario. The portfolio provides cash flow from producing assets and optionality from over 50 exploration stage royalties.
- The presentation is intended to assist investors and includes forward-looking statements and cautions about mineral resource estimates according to Canadian versus U.S
- Osisko holds a presentation for the 2017 PDAC convention that discusses its gold royalty portfolio and business model.
- The presentation outlines Osisko's key producing assets which include Canadian Malartic, Eleonore, and Gibraltar, as well as its portfolio of over 50 exploration stage royalties.
- Osisko benefits shareholders by providing leverage to gold prices and exploration upside through its royalty model with zero costs and zero exposure to operating or capital risks.
- Osisko reported record revenues of C$50.0 million from royalties and streams in Q3 2021.
- Key assets that contributed to strong results included Canadian Malartic, Mantos Blancos, and Eagle.
- Osisko also acquired additional royalties on the Tocantinzinho and West Kenya projects during the quarter.
- The company continued to return capital to shareholders through dividends and a share buyback program.
This document provides an overview of Osisko Gold Royalties Ltd, which is described as the leading growth-oriented royalty company. Some key points:
- Osisko has over 160 royalties, streams and offtakes focused in North America, including a cornerstone royalty on Canada's largest gold mine, Canadian Malartic.
- In 2021, Osisko is expected to deliver 80,000 GEOs from its portfolio.
- The company has a high margin business model with 97% of revenue coming from royalties and streams, no capital costs, and leverage to rising gold prices.
- Osisko's portfolio is well-diversified by asset, commodity, and
Osisko Development Corp. - Corporate Presentation, September 2021Kevin Connan
Osisko Development Corp. is a premier North American gold mining company. It has three key projects at various stages of permitting and development that position it for near-term gold production and significant long-term growth potential. These projects include the advanced-stage Cariboo Gold Project in British Columbia, Canada, the near-production San Antonio Gold Project in Sonora, Mexico, and the Bonanza Ledge II Gold Project in British Columbia, Canada. Osisko Development has a strong balance sheet with $248 million in available financial resources to advance its projects and become a mid-tier gold producer.
This document provides an overview of Osisko Gold Royalties Ltd., a leading growth-oriented royalty company. Some of the key points include:
- Osisko has over 160 royalties, streams and offtakes focused in North America, including a cornerstone royalty on Canada's largest gold mine, Canadian Malartic.
- In 2021, Osisko is expected to deliver 80,000 GEOs from its high-quality portfolio of assets located in favorable jurisdictions.
- Osisko has a strong financial position with $79.8 million in cash and $661.9 million in investments as of Q3 2021.
- The company prioritizes returns to shareholders through dividends
2021 01-25 - corporate presentation january 2021 finalAdnetNew
This document provides an overview of Gold Terra Corp. and its multi-million ounce gold potential in the Yellowknife region. It contains forward-looking statements and cautions readers that actual results may differ. It also contains disclosures regarding mineral resource estimates and states that mineral resources are not mineral reserves and do not have demonstrated economic viability. Technical information was reviewed by a Qualified Person.
This document provides an overview of Gold Terra Resource Corp., including:
- Their Yellowknife City Gold Project which covers historic gold mines that produced 14 million ounces of gold.
- Their 2020 achievements including raising capital, optioning claims from Newmont, and drilling programs.
- Their focus on the high-priority Campbell Shear target, an underexplored structure associated with past production of 13 million ounces of gold.
- The company's track record of discovery and development by its experienced management team.
- Their initial November 2019 inferred mineral resource estimate of 735,000 ounces of gold across four deposits within the project area.
- The document discusses Gold Terra Resource Corp.'s Yellowknife City Gold Project in the Northwest Territories of Canada, which covers a district-scale land package near the city of Yellowknife with potential for multi-million ounces of gold.
- In November 2019, an initial mineral resource estimate for the project outlined 735,000 ounces of inferred resources at two main deposits.
- The project has excellent exploration potential along 65km of the underexplored Campbell shear structure that hosted the past-producing high-grade Con and Giant mines, and drilling is ongoing to expand known deposits and test other targets.
2021 04-09 april corporate presentation finalAdnetNew
The document provides an overview of Gold Terra Corp. and its Yellowknife gold project in the Northwest Territories of Canada. It summarizes:
- Gold Terra's management team has a track record of successful mine development and discoveries.
- The Yellowknife project covers 800 square kilometers near the historic 14 million ounce Con and Giant mines.
- An inferred mineral resource estimate released in March 2021 totals 1.2 million ounces of gold across open pit and underground scenarios.
- Drilling is ongoing along the Campbell Shear structure, which hosted over 13 million ounces from the past producing mines, and has returned high-grade intercepts further demonstrating the potential for resource growth.
1. The document presents Gold Terra Resource Corp.'s Yellowknife City Gold Project in the Northwest Territories, Canada.
2. The project covers 790 square kilometers of prospective ground near the city of Yellowknife, with an initial inferred resource of 735,000 ounces of gold.
3. Gold Terra plans to update the resource by year-end through 10,000 meters of drilling targeting high-grade zones at the Crestaurum deposit and along the underexplored Campbell Shear structure.
This document provides an overview of Gold Terra Resource Corp., including:
- Their Yellowknife City Gold Project which covers historic gold mines that produced 14 million ounces of gold.
- Their 2020 achievements including raising capital, optioning claims from Newmont, and drilling programs.
- Their focus on the high-priority Campbell Shear target, an underexplored structure associated with past production.
- The experience and track record of success of Gold Terra's management team in discoveries and mine development.
Osisko Development Corp. - Corporate Presentation, July 2021Kevin Connan
Osisko Development Corp. is a premier North American gold development company with assets in Canada and Mexico. It has advanced gold projects including Cariboo in British Columbia and San Antonio in Sonora, Mexico that have the potential to provide near-term production. The company also has exploration properties and a world-class management team with a proven track record of mine builds and discoveries totaling over 80 million ounces.
Osisko Development Corp. - Corporate Presentation, August 2021Kevin Connan
This presentation provides forward-looking information on Osisko Development Corp., including its ability to obtain further capital, positioning as a gold development company in Canada and Mexico, and estimates for gold prices, exploration, development costs and mine construction. However, the document notes that actual results may differ from forward-looking statements due to risks and uncertainties inherent in mineral exploration, development and mining activities. It also contains information on mineral resource estimates for certain projects but cautions that mineral resources are not mineral reserves or proven to be economically viable.
Gold Terra Corp. is a mineral exploration company focused on its Yellowknife City Gold project near Yellowknife, Northwest Territories. The presentation discusses the multi-million ounce gold potential of the project. It provides an overview of the company, forward-looking statements, cautionary notes, and confirms that technical information was reviewed by a Qualified Person.
Gold terra corporate presentation january 2021 2021 01AdnetNew
This document provides an overview of Gold Terra Resource Corp. and its multi-million ounce gold potential in the Yellowknife region. It contains forward-looking statements and cautions readers that actual results may differ. It also cautions readers about mineral resource estimates and notes that adjacent properties are not indicative of Gold Terra's properties. Technical information was reviewed by a Qualified Person as defined by NI 43-101.
GoviEx Uranium Inc. is an Africa-focused uranium company with two mine-permitted projects - the Madaouela Project in Niger and the Mutanga Project in Zambia. It aims to advance these projects through simplified feasibility studies and project financing to accelerate development. GoviEx has large uranium mineral resources totaling over 236 million pounds of U3O8, with over 60% in the measured and indicated categories. It also has exploration potential at its projects and the Falea Project in Mali covers uranium, gold, copper and silver.
Canadian Malartic Investor and Analyst Tour - General PresentationAgnico Eagle Mines
The document provides information from an investor and analyst tour of Agnico Eagle's Canadian Malartic mine held on September 30, 2014. It includes forward-looking statements about estimates, costs, and production targets. The tour agenda covers topics like human resources, health and safety, geology, reserves, mining operations, environment, and questions. Statistics on the workforce, safety, and mine facilities like the pit, mill, and tailings area are also presented. Opportunities for improvements in mining, milling, and costs in the second half of 2014 are discussed.
UTC and Southmark provide global logistics solutions and services for heavy equipment transportation. They have over 80 years of experience in project logistics and offices worldwide. Their services include transportation of heavy and oversized cargo by ocean, air, rail, and truck. They specialize in industries like mining, oil and gas, wind, and infrastructure and have experience moving various types of heavy equipment globally.
Fourth Quarter and Year End Results Presentationyamanagold2015
Yamana Gold reported its fourth quarter and full year 2014 results on February 12, 2015. The company achieved record quarterly production of over 405,000 GEO in Q4 2014 and full year production of over 1.4 million GEO. All-in sustaining costs for 2014 were $807 per GEO, below guidance. Yamana's key mines performed largely as expected during the year, with some such as Gualcamayo and Jacobina exceeding production targets. The company continued focusing on its core assets while working to improve troubled development projects and reduce costs.
Third Quarter 2015 Conference Call and Webcast Presentationyamanagold2015
- Yamana Gold reported its third quarter 2015 results, with increased production from its core assets of 9% compared to the second quarter, including a 12% rise at Canadian Malartic and 6% at Chapada. Cash costs also declined across core assets.
- The company is advancing the monetization of its non-core Brio Gold assets to strengthen its balance sheet. It engaged an advisor to evaluate financing alternatives for Brio Gold.
- Yamana aims to reduce debt and strengthen its balance sheet by monetizing assets and reducing its credit facility balance to zero by year's end in order to focus on maximizing cash flow and EBITDA from operations.
- The company is evaluating growth opportunities at its
- The corporate presentation discusses Ero Copper's position for high-margin organic growth and provides cautionary statements regarding the use of forward-looking information and statements.
- It notes that forward-looking statements are based on a number of estimates and assumptions that are inherently subject to risks and uncertainties that could cause actual results to differ materially from expectations.
- The presentation contains cautionary notes for US investors regarding the use of inferred resources that are required by Canadian regulations but not recognized by the SEC, and that inferred resources do not have demonstrated economic viability.
This corporate presentation discusses Osisko Gold Royalties Ltd's performance and portfolio:
- Osisko has generated over $700 million in cash and available credit with $221.7 million in investments and a steadily increasing dividend. Revenues have grown from $45.4 million to $62.7 million from 2015 to 2016.
- Osisko has a high quality portfolio of gold royalties focused on North America, including two premier producing assets in Quebec and Ontario. The portfolio provides cash flow from producing assets and optionality from over 50 exploration stage royalties.
- The presentation is intended to assist investors and includes forward-looking statements and cautions about mineral resource estimates according to Canadian versus U.S
- Osisko holds a presentation for the 2017 PDAC convention that discusses its gold royalty portfolio and business model.
- The presentation outlines Osisko's key producing assets which include Canadian Malartic, Eleonore, and Gibraltar, as well as its portfolio of over 50 exploration stage royalties.
- Osisko benefits shareholders by providing leverage to gold prices and exploration upside through its royalty model with zero costs and zero exposure to operating or capital risks.
- Osisko reported record revenues of C$50.0 million from royalties and streams in Q3 2021.
- Key assets that contributed to strong results included Canadian Malartic, Mantos Blancos, and Eagle.
- Osisko also acquired additional royalties on the Tocantinzinho and West Kenya projects during the quarter.
- The company continued to return capital to shareholders through dividends and a share buyback program.
This document provides an overview of Osisko Gold Royalties Ltd, which is described as the leading growth-oriented royalty company. Some key points:
- Osisko has over 160 royalties, streams and offtakes focused in North America, including a cornerstone royalty on Canada's largest gold mine, Canadian Malartic.
- In 2021, Osisko is expected to deliver 80,000 GEOs from its portfolio.
- The company has a high margin business model with 97% of revenue coming from royalties and streams, no capital costs, and leverage to rising gold prices.
- Osisko's portfolio is well-diversified by asset, commodity, and
Osisko Development Corp. - Corporate Presentation, September 2021Kevin Connan
Osisko Development Corp. is a premier North American gold mining company. It has three key projects at various stages of permitting and development that position it for near-term gold production and significant long-term growth potential. These projects include the advanced-stage Cariboo Gold Project in British Columbia, Canada, the near-production San Antonio Gold Project in Sonora, Mexico, and the Bonanza Ledge II Gold Project in British Columbia, Canada. Osisko Development has a strong balance sheet with $248 million in available financial resources to advance its projects and become a mid-tier gold producer.
This document provides an overview of Osisko Gold Royalties Ltd., a leading growth-oriented royalty company. Some of the key points include:
- Osisko has over 160 royalties, streams and offtakes focused in North America, including a cornerstone royalty on Canada's largest gold mine, Canadian Malartic.
- In 2021, Osisko is expected to deliver 80,000 GEOs from its high-quality portfolio of assets located in favorable jurisdictions.
- Osisko has a strong financial position with $79.8 million in cash and $661.9 million in investments as of Q3 2021.
- The company prioritizes returns to shareholders through dividends
2021 01-25 - corporate presentation january 2021 finalAdnetNew
This document provides an overview of Gold Terra Corp. and its multi-million ounce gold potential in the Yellowknife region. It contains forward-looking statements and cautions readers that actual results may differ. It also contains disclosures regarding mineral resource estimates and states that mineral resources are not mineral reserves and do not have demonstrated economic viability. Technical information was reviewed by a Qualified Person.
This document provides an overview of Gold Terra Resource Corp., including:
- Their Yellowknife City Gold Project which covers historic gold mines that produced 14 million ounces of gold.
- Their 2020 achievements including raising capital, optioning claims from Newmont, and drilling programs.
- Their focus on the high-priority Campbell Shear target, an underexplored structure associated with past production of 13 million ounces of gold.
- The company's track record of discovery and development by its experienced management team.
- Their initial November 2019 inferred mineral resource estimate of 735,000 ounces of gold across four deposits within the project area.
- The document discusses Gold Terra Resource Corp.'s Yellowknife City Gold Project in the Northwest Territories of Canada, which covers a district-scale land package near the city of Yellowknife with potential for multi-million ounces of gold.
- In November 2019, an initial mineral resource estimate for the project outlined 735,000 ounces of inferred resources at two main deposits.
- The project has excellent exploration potential along 65km of the underexplored Campbell shear structure that hosted the past-producing high-grade Con and Giant mines, and drilling is ongoing to expand known deposits and test other targets.
2021 04-09 april corporate presentation finalAdnetNew
The document provides an overview of Gold Terra Corp. and its Yellowknife gold project in the Northwest Territories of Canada. It summarizes:
- Gold Terra's management team has a track record of successful mine development and discoveries.
- The Yellowknife project covers 800 square kilometers near the historic 14 million ounce Con and Giant mines.
- An inferred mineral resource estimate released in March 2021 totals 1.2 million ounces of gold across open pit and underground scenarios.
- Drilling is ongoing along the Campbell Shear structure, which hosted over 13 million ounces from the past producing mines, and has returned high-grade intercepts further demonstrating the potential for resource growth.
1. The document presents Gold Terra Resource Corp.'s Yellowknife City Gold Project in the Northwest Territories, Canada.
2. The project covers 790 square kilometers of prospective ground near the city of Yellowknife, with an initial inferred resource of 735,000 ounces of gold.
3. Gold Terra plans to update the resource by year-end through 10,000 meters of drilling targeting high-grade zones at the Crestaurum deposit and along the underexplored Campbell Shear structure.
This document provides an overview of Gold Terra Resource Corp., including:
- Their Yellowknife City Gold Project which covers historic gold mines that produced 14 million ounces of gold.
- Their 2020 achievements including raising capital, optioning claims from Newmont, and drilling programs.
- Their focus on the high-priority Campbell Shear target, an underexplored structure associated with past production.
- The experience and track record of success of Gold Terra's management team in discoveries and mine development.
Osisko Development Corp. - Corporate Presentation, July 2021Kevin Connan
Osisko Development Corp. is a premier North American gold development company with assets in Canada and Mexico. It has advanced gold projects including Cariboo in British Columbia and San Antonio in Sonora, Mexico that have the potential to provide near-term production. The company also has exploration properties and a world-class management team with a proven track record of mine builds and discoveries totaling over 80 million ounces.
Osisko Development Corp. - Corporate Presentation, August 2021Kevin Connan
This presentation provides forward-looking information on Osisko Development Corp., including its ability to obtain further capital, positioning as a gold development company in Canada and Mexico, and estimates for gold prices, exploration, development costs and mine construction. However, the document notes that actual results may differ from forward-looking statements due to risks and uncertainties inherent in mineral exploration, development and mining activities. It also contains information on mineral resource estimates for certain projects but cautions that mineral resources are not mineral reserves or proven to be economically viable.
Gold Terra Corp. is a mineral exploration company focused on its Yellowknife City Gold project near Yellowknife, Northwest Territories. The presentation discusses the multi-million ounce gold potential of the project. It provides an overview of the company, forward-looking statements, cautionary notes, and confirms that technical information was reviewed by a Qualified Person.
Gold terra corporate presentation january 2021 2021 01AdnetNew
This document provides an overview of Gold Terra Resource Corp. and its multi-million ounce gold potential in the Yellowknife region. It contains forward-looking statements and cautions readers that actual results may differ. It also cautions readers about mineral resource estimates and notes that adjacent properties are not indicative of Gold Terra's properties. Technical information was reviewed by a Qualified Person as defined by NI 43-101.
GoviEx Uranium Inc. is an Africa-focused uranium company with two mine-permitted projects - the Madaouela Project in Niger and the Mutanga Project in Zambia. It aims to advance these projects through simplified feasibility studies and project financing to accelerate development. GoviEx has large uranium mineral resources totaling over 236 million pounds of U3O8, with over 60% in the measured and indicated categories. It also has exploration potential at its projects and the Falea Project in Mali covers uranium, gold, copper and silver.
Canadian Malartic Investor and Analyst Tour - General PresentationAgnico Eagle Mines
The document provides information from an investor and analyst tour of Agnico Eagle's Canadian Malartic mine held on September 30, 2014. It includes forward-looking statements about estimates, costs, and production targets. The tour agenda covers topics like human resources, health and safety, geology, reserves, mining operations, environment, and questions. Statistics on the workforce, safety, and mine facilities like the pit, mill, and tailings area are also presented. Opportunities for improvements in mining, milling, and costs in the second half of 2014 are discussed.
UTC and Southmark provide global logistics solutions and services for heavy equipment transportation. They have over 80 years of experience in project logistics and offices worldwide. Their services include transportation of heavy and oversized cargo by ocean, air, rail, and truck. They specialize in industries like mining, oil and gas, wind, and infrastructure and have experience moving various types of heavy equipment globally.
Fourth Quarter and Year End Results Presentationyamanagold2015
Yamana Gold reported its fourth quarter and full year 2014 results on February 12, 2015. The company achieved record quarterly production of over 405,000 GEO in Q4 2014 and full year production of over 1.4 million GEO. All-in sustaining costs for 2014 were $807 per GEO, below guidance. Yamana's key mines performed largely as expected during the year, with some such as Gualcamayo and Jacobina exceeding production targets. The company continued focusing on its core assets while working to improve troubled development projects and reduce costs.
Third Quarter 2015 Conference Call and Webcast Presentationyamanagold2015
- Yamana Gold reported its third quarter 2015 results, with increased production from its core assets of 9% compared to the second quarter, including a 12% rise at Canadian Malartic and 6% at Chapada. Cash costs also declined across core assets.
- The company is advancing the monetization of its non-core Brio Gold assets to strengthen its balance sheet. It engaged an advisor to evaluate financing alternatives for Brio Gold.
- Yamana aims to reduce debt and strengthen its balance sheet by monetizing assets and reducing its credit facility balance to zero by year's end in order to focus on maximizing cash flow and EBITDA from operations.
- The company is evaluating growth opportunities at its
The document contains forward-looking statements regarding Yamana Gold's plans and objectives. It discusses Yamana's strategy to advance, develop, and build on its Canadian property pipeline in a strategic manner. It also notes Yamana's goal to integrate exploration and technical services to enhance shareholder value.
www.sagegoldinc.com
Sage Gold plans to generate cash from production of the existing resources on Clavos and Lynx through project financing, joint venture or sale.
CLAVOS PROJECT- HIGHLIGHTS
*Permits in place to mine the Clavos gold deposit
-Located in prolific Timmins Mining camp (>100 million ozs gold)
Existing infrastructure - underground ramp and levels every 25m to the 300m level
-NI43-101 Resource Study and PEA completed
-Low initial Capex required for potential production … $8.0 million
-Joint venture; Sage 60%, St Andrew Goldfields 40%
Clavos is located in close proximity to several operating mills
Natural Gas pipeline on Clavos Property – Potential Fuel and Power savings
-Exploration Potential – deep (400-600m);
2 deep holes: 65.3g/t over 4.2m & 17.4g/t over 1.5m
BMO Capital Markets Global Metals & Mining Conferenceyamanagold2016
- The document discusses Yamana Gold's operational results and expectations for 2016-2018.
- In 2015, Yamana achieved gold production within guidance and is positioned to meet or exceed 2016 targets following repositioning efforts.
- Yamana provides production, cost, and capital expenditure guidance for 2016 and breakdowns of expected gold production by mine for 2016-2018, projecting year over year growth at lower costs.
- The document also discusses Yamana's development pipeline and 2016 exploration program goals.
BMO Capital Markets Global Metals & Mining Conference yamanagold2016
The document provides cautionary notes regarding forward-looking statements in a presentation for a metals and mining conference. It notes that forward-looking statements involve risks and uncertainties that could cause actual results to differ from expectations. It also cautions US investors that mineral resource classifications differ between Canadian and US standards. The document outlines non-GAAP financial measures used by the company and definitions of EBITDA and EBITDA margin. It states that all dollar amounts in the presentation are in US dollars unless otherwise indicated.
- The document summarizes a site visit to the Minera Florida mine in Chile.
- It includes an agenda for the visit with presentations on exploration, the plant operations, and a tour of the mine and exploration areas.
- The management team and six pillars approach are introduced, which focus on improving operations, advancing projects, improving finances, exploration, developing a project pipeline, and rationalizing assets.
Fourth Quarter 2016 and Full Year Results Presentationyamanagold2016
The document provides guidance and discusses operational performance for Yamana Gold for the fourth quarter and full year 2016. Key highlights include:
- Gold production for Q4 2016 was 318,368 ounces at an AISC of $928 per ounce. Silver production was 1.6 million ounces at an AISC of $14.48 per ounce.
- For the full year, Yamana met or exceeded its guidance for gold, silver and copper production and costs. Production came in at 1.27 million ounces of gold, 7 million ounces of silver and 116 million pounds of copper.
- Yamayo provides guidance for 2017-2019 that forecasts increasing gold and silver production over that period at expected lower costs
The document is an investor presentation for Pan American Silver Corp.'s annual meeting of shareholders on May 9, 2017. It provides an overview of Pan American Silver, including its portfolio of assets, production and cost profiles, financial strength, and highlights from 2016 including operating and reserve replacement performance, and corporate social responsibility programs. The presentation cautions investors that certain statements constitute forward-looking information subject to risks and uncertainties.
Pan American Silver reported its Q3 2016 unaudited results on November 15, 2016. The company reported consolidated net earnings of $43.4 million compared to a net loss of $67.5 million in Q3 2015. Cash flows from operating activities were $102.3 million, significantly higher than $32.9 million in Q3 2015. Operationally, the company produced 6.36 million ounces of silver and 50.4 thousand ounces of gold. Cash costs per ounce of silver, net of by-product credits, were $4.89 compared to $8.74 in Q3 2015. For full-year 2016, the company forecasts silver production of 25.0-25.7 million ounces and cash
Pan American Silver Corp. presented its investor presentation for January 2018. The presentation highlights include:
1) Pan American is a leading silver producer with diversified mining and exploration assets in four countries and a track record of growing production over 20+ years.
2) Preliminary 2017 results show a 28% decrease in cash costs per ounce and production of 25 million ounces of silver.
3) The outlook forecasts continued production growth over the next three years, with further reductions in cash costs per ounce and sustained capital expenditures.
This presentation provides an overview of Pan American Silver Corp., including:
- Pan American is a primary silver producer that grew production to 25.4 million ounces in 2016 and has 286 million ounces of silver reserves.
- The company has a portfolio of high-quality silver mining assets located in the Americas and is weighted 51% to silver exposure based on estimated 2017 metal sales.
- Pan American has successfully grown production and reduced costs over time, with cash costs declining 45% from 2012 to 2016 and further in Q1 2017.
- Financially, the company had $423 million in working capital and $205 million in cash/investments as of Q1 2017, with capital expenditures focused on projects with high returns
This presentation provides an overview of Pan American Silver Corp. for investors. It cautions that some measures used, such as cash costs and all-in sustaining costs, are non-GAAP measures that may differ from other company's methods. It also contains forward-looking statements regarding estimated production levels, costs, and other metrics from 2017-2019 that are based on assumptions and subject to risks and uncertainties. Technical information was reviewed by qualified persons as defined by National Instrument 43-101.
Pan American Silver Q4 FY 2016 Unaudited Results Conference Call Danielle Connor
This document provides an unaudited summary of Pan American Silver Corp.'s results for the fourth quarter of 2016. It includes consolidated financial highlights showing improved net earnings and cash flows compared to Q4 2015. Operating cash flow was sufficient to fund sustaining capital expenditures, taxes, and dividends. Production results for Q4 and full-year 2016 are provided for silver, gold, zinc, lead, and copper. Cash costs per ounce of silver are reported for each mine. The La Colorada and Dolores expansion projects are outlined, noting expected increases in production and estimated economics.
This document provides information about the Denver Gold Forum taking place from September 19-21, 2016. It includes cautionary notes about non-GAAP measures, reporting currency, forward-looking statements, and mineral reserves being reported. Technical information is reviewed by Pan American Silver's qualified person. A cautionary note about mineral reserves and resources for US investors is also provided.
- The document contains forward-looking statements regarding the company's strategy, plans, performance, and portfolio that are subject to various risks and uncertainties.
- In 2016, the company met production and cost guidance, improved mine plans, advanced development projects, and increased cash flow and net free cash flow.
- For 2017, the company provides production and cost guidance for its mines that is in line with 2016 levels and outlines a three-year production plan with increasing gold, silver, and copper production through 2019.
This investor presentation by Pan American Silver Corp. provides cautionary notes about non-GAAP measures used, reporting currency and financial information, and forward-looking statements. It discusses key assumptions around production, costs, capital investments, commodity prices, currency exchange rates, permitting, and other operational factors. Technical information is reviewed by qualified persons and based on technical reports filed with Canadian securities regulatory authorities. The presentation also notes differences between Canadian and U.S. standards for reporting mineral reserves and resources.
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.
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.
Pan American Silver Corp. presents information on its operations and financial results. The presentation notes that Pan American is the world's second largest primary silver producer, with diversified mining assets in four countries. It is focused on low-risk production growth through mine expansions and new projects, as well as maintaining low costs and a strong balance sheet. Pan American has a track record of replacing reserves and growing silver production over 20+ years.
This presentation summarizes an investor presentation by Pan American Silver Corp. It discusses key highlights including being the second largest primary silver producer, having a large reserve base of 280 million ounces of silver, and a solid production profile with growth projected through 2018. It also outlines Pan American's strategy of extracting value from its asset portfolio and improving operating margins. Financial details are provided showing a strong balance sheet with over $400 million in working capital and liquidity. Capital expenditure projections decline after 2016 with priorities on high-return projects. Recent achievements in 2016 include significantly lower cash costs and all-in sustaining costs.
BMO Capital Markets 28th Global Metals & Mining ConferencePretiumR
1) The Brucejack Mine in British Columbia has consistently generated profits every quarter since start-up six quarters ago through high-grade underground gold production and low costs.
2) In 2018 the mine produced over 376,000 ounces of gold at a total cash cost of $764 per ounce on average and generated over $20 million in adjusted net earnings.
3) For 2019 the mine is targeting production of 390,000 to 420,000 ounces of gold at an all-in sustaining cost of $775 to $875 per ounce through continued ramp up to 3,800 tonnes per day.
The document discusses Pretivm Resources' Brucejack Mine, a high-grade underground gold mine in British Columbia. It notes that the mine has consistently been profitable. It cautions readers that the presentation contains forward-looking statements regarding anticipated results, costs, plans, estimates, assumptions, and other projections that involve risks and uncertainties. It also provides notes to investors on the technical information sources, definitions of resource estimates, and explanations of non-IFRS financial metrics.
The document discusses Yamana Gold's operations and outlook. It provides production and cost guidance for 2017 that Yamana is tracking well against through the first half of the year. Production is expected to increase in the second half to meet full-year guidance. Cash flows are also expected to be higher in the second half and step higher again in 2018 as expansions come online. The balance sheet is projected to strengthen with decreasing net debt to EBITDA ratios through cash flow generation and asset sales.
Yamana Gold provided a corporate summary for Q3 2019 that included the following key points:
1. Yamana has a portfolio of five producing gold and silver mines located in Brazil, Canada, Chile and Argentina that are expected to produce over 1 million gold-equivalent ounces annually.
2. The mines - Jacobina, Canadian Malartic, El Peñón, Cerro Moro, and Minera Florida - have long mine lives and provide geographic and commodity diversification.
3. Yamana is uniquely positioned with both producing assets and a pipeline of development projects that can be advanced or monetized to provide additional value.
This corporate summary from Yamana Gold provides an overview of the company's operations and strategic initiatives. Key points include:
1) Yamana Gold has a production platform of over 1 million gold-equivalent ounces annually from its portfolio of high-quality, long-life assets diversified across Canada, Brazil, Chile and Argentina.
2) The company has implemented organizational enhancements, upgraded its asset portfolio by adding Canadian Malartic and optimizing Jacobina, and changed its board and management to a more experienced team.
3) Yamana Gold has a track record of on-time, on-budget project delivery and is optimizing development plans for future projects like Agua Rica. The company has also improved its
- Yamana Gold is a gold and silver producer with increasing production guidance over the next three years through 2020, representing an 8.8% CAGR for gold equivalent ounces.
- Costs are expected to decrease in 2018, with by-product cash costs of $460-480/GEO and AISC of $725-745/GEO on a gold equivalent ounce basis.
- Expansionary capital is decreasing, representing only 63% of total capital in 2018, and expected to further decrease to a future run rate of $50-75M absent new projects.
BMO Capital Markets 27th Global Mining & Metals Conferenceyamanagold2016
The document provides an overview of Yamana Gold's operations and outlook. Some key points:
- Yamana exceeded its 2017 production guidance for gold, silver, and copper.
- For 2018, Yamana guidance is 940k oz gold production at cash costs of $561-820/oz and AISC of $725-745/oz.
- Cerro Moro is expected to ramp up in Q2 2018 and be a significant contributor to cash flow going forward.
- Chapada provides long-term potential through exploration and expansion studies to be updated in Q2 2018.
- Cash flow is expected to significantly increase in the second half of 2018 and beyond as operations ramp up.
- Yamana Gold exceeded its 2017 production guidance for gold, silver, and copper. Production costs were in line with or better than guidance.
- In 2018, Yamana expects to increase gold and silver production compared to 2017, with gold production guidance of 900,000 ounces and silver production guidance of 8.15 million ounces. Copper production is expected to remain steady at 120 million pounds.
- All-in sustaining costs for 2018 are forecast to be between $725-745 per ounce of gold and $10.50-$10.80 per ounce of silver, expected to decrease in 2019 with the ramp-up of Cerro Moro and productivity improvements.
- Yamana Gold reported strong third quarter results, with gold production of 257koz, silver production of 1.4moz, and copper production of 37.1mlbs.
- Costs for the quarter were in line with guidance, with by-product cash costs of $496/oz gold and all-in sustaining costs of $729/oz gold.
- Production guidance for 2017 was increased for gold to 960koz, silver to 5.0moz, and copper to 125mlbs based on improvements across the portfolio.
The corporate summary document discusses Yamana Gold's strategy and outlook for 2017-2019. Key points include:
- Yamana has six mines producing gold and silver in four jurisdictions, and is positioned for significant production growth.
- Gold production is expected to increase 20% from 2017 to 2019, while silver production is forecasted to grow 200% over that period.
- Two development projects are advancing on schedule, with Cerro Moro expected to begin production in early 2018.
- Yamana aims to improve operations, advance projects, strengthen its balance sheet, make exploration discoveries, develop a pipeline of opportunities, and realize value from non-core assets.
- The company expects production and cost improvements
Corporate summary june 2017 final (boston)yamanagold2016
The corporate summary document discusses Yamana Gold's strategy and outlook for 2017-2019. Key points include:
- Yamana has six mines producing gold and silver in four jurisdictions, and is positioned for significant production growth.
- Gold production is expected to increase 20% from 2017 to 2019, while silver production is forecasted to grow 200% over that period.
- Two development projects are advancing on schedule to further boost production growth.
- Yamana aims to improve operations, advance projects, strengthen its balance sheet, make exploration discoveries, develop a pipeline of opportunities, and realize value from non-core assets.
- The strategy is expected to create value through achievable production and cost guidance over
- The document is Yamana Gold's first quarter report from 2017, which provides an overview of the company's performance and outlook.
- It discusses Yamana's progress on its six pillar approach, including improving operations, advancing development projects, strengthening its balance sheet, making exploration discoveries, growing its pipeline, and rationalizing non-core assets.
- Key highlights mentioned are that production and costs were better than budget in Q1, consolidated gold production guidance was increased, and significant improvements are expected in the second half of 2017 across various operations.
Yamana Gold provides a corporate summary for January 2017. It has a vision to be a recognized leader in precious metals mining in the Americas. Its portfolio includes producing mines in Canada, Chile, Brazil and Argentina that will produce over 1.2 million ounces of gold and over 7 million ounces of silver in 2016. It is well positioned for growth with the Cerro Moro project starting production in 2018, potential expansions of existing mines, and a development pipeline and exploration prospects. The company aims to have a production profile of at least 130,000 ounces of gold annually from multiple cornerstone mines.
Corporate Summary from December 2016. It discusses Yamana Gold's vision, strategy, and portfolio post the spin out of Brio Gold. Key points include:
Yamana's vision is to be a recognized leader in precious metals mining focused in the Americas. The spin out of Brio Gold will allow greater focus on Yamana's remaining high quality assets and internal growth opportunities.
Post spin out, Yamana will have a streamlined portfolio of producing, development and exploration assets in low-risk jurisdictions. This includes 3 to 4 world class mines that will provide significant cash flow and a strengthened balance sheet to fund growth.
The Brio Gold transaction is expected to maximize value for both companies' shareholders by
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.
Q2 2016 Conference Call and Webcast Presentationyamanagold2016
- Yamana completed a technical review and drilling program at its C1 Santa Luz project in Brazil and decided to move the project to the execution phase.
- Drilling expanded and upgraded the mineral resource to contain 1.2 million ounces of proven and probable gold reserves and over 1 million ounces in measured and indicated resources.
- A new mine plan envisions increasing the processing plant capacity to 2.7 million tonnes per year to produce an average of 114,000 ounces of gold annually for the first seven years of an expected 10 year mine life.
- Economic analysis shows the project could generate an after-tax IRR of 71% and NPV of $268 million at a $1,300 gold
1) The document discusses Yamana Gold's high quality portfolio of gold and silver assets in the Americas that is poised for value accretion.
2) Preliminary Q1 2016 results are tracking well with production and costs in line with expectations despite stronger local currencies.
3) Near and medium term catalysts include continuing to meet or exceed guidance, advancing projects and exploration, and strengthening the balance sheet.
4) The acquisition of Riacho dos Machados adds critical mass to the Brio Gold division and a copper purchase agreement fully funds the acquisition and capital for the mine.
The document provides an overview of Yamana Gold Inc., outlining its high quality portfolio of mining assets positioned for value accretion. Key points include: Yamana delivered on 2015 production guidance and is well positioned for operational execution in 2016-2018; cornerstone mines include Chapada, El Peñon and Canadian Malartic; focus on the Americas and maximizing value from non-core assets; pursuit of organic growth opportunities including Cerro Moro and C1 Santa Luz projects. Cost guidance is provided for 2016, with cash costs and AISC expected to decrease year-over-year.
Yamana has a strong health, safety, environment and community program focused on achieving zero harm. The program is supported by experienced professionals and established policies. Yamana has a health, safety and environment management system in place for 10 years that has driven strong performance, including independent assessments and risk management plans. Yamana aims to maintain industry-leading safety performance through its zero harm vision and performance-driven strategy.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
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.
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.
1. TSX: YRI | NYSE: AUY
True Value Proposition
Investor Day
January 14, 2016
2. Cautionary Note Regarding Forward-looking Statement
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This presentation contains “forward-looking statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Except for statements of historical fact relating to the Company,
information contained herein constitutes forward-looking statements, including any information as to the Company’s strategy, plans or future financial or operating
performance. Forward-looking statements are characterized by words such as “plan,” “expect”, “budget”, “target”, “project”, “intend,” “believe”, “anticipate”,
“estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions,
assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and
uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking
statements. These factors include the Company’s expectations in connection with the expected production and exploration, development and expansion plans at the
Company’s projects discussed herein being met, the impact of proposed optimizations at the Company’s projects, the impact of the proposed new mining law in
Brazil and the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and
liabilities based on projected future conditions, fluctuating metal prices (such as gold, copper, silver and zinc), currency exchange rates (such as the Brazilian Real,
the Chilean Peso, the Argentine Peso, and the Mexican Peso versus the United States Dollar), possible variations in ore grade or recovery rates, changes in the
Company’s hedging program, changes in accounting policies, changes in mineral resources and mineral reserves, risk related to non-core mine dispositions, risks
related to acquisitions, changes in project parameters as plans continue to be refined, changes in project development, construction, production and commissioning
time frames, risk related to joint venture operations, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, steel,
power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as
anticipated, unexpected changes in mine life, final pricing for concentrate sales, unanticipated results of future studies, seasonality and unanticipated weather
changes, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, government regulation and the risk of
government expropriation or nationalization of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on
insurance coverage and timing and possible outcome of pending litigation and labour disputes, as well as those risk factors discussed or referred to in the Company’s
current and annual Management’s Discussion and Analysis and the Annual Information Form for the year ended December 31st, 2014 filed with the securities
regulatory authorities in all provinces of Canada and available at www.sedar.com, and the Company’s Annual Report on Form 40-F for the year ended December
31st, 2014 filed with the United States Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or
results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if
circumstances or management’s estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue
reliance on forward-looking statements. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the
Company’s expected financial and operational performance and results as at and for the periods ended on the dates presented in the Company’s plans and
objectives and may not be appropriate for other purposes.
All amounts are expressed in United States dollars unless otherwise indicated.
3. Cautionary Note Regarding Mineral Reserves and Mineral
Resources
CAUTIONARY NOTE REGARDING MINERAL RESERVES AND MINERAL RESOURCES: Readers should refer to the Annual Information Form of the Company for the year
ended December 31, 2014 and other continuous disclosure documents filed by the Company since January 1, 2014 available at www.sedar.com, for further
information on mineral reserves and mineral resources, which is subject to the qualifications and notes set forth therein.
CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF MINERAL RESERVES AND MINERAL RESOURCES
This Presentation has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ in certain material respects from
the disclosure requirements of United States securities laws. The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” are Canadian
mining terms as defined in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian
Institute of Mining, Metallurgy and Petroleum (the “CIM”) - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as
amended. These definitions differ from the definitions in the disclosure requirements promulgated by the Securities and Exchange Commission (the “Commission”)
and contained in Industry Guide 7 (“Industry Guide 7”). Under Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report mineral
reserves, the three-year historical average price is used in any mineral reserve or cash flow analysis to designate mineral reserves and the primary environmental
analysis or report must be filed with the appropriate governmental authority.
In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required
to be disclosed by NI 43-101. However, these terms are not defined terms under Industry Guide 7 and are not permitted to be used in reports and registration
statements of United States companies filed with the Commission. Investors are cautioned not to assume that any part or all of the mineral deposits in these
categories will ever be converted into mineral reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great
uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher
category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases.
Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Disclosure of “contained
ounces” in a mineral resource is permitted disclosure under Canadian regulations. In contrast, the Commission only permits U.S. companies to report mineralization
that does not constitute “mineral reserves” by Commission standards as in place tonnage and grade without reference to unit measures.
Accordingly, information contained in this Presentation may not be comparable to similar information made public by U.S. companies subject to the reporting and
disclosure requirements under the United States federal securities laws and the rules and regulations of the Commission thereunder.
5. Presentation Agenda
5
o Welcome and Introduction
Peter Marrone
o Health, Safety and Sustainable Development
Ross Gallinger
o Strategy and Overview
Peter Marrone
Charles Main
o Operations and Projects
Gerardo Fernandez
William Wulftange
Gil Clausen
Daniel Racine
Barry Murphy
o Balance Sheet Review
Charles Main
Jason LeBlanc
8. Health, Safety, Environment and
Community(HSEC) - Overview
8
Strong Vision
A Zero Harm vision to focus Yamana’s HSEC management approach
Supported by a cost-conscious, performance-drive strategy that focuses on risk
management, governance, people development and strategic support for
operations.
Strong Resources
Experienced, professional HSEC staff at operations, regions and corporate
Established policies for Heath and Safety, Environment and Community
Employee Code of Conduct covering HSEC, ethical conduct, human rights
Strong Performance
HSEC Management System in place for 10 years – System evaluation in 2016
Independently assessed standards, including the Conflict-Free Gold Standard
Risk assessment, risk management and crisis plans across operations
9. Yamana operated sites have a
management system conforming to
OHSAS 18001
Injury statistics comparable to
industry peers (assessed on an
annual basis)
Basic industrial hygiene program
established (ie noise, dust)
2014 - Chapada awarded Best
Practices in Occupational Health and
Safety in Emergency Responses and
in Effective Systems for Worker
Training, by Brazilian Mining Institute
2015 El Peñón – National Safety
Award from the Chilean Safety
Association
9
Health and Safety
Year to date is as of November 2015
10. International Cyanide Management Institute
Cyanide Code signatory; audited verification
at each operation
Yamana operated sites have a management
system conforming to ISO 14001
Programs in place for energy conservation
and greenhouse gas reduction
Water management programs established to
maximize recycle, minimize fresh water use
and decrease discharges
Environmental impact assessments
conducted for new operations and significant
expansions
Waste reduction and waste management
established
Monitoring programs in place for air quality,
surface and ground water, terrestrial and
aquatic environment
Dedicated Corporate Manager actively
reviewing Tailings Management to ensure
safety and integrity of facilities
10
Environment
11. Community
Social License continuously monitored and
evaluated at operations
Management approach is to maintain
consistent, proactive and transparent dialogue
with communities with mix of formal and
informal meetings
Actively maintained grievance mechanisms
ensure timely responses and helps abate
potential future grievances
Yamana contributes to host communities
through direct community investment, local
supplier programs and extensive employee
volunteering by operations
In Canada, positive relationships with
Aboriginal communities and working towards
the establishment of impact benefit
agreements for exploration and project
development
11
Named Best 50 Corporate Citizens by Corporate Knights – 3rd consecutive year
15. Strategic Focus
15
Protect Downside and Plan for Upside
Streamline Organizational Structure
Improve Quality of Management Especially in
– Exploration: LifeBlood of Mining is New Ounces: Bringing those Ounces to
Production
– Operations: Efficiently and Effectively Mining those Ounces
– Health, Safety, Communities and Environment: Protecting Our People
from Harm and Damage
Improve Mine Plans and Deliver Production at Reasonable and Improving
Costs
Increase Production and Better Costs
Spend Exploration Funds on Identified Ore Bodies or Areas of Known
Mineralization
Focus Exploration, Development and Operations on Cash Flow
Generation and Increasing Free Cash Flow
Improve Balance Sheet
Deliver Value to Shareholders
16. Frequently Asked Questions: Defining Our Company
16
“We take a portfolio approach to our business. Every mine and asset in the
portfolio is evaluated based on it’s production, costs, potential and planned
returns. We are agnostic on assets as we strive to create value: we set key
performance indicators and expect our assets, particularly our mines, to meet
these. This implies that an asset may be sold if we conclude it is not meeting
the key performance indicators. This is not to say that it does not have value,
rather that it has more value to someone else than to us and the sales proceeds
can be better applied to our other assets. We will exercise patience and
maintain discipline although we will also be flexible as opportunities and risks
are assessed. We strive to balance ourselves across the jurisdictions in which we
operate. We have one of the better balanced portfolios of mines and non-
producing assets carrying significant value and opportunity for organic growth
and, where appropriate, monetization.”
? How Do We Manage Our Business (Portfolio Approach)?
17. 17
“We are in five high quality countries for mining. We are an Americas focused
company. Do not expect us to migrate beyond the Americas. Our focus is North
and South America. Our focus is also to be in places that are mining friendly
with established mining pedigrees. We also look to have enough critical mass in
any particular jurisdiction to be relevant in that jurisdiction. Our view is that
risk is better managed and mitigated in established mining jurisdictions.”
What is our Jurisdictional Approach??
Frequently Asked Questions: Defining Our Company
18. 18
?
“This is difficult to define because while size and scale matter, they are not
the only criteria to distinguish Core and Non-Core. Generally, we look at a
balance among size and scale, cost, location, opportunity for development and
improvement. In addition, we evaluate the amount of management time
needed as compared to the value, potential and opportunity. The important
point, going back to the portfolio approach, is that Non-Core Assets, in the
right circumstances, will be monetized. We will always strive to maximize the
value we can get for our assets, including Non-Core assets up for sale. Equally,
we will be flexible and look to improve our view: is an asset carry more value
in the portfolio or if sold?”
What is Core and Non-Core?
Frequently Asked Questions: Defining Our Company
19. 19
?
“We struck a deal in late 2015 that was at a point properly balancing reasonable
value to us and expediency. We did not get the deal we wanted. We recognized
that the deal we struck was at that tipping point of that balance, below which
we would not go. We recognize that the Brio Gold division carried considerably
more value than was on offer in the deal although the deal was on the right
side of reasonable and it was fast tracked. We refused to entertain anything on
the wrong side of that balance, below the deal value. Since then, we have had
to seriously consider if we should sell these assets at all. In late 2014, we set
out to improve the assets in a way that did not distract management from the
core business. We also felt that these assets were taking more management
time than the value of the assets could justify. Since then, they have been
improved with quality production, low cost, increased cash flow and EBITDA
generation, improved resource models, mine plans and increased mine lives,
now requiring a more measured amount of management time. They may be
transitioning from Non-Core.”
Why Have We Not Sold Brio Gold Division? And Should We Sell It Or Keep It?
Frequently Asked Questions: Defining Our Company
20. 20
?
“Yes. Again, we have a unique portfolio because of the significant cash flow
generation of our mines, quality of exploration and development assets and
certain we would describe as dormant: those assets that have considerable
value although with a less certain development timeline or whose development
is better suited to someone else. Equally, nothing is for sale unless at the right
point, at that balance point between reasonable value and expediency, and
nothing needs to be sold, so we will take our time to get the right price and
terms and in some cases, partner”
Should We and Would We Consider Asset Sales?
Should We and Would We Consider M&A?
“No. We undertook a series of deals in 2012 and 2014 to position us for organic
growth for the foreseeable future.”
Frequently Asked Questions: Defining Our Company
?
21. 21
?
How Are We Positioned For Growth Internally?
“We are exceptionally well positioned for organic growth with Cerro Moro,
Chapada expansion, Canadian Malartic developments, Deep Carbonates project,
Monument Bay project and Kirkland Lake opportunities. More on that will
follow.”
Frequently Asked Questions: Defining Our Company
22. 22
?
“We did not meet the challenges of several development stage projects which
ran over budget and well beyond planned start-up. We got caught in the
whirlwind of a robust mining cycle particularly in Brazil that created systemic
challenges with all projects, not only our projects. That systemic issue
intersected with several organic issues including a bureaucratic and over
centralized management and insufficient project evaluation. As importantly, we
did not realize early enough that we were challenged in development skills and
depth. In that context, we also spent more than planned and failed to generate
cash flow from these projects to cover the expenditure and generate a return.
Finally, we borrowed on our revolving credit facility as the robust cash flow
from our producing mines was insufficient to cover this additional burden.
However, we also produced according to plan at our producing mines, generated
robust cash flow from those mines, acquired Canadian Malartic to bolster our
production and cash flows and began a program of quality enhancement, quality
assurance and quality management. On the challenges of those Brazilian
development stage projects, we also began their rehabilitation.”
What Happened in 2014?
Frequently Asked Questions: Defining Our Company
23. 23
?
“This was a transition year. We solidified our management and organization,
improved our operations, established better practices for evaluation of
projects, advanced several development projects and plans, including Cerro
Moro, and improved our balance sheet. We were within our production range
and our core mines had lowest quartile costs. We improved those assets in the
Brio Gold division. We positioned ourselves for continuing operational
performance into 2016 and future years”
What Happened in 2015?
Frequently Asked Questions: Defining Our Company
24. 24
?
“We have streamlined our operations and management, improved our core
management particularly in exploration, development, operations and health and
safety. We have improved our resource models and mine plans and we have given
ourselves more time for evaluation and development. This is true for projects as
well as development at existing mines. We have also given due attention to
important health, safety, environmental and sustaining protocols so as to earn,
maintain and benefit from our social license. It is not a coincidence that this
leads to better dialogue over permitting. Finally, we have undertaken a program
of improved and often complete engineering before undertaking the heavy lifting
on a project, expansion, development or plan.”
Why Are We Confident In Our Production and Production Growth Plans?
Frequently Asked Questions: Defining Our Company
25. 25
?
“We believe that it is important to maintain financial strength and flexibility.
As part of this philosophy we believe that a revolving credit facility should be
used only as a short-term financing tool. We are targeting a zero balance for
this. In addition, we renegotiate on an annual basis to maintain a five year
term. The tenor of debt is well positioned and balanced for repayment over the
long term. With respect to Long Term Debt Ratios, on a normalized basis we
believe that a Debt/EBITDA level in the range of 1.5 to 2.0 times is prudent.
The balance sheet is managed through a combination of actions including, first
and foremost, generating Free Cash Flow.”
What Is Our Approach to Debt and Balance Sheet Management?
Frequently Asked Questions: Defining Our Company
26. 26
?
“Cash Flow after non-discretionary items define Free Cash Flow. Expansionary
capital is deducted to determine Free Cash Flow when it is committed and,
based on any change in circumstances, cannot be reduced or withdrawn. Free
Cash Flow is before Dividends as Dividends are, and should be, paid only from
residual Free Cash Flow after all other items including committed capital.”
How Do We Define Free Cash Flow?
Frequently Asked Questions: Defining Our Company
?
“The generation of Free Cash Flow drives our strategy with respect to capital
spending. Production growth in effect can be the result of capital spending. In
more challenging markets, hurdle rates for new projects tend to increase and
targeted growth will or may be sacrificed for financial stability in
circumstances where it would increase Free Cash Flow. ”
How Do We Balance Production Growth, Capital Spending and Free Cash Flow?
30. Cost Guidance
2016 Co-Product Cash Costs
(1)
Per Ounce
301. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes Alumbrera
2015E 2016
Gold Silver Copper Gold Silver Copper
Chapada $331 $3.19 $1.46 $280 $2.72 $1.32
El Peñón $621 $8.38 $540 $7.20
Canadian Malartic $596 - $585 -
Gualcamayo $814 - $875 -
Mercedes $887 $7.91 $750 $9.75
Minera Florida $712 $9.46 $640 $8.50
Jacobina $788 $620 -
Brio Gold $706 $581 -
Pilar $708 $560 -
Fazenda Brasileiro $702 $610 -
Total Yamana $662
2
$8.28 $605 $7.25
Total Consolidated 2016E Yamana By-Product Cash Costs:
$525/oz. gold and $6.20/oz. silver
31. Capital Spending 2016
31
Sustaining Capital
Chapada $40M
El Peñón $58M
Gualcamayo $11M
Mercedes $18M
Canadian Malartic (50%) $60M
Minera Florida $21M
Jacobina $34M
Brio Gold $32M
Pilar $19M
Fazenda Brasileiro $13M
Total Yamana Sustaining $275M
Total Yamana Expansionary $120M
Total Expansionary and Sustaining Capital
for 2016 budgeted at $395 million
32. Exploration Spending 2016
Budget Set at $82M
32
Chapada
8%
El Peñón
34%
Gualcamayo
6%Mercedes
3%
Canadian
Malartic (50%)
10%
Minera Florida
10%
Jacobina
7%
Pilar
6%
Fazenda
Brasileiro
3%
C1 Santa Luz
3%
Monument
Bay
4%
Cerro Moro
6%
• Chapada - $6M
• El Penon - $24M
• Minera Florida - $7M
• Mercedes - $2M
• Gualcamayo - $4M
• Cerro Moro - $4M
• Jacobina - $5M
• Brio Gold
• Pilar - $4M
• Fazenda Brasileiro - $2M
• C1 Santa Luz - $2M
• Canadian Malartic Corporation - $7M
• Monument Bay - $3M
• Other – Projects, Land Costs, and
Overhead - $12M
*Approximately 70% of exploration spending is expected to be capitalized
33. Co-Product Site Level AISC Guidance
2016 AISC
(1)
Per Ounce
33
1. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes cash costs, corporate general and administrative expense, sustaining capital and exploration expense
Gold Silver
Copper/
lb.
Chapada $350 $3.35 $1.60
El Peñón $730 $10.00
Canadian Malartic $800 -
Gualcamayo $940 -
Mercedes $935 $12.15
Minera Florida $825 $11.00
Jacobina $915 -
Brio Gold $781 -
Pilar $760 -
Fazenda Brasileiro $810 -
Total Consolidated Yamana
Co-Product AISC(2):
$840/oz. gold and $10.75/oz. silver
Co-Product Site
Level AISC:
cash costs (incl.
site level G&A),
sustaining capital
and exploration
expense
Targeted Consolidated Yamana
By-Product AISC(2):
$800/oz. gold and $10.20/oz. silver
34. AISC
1,2
Calculation Breakdown
For Illustration Purposes
34
1. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015. By-product costs based on budget of $2.25/lb copper for 2016.
2. Includes cash costs, sustaining capital, corporate general and administrative expense, and exploration expense.
3. Exclude share based compensation of approximately $15M.
4. Numbers may not add due to rounding and approximations.
Gold Silver Total
Production Costs
2016E By-Product Cash Cost
1
per Oz $525 $6.20 N/A
2016E Production Mid-Point (Oz) 1.27M 7.04M N/A
2016E Total By-Product Cash Costs $667M $44M $711M
Other Components Based on Revenue
Contribution by Metal
Revenue Input Assumption (per Oz) $1,100 $14.75 N/A
Revenue Split 93% 7% 100%
Sustaining Capital $255M $19M $275M
Exploration Expense (~30% of total spend) $23M $2M $25M
Corporate G&A
3
, excluding share-based comp $79M $6M $85M
Total AISC $1,024M $72M $1,096M
Total Consolidated By-Product AISC per Oz $805 $10.20 N/A
35. Cash Cost Allocation Methodology
35
Prior Period
Spot Price
($)
Period
Production
(units)
Contribution ($)
x
x
Gold
Silver
=
=
# of Oz
# of Oz
Gold
Silver
Total $
Contribution
/
/
Total
Total
Gold
Silver
100%
=
=
Contribution (%)
Non-commodity specific costs allocated to metal based on the relative value of
revenue as illustrated above
Chapada non-commodity-specific costs are split 80% to copper and 20% to gold/silver
for co-product costs. Overseas transport costs are allocated 100% to copper.
37. Other Guidance
37
2016 Guidance
Corporate General & Administrative Expenses
Cash based G&A: $85M
Non-cash based G&A: $15M
Total G&A: $100M
Tax Expense
Total: $90M
Cash tax expected to be ~$50M
Depreciation, Depletion & Amortization $570M
DD&A per Unit $372/oz Au
$5.22/oz Ag
$0.30/lb Cu
Note: In December of 2015, the newly elected Argentinian government reduced the rate for export duty
(charged on gross revenues) from 5% to nil.
38. Quarterly Trend for 2016
38
0
60
120
180
240
300
360
Ounces000s
Gold Production
0
5
10
15
20
25
30
35
40
PoundsM
Copper Production
Q1 Q2 Q3 Q4
Chapada and Canadian Malartic account for most of the difference from Q1 to Q4: large, open pit
mines that are seasonally affected
41. Chapada
2016 Expectations
41
2016 Production
Tonnes Processed (000s) ±21,400
Strip Ratio (operating) 1.3
Grade – gold (g/t)
- copper (%)
0.29
0.32%
Recovery – gold
- copper
59%
83%
Production – gold (000s)
- copper (M lbs)
116 to 122
122 to 125
Cost
Outlook
Cash Cost(1,2) AISC(3)
2015E
$331/Oz Gold
$1.46/lb Copper
$415/Oz Gold
$1.77/lb Copper
2016E
$280/Oz Gold
$1.32/lb Copper
$350/Oz Gold
$1.60/lb Copper
0
20
40
60
80
100
120
140
2015E 2016E 2017E 2018E
Production
Gold (koz) Copper (Mlbs)
2016 Costs
Mine $/t milled 3.60
Plant $/tonne 2.60
G&A & Other(4) $/tonne 3.00
Total $/tonne 9.20
17%
8%
5%
21%
32%
6% 11%
2016 Cash Cost Breakdown
Consumables Labour Maintenance
Other Contractors Power
Fuel
1. Cash costs on a co-product basis.
2. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
3. Includes cash costs, sustaining capital, site G&A expense, and exploration expense.
4. Includes TC/RCs
42. Short Term
(Minimum Capex)
• Operational improvements including productivity increases at the mine and
processing plant, OEE, tonnes/h, and recoveries for gold and copper
• External expenditures reduction including enhanced supply chain management
Medium Term
(Modest Capex)
• Debottlenecking and improvements
• Flotation circuit retrofit scheduled for Q2 2016, expected to increase recoveries
by 2%
• MMD bypass scheduled for Q1 2017, expected to increase throughput by 2%
• Improve production profile with near mine discoveries
Long Term
• Throughput Expansion project
• Oxides inventory assessment
• Sucupira and Santa Cruz, other near mine targets
0
Execution
• Significant upside for the short and medium term with modest investment
• Lean management implementation; McKinsey engaged
• “Desafia” (Challenge) program: External expense, Productivity, Recovery
Chapada Opportunities
Maximize cash flow generation and develop future growth
42
Optimizations and exploration upside demonstrate potential for further value creation
43. Chapada Exploration – Near Mine
$6M – 26k drill metres
43
• Delineation of Sucupira
• Test Near Mine targets
• Interpits, Santa Cruz, HW
Corpo Sul, Flanco Leste,
Suruca W, Sucupira
Structure, Hidrothermalito
NM122
EXTENSION
FAR SW
2016 RESOURCE
DELINEATION POTENTIAL
1,400m
Main Goals
• Increase resources at Sucupira
• Advance Near Mine targets
• New Discovery
44. Chapada Exploration – Near Mine
44
NM117: 4.5m @ 0.46g/t; 0.56%cu and
0.79EqCu and 20m @ 0.16 g/t Au;
0.30% Cu; 0.38 EqCu (12.2m)
Sucupira Structural Corridor
• 9 kms in length
• Cu-Au anomalies in soils
• Minimum drill testing to-date
Interpits target
• Near surface drill information
• Potential for 700m x 175m mineral
body
45. El Peñón
2016 Expectations
451. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes cash costs, sustaining capital, site G&A expense, and exploration expense.
2016 Production
Tonnes Processed (000s) ±1,500
Grade – gold (g/t)
- silver (g/t)
5.41
156.7
Recovery – gold
- silver
94%
78%
Production – gold (000s)
- silver (000s)
235 to 250
5,800 to 6,000
2016 Costs
Mine $/t milled 72.00
Plant $/tonne 28.00
G&A & Other $/tonne 16.00
Total $/tonne 116.00
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
0
50
100
150
200
250
300
2015E 2016E 2017E 2018E
Production
Gold (koz) Silver (Moz - right axis)
9%
29%
5%10%
37%
7% 2%
2016 Cash Cost Breakdown
Consumables Labour Maintenance
Other Contractors Power
Fuel
Cost
Outlook
Cash Cost(1) AISC(2)
2015E
$621/oz gold
$8.38/oz silver
$792/oz gold
$10.67/oz silver
2016E
$540/oz gold
$7.20/oz silver
$730/oz gold
$10.00/oz silver
46. Short Term
(Minimum Capex)
• Continue improving operation efficiency
• Increase mine productivity by 5% in 2016 - increase in production or cost
reductions
• Continue contract negotiations and internal demand control
• Improve maintenance performance and costs
• Cost reduction compared to 2014 equals $15M a year
Medium Term
(Modest Capex)
• Increase recoveries project
• 5% increase in silver recover rates
• +0.5% gold recovery
• Near mine veins brought into production including Ventura
• Mine development ongoing and exploration drilling
Long Term • Target new discovery in the North Block.
• Budget of $24M and 166,000 metres of drilling per year
0
Execution
• Focus on capturing short term gains in operations
• Continue exploration strategy to extend mine life
• Promptly bring into production near mine discoveries
El Peñón Opportunities
Maximize cash flow generation and develop future growth
46
Optimizations and exploration upside demonstrate potential for further value creation
47. El Peñón Exploration
$24M – 166k drill metres
47
2016 Budget : $24.1M ($20M Capex;
$4.1M Opex).
Objective: 528K GEO (M+I); 420K GEO
(Inf); 200k GEO(Geologic Potential).
166,000m of drilling focussed on :
30,000m of Distrital exploration
drilling in Targets: Tres Tontos W,
Cerro Pampa Providencia and Borde
Norte.
70,000m of exploration drilling in
near Mine Targets: Ventura,
Corredor and Dorada Sur Blocks.
66,000m of infill drilling to
upgrade resources to reserves, and
delineation (production) drilling in
Ventura, Corredor and Dorada Sur
Blocks.
Strategy: (1),Continue to extend
known veins; (2), discover new veins
near the mine; and (3), upgrade
resources to support production plans
and SLOM.
48. El Peñón Exploration and Infill
Targeting: Potential of 720koz of gold and 8M+oz of silver
48
VENTURA
LA PALOMA
DORADA
SUR
ALESTE SUR SUR
BONANZA
ESTE
ABUNDANCIA
W
BORDE OESTE
Exploration Target Areas Infill Target Areas
• Potential – 700k ounces Au
- 8M ounces Ag
49. Gualcamayo
2016 Expectations
49
2016 Production
Tonnes Processed (000s) ±7,800
Strip Ratio (operating incl.
rehandling)
2.5
Grade – gold (g/t) 0.93
Recovery – gold 64%
Production(3) – gold (000s) 150 to 165
0
50
100
150
200
2015E 2016E 2017E 2018E
Production
Gold (koz)
10%
29%
8%
24%
17%
4%
8%
2016 Cash Cost Breakdown
Consumables Labour Maintenance
Other Contractors Power
Fuel
2016 Costs
Mine $/t processed 9.00
Plant $/tonne 4.00
G&A & Other $/tonne 5.00
Total $/tonne 18.00
Cost
Outlook
Cash
Cost(1)
AISC(2)
2015E $814/oz $849/oz
2016E $875/oz $940/oz
1. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes cash costs, sustaining capital, site G&A expense, and exploration expense.
3. Production includes approximately 10,000 ounces from reduction of in-circuit inventory.
50. Short Term
(Minimum Capex)
• Improve contract and service terms to reduce external expenditures
• Improve heap leach inventory balance with 10koz reduction in 2016
• Underground
• Optimizing mine plan in 2016 for grade
• Improve productivity in SLC
Medium Term
(Modest Capex)
• Increase oxide resources
• Drilling strategy for 2016 in adjacent surface deposits
• Increase resources UG at QDDLW
• Optimize ore recovery from remaining resources around OP and UG
Long Term • Las Vacas oxide target to expand mine life
• Deep Carbonates project update
0
Execution
• ADR expansion project completed and operating
• Mine plan optimization ongoing
• Comprehensive exploration program for oxides
Gualcamayo Opportunities
Build on production base extending mine life
50
Good exploration upside in oxides to extend mine life
51. Gualcamayo Exploration and Infill
$4M – 18k drill metres
51
QDD – 5.5k metres
• Infill main pit
• Test for deep extension and targets
proximal to the current pit.
QDDLW – 2.5k metres
• Extend to the east
AIM – 3.0k metres
• Test potential of surficial targets
Las Vacas – 7k metres
• Discover a new deposit – Geophysical
targets
• Infill of known surface mineral body,
• Geometallurgical characterization
53. Minera Florida
2016 Expectations
53
2016 Production
Tonnes Processed (000s) ±1,900
Grade – gold (g/t)
- silver (g/t)
2.23
16.1
Recovery – gold
- silver
82%
53%
Production – gold (000s)
- silver (000s)
110 to 115
500 to 530
2016 Costs
Mine(3) $/t milled 17.70
Plant $/tonne 20.50
G&A & Other $/tonne 2.10
Total $/tonne 40.30
16%
24%
6%11%
31%
10% 1%
2016 Cash Cost Breakdown
Consumables Labour Maintenance
Other Contractors Power
Fuel
0
20
40
60
80
100
120
0
200
400
600
800
2015E 2016E 2017E 2018E
Production
Silver (koz) Gold (koz - right axis)
Cost
Outlook
Cash Cost(1) AISC(2)
2015E
$712/oz gold
$9.46/oz silver
$884/oz gold
$11.74/oz silver
2016E
$640/oz gold
$8.50/oz silver
$825/oz gold
$11.00/oz silver
1. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes cash costs, sustaining capital, site G&A expense, and exploration expense.
3. Includes impact of tailings processing which has no associated mining costs.
54. Short Term
(Minimum Capex)
• Reduce dilution improving drilling and blasting controls
• Improve productivity at the mine with LEAN
• Improve recoveries with enhanced process controls
Medium Term
(Modest Capex)
• Increase zinc production
• Increase treatment capacity to increase net recoveries
• Improve third party ore agreements and/or replace with new discoveries at
the mine (near mine exploration upside)
Long Term
• Significant exploration upside
• Continue development of Tribuna and Lorena corridors as well as core mine
• Incorporate new zones into the production plan in the medium term
0
Execution
• Start implementation of LEAN in Q1
• Continue aggressive exploration program
• Consolidate land position
Minera Florida Opportunities
Production growth through exploration upside
54
Stable operation, with significant upside for growth
56. Jacobina
2016 Expectations
56
12%
21%
8%
12%
39%
6% 2%
2016 Cash Cost Breakdown
Consumables Labour Maintenance
Other Contractors Power
Fuel
2016 Costs
Mine $/t milled 29.00
Plant $/tonne 11.00
G&A & Other $/tonne 5.00
Total $/tonne 45.00
2016 Production
Tonnes Processed (000s) ±1,550
Grade – gold (g/t) 2.39
Recovery – gold 95%
Production – gold (000s) 110 to 115
0
20
40
60
80
100
120
140
2015E 2016E 2017E 2018E
Production
Gold (koz)
Cost
Outlook
Cash
Cost(1)
AISC(2)
2015E $788/oz $1,072/oz
2016E $620/oz $915/oz
1. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes cash costs, sustaining capital, site G&A expense, and exploration expense.
57. Jacobina Opportunities
Turn around continues, growth upside
57
Improved performance with large resource base and upside for growth
Short Term
(Minimum Capex)
• Continue delineation drilling improving ore body knowledge
• Continue improving grade control and dilution
• Improve productivity and reduce maintenance costs through implementation
of LEAN
• External expense s reduction in services and supplies
Medium Term
(Modest Capex)
• Improve automation in the mine to improve work time
• Near mine geological upside and positive results in delineation drilling
• Increase plant recoveries and mine throughput to support growth in production
Long Term
• Exploration targets in deep Main Reef and CAN with higher grades
0
Execution
• Focus on mine development and delineation drilling on time
• Reduction of costs and increase in productivity
58. Jacobina Exploration – Infill and Delineation
$5M – 46k drill metres
58
Joao Belo
Morro do Vento
Canavieras Sul
Joao Belo
Morro do Vento
Canavieras Central
Morro do Cuscuz
61. Pilar
2016 Expectations
61
2016 Costs
Mine $/t milled 27.00
Plant $/tonne 13.00
G&A & Other $/tonne 5.00
Total $/tonne 45.00
0
20
40
60
80
100
120
2015E 2016E 2017E 2018E
Production
Gold (koz)
Cost
Outlook
Cash
Cost(1)
AISC(2)
2015E $708/oz $862/oz
2016E $560/oz $760/oz
1. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes cash costs, sustaining capital, site G&A expense, and exploration expense.
13%
27%
11%11%
28%
6% 3%
2016 Cash Cost Breakdown
Consumables Labour Maintenance
Other Contractors Power
Fuel
2016 Production
Tonnes Processed (000s) ±1,075
Grade – gold (g/t) 2.67
Recovery – gold 95%
Production – gold (000s) 85 to 90
62. 62
Continued focus on cost improvements
• Achieved significant improvements to date
• Improved productivity and efficiency
• Reductions expected to continue into 2016
Potential to increase production levels
• Maria Lazarus fully in production with further expansion potential
• Annual production expected to increase to ~100,000 ounces of gold
with contribution from Maria Lazarus over next two years
Robust exploration program continues at Pilar for reserve and
resource expansion
• Approximately 40,000 metres drilled in 2015 targeted at upgrading
resources to reserves and mine life extension
• Approximately 68,000 metres planned to be drilled in 2016
Future supplemental low cost ounces expected with other near mine
open pit satellite deposit, Tres Buracos
Potential to increase production levels to over 100,000 ounces
Pilar Opportunities
64. Fazenda Brasileiro
2016 Expectations
64
2016 Costs
Mine $/t milled 18.00
Plant $/tonne 11.00
G&A & Other $/tonne 4.00
Total $/tonne 33.00
2016 Production
Tonnes Processed (000s) ±1,200
Grade – gold (g/t) 1.88
Recovery – gold 90%
Production – gold (000s) 63 to 68
0
10
20
30
40
50
60
70
2015E 2016E 2017E 2018E
Production
Gold (koz)
Cost
Outlook
Cash
Cost(1)
AISC(2)
2015E $702/oz $905/oz
2016E $610/oz $810/oz
1. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes cash costs, sustaining capital, site G&A expense, and exploration expense.
14%
36%
11%
9%
16%
11% 4%
2016 Cash Cost Breakdown
Consumables Labour Maintenance
Other Contractors Power
Fuel
65. 65
Increased reserve and extended mine life
• Reserves increased 179% to 405,000 ounces of gold in 2015
• Expected mine life, based on reserves only, now over seven years
• Currently at highest level of mineral reserves since acquisition
• Mineral reserve and resource expansion for mine life extension and
higher production levels continues to be the focus in 2016
• 80,000 metres of drilling planned for 2016, targeted at high potential
areas, near surface and existing infrastructure
Quick exploration turnaround, from discovery to mineable ounces
• New mineralized zone, E388, was discovered in mid 2015 and already
contributing to production
• Opportunity for grade improvements in "Gap Zones"
• Investment in mine infrastructure to increase production at depth
Further opportunity for reserve expansion and mine life extension
Fazenda Brasileiro Opportunities
67. C1 Santa Luz
Update and Outlook
67
Outlook
Committed to the re-start of C1
Santa luz
Drill program currently underway –
six drills in operations
Major conversion of resources
to reserves expected by the
end of Q1 2016
Detailed construction engineering
underway
Plant modifications required for the
re-commissioning to be completed
in 2016
0
20
40
60
80
100
120
140
2016E 2017E 2018E
Production
Gold (koz)
re-start
PEA Highlights 1
Annual gold production (LOM) of
approx. 100,000 oz
Ten year mine life
Expected average recoveries of 83.7%
Avg grade of 1.48 g/t gold (open pit)
After-tax IRR of 56% 2
NPV of $199 MM vs. $48 MM capital
1. As announced on August 13, 2015
2. Based on a long-term Brazilian Real to U.S. Dollar exchange rate of 3.40 and a flat gold price of $1,250 per ounce. NPV derived at 5% discount rate
69. Canadian Malartic
2016 Expectations
69
2016 Production
Tonnes Processed (000s – 100%) ±19,400
Strip Ratio 2.4
Grade – gold (g/t) 1.03
Recovery – gold 89%
Production – gold (000s – 50%) 280 to 290
20%
21%
24%
2%
17%
7% 9%
2016 Cash Cost Breakdown
Consumables Labour Maintenance
Other Contractors Power
Fuel
2016 Costs
Mine $/t milled 7.30
Plant $/tonne 6.75
G&A & Other $/tonne 3.20
Total $/tonne 17.25
0
50
100
150
200
250
300
350
2015E 2016E 2017E 2018E
Production
Gold (koz)
Cost
Outlook
Cash Cost(1) AISC(2)
2015E $596 $738
2016E $585 $800
1. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes cash costs, sustaining capital, site G&A expense, and exploration expense.
70. Short Term
• Improvement of SAG mill liners
• Reduce plant shutdowns to 3x from 4x per year
• Positive grade and tonnage reconciliation could potentially increase gold
production
• Modify injection points of cyanide including installation and relocation of analyzer’s
probe for improved cyanide control
• Improve truck cycle by decreasing waiting time at the crusher
• Increase mill throughput by keeping the gyratory box full
• Thickener upgrade resulting in a higher solid percentage
• More production from North Zone which would result in higher mined grades
• Would require purchasing an additional remote shovel
Medium Term
• Milling 55,000 tpd
• Optimize rock fragmentation to increase annual tonnes milled
Long Term • Potential to expand mill
• Odyssey zone could potentially add production
0
Execution
• Achieving 53,000 tpd
• Permitting Barnat and road deviation (ongoing)
Canadian Malartic Opportunities
70
Focus remains on optimizations including increasing throughput
71. Canadian Malartic Exploration
$3M (50%) – 60k metres
71
North
South
Porphyry #12
Odyssey Deposit
Odyssey North
• Gold occurs along the
margins of Porphyry #12
• 550m to 1400m beneath the
surface
• 1500m along strike (approx.)
Odyssey South
• Gold occurs along the margins
of Porphyry #12
• 200m to 550m beneath the
surface
• 1500m along strike (approx.)
Pontiac Grp.
Porphyry #12
Porphyry #12
Piche Grp.View to NW
72. Canadian Malartic - Near Mine Upside
$1.1M in budget to examine and quantify economics
72
76. Monument Bay Overview
4 km of Continuous Mineralization Within the Potential Twin Lakes Open Pit
76
2015 Twin Lakes Potential Open Pit
Twin Lake S.
Seeber River
Burn Lake
Twin Lake N.
Natural Flow Path
Natural Flow Path
Optional Flow Diversion
(using natural river tributary)
AZ Zone
Mid East Zone
• Current resource consists of
three deposits; Twin Lakes,
Mid-East & AZ.
• Recent drilling and
geophysical modelling has
defined parallel
mineralized structures
within 4 km South of
existing pit outline.
• Environmental work in
progress has demonstrated
the proposed flow diversion
as viable.
• Maximum Water Depth
is 1.5M
77. 2014 Monument Bay Resource Review
USD$1300/ounce and USD $400/MTU Tungsten Concentrate
77
Deposit
Cut-Off
Category
Classification
Tonnes Au Grade WO3 Grade Au Ounces
WO3
(mtu)
Au
Equivalent
Ounces(000’s) (g/t) (%) (000’s) (000's)
Twin Lakes
Open Pit
> 0.7 g/t Au
Measured (M) Au Only 10,795 1.86 N/A 645 N/A 645
Measured (M) Au + WO3 - - - - - -
Indicated (I) Au 29,973 1.38 N/A 1,326 N/A 1,326
Indicated (I) Au + WO3 1,430 1.80 0.17 83 248 145
Subtotal M & I 42,198 1.52 N/A 2,054 248 2,116
Inferred Au Only 9,887 1.52 0 482 0 482
Inferred Au + WO3 469 1.88 0.20 28 95 52
Subtotal Inferred 10,356 1.58 N/A 510 95 534
Underground
> 4.0 g/t Au
Measured (M) 35 7.98 N/A 9 N/A 9
Indicated (I) 109 5.17 N/A 18 N/A 18
Subtotal M & I 144 5.86 N/A 27 N/A 27
Inferred 492 4.91 N/A 78 N/A 78
AZ &
Mid-East
Open Pit
> 0.4 g/t Au
Measured (M) - - - - - -
Indicated (I) 4,529 0.55 - 80 - 80
Subtotal M & I 4,529 0.50 - 80 - 80
Inferred 18,238 0.53 - 312 - 312
Combined
Total M& I 46,871 1.43 N/A 2,161 248 2,223
Total Inferred 29,086 0.96 N/A 900 95 924
Mining Costs: 1.47/t
Processing and G&A costs: $9.69/t Au only and $12.68/t APT
Exchange: 1.15
78. Monument Bay Project
Work Completed Since April 2015 Acquisition
1. Core drilling: 11 holes, 2705 meters (west end of Twin Lakes
Deposit)
2. Old Core Assay Sample Program: 33 holes reviewed, 1448 samples
assayed for Au and 1,859 samples assayed for W.
3. Airborne EM survey over core of property area.
4. Re-model of geology and definition of “high grade” and “low
grade” Au domains and W domains.
5. Updated geologic model and resource estimate.
78
79. Monument Bay-Twin Lakes Deposit
Updated 2015 High-Grade Au-W Interpretation
79
600 m
Updated high-grade gold and tungsten wireframe models, long section view looking north
• Theoretical open pit in transparent green.
• Gold zones are defined by composite gold grades above 3 g/t Au over 2 m
• Tungsten zones are defined by composites tungsten grades above 0.05 WO3% over 2 m.
4 km
600 m
80. Monument Bay
Dec. 2015 vs. Oct. 2014 Resource (at 0.7 g/t Au cutoff)
• Model incorporates new parameters:
• Lower cap grades, tighter search distances, resource classifications,
reduced slope angles
• Current Resource Classification:
• Measured <=30m spacing from drill holes plus multiple composites/drill
holes
• Indicated <=60m spacing from drill holes plus multiple composites/drill
holes
• Inferred <=90m spacing from drill holes plus multiple composites/drill
holes
• Even with more conservative criteria, the new model:
• Increased the overall resource (MII) within Open pit by ~512K ounces (17%
increase)
• Increase overall grade within the open pit by 0.2 g/t Au to 1.73 g/t Au
(12% increase)
80
81. Mercedes
2016 Expectations
81
2016 Production
Tonnes Processed (000s) 670
Grade – gold (g/t)
- silver (g/t)
4.31
49.8
Recovery – gold
- silver
94%
33%
Production – gold (000s)
- silver (000s)
85 to 90
345 to 365
2016 Costs
Mine $/t milled 64.00
Plant $/tonne 22.00
G&A & Other $/tonne 14.00
Total $/tonne 100.00
14%
20%
8%
19%
28%
7% 4%
2016 Cash Cost Breakdown
Consumables Labour Maintenance
Other Contractors Power
Fuel
0
100
200
300
400
2015E 2016E 2017E 2018E
Production
Gold (koz) Silver (koz)
Cost
Outlook
Cash Cost(1) AISC(2)
2015E
$887/oz gold
$7.91/oz silver
$1,078/oz gold
$9.61/oz silver
2016E
$750/oz gold
$9.75/oz silver
$935/oz gold
$12.15/oz silver
1. A non-GAAP measure. A reconciliation of which can be found at www.yamana.com/Q32015.
2. Includes cash costs, sustaining capital, site G&A expense, and exploration expense.
82. Short Term
• Utilization of smaller mining equipment
• Better dilution control
Medium Term
• Enhanced mine operation training and mentoring program
• Resulting in higher productivity
• lower unit cost per tonne
Long Term • Increase mining rate by gaining access to more active mining zones and increasing
efficiency at active zones
0
Execution
• Lower costs and increase productivity
Mercedes Opportunities
82
Continuing to advance plans to improve mining efficiency and improve dilution control
84. Mercedes Exploration
84
2016 Goals
• Discover new mineral bodies close to existing development
• Support Mine production needs
2016 Strategy – Drill
• Test Near Mine targets supported by geology and geochem
• Test District Targets supported by geology, geochem, and geophysics
• Infill and delineation drilling as needed
87. Cerro Moro - Overview
87
Located in the Santa Cruz
province in southern Argentina,
70km inland of Puerto Deseado
1,000 tpd mill feed rate
Combined open-pit and
underground mining operation
Conventional concentrator with
CCD and Merrill Crowe circuits
LOM average mined grade of
~10.8 g/t Au and 536 g/t Ag
All necessary permits are in
hand
Union agreements in place
Site infrastructure and
underground mining works to
commence in January 2016
CERRO
MORO
89. Initial Capital Expenditure
89
(Figures stated in M$)
Projected capital expenditures of $285M (previous estimate - $265M)
2017 and 2018 capex breakdown pending finalization of mine plans (currently
in progress)
90. 90
Cerro Moro - Key Operating Metrics
Throughput (tpd) 1,000
Modelled Mine Life (years) 7
Au Grade (g/t) 10.8
Au Recovery (%) 95%
Annual Au Production (koz) 102
Average Au Production - First Three Years (koz) 135
Ag Grade (g/t) 536
Ag Recovery (%) 93%
Annual Ag Production (koz) 5,000
Average Ag Production - First Three Years (koz) 6,700
Au AISC ($/oz) 547-557
Ag AISC ($/oz) 7.60-7.80
Parameters and estimates as per press release dated February 11, 2015. Based on
Mineral Reserves Only
Final design criteria pending finalization of the mine plans (currently in progress)
91. 91
Cerro Moro - Life of Mine Production Profile
Based on Mineral Reserves Only
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
FY18 FY19 FY20 FY21 FY22 FY23 FY24
Production - Gold (oz) Production - Silver (oz) First 3 Full Years Average - Silver First 3 Full Years Average - Gold
Silver OzGold Oz
Potential to improve production profile with inclusion of mineral resources
92. Cerro Moro - 2016 Advance Mining Strategy
92
Continue the development of Escondida FW decline
Develop drifts in argillic and fresh rock zones ore to better understand vein and
rock behavior (weathered/non weathered zones)
Confirm key technical parameters including continuity of mineralization and rock
mass quality
Approximately 600 m of development with 150m within the vein structures
93. 93
Cerro Moro - Execution Schedule
Reflects reduced capital expenditure in 2016
94. 94
Cerro Moro - Exploration Program
Upside Potential
94
2016 Exploration Focus
• Main Goals: Discover a new high grade structure and expand the current
Indicated resource.
• Targets to be tested include down dip extensions and known inferred zones
along the Escondida structure and numerous geochem and structural targets in
the La Negrita block (northern half of Cerro Moro Property)
Satellite Deposits
• Bahia Laura-Fomicruz JV. Using the know-how acquired in Cerro Moro to
develop an attractive target that can create value that impact the company
and the market. Regional focus in CM consolidation lands
2016 Budget
• $4.0 M
• 16,000 metres
96. Deep Carbonates Project - Overview
96
Brownfields project associated with the Gualcamayo operation in central
Argentina
Co-located carbonate resource with average gold grade of 3.09gpt
~1.1Moz saleable gold @ an average of 170koz/y for 6.5 years
Combined open-pit and underground mining operation
6,000 tpd mill feed rate
97. Deep Carbonates Project – Study Progress
Update
97
Conceptual study continued during H2 2015, with focus on:
• Evaluation of suitable mining methodologies for the SW ore-body (80% of
current resource)
• Continuation of metallurgical test-work:
– Arsenic treatment
– Settling and rheology behaviour
– Reagent and energy consumption
Work programme for 2016:
• Refinement of the chosen mining alternatives and confirmation of
development and operating costs at a conceptual study level
• Identification of a viable arsenic treatment technology
• Determination of SW resource dimension
99. C1 Santa Luz - Update
99
Drilling Program
Drilling progress to date (end 2015)
5,000m/12,400m. Six drill rigs
operating
Primary objective to characterise
the resource geo-mineralogy and
delineate dacitic and carbonaceous
ore types
Includes oriented drill holes to
confirm the open pit geo-technical
characteristics for mine planning
purposes
Peripheral possible benefit of
increasing the resource size
Program will be complete in Q1 2016
100. C1 Santa Luz - Update
100
Metallurgical Testwork
Characterize processing parameters
for the dacitic ore
Optimize processing parameters for
carbonaceous ores
Characterize carbon in the ores and
studies for activated carbon
regeneration
Pre-Feasibility Study
Resource and Reserve to be updated based on drilling results
Geo-metallurgical model and mine plan to be developed to establish ore
processing schedule
Study to be prepared by independent 3rd Party Consultants – RPA and
Ausenco
102. 102
Impairment Approach Under IFRS
Under IFRS, an assessment is made periodically, or when indicators
of impairment are present; when the market capitalization of a
company is lower than its net equity value, an indicator of
impairment may be present.
Estimated recoverable amount for exploration assets is determined
based on observable fair value (which has seen a significant decline
over the past few years) and in the case of an operating mine, it is
based with reference to the estimated discounted future cash flow
projection of that unit, along with any values related to exploration
properties and potential of the mine.
Excess amount in the comparison is impaired and reflected as a non-
cash adjustment in the in the period it is identified.
103. 103
Impairment Approach Under IFRS
IFRS allows a reversal of the impairment when market reference for
exploration concessions increase and metal prices are higher.
Impairment testing for YE 2015 has not yet been concluded. The
Company is analyzing the carrying value of various exploration
concessions and the cash flow projections of its mines in the context
of the deterioration of metal prices over the last several years and
the recognition that capital had been expended, at several mines,
during periods when metal prices were significantly in excess of the
current levels.
Carrying value includes such expended capital, and given the lower
metal prices, the portion of the carrying value based on such
expenditure may not be supportable at the current lower metal
prices.
Any potential impairment would likely affect exploration concessions
and smaller mines.
104. Dividend Policy
104
1) Yamana is committed to maintaining a dividend
Instills financial discipline
Compensates shareholders
2) Need to balance the financial discipline of paying a dividend with
managing the business in the context of current markets
3) Dividends will be revised to $0.02/ share annually compared to
current annualized rate of $0.06/share beginning with the first
quarter 2016 dividend payable in Q2
4) Will continue to evaluate dividend level on regular basis and
consider special dividends and/or share buybacks when
circumstances warrant
105. Debt Profile
105
0
100
200
300
400
500
600
700
2016 2017 2018 2019 2020 2021 2022 2023 2024
$Millions
Senior Debt Notes Malartic Debt
Significant balance
sheet flexibility due
to modest debt
repayments over
short-term
• The 2016 Senior Debt maturity of $73.5M has a payment date of December, and will be repaid using
cash flow generated throughout the year
• Yamana has a strategic objective to focus on monetization initiatives, which serve to reduce debt and
increase cash balances. As part of this strategy, the Company is committed to reducing the
outstanding balance on its credit facility and holding sufficient funds for some or all of the scheduled
debt repayments in 2016 and 2017.
• As is normal practice the Company will seek to refinance the credit facility prior to maturity in May
2020
• Proceeds from the stream in Q4 were used to reduce the outstanding balance on the credit facility
*Note: As of September 30, 2015
108. 108
Sandstorm Stream Summary
Yamana Gold received cash of $140 million and warrants valued at $18.2 million associated with
the Silver and Copper agreements.
The deferred revenue associated with silver and copper is evenly split between the two metals at
$79.1 million, as the fair value of both agreements were virtually the same.
Deferred revenue will be amortized over the life of the arrangement, on a straight line basis,
based on the number of silver ounces or copper pounds expected to be delivered under the
arrangement. The number of ounces or pounds to be delivered under the arrangement may be
updated annually, as mine plans are updated.
Currently, it is expected that delivered metal will result in an amortization of deferred revenue of
$1.44/lb of copper and $7.82/oz of silver.
Amortization of Deferred Revenue by Year in Millions of USD
Year of Delivery 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Copper 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.4 5.2 4.9 3.6 3.1 3.6 3.8 3.3 1.7 2.0 1.3 1.0 1.0
Silver 2.2 2.3 2.1 9.4 9.4 9.4 9.4 9.4 3.6 4.4 4.4 4.4 4.4 4.4 - - - - - -
7.8 7.9 7.7 15.0 15.0 15.0 15.0 14.8 8.9 9.3 8.0 7.5 8.0 8.2 3.3 1.7 2.0 1.3 1.0 1.0
109. 109
Sandstorm Stream Summary
On delivery of metal throughout the agreement, the Company will receive
cash representing 30% of spot, and will amortize the previously discussed
values of Deferred Revenue.
As an example, if copper price is $2.00 and the company sells 100,000
pounds of copper, the Company would:
Recognize revenue of $204,000 (Sum of below)
Amortize deferred revenue by 144,000 (1.44/lb * 100,000 lbs)
Get Cash/A/R of $60,000 ($2.00/lb *100,000 lbs * 30%)
From a cash flow perspective, the Company’s operating cash flow will be
impacted only by the cash portion of the sale, as the deferred revenue
amortization will be treated as a non cash component:
Revenue $204,000
Less: Amortization of Deferred Revenue (144,000)
Cash flow from Operations $60,000
110. Quotational Period Hedging & TC/RC Update
Quotational Period Hedging
In order to minimize variability between the copper price at the time of shipment/invoice
and the time of cash realization, Yamana enters into Quotational Period hedges on the
copper contained in its concentrate
This helps to ensure cash certainty while smoothing out changes in revenue due to changes
in the copper price, and aims to reduce the difference between Yamana’s realized
quarterly copper price and the quarterly market average copper price
Currently, Yamana has hedged 44 million lbs at a price of $2.20 per lb for the first half of
2016. This represents approximately 37% of payable copper for 2016.
Treatment Charges & Refining Charges
2016 TC/RCs on Yamana’s copper concentrate are expected to be lower compared to 2015
levels
For 2016, based on projected sales of 230,000 dmt, the weighted average treatment
charge will be $104 per dmt, and the refining charge will be 10.4¢ per lb of copper
This compares to actual 2015 treatment charges of $106 per dmt, and 10.6¢ per lb of
copper
Higher-cost legacy smelting contract will expire in 2018
110