The corporate presentation provides an overview of Lundin Gold's operations and outlook. It discusses restarting operations after a temporary COVID-19 suspension, with plans to ramp up milling and mining. Production is expected to be 200,000-220,000 ounces of gold in 2020. Exploration will also begin on high priority targets within the company's land package. Strict COVID-19 protocols are in place to protect the workforce as operations continue.
- The corporate presentation provides an overview of Lundin Gold's Fruta del Norte gold mine in Ecuador, highlighting its first half 2020 results, second half 2020 outlook, and future growth potential.
- Operations were temporarily suspended in March 2020 due to COVID-19 but restarted in July 2020. Gold production for 2020 is estimated to be 200,000-220,000 ounces.
- Lundin Gold is evaluating opportunities to increase throughput at the mine and mill to 4,000-4,500 tonnes per day by 2021.
- Exploration drilling is planned at the high priority Barbasco target later in 2020 to test for extensions of the Fruta del Norte deposit.
The virtual town hall presentation provided an overview of Lundin Gold's Fruta del Norte gold mine in Ecuador, including:
1) Highlights from the third quarter of 2020, including gold production, costs, and financial results.
2) Details on the underground mine development and plans to expand throughput.
3) Exploration plans to expand resources at nearby targets like Barbasco.
4) Status updates on remaining construction projects and COVID-19 safety protocols.
5) Details on community support programs during the COVID-19 pandemic.
- Lundin Gold exceeded its 2020 production guidance and beat its H2 2020 guidance across all metrics including gold production, average mill throughput, average head grade, and average all-in sustaining costs.
- The company provided 2021 guidance of 380,000 to 420,000 ounces of gold production with average all-in sustaining costs of $770 to $830 per ounce.
- Lundin Gold is focused on ongoing construction projects and an expansion to increase mill throughput to 4,200 tpd by Q4 2021, which is expected to increase annual gold production by 20%.
- Lundin Gold exceeded its 2020 production guidance and provided 2021 guidance of 380,000 to 420,000 ounces of gold production.
- Probable mineral reserves increased 5% to 5.24 million ounces of gold following conversion of mineable sections to long hole stoping.
- Exploration drilling continues to target resource expansion at Fruta del Norte and discovery of another high-grade deposit in the region.
- Lundin Gold restarted operations at its Fruta del Norte gold mine in Ecuador in July 2020 after a three month suspension due to COVID-19.
- Production guidance for 2020 is 200,000-220,000 ounces of gold with cash costs of $715-780 per ounce and all-in sustaining costs of $770-850 per ounce.
- The mill is currently running at near design throughput and the mine is ramping up over the next three months. Lundin Gold also has a strong financial position.
Lundin Gold provided a corporate presentation in May 2021 that included the following key points:
- The company remains on track to meet 2021 production guidance of 380,000 to 420,000 ounces of gold at an AISC of $770 to $830 per ounce.
- Probable mineral reserves increased 5% to 5.24 million ounces of gold with a 14-year mine life.
- Exploration drilling commenced in Q1 2021 targeting the expansion of resources at Fruta del Norte and discovery of another large deposit.
- Construction projects are progressing on schedule including the throughput expansion to 4,200 tpd by Q4 2021.
Lundin Gold provides a corporate presentation that includes the following:
- Cautionary language regarding forward-looking statements and inherent risks and uncertainties.
- Details achieving commercial production ahead of schedule in 2020 but operations were temporarily suspended due to COVID-19, restarting in July with strict protocols.
- Highlights beating 2020 guidance for gold production, average throughput, and all-in sustaining costs driven by stronger than expected recovery, grade, and throughput.
Lundin Gold provides a corporate presentation for February 2021 that includes the following key points in 3 sentences:
It cautions readers that the presentation contains forward-looking statements regarding estimates, costs, production plans, and exploration activities which are subject to risks and uncertainties. It summarizes 2020 operating results which exceeded guidance and its plans for throughput expansion to 4,200 tpd in 2021. It also discusses ongoing construction projects, an increased mineral reserve estimate, ongoing exploration drilling with high priority targets, and its COVID-19 response and responsible mining strategies.
- The corporate presentation provides an overview of Lundin Gold's Fruta del Norte gold mine in Ecuador, highlighting its first half 2020 results, second half 2020 outlook, and future growth potential.
- Operations were temporarily suspended in March 2020 due to COVID-19 but restarted in July 2020. Gold production for 2020 is estimated to be 200,000-220,000 ounces.
- Lundin Gold is evaluating opportunities to increase throughput at the mine and mill to 4,000-4,500 tonnes per day by 2021.
- Exploration drilling is planned at the high priority Barbasco target later in 2020 to test for extensions of the Fruta del Norte deposit.
The virtual town hall presentation provided an overview of Lundin Gold's Fruta del Norte gold mine in Ecuador, including:
1) Highlights from the third quarter of 2020, including gold production, costs, and financial results.
2) Details on the underground mine development and plans to expand throughput.
3) Exploration plans to expand resources at nearby targets like Barbasco.
4) Status updates on remaining construction projects and COVID-19 safety protocols.
5) Details on community support programs during the COVID-19 pandemic.
- Lundin Gold exceeded its 2020 production guidance and beat its H2 2020 guidance across all metrics including gold production, average mill throughput, average head grade, and average all-in sustaining costs.
- The company provided 2021 guidance of 380,000 to 420,000 ounces of gold production with average all-in sustaining costs of $770 to $830 per ounce.
- Lundin Gold is focused on ongoing construction projects and an expansion to increase mill throughput to 4,200 tpd by Q4 2021, which is expected to increase annual gold production by 20%.
- Lundin Gold exceeded its 2020 production guidance and provided 2021 guidance of 380,000 to 420,000 ounces of gold production.
- Probable mineral reserves increased 5% to 5.24 million ounces of gold following conversion of mineable sections to long hole stoping.
- Exploration drilling continues to target resource expansion at Fruta del Norte and discovery of another high-grade deposit in the region.
- Lundin Gold restarted operations at its Fruta del Norte gold mine in Ecuador in July 2020 after a three month suspension due to COVID-19.
- Production guidance for 2020 is 200,000-220,000 ounces of gold with cash costs of $715-780 per ounce and all-in sustaining costs of $770-850 per ounce.
- The mill is currently running at near design throughput and the mine is ramping up over the next three months. Lundin Gold also has a strong financial position.
Lundin Gold provided a corporate presentation in May 2021 that included the following key points:
- The company remains on track to meet 2021 production guidance of 380,000 to 420,000 ounces of gold at an AISC of $770 to $830 per ounce.
- Probable mineral reserves increased 5% to 5.24 million ounces of gold with a 14-year mine life.
- Exploration drilling commenced in Q1 2021 targeting the expansion of resources at Fruta del Norte and discovery of another large deposit.
- Construction projects are progressing on schedule including the throughput expansion to 4,200 tpd by Q4 2021.
Lundin Gold provides a corporate presentation that includes the following:
- Cautionary language regarding forward-looking statements and inherent risks and uncertainties.
- Details achieving commercial production ahead of schedule in 2020 but operations were temporarily suspended due to COVID-19, restarting in July with strict protocols.
- Highlights beating 2020 guidance for gold production, average throughput, and all-in sustaining costs driven by stronger than expected recovery, grade, and throughput.
Lundin Gold provides a corporate presentation for February 2021 that includes the following key points in 3 sentences:
It cautions readers that the presentation contains forward-looking statements regarding estimates, costs, production plans, and exploration activities which are subject to risks and uncertainties. It summarizes 2020 operating results which exceeded guidance and its plans for throughput expansion to 4,200 tpd in 2021. It also discusses ongoing construction projects, an increased mineral reserve estimate, ongoing exploration drilling with high priority targets, and its COVID-19 response and responsible mining strategies.
- Lundin Gold held a conference call to discuss its third quarter 2020 results and provide an operational update
- In Q3 2020, Lundin mined 265,298 tonnes of ore, processed 324,000 tonnes at an average daily rate of 3,340 tpd with average head grade of 10.4 g/t, and produced 94,250 ounces of gold
- Strict COVID-19 protocols have been implemented at site with only 34 cases identified and no current active cases
- Exploration drilling is expected to start in early 2021 at the high priority Barbasco target located within the same basin as Fruta del Norte
- Throughput expansion and resource expansion drilling programs are also planned to increase production over the
- Lundin Gold held a third quarter 2021 results conference call on November 10, 2021 to discuss strong operational and financial results.
- Production for the quarter was 107,663 ounces of gold, keeping the company on track to meet 2021 guidance of 380,000-420,000 ounces.
- The mill expansion to 4,200 tonnes per day was completed on schedule and on budget.
- Exploration drilling continued during the quarter at the Puente-Princesa target near Fruta del Norte, with initial results expected in Q1 2022.
The document summarizes Lundin Gold's Precious Metals Summit 2021, held November 15-16, 2021. It discusses Lundin Gold's operational excellence, reserve growth, throughput expansion, and exploration activities. Key points include producing 107,663 ounces of gold in Q3 2021, with year-to-date production of 320,599 ounces. Lundin Gold is on track to meet its 2021 production guidance of 380,000-420,000 ounces. It also discusses the company's strong cash position of $221.8 million as of September 30, 2021, ongoing construction projects, and resource expansion and regional exploration drilling programs.
The document provides an overview of Lundin Gold's virtual non-deal roadshow held on October 19, 2021. It includes standard cautionary language about forward-looking statements and references that actual results could differ from expectations. Key details summarized include:
- Lundin Gold owns the Fruta del Norte gold mine in Ecuador which is in production.
- 2021 production guidance is between 350,000-420,000 ounces of gold at an all-in sustaining cost of $770-$830 per ounce.
- The company is working to expand throughput to 4,200 tonnes per day by the fourth quarter of 2021 and continues exploration drilling and development projects.
Lundin Gold beat its 2021 gold production guidance and is providing guidance for 2022 of 405,000 to 445,000 ounces of gold production. The company generated $417.8 million in operating cash flow in 2021 and ended the year with $262.6 million in cash. Lundin Gold also continues exploration drilling and construction of the South Ventilation Raise project, with anticipated completion in Q2 2022. The company's strong cash flow positions it to deliver value to shareholders.
BMO Capital Markets 26th Global Metals & Mining ConferencePretiumR
- Pretium Resources is advancing construction of its high-grade Brucejack gold mine in northern British Columbia, with commissioning targeted for early 2017.
- Brucejack hosts high-grade gold reserves of 15.6 million tonnes grading 16.1 g/t gold for 8.1 million ounces of gold.
- Construction is nearing completion, with over 130,000 tonnes of ore stockpiled and underground development advancing. Commissioning of the process plant is scheduled for April 2017.
- Brucejack is expected to produce an average of 404,000 ounces of gold per year over its 18-year mine life.
- Lundin Gold held a conference call to discuss its second quarter 2021 results
- The company produced over 108,000 ounces of gold in the first half of 2021 and remains on track to meet its full year guidance of 380,000-420,000 ounces
- Expansion projects continue on schedule, with the mill expected to reach 4,200 tonnes per day throughput in Q4 2021
- Exploration drilling is underway to expand resources at the Fruta del Norte deposit and test new targets, with over 7,000 meters drilled so far in 2021
The document provides an overview of Agnico Eagle Mines Limited's fourth quarter and full year 2013 results. Some key points:
- Record annual gold production of 1.10 million ounces, exceeding guidance of 1.06 million ounces. Total cash costs were $672 per ounce, below guidance of $690.
- Commercial production was declared at the Goldex mine and commissioning is on track at La India.
- A non-cash impairment charge of $436 million was recorded due to the lower gold price environment. The quarterly dividend was also reduced.
- Production is expected to grow moderately through 2016 according to estimates. Capital expenditures are projected to remain at manageable levels.
- Pro
Lundin Gold provided a corporate presentation in June 2021 that included the following key points:
- The company is on track to meet 2021 production guidance of 380,000-420,000 ounces of gold.
- Probable gold reserves at Fruta del Norte increased 5% to 5.24 million ounces.
- Exploration drilling is ongoing to expand resources at Fruta del Norte and test regional targets.
- Construction projects and the mill throughput expansion remain on schedule.
- The document summarizes Lundin Gold's fourth quarter 2020 results conference call, which discussed the company's strong operational and financial performance in the second half of 2020 despite challenges from the COVID-19 pandemic.
- Lundin Gold exceeded its production, throughput, grade, and cost guidance for the second half of 2020 and achieved commercial production ahead of schedule in February 2020.
- Construction continues on projects to expand throughput and improve ventilation, with completion expected in the first half of 2021.
- Guidance for 2021 incorporates the planned throughput expansion to over 4,000 tpd by the fourth quarter.
- Lundin Gold provided a corporate presentation in May 2021 that included cautionary statements regarding forward-looking information and statements, noting inherent risks and uncertainties.
- The presentation highlighted operational excellence, reserve growth through conversion to long hole stoping, the throughput expansion project, and regional exploration programs.
- In Q1 2021 Lundin Gold produced over 51,000 ounces of gold and remained on track to meet 2021 production guidance.
Raymond James 35th Annual Institutional Investors ConferenceAgnico Eagle Mines
Raymond James 35th Annual Institutional Investors Conference presentation by Agnico Eagle Mines President and CEO Sean Boyd:
1) Agnico Eagle reported record annual gold production in 2013 of 1.1 million ounces at a total cash cost of $672 per ounce, lower than guidance.
2) Production is forecast to grow moderately through 2016 to 1.25 million ounces annually, from assets located in mining-friendly jurisdictions.
3) Capital spending is projected to remain below $1 billion annually through 2014-2016 to fund production growth from existing operations.
Lundin Gold provided a corporate presentation at the Gold Forum Americas 2021 that included the following key points:
- The company is on track to meet its 2021 production guidance of 380,000-420,000 ounces of gold and all-in sustaining costs of $770-$830 per ounce.
- Exploration drilling continues at the Fruta del Norte mine with the goal of expanding resources and discovering another large deposit.
- Construction is progressing on the mill expansion project, which is expected to increase throughput to 4,200 tonnes per day by the fourth quarter of 2021.
- Lundin Gold continues to generate strong cash flows and has a robust balance sheet to fund ongoing operations and projects.
- Lundin Gold provided a corporate presentation in May 2021 that included cautionary statements regarding forward-looking information and statements, noting inherent risks and uncertainties.
- The presentation highlighted operational excellence, reserve growth through conversion to long hole stoping, the throughput expansion project, and regional exploration programs.
- In Q1 2021 Lundin Gold produced over 51,000 ounces of gold and remained on track to meet 2021 production guidance.
New gold presentation november 2017v finalnewgold2011
The corporate presentation provides cautionary statements regarding forward-looking information in the document. It notes that all dollar amounts are in US dollars unless otherwise stated, and that the presentation contains forward-looking statements regarding New Gold's future performance, including expectations for production, costs, and development activities. It cautions that these forward-looking statements are based on a number of assumptions and are subject to various risks and uncertainties, such that actual results could differ materially from expectations.
Kirkland Lake Gold is a gold producer with operations in Canada and Australia. It is targeting extensive organic growth through continued exploration success and reserve growth at its Fosterville mine in Australia and Macassa mine in Canada. Kirkland Lake Gold has reported significant exploration successes recently that have doubled reserves at Fosterville and increased reserves by 37% at Macassa. The company is also generating substantial free cash flow and has a strong balance sheet, positioning it to invest capital for further value creation.
This corporate presentation provides guidance for Lundin Gold's 2021 operations and exploration plans. It also discusses Lundin Gold's COVID-19 protocols and community support programs. Key points include:
- 2021 gold production is estimated between 380,000 to 420,000 ounces at an average mill throughput of 3,500 tonnes per day increasing to 4,200 tonnes per day in Q4.
- Remaining construction projects include completing the South Ventilation Raise and the Zamora River Bridge.
- A $18.6 million throughput expansion is expected to increase production by 20% starting in Q3 2021.
- Exploration drilling will target resource expansion near Fruta del Norte and test new targets including Bar
This corporate presentation provides guidance for Lundin Gold's 2021 operations and exploration plans. It also discusses Lundin Gold's COVID-19 protocols and community support programs. Key points include:
- 2021 gold production is estimated between 380,000 to 420,000 ounces at an average mill throughput of 3,500 tonnes per day increasing to 4,200 tonnes per day in Q4.
- Remaining construction projects include completing the South Ventilation Raise and the Zamora River Bridge.
- A $18.6 million throughput expansion is expected to increase production by 20% starting in Q3 2021.
- Exploration drilling will target resource expansion near Fruta del Norte and test prospects like Barbas
- The document discusses the Brucejack gold mine located in British Columbia, Canada. It provides details on the mine's high-grade gold reserves, planned production levels over an 18 year mine life, and robust project economics.
- Construction of the Brucejack mine has been advancing over the past few years, with ore now being introduced to the mill. Commissioning of the mine is nearing completion.
- The mine has the potential for further exploration in the surrounding areas to expand resources. Community engagement efforts have focused on employment and commercial opportunities for local First Nations groups.
- Lundin Gold has restarted operations at its Fruta del Norte gold mine in Ecuador after a three month suspension due to COVID-19.
- Production is expected to be between 200,000-220,000 ounces of gold for 2020 as the mine ramps up over the next three months.
- Strict COVID-19 protocols are in place to protect workers, including quarantines, testing, physical distancing, and increased sanitization.
- Lundin Gold has restarted operations at its Fruta del Norte gold mine in Ecuador after a three month suspension due to COVID-19.
- Production is expected to be between 200,000-220,000 ounces of gold for 2020 as the mine ramps up over the next three months.
- Strict COVID-19 protocols are in place to protect workers, including quarantines, testing, physical distancing, and increased sanitization.
- Lundin Gold held a conference call to discuss its third quarter 2020 results and provide an operational update
- In Q3 2020, Lundin mined 265,298 tonnes of ore, processed 324,000 tonnes at an average daily rate of 3,340 tpd with average head grade of 10.4 g/t, and produced 94,250 ounces of gold
- Strict COVID-19 protocols have been implemented at site with only 34 cases identified and no current active cases
- Exploration drilling is expected to start in early 2021 at the high priority Barbasco target located within the same basin as Fruta del Norte
- Throughput expansion and resource expansion drilling programs are also planned to increase production over the
- Lundin Gold held a third quarter 2021 results conference call on November 10, 2021 to discuss strong operational and financial results.
- Production for the quarter was 107,663 ounces of gold, keeping the company on track to meet 2021 guidance of 380,000-420,000 ounces.
- The mill expansion to 4,200 tonnes per day was completed on schedule and on budget.
- Exploration drilling continued during the quarter at the Puente-Princesa target near Fruta del Norte, with initial results expected in Q1 2022.
The document summarizes Lundin Gold's Precious Metals Summit 2021, held November 15-16, 2021. It discusses Lundin Gold's operational excellence, reserve growth, throughput expansion, and exploration activities. Key points include producing 107,663 ounces of gold in Q3 2021, with year-to-date production of 320,599 ounces. Lundin Gold is on track to meet its 2021 production guidance of 380,000-420,000 ounces. It also discusses the company's strong cash position of $221.8 million as of September 30, 2021, ongoing construction projects, and resource expansion and regional exploration drilling programs.
The document provides an overview of Lundin Gold's virtual non-deal roadshow held on October 19, 2021. It includes standard cautionary language about forward-looking statements and references that actual results could differ from expectations. Key details summarized include:
- Lundin Gold owns the Fruta del Norte gold mine in Ecuador which is in production.
- 2021 production guidance is between 350,000-420,000 ounces of gold at an all-in sustaining cost of $770-$830 per ounce.
- The company is working to expand throughput to 4,200 tonnes per day by the fourth quarter of 2021 and continues exploration drilling and development projects.
Lundin Gold beat its 2021 gold production guidance and is providing guidance for 2022 of 405,000 to 445,000 ounces of gold production. The company generated $417.8 million in operating cash flow in 2021 and ended the year with $262.6 million in cash. Lundin Gold also continues exploration drilling and construction of the South Ventilation Raise project, with anticipated completion in Q2 2022. The company's strong cash flow positions it to deliver value to shareholders.
BMO Capital Markets 26th Global Metals & Mining ConferencePretiumR
- Pretium Resources is advancing construction of its high-grade Brucejack gold mine in northern British Columbia, with commissioning targeted for early 2017.
- Brucejack hosts high-grade gold reserves of 15.6 million tonnes grading 16.1 g/t gold for 8.1 million ounces of gold.
- Construction is nearing completion, with over 130,000 tonnes of ore stockpiled and underground development advancing. Commissioning of the process plant is scheduled for April 2017.
- Brucejack is expected to produce an average of 404,000 ounces of gold per year over its 18-year mine life.
- Lundin Gold held a conference call to discuss its second quarter 2021 results
- The company produced over 108,000 ounces of gold in the first half of 2021 and remains on track to meet its full year guidance of 380,000-420,000 ounces
- Expansion projects continue on schedule, with the mill expected to reach 4,200 tonnes per day throughput in Q4 2021
- Exploration drilling is underway to expand resources at the Fruta del Norte deposit and test new targets, with over 7,000 meters drilled so far in 2021
The document provides an overview of Agnico Eagle Mines Limited's fourth quarter and full year 2013 results. Some key points:
- Record annual gold production of 1.10 million ounces, exceeding guidance of 1.06 million ounces. Total cash costs were $672 per ounce, below guidance of $690.
- Commercial production was declared at the Goldex mine and commissioning is on track at La India.
- A non-cash impairment charge of $436 million was recorded due to the lower gold price environment. The quarterly dividend was also reduced.
- Production is expected to grow moderately through 2016 according to estimates. Capital expenditures are projected to remain at manageable levels.
- Pro
Lundin Gold provided a corporate presentation in June 2021 that included the following key points:
- The company is on track to meet 2021 production guidance of 380,000-420,000 ounces of gold.
- Probable gold reserves at Fruta del Norte increased 5% to 5.24 million ounces.
- Exploration drilling is ongoing to expand resources at Fruta del Norte and test regional targets.
- Construction projects and the mill throughput expansion remain on schedule.
- The document summarizes Lundin Gold's fourth quarter 2020 results conference call, which discussed the company's strong operational and financial performance in the second half of 2020 despite challenges from the COVID-19 pandemic.
- Lundin Gold exceeded its production, throughput, grade, and cost guidance for the second half of 2020 and achieved commercial production ahead of schedule in February 2020.
- Construction continues on projects to expand throughput and improve ventilation, with completion expected in the first half of 2021.
- Guidance for 2021 incorporates the planned throughput expansion to over 4,000 tpd by the fourth quarter.
- Lundin Gold provided a corporate presentation in May 2021 that included cautionary statements regarding forward-looking information and statements, noting inherent risks and uncertainties.
- The presentation highlighted operational excellence, reserve growth through conversion to long hole stoping, the throughput expansion project, and regional exploration programs.
- In Q1 2021 Lundin Gold produced over 51,000 ounces of gold and remained on track to meet 2021 production guidance.
Raymond James 35th Annual Institutional Investors ConferenceAgnico Eagle Mines
Raymond James 35th Annual Institutional Investors Conference presentation by Agnico Eagle Mines President and CEO Sean Boyd:
1) Agnico Eagle reported record annual gold production in 2013 of 1.1 million ounces at a total cash cost of $672 per ounce, lower than guidance.
2) Production is forecast to grow moderately through 2016 to 1.25 million ounces annually, from assets located in mining-friendly jurisdictions.
3) Capital spending is projected to remain below $1 billion annually through 2014-2016 to fund production growth from existing operations.
Lundin Gold provided a corporate presentation at the Gold Forum Americas 2021 that included the following key points:
- The company is on track to meet its 2021 production guidance of 380,000-420,000 ounces of gold and all-in sustaining costs of $770-$830 per ounce.
- Exploration drilling continues at the Fruta del Norte mine with the goal of expanding resources and discovering another large deposit.
- Construction is progressing on the mill expansion project, which is expected to increase throughput to 4,200 tonnes per day by the fourth quarter of 2021.
- Lundin Gold continues to generate strong cash flows and has a robust balance sheet to fund ongoing operations and projects.
- Lundin Gold provided a corporate presentation in May 2021 that included cautionary statements regarding forward-looking information and statements, noting inherent risks and uncertainties.
- The presentation highlighted operational excellence, reserve growth through conversion to long hole stoping, the throughput expansion project, and regional exploration programs.
- In Q1 2021 Lundin Gold produced over 51,000 ounces of gold and remained on track to meet 2021 production guidance.
New gold presentation november 2017v finalnewgold2011
The corporate presentation provides cautionary statements regarding forward-looking information in the document. It notes that all dollar amounts are in US dollars unless otherwise stated, and that the presentation contains forward-looking statements regarding New Gold's future performance, including expectations for production, costs, and development activities. It cautions that these forward-looking statements are based on a number of assumptions and are subject to various risks and uncertainties, such that actual results could differ materially from expectations.
Kirkland Lake Gold is a gold producer with operations in Canada and Australia. It is targeting extensive organic growth through continued exploration success and reserve growth at its Fosterville mine in Australia and Macassa mine in Canada. Kirkland Lake Gold has reported significant exploration successes recently that have doubled reserves at Fosterville and increased reserves by 37% at Macassa. The company is also generating substantial free cash flow and has a strong balance sheet, positioning it to invest capital for further value creation.
This corporate presentation provides guidance for Lundin Gold's 2021 operations and exploration plans. It also discusses Lundin Gold's COVID-19 protocols and community support programs. Key points include:
- 2021 gold production is estimated between 380,000 to 420,000 ounces at an average mill throughput of 3,500 tonnes per day increasing to 4,200 tonnes per day in Q4.
- Remaining construction projects include completing the South Ventilation Raise and the Zamora River Bridge.
- A $18.6 million throughput expansion is expected to increase production by 20% starting in Q3 2021.
- Exploration drilling will target resource expansion near Fruta del Norte and test new targets including Bar
This corporate presentation provides guidance for Lundin Gold's 2021 operations and exploration plans. It also discusses Lundin Gold's COVID-19 protocols and community support programs. Key points include:
- 2021 gold production is estimated between 380,000 to 420,000 ounces at an average mill throughput of 3,500 tonnes per day increasing to 4,200 tonnes per day in Q4.
- Remaining construction projects include completing the South Ventilation Raise and the Zamora River Bridge.
- A $18.6 million throughput expansion is expected to increase production by 20% starting in Q3 2021.
- Exploration drilling will target resource expansion near Fruta del Norte and test prospects like Barbas
- The document discusses the Brucejack gold mine located in British Columbia, Canada. It provides details on the mine's high-grade gold reserves, planned production levels over an 18 year mine life, and robust project economics.
- Construction of the Brucejack mine has been advancing over the past few years, with ore now being introduced to the mill. Commissioning of the mine is nearing completion.
- The mine has the potential for further exploration in the surrounding areas to expand resources. Community engagement efforts have focused on employment and commercial opportunities for local First Nations groups.
- Lundin Gold has restarted operations at its Fruta del Norte gold mine in Ecuador after a three month suspension due to COVID-19.
- Production is expected to be between 200,000-220,000 ounces of gold for 2020 as the mine ramps up over the next three months.
- Strict COVID-19 protocols are in place to protect workers, including quarantines, testing, physical distancing, and increased sanitization.
- Lundin Gold has restarted operations at its Fruta del Norte gold mine in Ecuador after a three month suspension due to COVID-19.
- Production is expected to be between 200,000-220,000 ounces of gold for 2020 as the mine ramps up over the next three months.
- Strict COVID-19 protocols are in place to protect workers, including quarantines, testing, physical distancing, and increased sanitization.
- Lundin Gold declared commercial production at its Fruta del Norte gold mine in Ecuador ahead of schedule in Q1 2020, producing over 51,000 ounces of gold.
- Operations were temporarily suspended in March due to COVID-19 but the company is working to restart operations safely in Q3 2020.
- With a strong financial position and low costs of production, Lundin Gold is well positioned to ramp up operations at Fruta del Norte as one of the few multi-million ounce, high-grade gold assets currently in production.
- Lundin Gold reported strong Q1 2022 results including record quarterly gold production of 121,665 oz.
- Cash costs of $619/oz and AISC of $696/oz were below guidance. Cash flow from operations was $127 million and free cash flow was nearly $92 million.
- Construction of the south ventilation raise is ongoing and expected to be completed by end of Q2 2022. Other capital projects including the third raise of the tailings dam are ramping up.
- Exploration drilling continued during the quarter near FDN and at regional targets Barbasco and Puente Princesa.
This document provides an overview of Lundin Gold's Fruta del Norte gold project in Ecuador. It summarizes that first gold production is expected in Q4 2019 and commercial production in 2020. The mine has probable reserves of 5 million ounces of gold at an average grade of 8.74 g/t. The project is fully funded with construction 65% complete. Exploration potential is also discussed, with high priority targets identified within the underexplored Suarez pull-apart basin structure.
- Lundin Gold declared commercial production at its Fruta del Norte gold mine in Ecuador ahead of schedule in Q1 2020.
- The mine is expected to produce an average of 325,000 ounces of gold per year with an all-in sustaining cost of $621/oz and generate $20.9 million from initial gold sales in 2019.
- Exploration potential exists within the company's land holdings near Fruta del Norte, with priority targets including Barbasco that shows similarities to the existing mine.
The document provides information on forward-looking statements and disclaimers related to Lundin Gold's Fruta del Norte gold project in Ecuador. It notes that forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially. The technical information is based on a 2016 technical report and was reviewed by qualified persons. Unless otherwise indicated, all dollar values are in US dollars.
The 25th Annual CIBC Western Institutional Investor Conference will take place from January 19th to 21st, 2022. Lundin Gold provides forward-looking statements and cautions that actual results could differ from expectations. Lundin Gold exceeded 2021 gold production guidance and is focused on operational optimization. For 2022, Lundin Gold guidance is for 405,000 to 445,000 ounces of gold production. Lundin Gold has a multi-year outlook showing strong and sustainable free cash flow generation.
Lundin Gold hosted a conference from January 26th-28th, 2022 to discuss its Fruta del Norte gold mine in Ecuador. The presentation contained forward-looking statements regarding estimates and expectations for gold production, costs, exploration activities, and regional growth opportunities. It cautioned that actual results could differ from expectations due to risks and uncertainties. It also provided 2021 results which exceeded guidance, 2022 production guidance of 405,000-445,000 ounces of gold, and a three-year outlook showing steady production and significant free cash flow. Lundin Gold aims to create shareholder value through operational excellence, growth opportunities, and strong ESG practices.
- Lundin Gold reported strong Q2 2022 results from its Fruta del Norte gold mine in Ecuador, including gold production of 111,890 ounces.
- Based on the strong performance, Lundin Gold increased its 2022 production guidance to 430,000-460,000 ounces of gold and lowered its AISC guidance to $820-$870 per ounce.
- The company also announced its inaugural dividend of $0.20 per share to be paid in September 2022, representing an industry-leading dividend yield of over 5%.
Lundin Gold provided guidance for 2021 that incorporates a throughput expansion project to increase production. Production is estimated to be between 380,000 to 420,000 ounces of gold at an average head grade of 10.4 g/t and recovery of 90%. All-in sustaining costs are estimated between $770 to $830 per ounce. Probable mineral reserves increased 8% to 5.41 million ounces of gold. Lundin also outlined exploration plans to start a $11 million drill program to test targets near Fruta del Norte, with the aim of discovering another high-grade epithermal deposit.
Lundin Gold Scotiabank Mining Conference November 30 - December 1, 2021Adnet Communications
The document provides information about Lundin Gold's participation in the Scotiabank Mining Conference on November 30th to December 1st, 2021. It cautions readers about forward-looking statements in the presentation and responses to questions, noting that actual results could differ materially from expectations. It also notes that technical information is based on a 2016 technical report for the Fruta del Norte Project and was reviewed by Lundin Gold's President and CEO. Finally, it provides important information for US investors about mineral resource classifications.
The document discusses forward-looking statements and information regarding Lundin Gold's Fruta del Norte gold project in Ecuador. It summarizes that project funding is substantially complete, underground mine development is on track, and process plant construction is well underway. The first gold from the project is expected in Q4 2019.
This document provides an overview and summary of Lundin Gold's Fruta del Norte gold project in Ecuador. Key points include:
- First gold production is expected in Q4 2019 and commercial production is scheduled for 2020. The mine has a projected 15-year lifespan.
- The project contains probable reserves of over 5 million ounces of gold and is fully funded with construction 73% complete.
- Lundin Gold expects average annual gold production of over 310,000 ounces during the first 13 years of mine operations.
- The Fruta del Norte deposit is located within a major underexplored mineralized trend that represents significant exploration upside potential for Lundin Gold.
This document provides an overview and summary of Lundin Gold's Fruta del Norte gold project in Ecuador. Key points include:
- First gold production is expected in Q4 2019 and commercial production is anticipated to exceed 310,000 ounces per year.
- The mine has probable reserves of 5 million ounces of gold and is fully funded with construction 73% complete.
- Exploration potential exists within the underexplored 64,400 hectare land package around Fruta del Norte located within a major gold-silver mineralized trend. Priority targets include Barbasco, Puente-Princesa, and Gata Salvaje.
This document provides an overview of the Fruta del Norte Gold Project in Ecuador. It summarizes that first gold production is expected in Q4 2019, with the project being fully funded and 82% construction complete. It also notes that the project is located within a major under-explored mineralized trend, presenting exploration upside potential.
- The corporate presentation provides an overview of Lundin Gold's Fruta del Norte gold mine in Ecuador, which began commercial production in late 2019.
- The mine is expected to produce an average of 325,000 ounces of gold per year with an all-in sustaining cost of $621 per ounce and generate significant free cash flow in the coming years.
- Lundin Gold aims to be a catalyst for sustainable development in Ecuador by focusing on local employment, procurement, and economic diversification in the surrounding communities.
The document provides an overview of Lundin Gold Inc., including forward-looking statements and disclaimers. It summarizes Lundin Gold's Fruta del Norte gold project in Ecuador, which is expected to begin production in late 2019. The project has over 4 million ounces of gold reserves and is projected to produce over 300,000 ounces annually at attractive costs. Lundin Gold also discusses the project's status, financing package, management team, and commitments to sustainability.
This document provides an overview of Lundin Gold Inc. and its Fruta del Norte gold mine project in Ecuador. It summarizes key details about the project including reserves and mine plan details, capital and operating costs, financing, management team experience, and environmental permitting. It also discusses Lundin Gold's commitments to business sustainability and contributions to local economic development in Ecuador.
The document discusses forward-looking statements and disclaimers around Lundin Gold's project. It provides an overview of Lundin Gold's capital structure, management team experience, the Fruta del Norte project in Ecuador, and recent project updates. Key points include Lundin Gold's experienced management team, the large, high-grade nature of the Fruta del Norte gold deposit, plans for average annual production of 325,000 ounces over a 15-year mine life, and that construction is underway with first gold production expected in Q4 2019.
Similar to Lundin Gold Corporate Presentation - September 2020 (20)
Tristar Gold is developing the Castelo de Sonhos gold project in Brazil. The project has a 1.4 million ounce open pit reserve and a positive pre-feasibility study showing a 33% IRR and $399 million NPV at $1,550 gold price. Tristar is advancing permitting and aims to receive its installation license in 2024 to begin construction of a 3.6 million tonne per year operation. The project has significant exploration upside to expand resources along strike and at depth.
20240314 Calibre March 2024 Investor Presentation (FINAL).pdfAdnet Communications
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This document provides an overview of Lundin Gold's exploration activities and goals. In 2023, Lundin Gold conducted over 35,000 meters of near-mine drilling and over 8,000 meters of regional drilling to explore for new discoveries. Conversion drilling totaled over 11,000 meters to replace depleted reserves. The 2024 exploration program budget is $42 million, making it the largest program conducted on Lundin Gold's land package. Near-mine drilling is extending known mineralization at the Bonza Sur and FDNS targets. Regional drilling aims to make new discoveries of large gold deposits.
The document provides an overview of Strategic Resources' corporate presentation from March 2024. It discusses a three phase plan to develop an iron pelletizing facility and eventually the fully permitted BlackRock mine in Quebec. Phase 1 would produce direct reduction grade iron ore pellets using third party feedstock. Phase 2 could produce direct reduced iron or hot briquetted iron. Phase 3 involves building the BlackRock mine and facilities to produce high purity pig iron, vanadium, and titanium products. The presentation outlines the project's economics, location advantages, and potential to support the green transition in steelmaking.
This document provides an overview of Tristar Gold Inc., a gold mining company developing the Castle of Dreams gold project in Brazil. Key points include:
- The Castle of Dreams project has a 1.4 million ounce gold reserve identified in a 2021 PFS study, with potential to expand further.
- The PFS outlined an 11-year mine life with average annual production of 121,000 ounces at an AISC of $900/ounce and post-tax IRR of 28% at $1,550 gold.
- Tristar is advancing permitting for the project and aims to receive the installation license in 2023 to begin construction in 2024.
- The management team
Strategic Resources Corporate Presentation - March 2024 UpdateAdnet Communications
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Administración de carteras
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Desarrollo de tu marca personal
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Y mucho más
Link de registro
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Contacto:
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2. Disclaimer
All statements, other than statements of historical fact, made and information contained in this
presentation and responses to questions constitute “forward-looking information” or “forward-
looking statements” as those terms are defined under Canadian securities laws (“forward-
looking statements”). Forward-looking statements may be identified by terminology such
“believes”, “anticipates”, “expects”, “is expected”, “scheduled”, “estimates”, “pending”,
“intends”, “plans”, “forecasts”, “targets”, or “hopes”, or variations of such words and phrases or
statements that certain actions, events or results “may”, “could”, “would”, “will”, “should”
“might”, “will be taken”, or “occur” and similar expressions).
By their nature, forward-looking statements involve assumptions, inherent risks and
uncertainties, many of which are difficult to predict, and are usually beyond the control of
management, that could cause actual results to be materially different from those expressed
by these forward-looking. Lundin Gold believes that the expectations reflected in these
forward-looking statements are reasonable as of the date made, but no assurance can be
given that these expectations will prove to be correct. In particular, this presentation
contains forward-looking statements pertaining to: the restart of operations, its plans to
ramp up mill and mining operations, efforts to protect its workforce from COVID-19, its 2020
production outlook, including estimates of gold production, grades and recoveries and its
expectations regarding all-in-sustaining costs, the expected timing of completion of the
south ventilation raise and other capital projects, estimates of mineral reserves and
resources and exploration plans and potential, the feasibility of increasing mine and mill
throughput and timing of implementation, the effectiveness of the Company’s sustainability
efforts and benefits to be derived under agreements with the government.
There can be no assurance that such statements will prove to be accurate, as Lundin Gold's
actual results and future events could differ materially from those anticipated as a result of
the factors discussed in the "Risk Factors" section Lundin Gold’s Annual Information Form
dated March 24, 2020 and its short form prospectus dated June 8, 2020, which are available
on SEDAR at www.sedar.com. Forward-looking information should not be unduly relied
upon.
The technical information contained in this presentation relating to the Fruta Del Norte
Project is based on a Technical Report prepared for the Company entitled “Fruta del Norte
Project, Ecuador, NI 43-101 Technical Report on Feasibility Study” dated June 15, 2016 with
an effective date of April 30, 2016 (the "Technical Report"). Information of a scientific and
technical nature in this presentation was reviewed and approved by Ron Hochstein, P.Eng.,
Lundin Gold’s President and Chief Executive Officer, and Stephen Leary, MAusIMM CP(Geo),
an independent consultant to Lundin Gold, both of whom are Qualified Persons within the
meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI
43-101”).
Unless otherwise indicated, all dollar values herein are in US dollars.
Important Information for US Investors
This presentation may use the terms “measured", “indicated“, “inferred" and “historical”
mineral resources. U.S. investors are advised that, while such terms are recognized and
required by Canadian regulations, the Securities and Exchange Commission does not
recognize them. “Inferred mineral resources" and “historical estimates” have a great
amount of uncertainty as to their existence and great uncertainty as to their economic
feasibility. It cannot be assumed that all or any part of an inferred mineral resource or a
historical estimate will ever be upgraded to a higher category. Under Canadian rules,
estimates of inferred mineral resources may not form the basis of feasibility or other
economic studies. Further, historical estimates are not recognized under Canada’s NI 43-
101. U.S. investors are cautioned not to assume that all or any part of measured or indicated
mineral resources will ever be converted to mineral reserves.
This presentation is not an offer of securities for sale in the United States or in any other
jurisdiction. The Company’s securities have not been and will not be registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold within the
United States absent registration or an application exemption from registration.
2
3. 3
Expect to produce 200,000 –
220,000 oz gold in 2020
Mill currently running at
design throughput
Mine ramp up on schedule
Working under strict COVID-
19 protocols
Building a Leading Gold Company
Through responsible mining
Exploration to begin on high
priority target within
extensive land package
4. First Half 2020 Highlights
4
February 2020: declared commercial production
ahead of schedule and on budget
March 22, 2020: Operations suspended
temporarily due to COVID-19
(re-started July 5, 2020)
51,320 oz of gold produced prior to suspension
of operations
66,114 oz of gold sold (30,906 oz sold after
commercial production)
5. Second Half 2020 Outlook
5
Gold production
150,000 – 170,000 oz gold
Average mill production
3,200 tpd, including re-start
ramp up period
Average head grade
10 g/t gold
Average gold recovery
85%
AISC per oz sold
$770 – $850
Full year gold production estimated to be 200,000 – 220,000 ounces
6. Current Mine Development
6
• 16.7 km of underground mine development completed
• South ventilation raise expected to be completed in Q4 2020 – will not impact
planned 2020 production
7. Low Life of Mine All-in Sustaining Costs1
H2 2020 Cash Costs
(US$ per oz Au sold)3
On site operating costs $585 - $625
Treatment & refining $50 - $70
Royalties & production taxes $90 - $100
Silver by-product ($10 - 15)
Cash Costs $715 - $780
Sustaining Capital & Closure $55 - $70
H2 2020 All-In Sustaining costs $770 - $850
7
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
0 25 50 75 100
Percentage (%) of Global Production
AllInSustainingCost(US$/0z)
Gold Price ~$1,955/oz2
Life of Mine Average = $621 per oz Au
1. SNL Metals and Mining, public company filings 2. Spot gold as at September 14, 2020 3. See Lundin Gold news release dated July 5, 2020
H2 2020 AISC $770 – $850 per ounce gold sold
8. Potential of Increasing Mine and
Mill Throughput
• Studying the feasibility of increased production
from the current capacity of 3,500 tonnes of
ore per day to 4,000 – 4,500 tonnes per day
• Evaluating potential for increase in throughput
as early as in 2021
8
9. Planning Fruta del Norte Resource Expansion Drilling Program
9
South
North
Height300m
Grade of Ore Blocks
3-5 – 5.0 g/t Au
5.0 – 10.0 g/t Au
> 10.0 g/t Au
Fruta del Norte deposit not
fully defined to the south
(Inferred Resource)
Probable Reserves
represent 67% of
Indicated Resources
1. See Annual Information Form dated March 24, 2020.
• Drill targets include targets at depth and southern extension of the existing mineral resource model
• Anticipated to start later this year
10. Nevada Operations
Muruntau
South Deep
Olimpiada
Lihir
Cadia East
Detour Lake
Natalka
Boddington
Mponeng
Ahafo Pueblo Viejo
Kibali
Blagodatnoye
Kyzyl
Penasquito
Paracatu
Loulo
Sukari
Yanacocha
Tasiast
Herradura
Kalgoorlie
Tarkwa
Tanami
Veladero
Free State
Kloof Consolidated
Fruta del Norte
Porgera
Canadian Malartic
Merian
Verninskoye
Cowal
Gross
Los Filos
Vaal River Surface
Tshepong
Brucejack
Kuranakh
Kittila
Fekola
Meliadine
Kisladag
0
2
4
6
8
10
12
0 500 1,000 1,500 2,000 2,500 3,000 3,500
Fruta del Norte one of the Few Multi-Million Ounce, High-Grade Gold
Assets in Production1
10
ReserveAuGrade(g/t)
FDN has probable mineral reserves of 5 million ounces at 8.74 g/t Au
1. Source: S&P Global Market Intelligence Metals and Mining, company reports, Fruta del Norte Technical Report and the Lundin Gold Annual Information Form dated March 24, 2020.
Annual Gold Production (‘000)
Producers with gold reserves
> 4 million ounces
11. Exploration at High Priority Barbasco
Target
Similar structural location and orientation
within the Basin to Fruta del Norte
• Received permit and 6,000 m drill program planned for mid
to late Q4 2020
• Surface indications comparable to Fruta del Norte include:
• Soil and rock samples anomalous in the epithermal pathfinder
elements As and Sb
• Illite and marcasite alteration
• Southern third of the anomaly is under cover and defined
by a strong ZTEM (airborne resistivity) anomaly
• Small scale epithermal gold-silver stockwork veins in the
area have assayed up to 10.4 g/t Au
11
Barbasco
Fruta del Norte
Suarez Pull Apart
Basin - 16 km
strike length
12. Remaining CAPEX Projects
• South Ventilation Raise
• Expected to be completed in Q4 2020
• Paste Plant Commissioning
• Expected to be completed by end of Q3 2020
• Zamora River Bridge
• Construction expected to resume in Q4 2020
• Anticipated to be completed in Q2 2021
12
13. Strict COVID-19 Protocols
Implemented
• All personnel entering site must go through a
quarantine period followed by PCR test
• Employees are working from home to reduce
personnel on site
• Rotations extended to minimize travel and
logistics
• Additional transportation and on-site protocols
include:
• Physical distancing
• Mandatory PPE including wearing masks onsite
• Frequent disinfection of equipment and facilities
13
14. Supporting Local Governments and
Communities during COVID-19
• Purchasing disinfection equipment for
local police, army and governments
• Providing essential equipment to front-
line medical and other government
support workers
• Supporting the Neighbourhood Doctor
program
• Supplying transportation for medical
professionals, allowing them to access families in
rural areas
• Supporting food donation programs in
local communities
14
15. Strong Shareholder Base
15
TSX and Nasdaq Stockholm LUG
Share Price1 C$11.89
Shares Outstanding2 230.0 M
Market capitalization1 C$2,735 M
52 week high/low1 C$13.49/C$5.82
Cash position3 $74.2 M
Shareholders
• Newcrest Mining Ltd • Merian Global Investors
• Lundin Family Trust • Fidelity Investments UK
• Orion Mine Finance • Wells Capital Management
• CD Capital • Pictet Asset Management
• Fidelity Management • Blackrock Fund Advisors
• Van Eck Associates • Connor Clark & Lunn
• Invesco • CM-CIC Asset Management
1. As at September 14, 2020 2. As at August 31, 2020 3. As at June 30 , 2020
16. 16
Expect to produce 200,000 –
220,000 oz gold in 2020
Mill currently running at
design throughput
Mine ramp up on schedule
Working under strict COVID-
19 protocols
Building a Leading Gold Company
Through responsible mining
Exploration to begin on high
priority target within
extensive land package
17. Analyst Coverage
17
1. Kepler Cheurvreux and Sparebank1 price target converted from SEK to CAD (SEK 6.61619 = CAD 1) @ August 31, 2020
2. Lundin Gold is followed by the analysts listed above. Note that any opinion, estimates or forecasts regarding the Company made by these analysts are the analysts’ opinions and do not represent opinions, estimates or forecasts
of the Company or its management. Lundin Gold does not imply endorsement by the analyst coverage referenced above.
Firm Analyst Rating and Target Price (C$)
BMO Capital Markets Brian Quast Buy, $14.50
CIBC World Markets Bryce Adams Buy, $15.00
Cormark Securities Nicolas Dion Hold, $13.50
Echelon Wealth Partners Ryan Walker Buy, $12.75
VIII Capital David Talbot Buy, $14.75
Haywood Securities Kerry Smith Buy, $14.50
Kepler Cheuvreux Ola Sodermark Hold, $12.091 (SEK 80)
National Bank John Sclodnick Buy, $14.75
Nordea Equity Research Christian Kopfer Hold, target price on hold
Paradigm Capital Don MacLean Under Review
Pareto Securities Johan Spetz In Transition
Scotia Capital Inc. Trevor Turnbull Buy, $14.00
Stifel GMP Ian Parkinson Buy, $14.50
Sparebank1 Vidar Lyngvær Buy, $15.11 (SEK 100)
TD Securities Arun Lamda Buy, $17.00
19. Commercial Production Highlights
19
$50 million in recognized revenues
30,906 ounces of gold sold
$952 AISC per oz gold sold
$1,680 average realized gold price
per oz
20. Work Carried Out During
Suspension
• Mine
• Continued development activities and stope drilling to
provide inventory for start-up
• Maintenance of mine infrastructure (roads, power,
ventilation and dewatering system)
• Recovery of South Ventilation Raise
• Mill
• Relining of SAG mill
• To increase recovery repiping to send more material to
gravity circuit and optimize flotation reagent additions
• Crushing plant maintenance and wear part replacements
• CIL Plant maintenance program
• Operation and Maintenance of Water
Management Systems
20
23. Exploration Upside Exists
Within extensive land package
• Fruta del Norte is within a major under explored
mineralized trend
• Only 18 holes outside of Fruta del Norte have been drilled
in the 38km2 Suarez pull-apart basin
• Priority is to systematically explore for Fruta del Norte
epithermal Au-Ag type systems
• High priority, ‘drill ready’ targets are:
• Barbasco
• Puente-Princesa
• Gata Salvaje
23
Puente-
Princesa
Barbasco
Gata
Salvaje
Fruta del Norte
24. Non-Executive Board of Directors
24
Lukas Lundin – Chairman
• 37 years of recognizing value and superior global investment opportunities in the natural resource sector
• Pursuit of highly prospective properties around the world has resulted in numerous resource discoveries, including the multi million-ounce Veladero gold discovery
• Has led several companies through highly profitable business acquisitions and mergers such as Lundin Mining Corporation's $3.3 billion merger with EuroZinc Mining
Carmel Daniele
• Founder and CIO of CD Capital Management Group Ltd., the fund manager of a
number of private equity and mining funds
• 25 years of natural resources investment experience, 10 years of which were spent
with Newmont Mining/Normandy
Ian Gibbs
• Canadian chartered accountant who has held a variety of prominent positions with Lundin
Group of Companies, currently serving as CFO of Josemaria Resources Inc.
Chantal Gosselin
• 25 years of combined experience in the mining industry and capital markets
• Has held positions as VP and PM at Goodman Investment Counsel and Senior Mining
Analyst at Sun Valley Gold LLP, as well as various mine-site management positions in
Canada, Peru and Nicaragua
Ashley Heppenstall
• Lead Director of Lundin Gold since 2015
• Has worked with Lundin Group public companies since 1993, most recently as the
President, CEO and Finance Director of Lundin Petroleum AB (now Lundin Energy AB)
Craig Jones
• Chief Operating Officer (Papua New Guinea), Newcrest Mining
• Joined Newcrest in 2008 and has held various senior management and executive
roles, including General Manager Projects, General Manager Cadia and a number of
Executive General Manager roles within Newcrest
Paul McRae
• Global reputation in project and construction management in the mining industry for both
surface and underground projects of all scales and complexities, and was most recently
responsible for the successful development of Lundin Mining’s Eagle Mine in Northern
Michigan
Bob Thiele
• General Manager - Technical Services and Business Improvement, Newcrest Mining
• Prior to joining Newcrest in 2017, served for five years as Operations Manager -
Mining at Calibre Global, and before that worked as General Manager, Business
Improvement at Barrick Gold Corporation
• Has over 35 years of operational and corporate project and mining experience
Istvan Zollei
• Portfolio Manager at Orion Mine Finance, a mining-focused investment business providing
flexible capital investment solutions to mining companies in the base and precious metals
sector
• Has international finance experience and been responsible for investments in mining,
oil/gas and power companies
25. Management Team with Extensive Mining Experience
25
Ron F. Hochstein - President, CEO & Director
• 35 years in the mining industry, including more than 20 year working with the Lundin Group
• Worked with a number of resource companies, most recently as President and CEO of Denison Mines Corp. from 2009 to 2015
Alessandro Bitelli - EVP, CFO
• 35 years experience in the resource industry and in public accounting, both in Europe and North America
• Former CFO of Redback Mining, which was acquired by Kinross in 2010 for $9.2 billion
David Dicaire - VP, Projects and General Manager
• 40 years in the mining, engineering and construction industry, leading both Owners and EPCM teams on a variety of global
projects
• Project Director for Freeport McMoRan’s US$4.6 billion Cerro Verde Expansion Project in Peru, and previously worked on Agua
Rica Mine in Argentina (Glencore, prev. Xstrata) and Quellaveco Mine in Peru (Anglo American)
Nathan Monash - VP, Business Sustainability
• 15 years experience in resource business sustainability
• Worked extensively with the IFC, guiding extractive industry clients on the structure and implementation of sustainable
development strategies
26. Operations Team with Global
Mining Experience
26
Doug Moore
Mine Manager
• Carlin East Mine, USA
(Newmont)
• Buckhorn Mine, USA
(Kinross)
• Lac des Iles Mine, Canada
(North American Palladium)
Juan Carlos Contreras
Mill Manager
• El Peñón Mine, Chile
(Yamana)
• Can Mine, Chile (COPEC S.A.)
• Tambo de Oro Mine, Chile
(HMC Gold)
Murray Wright
Supply Chain Manager
• Kansanshi Mine, Zambia (First
Quantum)
• Tasiast Mine, Mauritania
(Kinross)
• Otjikoto Mine, Namibia (B2
Gold)
27. Newcrest Financing Package
• Orion Mine Finance and Blackstone Tactical Opportunities
provided the facilities in May 2017 and they were fully drawn
in January 2018
• Newcrest purchased facilities in April 2020
• Stream credit facility of US$150 million
• Cash equivalent of 7.75% of Au ounces and 100% of Ag ounces
based on spot at time of payment less US$400/ounce Au and
US$4.00/ounce Ag, capped at 350,000 ounces Au and 6.0 million
ounces Ag
• Payments commenced upon achievement of Commercial
Production in February 2020
• Option to buy back 50% of the stream in June 2024 and 50% in
June 2026
• Gold pre-pay term credit facility of US$150 million
• Principal and interest paid over 19 quarters equivalent to 11,500
Au ounces based on spot at time of payment starting December
2020 and ending 2025
• Offtake agreement for up to 2.5 million ounces refined gold
27
28. Senior Debt Facility
• $350 million from lenders syndicate
• 7 lenders and 1 export credit agency
• Tranche A: $250 million senior commercial facility
• Tranche B: $100 million senior covered facility under a raw
material guarantee provided export credit agency
• Fully drawn at end of 2019
• No mandatory gold hedging
• Annual interest rate is the three or six-month LIBOR plus an
average margin of approximately 5.05% for Tranche A and
2.50% for Tranche B
• Repayable in variable quarterly instalments starting at the
end of 2020 and maturing in June 2026
28
29. Government Agreements
The Company has all the major agreements and permits with the Government of
Ecuador
29
Both the Exploitation Agreement and the Investment Protection Agreement were signed in December 2016
• The Exploitation Agreement sets out the rights and obligations of the
Government of Ecuador and Aurelian as mining concessionaire with respect to
the Project and incorporates:
• Term – affords the mining concessionaire the right to develop and produce
gold from the Project for 25 years
• Fiscal Terms – describing royalties, windfall tax and sovereign adjustment
mechanisms
• Security – acknowledges the financing requirements and provides the ability
and authorisation to grant security
• Enforcement – provides acknowledgement that the Lenders are entitled to
foreclose without authorisation from the mining concessionaire or the
Government of Ecuador
• Dispute Resolution Procedures – arbitration under UNICTRAL rules (in
Santiago, Chile)
• The Investment Protection Agreement primarily deals with tax and mining
regulatory stabilisation and other investment protection mechanisms. Key
benefits include:
• Income tax rate fixed at 22%
• Exemption from the capital outflow tax of 5% on payments of principal and
interest to financial institutions outside of Ecuador
• The ability to obtain benefits granted by the Government of Ecuador through
future investment protection agreements with other investors in similar
projects in Ecuador
• No restrictions to transfer or assign all or part of the investment, including the
right to assign its rights to any financing parties
• Other benefits granted to Aurelian include no restriction to:
• produce and sell minerals;
• import and export goods; and
• establish, maintain, control, or transfer funds abroad, provided
statutory remittances and obligations have been met
30. Cash Cost and All-In Sustaining Cost1
30
Cash Cost
March 1 – June 30,
2020
Operating Expenses $24,224
Royalty Expenses $2,836
Cash Operating Costs $27,060
Gold oz sold recognized in
statement of income (loss)
30,906
Cash operating cost per oz sold $876
All In Sustaining Costs
March 1 – June 30,
2020
Cash operating cost $27,060
Corporate social responsibility $422
Treatment and refining charges $2,350
Accretion of restoration provision $20
Sustaining capital -
Less: silver revenues ($417)
Total all-in sustaining cost $29,435
Gold oz sold 30,906
All-in sustaining cost per oz sold $952
1. Refer to “Non-IFRS Measures” in the Company’s MD&A for the second quarter of 2020.
31. Income Statement for the Six Months Ended June 30, 2020
31
Revenues $50,002
Cost of goods sold
Operating Expenses $24,224
Royalty Expenses $2,836
Depletion and amortization $8,164
$35,224
Income from mining operations $14,778
Other expenses (income)
Corporate administration $12,923
Exploration $1,681
Suspension of operations $29,304
Finance expense (income) $17,748
Other expense (income) ($1,474)
Derivative loss $28,301
$88,483
Net loss for the period ($73,705)
32. Suspension of Operations Costs
32
Six months ended
June 30, 2020
Salaries and benefits $13,003
Maintenance $4,364
Fixed administrative costs $4,062
Site services $2,197
COVID-19 expenditures $1,455
Other costs $1,734
Depreciation and amortization $2,489
$29,304
33. Mineral Resources
NI 43-101 Mineral Resources - Mineral Resources, inclusive of Mineral Reserves as at December 15, 2015
33
Category
Tonnage
(M t)
Grade
(g/t Au)
Contained Metal
(M oz Au)
Grade
(g/t Ag)
Tonnage
(M oz Ag)
Indicated 23.8 9.61 7.35 12.9 9.89
Inferred 11.6 5.69 2.13 10.8 4.05
Notes:
1. The Qualified Person for the estimate is Mr. David Ross, P.Geo., an employee of RPA. The estimate has an effective date of 31 December, 2015.
2. Mineral Resources are reported inclusive of Mineral Reserves; Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
3. Mineral Resources are reported at a cut-off grade of 3.5 g/t Au; which was calculated using a long term gold price of US$1,500/oz.
4. Mineral Resources are constrained within underground mineable shapes that assume a minimum thickness of 2 m; metallurgical recovery of 94%; total operating costs of US$145/t milled (mining cost of US$60/t milled; process
costs of US$35/t milled; G&A costs of US$15/t milled; surface infrastructure costs of US$28/t milled; concentrate transport and treatment costs of US$7/t milled); royalties of US$71/oz and selling costs of US$65/oz.
5. Numbers may not add due to rounding.
6. For information with respect to the key assumptions, parameters and risks associated with the results of the Technical Report for the Project, the Mineral Resource and Mineral Reserve estimates included therein and other
technical information, please refer to the Technical Report.
34. Mineral Reserves
34
Reconciliation of Probable Mineral Reserves1 as at December 31, 2019
Technical Report UPE(2)(3)(4)(5)(6)(7)(8) Processed in 2019(9) December 31, 2019
Mt 15.5 17.8 0.2 17.6
Au (g/t) 9.67 8.74 7.53 8.74
Au (Moz) 4.82 5.02 0.03 4.99
Ag (g/t) 12.7 12.1 7.5 12.1
Ag (Moz) 6.34 6.95 0.03 6.92
1. Except as set out below, the assumptions, parameters and risks associated with the results of the Technical Report for
the Project and the Mineral Resource and Mineral Reserve estimates included therein and the UPE are as set out in the
Technical Report.
2. All Mineral Reserves in this table are Probable Mineral Reserves. No Proven Mineral Reserves were estimated.
3. UPE estimates are as at September 19, 2018.
4. Mineral Reserves were estimated using key inputs listed in the table below:
Key Inputs for Mineral Reserve Estimate UPE Unit
Gold Price 1,250 $/oz
Transverse Stope 48 $/t
Overhand D&F 81 $/t
Underhand D&F 71 $/t
Process, Surface Ops, G&A 58 $/t
Dilution Factor 10 percent
Concentrate Transport & Treatment 9 $/t
Royalty 71 $/oz
Gold Metallurgical Recovery 91.7 percent
5. Gold cut-off grades for the different mining methods are listed in the table below:
Gold Cut-off Grade UPE Unit
Transverse Stope 3.8 g/t
Overhand D&F 5.0 g/t
Underhand D&F 5.0 g/t
6. The average silver metallurgical recovery is 81.6%. The silver price assumption was $20/oz. Silver was not considered
in the calculation of the cut-off grades.
7. Tonnages are rounded to the nearest 1,000 t, gold grades are rounded to two decimal places, and silver grades are
rounded to one decimal place. Tonnage and grade measurements are in metric units; contained gold and silver are
reported as thousands of troy ounces.
8. Rounding as required by reporting guidelines may result in summation differences.
9. Corresponds to mill feed.