This document summarizes a site tour of Newmont Mining Corporation's Merian gold mine in Suriname. The tour included introductions of company leadership, an overview of the Merian Project including health and safety practices, commercial production milestones, community investment programs, and plans for optimizing operations and exploring additional opportunities in the region. The mine began commercial production in 2016 and is expected to produce 300,000-375,000 ounces of gold annually over its projected 13+ year mine life.
- Asanko Gold reported operating and financial results for Q1 2017 that included record gold production of 58,187 ounces, in line with guidance. Net income was a positive US$7.8 million or US$0.04 per share.
- Mining rates were in line with milling rates at 339,096 tonnes per month with an average mined grade of 1.8 g/t. Processing rates were 20% above design at over 900,000 tonnes milled.
- Costs per ounce were higher than previous quarters due to lower grades and strip ratios from the new resource model as well as bringing maintenance costs forward, but are expected to decrease in H2 2017 with oxide mining and
Kinross Gold Corporation reported its Q1 2017 results and outlined its priorities for 2017. Key highlights include:
- Production of 671,956 Au eq. oz. in Q1 2017, on track to meet full-year guidance of 2.5-2.7 million Au eq. oz.
- Continued focus on cost discipline with production costs of $701/oz and AISC of $953/oz in Q1 2017.
- Advancing the two-phased expansion at Tasiast, with Phase One on schedule and budget.
- Strengthening the balance sheet through the sale of its Cerro Casale interest for $260 million in cash.
- Focus on organic growth
The document presents the results of a definitive feasibility study for expanding the Asanko Gold Mine's processing capacity. The expansion plan includes two modular phases: doubling processing to 5 million tonnes per year (Project 5 Million), and further doubling it to 10 million tonnes per year (Project 10 Million). Project 5 Million requires $150 million in capital and is expected to produce 230,000 ounces of gold per year at an all-in sustaining cost of $968 per ounce over a 20-year life of mine. Project 10 Million would require total expansion capital of $350 million and produce over 450,000 ounces of gold annually at $890 per ounce over an 8-year period.
Kinross Gold Corporation presented at the BMO Capital Markets Global Mining & Metals Conference on February 26-28, 2017. Kinross has a diverse portfolio of operating mines that consistently meet or outperform operational targets. Kinross is advancing high-quality organic development projects that offer opportunities to expand production or extend mine life at existing operations. These projects include the two-phased expansion at Tasiast and developing the potential at Bald Mountain. Kinross maintains a strong balance sheet and financial flexibility to fund its projects.
Akg presentation egf april 2017_final.compressedasanko6699
The document presents Asanko Gold Inc.'s plans to become a mid-tier gold producer through its Asanko Gold Mine in Ghana. It aims to grow production to over 450,000 ounces per year by 2020 through low-cost expansion projects. Recent exploration successes have also added new deposits. The current mine is performing well above design capacity and costs are lower than planned. Upcoming projects will leverage existing infrastructure to bring the large Esaase deposit into production starting in 2019.
Royal gold presentation egf - final screenRoyalGold
- Royal Gold provides concise summaries of key documents in 3 sentences or less.
- The document is a presentation from Royal Gold's CFO and Treasurer given at the European Gold Forum on April 5, 2017 that discusses Royal Gold's business model, margins, growth, and portfolio of streaming and royalty assets.
- The presentation highlights Royal Gold's high margins, embedded growth from recent transactions, optionality from operator activities, and track record of industry-leading returns through production growth and dividend increases.
RBC Global Mining & Materials Conference 2017PretiumR
- Brucejack is a high-grade underground gold mine located in British Columbia that is nearing commissioning and ramping up to commercial production. It has high-grade gold reserves and is expected to have low operating costs.
- The mine has an 18-year mine life and is expected to produce over 7 million ounces of gold over its lifetime at an average annual production rate of over 400,000 ounces. It has high gold and silver recoveries from its processing facilities.
- Economic studies show strong project economics across a range of gold prices, with an after-tax IRR of over 28% and payback of less than 3.5 years at a gold price of $1,100 per ounce. Commissioning
Guyana Goldfields Inc. March 2017 IR Presentationguygold2016
This document provides an overview of Guyana Goldfields Inc. and its Aurora Gold Mine. It discusses the company's 2016 highlights which included producing over 150k ounces of gold and being within guidance. It outlines the feasibility study results which show over 3M ounces of gold production over a 15 year mine life. It also discusses the phased mill expansion to increase throughput which is fully permitted and funded internally. Finally, it highlights the exploration potential on the company's large land package in Guyana as it looks to discover a second mine in the district.
- Asanko Gold reported operating and financial results for Q1 2017 that included record gold production of 58,187 ounces, in line with guidance. Net income was a positive US$7.8 million or US$0.04 per share.
- Mining rates were in line with milling rates at 339,096 tonnes per month with an average mined grade of 1.8 g/t. Processing rates were 20% above design at over 900,000 tonnes milled.
- Costs per ounce were higher than previous quarters due to lower grades and strip ratios from the new resource model as well as bringing maintenance costs forward, but are expected to decrease in H2 2017 with oxide mining and
Kinross Gold Corporation reported its Q1 2017 results and outlined its priorities for 2017. Key highlights include:
- Production of 671,956 Au eq. oz. in Q1 2017, on track to meet full-year guidance of 2.5-2.7 million Au eq. oz.
- Continued focus on cost discipline with production costs of $701/oz and AISC of $953/oz in Q1 2017.
- Advancing the two-phased expansion at Tasiast, with Phase One on schedule and budget.
- Strengthening the balance sheet through the sale of its Cerro Casale interest for $260 million in cash.
- Focus on organic growth
The document presents the results of a definitive feasibility study for expanding the Asanko Gold Mine's processing capacity. The expansion plan includes two modular phases: doubling processing to 5 million tonnes per year (Project 5 Million), and further doubling it to 10 million tonnes per year (Project 10 Million). Project 5 Million requires $150 million in capital and is expected to produce 230,000 ounces of gold per year at an all-in sustaining cost of $968 per ounce over a 20-year life of mine. Project 10 Million would require total expansion capital of $350 million and produce over 450,000 ounces of gold annually at $890 per ounce over an 8-year period.
Kinross Gold Corporation presented at the BMO Capital Markets Global Mining & Metals Conference on February 26-28, 2017. Kinross has a diverse portfolio of operating mines that consistently meet or outperform operational targets. Kinross is advancing high-quality organic development projects that offer opportunities to expand production or extend mine life at existing operations. These projects include the two-phased expansion at Tasiast and developing the potential at Bald Mountain. Kinross maintains a strong balance sheet and financial flexibility to fund its projects.
Akg presentation egf april 2017_final.compressedasanko6699
The document presents Asanko Gold Inc.'s plans to become a mid-tier gold producer through its Asanko Gold Mine in Ghana. It aims to grow production to over 450,000 ounces per year by 2020 through low-cost expansion projects. Recent exploration successes have also added new deposits. The current mine is performing well above design capacity and costs are lower than planned. Upcoming projects will leverage existing infrastructure to bring the large Esaase deposit into production starting in 2019.
Royal gold presentation egf - final screenRoyalGold
- Royal Gold provides concise summaries of key documents in 3 sentences or less.
- The document is a presentation from Royal Gold's CFO and Treasurer given at the European Gold Forum on April 5, 2017 that discusses Royal Gold's business model, margins, growth, and portfolio of streaming and royalty assets.
- The presentation highlights Royal Gold's high margins, embedded growth from recent transactions, optionality from operator activities, and track record of industry-leading returns through production growth and dividend increases.
RBC Global Mining & Materials Conference 2017PretiumR
- Brucejack is a high-grade underground gold mine located in British Columbia that is nearing commissioning and ramping up to commercial production. It has high-grade gold reserves and is expected to have low operating costs.
- The mine has an 18-year mine life and is expected to produce over 7 million ounces of gold over its lifetime at an average annual production rate of over 400,000 ounces. It has high gold and silver recoveries from its processing facilities.
- Economic studies show strong project economics across a range of gold prices, with an after-tax IRR of over 28% and payback of less than 3.5 years at a gold price of $1,100 per ounce. Commissioning
Guyana Goldfields Inc. March 2017 IR Presentationguygold2016
This document provides an overview of Guyana Goldfields Inc. and its Aurora Gold Mine. It discusses the company's 2016 highlights which included producing over 150k ounces of gold and being within guidance. It outlines the feasibility study results which show over 3M ounces of gold production over a 15 year mine life. It also discusses the phased mill expansion to increase throughput which is fully permitted and funded internally. Finally, it highlights the exploration potential on the company's large land package in Guyana as it looks to discover a second mine in the district.
Richmont Mines provides guidance for 2017 that projects a potential increase in gold production of up to 15% compared to 2016 levels, and a potential decrease in costs of up to 8%. Key objectives for 2017 include completing a positive expansion case preliminary economic assessment for the Island Gold Mine and continuing reserve and resource growth through exploration. Guidance forecasts 2017 production of 110,000-120,000 ounces of gold with cash costs per ounce of $640-$680 in US dollars.
This document is a presentation by The High Margin Precious Metals Company from March 2017. It cautions readers that forward-looking statements are subject to risks and uncertainties, and directs readers to review cautionary statements. It then provides an overview of Silver Wheaton's business model, high-quality asset base including cornerstone assets, growth strategy, partnerships, Canadian tax dispute, advantages over traditional miners and other streamers, and upside compared to ETFs/bullion.
Corporate presentation november 2016 v finalnewgold2011
The document provides an overview of New Gold's corporate presentation from November 2016. It cautions readers that statements regarding future financial or operating performance are forward-looking. It notes key assets in top-rated jurisdictions including Rainy River, New Afton, Mesquite, and Peak Mines. Construction at Rainy River is currently 60% complete with $680 million spent to date and $365 million remaining. The presentation highlights third quarter 2016 results including 95,546 ounces of gold produced and $151 million in cash. New Gold's liquidity position includes $502 million in cash and an undrawn $276 million credit facility.
The document is a presentation by The High Margin Precious Metals Company summarizing Silver Wheaton's business model and assets. It notes that forward-looking statements are subject to risks and uncertainties. It provides an overview of how streaming works, why it creates value for partners, and highlights Silver Wheaton's high-quality, long-life, low-cost asset portfolio which includes operating mines and development projects. Key updates are provided on several of Silver Wheaton's largest assets. The presentation also discusses Silver Wheaton's community support programs, the ongoing tax dispute with CRA, and why Silver Wheaton is an attractive investment compared to traditional miners and other streaming companies.
Probe Metals is a well-funded gold explorer focused on its district-scale land package in Val-d'Or, Quebec. The company recently consolidated its land position to 327 km2 within the prolific Val-d'Or mining camp. An initial NI 43-101 resource estimate for the Val-d'Or East project indicated 770koz of gold at 2.6 g/t in the inferred category. Probe has $30 million in cash/investments and is conducting a 75,000m drill program aimed at expanding resources along the property's Pascalis Gold Trend. The company's management team has a track record of successful exploration and development projects.
The document provides an overview and update on Dalradian Resources Inc.'s Curraghinalt Gold Project in Northern Ireland. Some key points:
- Resources have expanded to over 4 million ounces of gold in the measured and indicated categories and over 2 million ounces in inferred. The deposit remains open.
- A feasibility study demonstrated the economic potential for developing a mine. Engineering studies showed a simple flowsheet and 94% gold recovery.
- The company raised $34 million through warrant exercises and has additional warrants that could provide up to $39 million more if exercised.
- Drilling continues to expand resources and test targets while permitting and community engagement move forward for mine development.
Operations continue to deliver strong performance in the second quarter of 2017, with total gold production of 427,743 ounces and total cash costs per ounce of $556. Infill and exploration drilling at multiple properties, including LaRonde and Amaruq, yielded positive results that are expected to result in mineral resource additions and conversions. The Meliadine project is progressing on schedule and budget, with underground development ahead of plan and engineering 80% complete at the end of June 2017.
Corporate presentation january 2017 v finalnewgold2011
This 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. It also outlines key assumptions and risk factors that could cause actual results to differ from forward-looking statements. Forward-looking statements include production guidance, resource and reserve estimates, construction timelines and costs for the Rainy River project, and other operating parameters. These statements are based on certain material assumptions regarding the business, including around political and economic conditions, commodity prices, exchange rates, costs, and permitting. However, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from expectations.
1) The Brucejack high-grade gold project in British Columbia is fully-permitted and construction is underway, with commercial production targeted for 2017.
2) The mine is expected to produce over 7 million ounces of gold over an 18-year mine life at an average grade of over 15 grams per tonne and average annual production of over 500,000 ounces.
3) Construction financing of US$540 million was secured in September 2015, funding over 70% of the estimated US$746 million in capital costs.
- The document is a presentation by Wheaton Precious Metals describing their business model of precious metals streaming.
- They have a diversified portfolio of streaming agreements with operating mines and development projects around the world. This provides low-cost, long-life production of gold and silver.
- Key assets include Salobo, Peñasquito, Antamina, and Constancia, which account for the majority of their forecasted production over the next 5 years. They also discuss recent developments and exploration potential at several of these key mines.
Teranga Gold Corporation reported strong financial and operating results for Q1 2017. Production met or exceeded reserves models, with record throughput rates. Costs were in line with guidance. Exploration programs advanced prospects in Senegal, Burkina Faso, and Côte d'Ivoire, with encouraging drill results extending mineralization. The Banfora feasibility study is on track for completion in mid-2017. Teranga is well positioned for a strong year and further growth.
The document provides information about a Brucejack Mine tour scheduled for August 15-17, 2017. It includes forward-looking statements and cautions about risks. The mine has been ramping up production, with wet commissioning complete in May and achieving commercial processing rates in July. Optimization of the mill is ongoing, focusing on gravity recoverable gold. Financially, the mine is targeting positive cash flow by the end of Q3 2017. The document also discusses reserve expansion potential, exploration at nearby Bowser, and plans to expand Brucejack production capacity. It provides details on the geology, structural geology, grade control processes, underground development including longhole stoping, and the ore handling system.
The August 2017 Corporate Presentation provides an overview of Alamos Gold Inc. It cautions readers that certain statements in the presentation regarding forecasts, estimates, potential mineralization, and future plans and objectives are forward-looking statements that involve risks and uncertainties. It also notes that figures presented are in US dollars unless otherwise indicated, and provides information on non-GAAP measures and additional GAAP measures used. The presentation highlights Alamos Gold's diversified gold production, expanding margins, peer-leading growth portfolio, and strong balance sheet with no debt.
- 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.
- Kirkland Lake Gold achieved record gold production in 2016 of 314,495 ounces, surpassing guidance. Production costs were below guidance at $571 per ounce and all-in sustaining costs were below guidance at $923 per ounce.
- In 2016 the company had record revenue of $406.7 million based on gold sales of 329,489 ounces at an average realized price of $1,234 per ounce.
- The company had a strong financial position at the end of 2016 with $234.9 million in cash and $92.3 million in working capital. Cash balance increased further to $280 million in Q1 2017.
Agnico Eagle reported its fourth quarter and full year 2016 results. Key highlights included:
1) Continued strong operating performance in 2016 with gold production exceeding guidance and lower than expected costs.
2) The Amaruq satellite deposit at Meadowbank and the Meliadine project were approved for development with both expected to start up in Q3 2019.
3) A four-year production guidance was issued with gold production expected to increase from current levels to 2 million ounces by 2020 and unit costs expected to decline over that period.
This document provides a summary of Kinross Gold Corporation's Q3 2016 results conference call. It discusses strong operational and financial performance in Q3 2016, with increased production and lower costs compared to Q2 2016. Key growth opportunities are also highlighted, including projects at Bald Mountain, Round Mountain Phase W, La Coipa Phase 7, and Tasiast's two-phased expansion. Guidance for 2016 is updated, with capital expenditures lowered to $650-675 million.
This presentation provides an overview of Teranga Gold Corporation and the gold mining industry trends. It discusses how gold discoveries and grades are declining globally despite increased exploration spending. It highlights that West Africa is one of the fastest growing gold mining regions in the world. Teranga is well positioned in West Africa with its Sabodala gold mine in Senegal and its expansion into Burkina Faso with its fully permitted Banfora gold project. The presentation outlines Teranga's growth opportunities and its goal of increasing production and cash flows over its remaining mine life.
bmo capital markets mining and metals confernce-handouts-29 feb16kirklandlakegoldinc
The document discusses Kirkland Lake Gold's plans to become an intermediate Ontario-focused gold producer through the acquisition of St. Andrew Goldfields. The combined company will have four mines and two mills producing 260,000 to 310,000 ounces of gold annually. It will benefit from operational synergies, a strong balance sheet with over $100 million in cash, and exploration potential across two historic gold camps in Ontario. Kirkland Lake Gold has an experienced management team and board of directors to lead the combined company's growth.
This document is the transcript from Kinross Gold Corporation's Q2 2017 results conference call. Some key points:
- Kinross is on track to meet its 2017 guidance targets for the sixth consecutive year, including producing 2.5-2.7 million ounces of gold at a production cost of sales of $660-720 per ounce and all-in sustaining costs of $925-1,025 per ounce.
- The two-phased expansion at Tasiast is progressing well, with phase one approximately 55% complete and on budget for commercial production in Q2 2018. Kinross will finalize the phase two feasibility study in September.
- Bald Mountain is expected to double its production with reduced
BMO Capital Markets 26th Global Metals & Mining ConferenceAgnico Eagle Mines
- The document discusses Agnico Eagle's forward-looking statements and provides context for non-GAAP financial measures used. It notes key assumptions and risks that could impact projections.
- Agnico Eagle exceeded 2016 production guidance of 1.6 million ounces at total cash costs of $600 per ounce. Production was 1.66 million ounces at total cash costs of $573 per ounce.
- New four-year guidance forecasts production growth to over 2 million ounces in 2020 as the Amaruq and Meliadine projects come online. Costs are expected to decline as production increases.
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.
Richmont Mines provides guidance for 2017 that projects a potential increase in gold production of up to 15% compared to 2016 levels, and a potential decrease in costs of up to 8%. Key objectives for 2017 include completing a positive expansion case preliminary economic assessment for the Island Gold Mine and continuing reserve and resource growth through exploration. Guidance forecasts 2017 production of 110,000-120,000 ounces of gold with cash costs per ounce of $640-$680 in US dollars.
This document is a presentation by The High Margin Precious Metals Company from March 2017. It cautions readers that forward-looking statements are subject to risks and uncertainties, and directs readers to review cautionary statements. It then provides an overview of Silver Wheaton's business model, high-quality asset base including cornerstone assets, growth strategy, partnerships, Canadian tax dispute, advantages over traditional miners and other streamers, and upside compared to ETFs/bullion.
Corporate presentation november 2016 v finalnewgold2011
The document provides an overview of New Gold's corporate presentation from November 2016. It cautions readers that statements regarding future financial or operating performance are forward-looking. It notes key assets in top-rated jurisdictions including Rainy River, New Afton, Mesquite, and Peak Mines. Construction at Rainy River is currently 60% complete with $680 million spent to date and $365 million remaining. The presentation highlights third quarter 2016 results including 95,546 ounces of gold produced and $151 million in cash. New Gold's liquidity position includes $502 million in cash and an undrawn $276 million credit facility.
The document is a presentation by The High Margin Precious Metals Company summarizing Silver Wheaton's business model and assets. It notes that forward-looking statements are subject to risks and uncertainties. It provides an overview of how streaming works, why it creates value for partners, and highlights Silver Wheaton's high-quality, long-life, low-cost asset portfolio which includes operating mines and development projects. Key updates are provided on several of Silver Wheaton's largest assets. The presentation also discusses Silver Wheaton's community support programs, the ongoing tax dispute with CRA, and why Silver Wheaton is an attractive investment compared to traditional miners and other streaming companies.
Probe Metals is a well-funded gold explorer focused on its district-scale land package in Val-d'Or, Quebec. The company recently consolidated its land position to 327 km2 within the prolific Val-d'Or mining camp. An initial NI 43-101 resource estimate for the Val-d'Or East project indicated 770koz of gold at 2.6 g/t in the inferred category. Probe has $30 million in cash/investments and is conducting a 75,000m drill program aimed at expanding resources along the property's Pascalis Gold Trend. The company's management team has a track record of successful exploration and development projects.
The document provides an overview and update on Dalradian Resources Inc.'s Curraghinalt Gold Project in Northern Ireland. Some key points:
- Resources have expanded to over 4 million ounces of gold in the measured and indicated categories and over 2 million ounces in inferred. The deposit remains open.
- A feasibility study demonstrated the economic potential for developing a mine. Engineering studies showed a simple flowsheet and 94% gold recovery.
- The company raised $34 million through warrant exercises and has additional warrants that could provide up to $39 million more if exercised.
- Drilling continues to expand resources and test targets while permitting and community engagement move forward for mine development.
Operations continue to deliver strong performance in the second quarter of 2017, with total gold production of 427,743 ounces and total cash costs per ounce of $556. Infill and exploration drilling at multiple properties, including LaRonde and Amaruq, yielded positive results that are expected to result in mineral resource additions and conversions. The Meliadine project is progressing on schedule and budget, with underground development ahead of plan and engineering 80% complete at the end of June 2017.
Corporate presentation january 2017 v finalnewgold2011
This 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. It also outlines key assumptions and risk factors that could cause actual results to differ from forward-looking statements. Forward-looking statements include production guidance, resource and reserve estimates, construction timelines and costs for the Rainy River project, and other operating parameters. These statements are based on certain material assumptions regarding the business, including around political and economic conditions, commodity prices, exchange rates, costs, and permitting. However, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from expectations.
1) The Brucejack high-grade gold project in British Columbia is fully-permitted and construction is underway, with commercial production targeted for 2017.
2) The mine is expected to produce over 7 million ounces of gold over an 18-year mine life at an average grade of over 15 grams per tonne and average annual production of over 500,000 ounces.
3) Construction financing of US$540 million was secured in September 2015, funding over 70% of the estimated US$746 million in capital costs.
- The document is a presentation by Wheaton Precious Metals describing their business model of precious metals streaming.
- They have a diversified portfolio of streaming agreements with operating mines and development projects around the world. This provides low-cost, long-life production of gold and silver.
- Key assets include Salobo, Peñasquito, Antamina, and Constancia, which account for the majority of their forecasted production over the next 5 years. They also discuss recent developments and exploration potential at several of these key mines.
Teranga Gold Corporation reported strong financial and operating results for Q1 2017. Production met or exceeded reserves models, with record throughput rates. Costs were in line with guidance. Exploration programs advanced prospects in Senegal, Burkina Faso, and Côte d'Ivoire, with encouraging drill results extending mineralization. The Banfora feasibility study is on track for completion in mid-2017. Teranga is well positioned for a strong year and further growth.
The document provides information about a Brucejack Mine tour scheduled for August 15-17, 2017. It includes forward-looking statements and cautions about risks. The mine has been ramping up production, with wet commissioning complete in May and achieving commercial processing rates in July. Optimization of the mill is ongoing, focusing on gravity recoverable gold. Financially, the mine is targeting positive cash flow by the end of Q3 2017. The document also discusses reserve expansion potential, exploration at nearby Bowser, and plans to expand Brucejack production capacity. It provides details on the geology, structural geology, grade control processes, underground development including longhole stoping, and the ore handling system.
The August 2017 Corporate Presentation provides an overview of Alamos Gold Inc. It cautions readers that certain statements in the presentation regarding forecasts, estimates, potential mineralization, and future plans and objectives are forward-looking statements that involve risks and uncertainties. It also notes that figures presented are in US dollars unless otherwise indicated, and provides information on non-GAAP measures and additional GAAP measures used. The presentation highlights Alamos Gold's diversified gold production, expanding margins, peer-leading growth portfolio, and strong balance sheet with no debt.
- 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.
- Kirkland Lake Gold achieved record gold production in 2016 of 314,495 ounces, surpassing guidance. Production costs were below guidance at $571 per ounce and all-in sustaining costs were below guidance at $923 per ounce.
- In 2016 the company had record revenue of $406.7 million based on gold sales of 329,489 ounces at an average realized price of $1,234 per ounce.
- The company had a strong financial position at the end of 2016 with $234.9 million in cash and $92.3 million in working capital. Cash balance increased further to $280 million in Q1 2017.
Agnico Eagle reported its fourth quarter and full year 2016 results. Key highlights included:
1) Continued strong operating performance in 2016 with gold production exceeding guidance and lower than expected costs.
2) The Amaruq satellite deposit at Meadowbank and the Meliadine project were approved for development with both expected to start up in Q3 2019.
3) A four-year production guidance was issued with gold production expected to increase from current levels to 2 million ounces by 2020 and unit costs expected to decline over that period.
This document provides a summary of Kinross Gold Corporation's Q3 2016 results conference call. It discusses strong operational and financial performance in Q3 2016, with increased production and lower costs compared to Q2 2016. Key growth opportunities are also highlighted, including projects at Bald Mountain, Round Mountain Phase W, La Coipa Phase 7, and Tasiast's two-phased expansion. Guidance for 2016 is updated, with capital expenditures lowered to $650-675 million.
This presentation provides an overview of Teranga Gold Corporation and the gold mining industry trends. It discusses how gold discoveries and grades are declining globally despite increased exploration spending. It highlights that West Africa is one of the fastest growing gold mining regions in the world. Teranga is well positioned in West Africa with its Sabodala gold mine in Senegal and its expansion into Burkina Faso with its fully permitted Banfora gold project. The presentation outlines Teranga's growth opportunities and its goal of increasing production and cash flows over its remaining mine life.
bmo capital markets mining and metals confernce-handouts-29 feb16kirklandlakegoldinc
The document discusses Kirkland Lake Gold's plans to become an intermediate Ontario-focused gold producer through the acquisition of St. Andrew Goldfields. The combined company will have four mines and two mills producing 260,000 to 310,000 ounces of gold annually. It will benefit from operational synergies, a strong balance sheet with over $100 million in cash, and exploration potential across two historic gold camps in Ontario. Kirkland Lake Gold has an experienced management team and board of directors to lead the combined company's growth.
This document is the transcript from Kinross Gold Corporation's Q2 2017 results conference call. Some key points:
- Kinross is on track to meet its 2017 guidance targets for the sixth consecutive year, including producing 2.5-2.7 million ounces of gold at a production cost of sales of $660-720 per ounce and all-in sustaining costs of $925-1,025 per ounce.
- The two-phased expansion at Tasiast is progressing well, with phase one approximately 55% complete and on budget for commercial production in Q2 2018. Kinross will finalize the phase two feasibility study in September.
- Bald Mountain is expected to double its production with reduced
BMO Capital Markets 26th Global Metals & Mining ConferenceAgnico Eagle Mines
- The document discusses Agnico Eagle's forward-looking statements and provides context for non-GAAP financial measures used. It notes key assumptions and risks that could impact projections.
- Agnico Eagle exceeded 2016 production guidance of 1.6 million ounces at total cash costs of $600 per ounce. Production was 1.66 million ounces at total cash costs of $573 per ounce.
- New four-year guidance forecasts production growth to over 2 million ounces in 2020 as the Amaruq and Meliadine projects come online. Costs are expected to decline as production increases.
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 an AGM management presentation made by Orbite on June 22, 2016. It discusses the status of construction of Orbite's high-purity alumina plant, including commissioning activities completed and next steps. It also provides an update on Orbite's commercial activities including sample shipments and qualification processes with customers. The presentation outlines challenges faced during construction and adjustments that will be made going forward, including appointing a new COO. Finally, it discusses opportunities for waste monetization through extracting valuable materials from waste stockpiles and partnerships.
The document discusses Richmont Mines' assets and growth strategy. It summarizes that in Q1 2016:
- Richmont saw record gold production at its Island Gold mine in Ontario.
- Mineral reserves increased 187% overall since 2012, with a 206% increase at Island Gold.
- Cash costs are declining and production is expected to increase further under the preliminary economic assessment outlined for Island Gold, which envisions average annual production of 78,000 ounces of gold from 2017-2022.
- Richmont Mines reported fourth quarter and full year 2016 financial results on February 21, 2017.
- In 2016, the company achieved record annual gold production of 104,050 ounces, at the high end of guidance. Cash costs for the year were $908 per ounce sold, within guidance.
- At the Island Gold Mine, production was 83,323 ounces for 2016, exceeding the revised guidance range. Cash costs of $779 per ounce were below the revised guidance range.
- The company reported a strong cash position of $75.1 million as of December 31, 2016 and expects a growing cash flow stream to support a potential expansion at Island Gold.
Richmont Mines is positioning itself for sustainable growth through its quality Canadian asset base and growing production profile. In 2017, Richmont expects gold production to increase up to 15% to 120,000 ounces, while cash costs per ounce are forecast to decrease up to 8% to $640. At the Island Gold Mine, reserves increased 34% to 752,000 ounces at an 11% higher grade of 9.17 g/t gold. An expansion case preliminary economic assessment is planned in Q2 2017 to evaluate increasing throughput to 1,100 tpd.
- Richmont Mines has a quality asset base in Canada including its Island Gold and Beaufor mines, with a growing production profile and decreasing cost structure.
- In 2015, mineral reserves increased 187% overall, with a 206% increase at Island Gold and a 95% increase at Beaufor, extending mine lives.
- At Island Gold, a preliminary economic assessment outlined an average annual production of 78,000 ounces of gold from 2017-2022 at cash costs of C$552/oz. An expansion to 1,150 tpd is being considered.
- For 2016, consolidated gold production is estimated at 87,000-97,000 ounces at cash costs of C$930-C$1,000
The document discusses Richmont Mines' Island Gold Mine and its positioning for growth. It summarizes that Q3 production was in line with expectations and there continues to be a positive reconciliation to reserves of 37% year-to-date. It also outlines opportunities to increase production capacity at Island Gold through a preliminary economic assessment exploring expansion scenarios to 1,100 or 1,200 tonnes per day.
Richmont Mines reported third quarter 2016 financial results and operational highlights. Key points include:
- In-line production at Island Gold mine in Q3, with positive reconciliation of 37% compared to reserves.
- Beaufor mine production was lower due to equipment availability issues, but costs are expected to decrease as higher grade stoping increases.
- Strong cash position of $78.9 million to fund potential expansion at Island Gold to 1,100 tpd production.
- Near-mine drilling continuing to expand resources at Island Gold to incorporate in expansion study in H1 2017.
Richmont Mines is positioning itself for sustainable growth through its quality asset base in Canada including its growing production profile from the high-grade Island Gold Mine. The company is on track to meet or exceed revised 2016 guidance and has a strong balance sheet to fund its strategic growth plan. Recent exploration drilling continues to demonstrate potential for resource expansion at Island Gold laterally and at depth.
Richmont Mines is a Canadian gold producer with quality assets in Canada. In Q1 2016, Island Gold mine achieved record production of 26,589 ounces at a cash cost of $674 per ounce. A preliminary economic assessment for Island Gold outlined an average annual production rate of 78,000 ounces per year from 2017-2022 at a cash cost of $552 per ounce. The assessment indicated potential for expanded production up to 1,150 tonnes per day pending a decision in first half of 2017. Richmont has a strong balance sheet with $61.2 million in cash and $9 million in debt to support its growth plans.
The document provides an overview of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. Key highlights include record gold production in Q1 2016 at the Island Gold mine, increasing reserves at Island Gold by 206% and extending its mine life to 7 years, and outlining a $29 million Phase 2 exploration program and organic growth plan to further unlock the potential at Island Gold.
- Production for Q1 2016 was a record 32,369 ounces of gold, a 25% increase over Q1 2015, driven by a record quarter from Island Gold. Cash costs and AISC both decreased by 18% and 12% respectively.
- Revenue was a record $52.6 million for Q1 2016. The company has a strong cash position of $61.2 million and is well positioned for organic growth at its mines in Quebec and Ontario.
- Exploration continues to show potential to expand resources at Island Gold both laterally and at depth. Drilling results compare favorably to the previous deep resource block.
This document provides a summary of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. Key highlights include:
- Q2 gold production of 23,320 ounces at cash costs of $903 per ounce.
- Increased mineral reserves at Island Gold mine by 206% and Beaufor mine by 95%.
- Island Gold mine life extended to 7 years and Beaufor to over 2 years based on 2015 reserves.
- Preliminary Economic Assessment released for Island Gold outlining potential production expansion.
The document provides safety guidelines for an analyst site tour of Island Gold Mine. It outlines personal protective equipment requirements and safety procedures both above and underground. Special safety requirements are needed for underground, including tagging in/out and using three points of contact for vehicles. Island Gold had a record first quarter in 2016 with higher than planned gold production and grades mined, due to a positive grade reconciliation and increased development in a second, higher-grade mining horizon.
This document provides safety guidelines and procedures for visitors touring the Island Gold Mine. It outlines what personal protective equipment is required, such as hard hats, safety glasses, and steel-toed boots. It instructs visitors to stay with their guide at all times and not to engage in horseplay. Emergency procedures are also described, such as remaining calm and following a guide's instructions. The second part of the document discusses underground safety requirements like tagging in/out and using three points of contact to enter/exit vehicles. Medical assistance is available at all times during the tour.
Richmont Mines is positioned for sustainable growth with a quality asset base in Canada. Their reserves increased 187% in 2015, extending the mine life at Island Gold to 7 years and Beaufor to over 2 years. At Island Gold, they plan to increase production to 78,000 ounces annually from 2017-2022 at lower costs through expansion and exploration. Richmont has a strong balance sheet, low shares outstanding, and exposure to the favorable Canadian dollar to support their strategic growth plan through increasing production and cash flow.
This document provides an overview of Richmont Mines Inc. and its Island Gold Mine. It discusses Richmont's vision, strategy, and assets. For Island Gold, it summarizes the geology, reserves and resources, operations, exploration potential, and 2016 guidance. Reserves at Island Gold increased 206% to 561,700 ounces, extending the mine life to 7 years. Operations are expected to produce 62,000-67,000 ounces in 2016 at lower costs than in 2015. Exploration aims to expand resources laterally and at depth.
This document provides a summary of Newmont Mining Corporation's full year and Q4 2016 earnings. Some key points:
- Safety performance improved with injury rates down 50% and fatigue events down 87% due to increased training and technology.
- Operational performance was strong with gold production up 7% to 4.9Moz and AISC down 2% to $912/oz through cost discipline.
- The portfolio was optimized through developing two new mines $200M below budget and adding over 4Moz of reserves while divesting non-core assets.
- Financial results were up significantly year-over-year with free cash flow more than doubling to $784M and adjusted E
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BAML Metals & Mining Conference in May 2016. The presentation focused on Newmont's strategy of improving its underlying business through leading safety and cost performance, strengthening its portfolio through organic growth and transactions, and creating shareholder value through a superior balance sheet and cash flow. Newmont has reduced costs by 30% since 2012 and is building a longer-life, lower-cost asset portfolio through projects like Merian and Long Canyon.
Newmont Mining Corporation held an ESG briefing on May 22, 2018 to discuss their approach to sustainability. The briefing covered Newmont's environmental, social, and governance performance and strategies. Newmont's sustainability efforts are focused on minimizing risks and creating long-term value. Their sustainability framework and robust management systems aim to drive accountability and continuous improvement across their global portfolio.
This three sentence summary provides the high level information from the investor presentation document:
The document is an investor presentation from Newmont Mining Corporation that includes forward-looking statements and cautions readers that actual results may differ. It outlines Newmont's strategy of improving operational performance, strengthening its portfolio through projects like Merian and Long Canyon, and creating shareholder value through increased free cash flow and returns. The presentation also provides updates on Newmont's safety and sustainability performance as well as its financial and operating results.
This document is an investor presentation from Newmont Mining Corporation dated December 13, 2016. It contains forward-looking statements regarding estimates and expectations of future production, costs, capital expenditures, profitability, and other metrics. It cautions that these statements are based on assumptions that may prove to be incorrect. The presentation provides an overview of Newmont's strategy to improve its underlying business, strengthen its portfolio, and create shareholder value. It summarizes recent performance results and updates to guidance. Newmont aims to maximize opportunities and manage risks across its global operations and projects.
The document is an investor presentation from Newmont Mining Corporation that provides an overview of the company's operations and projects. It summarizes Newmont's track record of improving operational execution and reducing costs. It outlines a portfolio of projects expected to sustain profitable production over the next several years. These include expansions and new mines across North America, Australia, Africa, and South America. The presentation provides production and cost guidance for 2018-2022 and demonstrates Newmont's pipeline of long-term projects beyond the next 5 years.
This document provides an investor presentation for Newmont Mining Corporation from March 2018. It includes cautionary statements regarding forward-looking statements. The presentation summarizes Newmont's steady trajectory of improved financial and operational performance from 2013 to 2017. It highlights projects in the pipeline expected to sustain profitable production through 2024. The presentation also discusses Newmont's industry-leading reserve base, balanced capital priorities of growth, debt reduction and returning cash to shareholders, and leadership in profitability and responsibility.
Newmont Mining Corporation reported its Q1 2017 earnings. Gold production for Q1 was 1.2 Moz, up 9% year-over-year and the company remains on track to meet its full-year guidance of 4.9-5.4 Moz. All-in sustaining costs for Q1 were $900/oz, below guidance. Newmont also approved expansions at its Ahafo mine in Africa, which will improve profitability and mine life. The expansions include an underground mine and mill expansion.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BMO Metals & Mining Conference on February 29, 2016. The presentation included forward-looking statements and cautioned that actual results could differ materially from expectations. It provided an overview of Newmont's strategy to improve the underlying business, strengthen its portfolio, and create shareholder value. Key highlights included ongoing cost and efficiency improvements, a focus on projects with long mine lives and lower costs, and strong financial and operating performance.
This document provides an investor presentation for Newmont Mining Corporation from October/November 2016. It includes the following key points:
- Newmont has improved its safety and sustainability performance significantly in recent years while also lowering costs.
- The company is focused on optimizing its existing business, strengthening its portfolio through organic growth projects, and creating shareholder value through industry-leading free cash flow and returns.
- Recent projects like Merian and Long Canyon are expected to provide over a decade of profitable production each and strengthen Newmont's portfolio.
- Newmont's exploration program has delivered over 123 million ounces of gold reserves at a finding cost of $23 per ounce since 2001.
- The company
This investor presentation provides an overview of Newmont Mining Corporation and its strategy for long-term value creation. Key points include:
- Newmont has a proven strategy of improving operations, strengthening its global portfolio of long-life assets, and delivering superior returns to shareholders.
- The company has significantly reduced costs while increasing production and reserves through operational improvements and profitable expansion projects.
- Newmont has an industry-leading project pipeline expected to provide stable production for over a decade and generate significant free cash flow.
- The company maintains a strong balance sheet, stable production profile, and pays a sustainable dividend, while continuing to invest in growth.
The document is a presentation by Gary Goldberg, President and CEO of Newmont Mining Corporation, at the BAML Metals and Mining Conference in May 2017. It summarizes Newmont's leading safety and sustainability performance, stable production profile from a globally diversified portfolio of assets, investment in profitable growth projects, and opportunities from recent investments and discoveries that provide upside potential. Newmont aims to deliver long-term shareholder value through steady gold production, ongoing cost discipline and capital investment focused on high return projects.
The document summarizes Newmont Mining Corporation's 2017 Investor Day that took place on December 6, 2017. It includes an agenda for the day-long event covering Newmont's business, technical, operational and exploration outlooks. Presentations were given on safety, Newmont's strategy and performance, the gold market outlook, and financial projections. The document provides an overview of Newmont's global portfolio of long-life assets and projects as well as charts on production, cost, capital and reserve metrics through 2022. It emphasizes Newmont's focus on operational excellence, profitable growth from its project pipeline, and leadership in sustainability and value creation.
The document provides an agenda and overview for a CC&V site tour on September 18, 2016. The tour will include introductions, a safety overview, and stops at the Cripple Creek & Victor site to discuss the overview, exploration/geology, mining operations, mill processing, and future expansion plans. Presenters will discuss how CC&V is meeting acquisition targets through cost improvements and new facilities, and trends show operating results are favorable to guidance. The tour schedule provides times and locations for presentations on CC&V and a lunch discussion on sustainability.
- Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Denver Gold Forum in September 2016
- The presentation contained forward-looking statements regarding estimates and expectations of future production, costs, capital expenditures, and other metrics, which are based on certain assumptions that may prove to be incorrect
- Newmont's strategy focuses on improving the underlying business by optimizing costs, strengthening the portfolio through organic growth and acquisitions, and creating shareholder value through industry-leading returns, cash flow, and financial flexibility
This investor presentation provides an overview of Newmont Mining Corporation and highlights key points:
1) Newmont has improved its underlying business through cost reductions, growing production from new projects, and divesting non-core assets. All-in sustaining costs have decreased 22% since 2012.
2) The company has strengthened its portfolio through investing in projects like Merian and Long Canyon that have longer mine lives and lower costs than divested assets.
3) Newmont has created shareholder value by outperforming peers in free cash flow generation, with $1.2 billion generated since 2012. This has allowed it to self-fund projects and increase dividends.
This document is an investor presentation from Newmont Mining Corporation from November 2017. It summarizes Newmont's strategy to improve its underlying business through superior operational execution, strengthen its portfolio of global assets, and sustain a portfolio of long-life mines. Key points include Newmont leading the sector in safety and sustainability performance, having a global portfolio of long-life assets across four continents, and investing in profitable growth projects across its portfolio to extend mine lives and production.
- Newmont Mining Corporation reported its Q3 2017 earnings. Key highlights included strong operational execution, leading safety performance, and top sustainability ratings.
- AISC for Q3 was $943/oz due to strong performance in Africa, Australia, and North America. Attributable gold production for Q3 was 1.3 million ounces, up 7% from the prior year.
- The company is progressing long-life assets globally and longer-term growth projects in Canada, Australia, and French Guiana to sustain production and extend mine lives.
This document provides a cautionary statement regarding forward-looking statements in Newmont Mining Corporation's investor presentation. It notes that estimates and expectations in the presentation are based on assumptions that may prove to be incorrect. It lists key assumptions including around geological, metallurgical and other conditions, permitting, development and expansion of operations, political stability, exchange rates, commodity prices, supply prices, mineral reserve and resource estimates, and other risks. The company does not undertake to publicly revise or update forward-looking statements except as required by law.
Newmont Mining Corporation reported its Q2 2018 earnings. Some key points:
- Gold production was in line with guidance at 1.2 million ounces. All-in sustaining costs were $1,024 per ounce.
- Safety performance is improving through applying lessons learned from recent accidents.
- Two projects, Twin Underground and Northwest Exodus, were delivered on time and under budget.
- An agreement was reached to evaluate the world-class Galore Creek copper-gold asset through a partnership with Teck.
- Costs and capital expenditures remain on track with full-year guidance.
Similar to Merian investor presentation final (20)
This document provides an investor presentation for Newmont Mining Corporation from August 2018. It contains forward-looking statements regarding estimates of future production, costs, capital expenditures, and other metrics. It summarizes Newmont's strategy of investing in profitable projects across economic cycles to create long-term value. Examples provided include the Merian mine in Suriname, the Long Canyon expansion in Nevada, and the Tanami expansion in Australia. The presentation also highlights Newmont's industry-leading reserve base and long-term production profile from existing and future projects.
- The document is a presentation from Gary Goldberg, President and CEO of Newmont Mining Corporation, at the BAML Global Metals & Mining Conference in May 2018.
- It discusses Newmont's strategy of focusing on sustainable value creation through its global portfolio of long-life assets and project pipeline, with improvements including new lower cost mines and profitable expansions.
- Newmont highlights its leading sustainability performance and top quartile total shareholder returns since 2014.
- Newmont Mining Corporation reported its Q1 2018 earnings on April 26, 2018.
- The company reported adjusted EBITDA of $644 million, up 12% from the prior year quarter, and adjusted net income of $0.35 per diluted share.
- Production was in line with guidance at 1.2 million ounces of gold, and AISC was $973 per ounce, also in line with guidance.
This document is an investor presentation from Newmont Mining Corporation given at a BMO Metals & Mining Conference in February 2018. It summarizes Newmont's financial and operating performance in recent years, current projects and growth plans, and strategy for delivering long-term value to shareholders through profitable production, an industry-leading project pipeline, and returning cash to shareholders.
This document is an investor presentation from Newmont Mining Corporation given at a BMO Metals & Mining Conference in February 2018. It summarizes Newmont's financial and operating performance in recent years, current projects and growth plans, and strategy for delivering long-term value to shareholders through profitable production, an industry-leading project pipeline, and returning cash to shareholders.
This document contains the highlights from Newmont Mining Corporation's full year and Q4 2017 earnings report. Some key points:
- Newmont achieved strong operational and financial performance in 2017, with 8% higher gold production of 5.3 million ounces and $1.5 billion in free cash flow, an 88% increase over 2016.
- The company invested in five expansion projects to extend production and replaced mining depletion by adding 6.4 million ounces of gold reserves and 7.9 million ounces of resources.
- Guidance for 2018 forecasts gold production of 4.9-5.4 million ounces at an all-in sustaining cost of $965-1,025 per ounce and total capital spending
This document provides an overview of Newmont Mining Corporation's Nevada site tour in September 2017. It begins with a cautionary statement regarding forward-looking statements. The summary then discusses Newmont's strategic focus on improving safety and sustainability performance, strengthening its portfolio through projects like Long Canyon and Twin Creeks, and using its Full Potential program to drive cost improvements across its Nevada assets. An asset management discussion and demonstration of centralized health monitoring follows. The document provides background on regional leadership and concludes with information on local site leadership at Long Canyon.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Denver Gold Forum in September 2017. The presentation covered Newmont's strategy of improving its underlying business through superior operational execution, strengthening its global portfolio of long-life assets, and creating value for shareholders by leading the sector in profitability and responsibility. It provided details on Newmont's projects and growth pipeline, industry-leading reserves, and financial flexibility to fund growth and return cash to shareholders.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Denver Gold Forum in September 2017. The presentation covered Newmont's strategy of improving its underlying business through superior operational execution, strengthening its global portfolio of long-life assets, and creating value for shareholders by leading the sector in profitability and responsibility. It highlighted Newmont's industry-leading safety and cost improvement performance, profitable growth projects, top-tier reserves, and financial flexibility.
This document provides an overview of Newmont Mining Corporation's Nevada site tour in September 2017. It begins with a cautionary statement regarding forward-looking statements. The summary then discusses Newmont's strategic focus on improving safety and sustainability performance, strengthening its portfolio through projects like Long Canyon and Twin Creeks, and using its Full Potential program to drive cost improvements across its Nevada operations. An asset management discussion and demonstration of centralized health monitoring follows. The document provides background on regional leadership and concludes with information on site-specific leadership at Long Canyon.
The document is an investor presentation from Newmont Mining Corporation dated September 2017. It provides an overview of Newmont's operations, projects, growth opportunities and key metrics. Newmont has a geographically diverse portfolio of gold mines in North America, South America, Africa and Australia. It is investing in profitable growth projects across its portfolio to sustain steady long-term production while maintaining cost and capital discipline. Newmont also has a leading project pipeline and track record of bringing projects into production.
This document provides a cautionary statement regarding forward-looking statements in an investor presentation by Newmont Mining Corporation. It notes that estimates and expectations in the presentation are based on assumptions that may prove to be incorrect. It also lists potential risks to the forward-looking statements including changes in geotechnical or other conditions, permitting and development issues, political risks, commodity price volatility, and other operational risks. The company does not undertake to publicly revise or update forward-looking statements except as required by law.
- Newmont Mining Corporation reported its Q2 2017 earnings on July 25, 2017.
- In Q2, the company's AISC decreased 3% to $884/oz due to strong operational execution, and attributable gold production increased 13% to 1.4 Moz from higher grades and throughput.
- The company approved its Twin Underground project, which is expected to add higher grade ore and extend the mine life at lower costs.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BMO Metals & Mining Conference on February 27, 2017. The presentation included:
1) Cautionary statements regarding the forward-looking nature of estimates and expectations in the presentation.
2) An overview of Newmont's strategy to deliver long-term shareholder value through steady long-term gold production, ongoing cost discipline and capital investment in profitable growth projects.
3) Details on Newmont's consistently strong operational and financial results in recent years, as well as leading safety and sustainability performance.
- Newmont Mining Corporation presented at the Goldman Sachs Global Metals & Mining Conference in November 2016
- The presentation outlines Newmont's strategy to improve its underlying business, strengthen its portfolio, and create shareholder value through optimizing costs, organic growth, and portfolio enhancements
- Newmont highlights its track record of reducing costs, extending mine life through reinvestment and divestment, growing production, improving margins, and generating industry-leading returns and free cash flow
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.
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2. Newmont Mining Corporation I Merian Site Tour I Slide 2March 2, 2017
Welcome and introductions
Name Position Program
Tom Palmer EVP and Chief Operating Officer Introduction
Adriaan Van Kersen Managing Director, Merian Project Merian Project Delivery
Tony Esplin General Manager, Merian Complex Merian Overview
Albert Ramdin Senior Director, External Relations Sustainability & External Relations
Trent Tempel Senior Vice President, South America
David Portugal Regional CFO, South America
Krishna Singh Engineering Superintendent Mine Tour
Kirk Schmidt Exploration Manager Mine Tour – Exploration
Tom Ohrling Processing Manager Process Tour
3. Newmont Mining Corporation I Merian Site Tour I Slide 3March 2, 2017
Cautionary statement
Cautionary statement regarding forward looking statements:
This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provided for under
such sections. Such forward-looking statements may include, without limitation: (i) estimates of future production and production profiles;
(ii) estimates of future costs applicable to sales and All-in sustaining costs; (iii) estimates of future capital expenditures; (iv) estimates of
future full potential improvements, including reduced costs, increased efficiency and other optimizations and improvements; (v)
expectations regarding future exploration, expansion, mine development, timing of phases and mine life; (vi) future grade, mill and
processing estimates and expectations; and (vii) expectations regarding future returns, value creation, financial performance and other
outlook or guidance. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be
incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical,
hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company’s operations and
projects being consistent with current expectations and mine plans, including without limitation receipt of export approvals; (iii) political
developments being consistent with its current expectations; (iv) certain price assumptions for gold, copper and oil; (v) prices for key
supplies being approximately consistent with current levels; (vi) the accuracy of our current models and study work; (vii) exchange rates
being approximately consistent with current levels, and (viii) other assumptions. Where the Company expresses an expectation or belief as
to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such
statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results
expressed, projected or implied by the “forward-looking statements”. Such risks include, but are not limited to, gold and other metals price
volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining
plans, political and operational risks, community relations, conflict resolution and outcome of projects or oppositions and governmental
regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s 2016 Annual Report
on Form 10-K, filed on or about February 21, 2017, with the Securities and Exchange Commission (the “SEC”), as well as the Company’s
other SEC filings. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,”
including, without limitation, outlook, to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of
unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a
previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking
statements” is at investors' own risk.
4. Newmont Mining Corporation I Merian Site Tour I Slide 4March 2, 2017
Safety share
As our guest, we ask that you please
Stay alert and aware of your surroundings – remain with Newmont personnel at all times
Stay hydrated
Protect against bug bites – cover exposed skin by wearing long-sleeved shirts and long pants
Eat and drink safely
Keep away from animals
Stay alert to changing weather conditions
5. Newmont Mining Corporation I Merian Site Tour I Slide 5March 2, 2017
Merian delivers strategy to create long-term value
Improve the
underlying
business
Industry leader in safety and sustainability performance
Continued cost improvements – AISC1 of $650 – 750/oz
Steady gold production – Attributable production of 300 – 375Koz/year
Strengthen
the portfolio
Establishing foothold in prospective new district – Guiana Shield
Added 600Koz of Reserves2 – by the drill bit
Advancing studies on brownfield opportunities – at Sabajo
Create value
for
shareholders
Project delivered safely, on schedule and $150M below budget
Robust margins – 2017E3 outlook is 350 – 390Koz @ $560 – 610 AISC/oz
Generating solid returns for investors – IRR of >25%
(1) (2) (3) See endnote on slide 13. (2) Reserves (proven and probable) of 450Koz attributable to Newmont
AISC/oz and Koz/year represent first 5-year averages
6. Newmont Mining Corporation I Merian Site Tour I Slide 6March 2, 2017
Long-term value requires investment through cycle
Merian case study:
• Investment – entered Suriname in 2004 to establish prospective district
• Exploration – grown to 6.3Moz attributable Reserve & Resource* base by 2016
• Partnership – government of Suriname buys in as 25% owner in 2014
• Projects – delivered $150M below budget in 2016; IRR of >25% and mine life of +13 years
Merian* Represents 4.3Moz reserves (proven and probable) and 2.0Moz resources (measured, indicated, and inferred) on attributable basis
7. Newmont Mining Corporation I Merian Site Tour I Slide 7March 2, 2017
Geology overview – regional and local
Las Christinas
Omai
Rosebel
Merian
Guiana Shield Gondwanaland ~250 million years ago
Major gold deposits
Existing gold operations
Newmont operations
Birimian Shield
Guiana Shield
8. Newmont Mining Corporation I Merian Site Tour I Slide 8March 2, 2017
Creating a culture of zero harm
• Eight reportable injuries in 2016, none serious; one reportable injury for 2017 YTD
• Strong focus on Fatality Risk Management
• Safety Leadership training and coaching commencing in 2017
• Comprehensive incident and near miss reporting
• Cyanide and chemical awareness training for all employees with plant access; ICMC Certification
TRIFR
2016 Target
0.40
2016 Actual
0.33
Zero harm ~2,400,000 hours
Visible felt
leadership
Safety focused interactions
with employees in the field
0.33
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Merian Total Recordable Injury Frequency Rate (TRIFR)
9. Newmont Mining Corporation I Merian Site Tour I Slide 9March 2, 2017
Commercial production and successful ramp-up
• Strong emphasis on safety and health
• G-Mining partnership – engineering,
construction, transition to operations
• Start-up and commissioning support from
Newmont technical teams
• Completed strong first quarter of commercial
production; exceeding production ramp-up
targets
1,489
1,000
1,200
1,400
1,600
1,800
Aug-16 Sep-16 Oct-16 Nov-16 Dec-16
Nameplate 7 Day Moving Average
Merian Throughput (Tonnes per Operating Hour)
10. Newmont Mining Corporation I Merian Site Tour I Slide 10March 2, 2017
Initiating Full Potential in 2017; identifying upside
• Operational
̶ Complete expansion (crusher, conveyor, stacker, power and infrastructure)
̶ Optimize existing process facilities
̶ Target wet season operational continuity and productivity
• Upside
̶ Wingspan and brownfields saprolite targets; refine strategic options; reserve conversions
̶ Underground evaluation; Sabajo; drill targets in Area of Interest; opportunities in the Guiana Shield
11. Newmont Mining Corporation I Merian Site Tour I Slide 11March 2, 2017
Shared value creation – national and local
Establish
Newmont’s
reputation
Effective partnership Newmont (75%) with GoS, through Staatsolie (25%)
Mineral Agreement signed in 2013 – government royalty of 6%
Contributing to Surinamese economy – 5 to 7 percent of GDP; 1,250 employees
Mitigate and prevent risks through proactive engagement – Advisory Council
Maintain social
license to
operate
Cooperation agreement - employment, procurement and infrastructure rehab
Community development fund – electricity, water, education and healthcare
Biodiversity programs – conservation and stewardship of resources
Support government in improving practices of artisanal small-scale miners
12. Newmont Mining Corporation I Merian Site Tour I Slide 12March 2, 2017
Questions?
Ore stockpiles at Merian
13. Newmont Mining Corporation I Merian Site Tour I Slide 13March 2, 2017
Endnotes
Investors are encouraged to read the information contained in this presentation in conjunction with the following notes, the Cautionary Statement
on slide 3 and the factors described under the “Risk Factors” section of the Company’s Form 10-K, filed with the SEC on February 21, 2017 and
disclosure in the Company’s other recent SEC filings.
1. All-in sustaining cost is a non-GAAP metric. All-in sustaining cost (“AISC”) as used in the Company’s Outlook is a non-GAAP metric defined
as the sum of cost applicable to sales (including all direct and indirect costs related to current gold production incurred to execute on the
current mine plan), remediation costs (including operating accretion and amortization of asset retirement costs), G&A, exploration expense,
advanced projects and R&D, treatment and refining costs, other expense, net of one-time adjustments and sustaining capital. A reconciliation
has not been provided in reliance on Item 10(e)(1)(i)(B) of Regulation S-K because such reconciliation is not available without unreasonable
efforts. For a reconciliation of the Company’s historical AISC or 2017 Consolidated Gold AISC Outlook, see page 22 of Newmont’s earnings
release for the fourth quarter and full year 2016 available on the Company’s website www.newmont.com in the newsroom section.
2. U.S. investors are reminded that reserves were prepared in compliance with Industry Guide 7 published by the SEC. Whereas, the term
resource, measured resource, indicated resources and inferred resources are not SEC recognized terms, Newmont has determined that such
resources would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and
Exploration and defined as Mineral Resource. Estimates of resources are subject to further exploration and development, are subject to
additional risks, and no assurance can be given that they will eventually convert to future reserves. Inferred resources, in particular, have a
great amount of uncertainty as to their existence and their economic and legal feasibility. Investors are cautioned not to assume that any part
or all of the inferred resource exists, or is economically or legally mineable. Inventory and upside potential have a greater amount of
uncertainty. Investors are cautioned that drill results illustrated in certain graphics in this presentation are not necessarily indicative of future
results or future production. Even if significant mineralization is discovered and converted to reserves, during the time necessary to ultimately
move such mineralization to production the economic and legal feasibility of production may change. As such, investors are cautioned against
relying upon those estimates. For more information regarding the Company’s reserves, see the Company’s Annual Report filed with the SEC
on February 21, 2017 for the Proven and Probable reserve tables prepared in compliance with the SEC’s Industry Guide 7, which is available
at www.sec.gov or on the Company’s website. Investors are further reminded that the reserve and resource estimates used in this
presentation are estimates as of December 31, 2016.
3. Outlook projections used in this presentation are considered forward-looking statements and represent management’s good faith estimates or
expectations of future production results as of February 21, 2017. Outlook is based upon certain assumptions, including, but not limited to,
metal prices, oil prices, certain exchange rates and other assumptions. For example, 2017 Outlook assumes $1,200/oz Au, $2.25/lb Cu, $0.75
USD/AUD exchange rate and $55/barrel WTI; AISC and CAS estimates do not include inflation, for the remainder of the year. Assumptions
used for purposes of Outlook may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, Outlook
cannot be guaranteed. See cautionary statement on slide 3.
Tour participants are reminded that the cautionary note on slide 3 and the endnotes listed above on this slide should also be considered in
connection with the poster board presentation at the tour stops, which follows.
18. Newmont Mining Corporation I Merian Site Tour I Slide 18March 2, 2017
Merian Project Reserve & Resource Growth Profile
Reserves and Resources (Consolidated, 100% basis)
Reserves
(Proven & Probable)
5.72Moz 141Mt @ 1.3 g/t
Resources2
(Measured & Indicated)
0.92Moz 26Mt @ 1.1 g/t
Resources2
(Inferred)
1.73Koz 49Mt @ 1.1 g/t
2016 Reserve increase: 600Koz (net of depletion)
32m @ 5.2g/t
Incl. 17.0m @ 9.0g/t
45m @ 1.8g/t
82m @ 3.45g/t
Incl. 11.0m @ 6.3g/t
6.0m @ 7.9g/t
100m
Saprolite
Saprock
Freshrock
2015 $1200 RSV pit
2016 $1200 RSV pit
2016 Drillholes
Reserves and Resources – growth continues
3.56
4.25
4.81 5.12
5.72
0
2
4
6
2012 2013 2014 2015 2016
Saprolite Transitional Fresh Rock
Merian Reserve1 growth (Moz)
Drill results are not necessarily indicative of future production; see endnote 2
(1) Reserves (proven and probable) on 100% consolidated basis
(2) See endnote 2
19. Newmont Mining Corporation I Merian Site Tour I Slide 19March 2, 2017
Merian district exploration – focus and highlights
• Extend saprolite mining beyond 2022
• Extend Merian mine life beyond 2030
• Advance Sabajo Project
• Continued exploration of prospective “greenstone” belts
22. Newmont Mining Corporation I Merian Site Tour I Slide 22March 2, 2017
Process feed and throughput
Key Processing Information
Nominal Nameplate ~12 Mtpa
LOM Avg. Head Grade 1.2 g/t
LOM Avg. Gold Recovery >93%
• Feed material – fine saprolite with limited quartz vein
material; sand/silt from former small scale mine tailings
• Feed system – CAT D10T dozers & 349 excavators;
apron feeders in the sub-tunnel; discharge onto the SAG
feed conveyor
• Mill will transition to hard rock feed from 2024
-
0.40
0.80
1.20
1.60
-
3,000
6,000
9,000
12,000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Saprolite Transitional Fresh Rock Head Grade
Merian Mill Feed (Kt) and Head Grade (grams per tonne)
23. Newmont Mining Corporation I Merian Site Tour I Slide 23March 2, 2017
Maximizing the plant through Full Potential
• Successful commissioning: early operations
exceeded 1,489 tph (nameplate) throughput
• Process optimization in progress; potential to
increase throughput rates – approaching 1,750
tph
• Full Potential expected to lower unit processing
costs; power consumption, reagents and grinding
media
• Asset Management System implementation in
progress
• Metallurgically clean deposit – limits
environmental risks: <5 ppm CNWAD limit
Comminution Circuit
Design nameplate 1,489 tonnes per hour
13MW SAG Mill
34’ x 19’ variable speed
Metso/ABB
13MW Ball Mill
26’ x 42’ variable speed
Metso/ABB
2MW Cyclone pumps Krebs 28” x 26
Cyclones Krebs gMAX26” x16
Pebble Crusher Metso HP4
Power Plant
Power
generators
5 x 8.8MW,13.8kV
Wärtsilä engines
HFO storage tanks
2 x 1,500m3 (3-4 weeks
inventory)
Site Power Draw 20MW (peak 25MW)