- Detour Gold produced 104,497 ounces of gold in Q1 2015 at total cash costs of $925/oz and AISC of $1,307/oz.
- Drilling at Lower Detour extended the high-grade 58N zone along strike and depth, confirming continuity. A 30,000m summer drilling program is planned.
- Mining rates exceeded budget in March, averaging 250,000 tonnes per day, and the mill has been operating at design capacity for over 80 days.
This document provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key points:
- Detour Gold is Canada's largest gold mining operation not controlled by a senior gold producer.
- Production guidance for 2015 is 400,000-425,000 ounces of gold at a total cash cost of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce.
- The company aims to increase production and strengthen its balance sheet in 2015 through execution of its mine plan and benefits from low costs and leverage to gold prices. Near and long-term opportunities exist to enhance value through optimization and exploration.
Detour Gold Corporation is Canada's second largest gold producer and has the largest gold reserves in Canada. The document provides Detour Gold's 2015 production guidance of 475,000-525,000 ounces of gold at a total cash cost of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce. It also outlines Detour Gold's key drivers for success in 2015, including execution of its plan to increase gold production through higher mining and milling rates and strengthening its balance sheet. Near to long-term value enhancements include plant optimization, development of the Block A deposit, and exploration potential.
Detour Gold Corporation is a Canadian intermediate gold producer that presented its corporate overview and 2015 guidance. Key points include:
- 2015 production guidance of 475,000-525,000 ounces of gold at total cash costs of $780-$850/ounce and all-in sustaining costs of $1,050-$1,150/ounce.
- Q2 2015 saw record mining and milling rates and lower costs per ounce, positioning the company well for the remainder of 2015.
- The company is focused on optimizing operations through mill throughput increases, mining rate improvements, and evaluating opportunities in its life of mine plan update to maximize value over the next 5-10 years.
Detour Gold Corporation is a Canadian intermediate gold producer that presented at the 21st Annual Canada Mining Conference. In 2015, Detour Gold expects to produce between 475,000-525,000 ounces of gold at total cash costs of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce. The company will focus on optimizing operations at its Detour Lake Mine in northern Ontario through initiatives like plant optimization and the development of the Block A zone. Detour Gold also plans to update its life of mine plan and continues exploring regional targets around its 630 square kilometer land package.
Detour Gold Corporation is Canada's second largest gold producer and has the largest gold reserves in Canada. In 2015, Detour Gold expects to produce between 475,000-525,000 ounces of gold at a total cash cost of $780-$850 per ounce and an all-in sustaining cost of $1,050-$1,150 per ounce. In the first half of 2015, Detour Gold produced 230,920 ounces of gold at a total cash cost of $828 per ounce sold and an all-in sustaining cost of $1,163 per ounce sold. Detour Gold aims to strengthen its balance sheet in 2015 through solid operational performance at its Detour Lake Mine in Ontario, Canada.
This document provides an overview and investment opportunity for Detour Gold Corporation, a Canadian gold mining company. It begins with standard forward-looking statements and disclaimers. It then presents Detour Gold as having a unique investment opportunity as Canada's largest gold producer not controlled by a senior mining company, with its large-scale, long-life Detour Lake Mine located in a mining-friendly jurisdiction. The document highlights Detour Gold's growing production and cash flow profile, as well as opportunities to further optimize operations.
- The document discusses Detour Gold Corporation's Detour Lake Mine in Canada. It provides production guidance for 2015 of 400-425 thousand ounces of gold at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- The mine is exceeding its mining and milling targets for 2015, achieving mining rates of over 271,000 tonnes per day and mill throughput of 59,370 tonnes per day recently. There is potential to further optimize operations to increase production.
- Safety is a priority, with a total recordable injury frequency rate of 2.1 so far in 2015, below the provincial mining industry average. The mine aims
Detour Gold Corporation presented at the CIBC Mining Conference on June 23, 2015. The presentation provided guidance for 2015, including gold production of 400,000-425,000 ounces at total cash costs of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce. Capital expenditures were estimated at $90-100 million for sustaining capital and $20-25 million for deferred stripping. The presentation highlighted that mining and milling rates were currently exceeding budget over the last three months and discussed opportunities to further optimize operations.
This document provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key points:
- Detour Gold is Canada's largest gold mining operation not controlled by a senior gold producer.
- Production guidance for 2015 is 400,000-425,000 ounces of gold at a total cash cost of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce.
- The company aims to increase production and strengthen its balance sheet in 2015 through execution of its mine plan and benefits from low costs and leverage to gold prices. Near and long-term opportunities exist to enhance value through optimization and exploration.
Detour Gold Corporation is Canada's second largest gold producer and has the largest gold reserves in Canada. The document provides Detour Gold's 2015 production guidance of 475,000-525,000 ounces of gold at a total cash cost of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce. It also outlines Detour Gold's key drivers for success in 2015, including execution of its plan to increase gold production through higher mining and milling rates and strengthening its balance sheet. Near to long-term value enhancements include plant optimization, development of the Block A deposit, and exploration potential.
Detour Gold Corporation is a Canadian intermediate gold producer that presented its corporate overview and 2015 guidance. Key points include:
- 2015 production guidance of 475,000-525,000 ounces of gold at total cash costs of $780-$850/ounce and all-in sustaining costs of $1,050-$1,150/ounce.
- Q2 2015 saw record mining and milling rates and lower costs per ounce, positioning the company well for the remainder of 2015.
- The company is focused on optimizing operations through mill throughput increases, mining rate improvements, and evaluating opportunities in its life of mine plan update to maximize value over the next 5-10 years.
Detour Gold Corporation is a Canadian intermediate gold producer that presented at the 21st Annual Canada Mining Conference. In 2015, Detour Gold expects to produce between 475,000-525,000 ounces of gold at total cash costs of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce. The company will focus on optimizing operations at its Detour Lake Mine in northern Ontario through initiatives like plant optimization and the development of the Block A zone. Detour Gold also plans to update its life of mine plan and continues exploring regional targets around its 630 square kilometer land package.
Detour Gold Corporation is Canada's second largest gold producer and has the largest gold reserves in Canada. In 2015, Detour Gold expects to produce between 475,000-525,000 ounces of gold at a total cash cost of $780-$850 per ounce and an all-in sustaining cost of $1,050-$1,150 per ounce. In the first half of 2015, Detour Gold produced 230,920 ounces of gold at a total cash cost of $828 per ounce sold and an all-in sustaining cost of $1,163 per ounce sold. Detour Gold aims to strengthen its balance sheet in 2015 through solid operational performance at its Detour Lake Mine in Ontario, Canada.
This document provides an overview and investment opportunity for Detour Gold Corporation, a Canadian gold mining company. It begins with standard forward-looking statements and disclaimers. It then presents Detour Gold as having a unique investment opportunity as Canada's largest gold producer not controlled by a senior mining company, with its large-scale, long-life Detour Lake Mine located in a mining-friendly jurisdiction. The document highlights Detour Gold's growing production and cash flow profile, as well as opportunities to further optimize operations.
- The document discusses Detour Gold Corporation's Detour Lake Mine in Canada. It provides production guidance for 2015 of 400-425 thousand ounces of gold at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- The mine is exceeding its mining and milling targets for 2015, achieving mining rates of over 271,000 tonnes per day and mill throughput of 59,370 tonnes per day recently. There is potential to further optimize operations to increase production.
- Safety is a priority, with a total recordable injury frequency rate of 2.1 so far in 2015, below the provincial mining industry average. The mine aims
Detour Gold Corporation presented at the CIBC Mining Conference on June 23, 2015. The presentation provided guidance for 2015, including gold production of 400,000-425,000 ounces at total cash costs of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce. Capital expenditures were estimated at $90-100 million for sustaining capital and $20-25 million for deferred stripping. The presentation highlighted that mining and milling rates were currently exceeding budget over the last three months and discussed opportunities to further optimize operations.
Dgc 15 11_10 - nbf-tsx canadian miners conferenceDetourGold
Detour Gold Corporation is Canada's intermediate gold producer. In Q3 2015, Detour Lake Mine produced 106,125 ounces of gold at total cash costs of $942/ounce and all-in sustaining costs of $1,071/ounce. For full-year 2015, Detour Lake Mine expects gold production between 475,000-525,000 ounces at total cash costs between $780-$850/ounce and all-in sustaining costs between $1,050-$1,150/ounce. Detour Gold will focus its life of mine plan update on a lower risk operational profile with a mining rate reduction and higher plant throughput capacity while adding the nearby Block A deposit as a second feed source starting in 2018.
- Detour Gold Corporation is Canada's intermediate gold producer presenting at their annual general meeting.
- They provide guidance for 2015 of 475,000-525,000 ounces of gold production at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- Key focuses for 2015 include optimizing mining and milling rates to achieve production targets and realizing near-term opportunities such as updating the life of mine plan and testing processing of low-grade stockpiles.
1. Detour Gold Corporation is a Canadian gold mining company and intermediate gold producer presenting at the Scotiabank Mining Conference in Toronto.
2. The presentation discusses Detour Gold's 2015 production guidance, opportunities to optimize operations at its Detour Lake Mine in Ontario, and notes that Detour Gold represents a unique investment opportunity as Canada's largest gold producer not controlled by a senior mining company.
3. Forward-looking statements are provided, subject to various risks and uncertainties that could cause actual results to differ materially. Non-IFRS financial measures are also referenced to provide additional information to investors.
Detour Gold Corporation presented at the 2015 Global Mining & Materials Conference. Key points:
1) Detour Gold provided 2015 production guidance of 475,000-525,000 ounces of gold at an estimated total cash cost of $780-$850 per ounce and all-in sustaining cost of $1,050-$1,150 per ounce.
2) The presentation highlighted that Detour Gold has been exceeding its mining and milling targets over the last three months and is on track to achieve its 2015 guidance.
3) Detour Gold is focused on optimizing operations and reducing costs in 2015 to strengthen its balance sheet and provide leverage to a higher gold price and weaker Canadian dollar.
1) The document presents Detour Gold Corporation as Canada's intermediate gold producer, providing production guidance for 2015 of 400,000-425,000 ounces of gold.
2) It outlines Detour Gold's key drivers for success in 2015, including execution of its plan, production growth, and opportunities to enhance value through optimization and exploration.
3) The document reviews Detour Gold's solid progress in the first half of 2015, including achieving total cash costs of $828/ounce and all-in sustaining costs of $1,163/ounce, and expectations for stronger performance in the second half of the year.
This document provides an overview of Detour Gold Corporation as an intermediate gold producer in Canada. It begins with standard forward-looking statements and disclaimers. It then notes that Detour Gold operates the Detour Lake mine in Canada, which provides exposure to the Canadian dollar. As the largest gold mine in Canada not controlled by a senior gold producer, Detour Gold presents a unique investment opportunity as a growing intermediate producer. The document highlights Detour Gold's 2015 production guidance which positions it as the #2 gold producer and #1 in reserves among Canadian producers.
- Detour Gold produced 505,558 ounces of gold in 2015, an 11% increase over 2014 production, meeting its production guidance.
- All-in sustaining costs declined by approximately 35% in 2015 compared to 2014, estimated at $1,040-1,060 per ounce sold for the year.
- Exploration drilling at Lower Detour returned encouraging results, confirming the continuity of gold mineralization along the Lower Detour trend to be further tested in 2016.
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key highlights from 2016 include producing 394,253 ounces of gold at an all-in sustaining cost of $960 per ounce sold and reducing debt levels by 28%. The presentation discusses preliminary guidance for 2017 which forecasts gold production of 540,000-590,000 ounces at an AISC of $1,050-1,150 per ounce sold. It also provides an update on exploration prospects including the prospective Zone 58N and advancing work on the West Detour project.
Detour Gold Corporation is a Canadian intermediate gold producer presenting at the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference. The presentation summarizes Detour Gold's 2015 production guidance of 475,000-525,000 ounces of gold, total cash costs of $780-850 per ounce, and all-in sustaining costs of $1,050-$1,150 per ounce. It also outlines opportunities to potentially lower costs through foreign exchange rates, cost reduction programs, and lower diesel prices. Detour Gold expects to increase mining and milling rates in 2015 to drive production growth and optimize operations at its Detour Lake Mine in Ontario, Canada.
- The document provides an overview of AuRico Gold's Q1 2013 financial results conference call and webcast scheduled for May 10, 2013.
- It includes forward-looking statements and cautions that actual results may differ from projections. Factors like commodity prices, exchange rates, reserves, costs and economic conditions could affect results.
- Highlights from Q1 2013 include $1 billion in proceeds from portfolio optimization, a strong balance sheet, and the Young-Davidson mine ramp-up on track.
- Golden Star is an established gold miner in Ghana with brownfield development projects transforming its production profile.
- The Wassa underground project is progressing on schedule, with the decline developed and infrastructure installed. First production is expected in early 2016.
- Drilling at Wassa has identified potential to expand resources along strike and at depth.
- Prestea Underground has potential for high grade extensions outside the known resource, with a feasibility study underway on shrinkage mining of the West Reef zone.
BMO Capital Markets Global Metals & Mining Conferenceyamanagold2015
This document provides an overview of Yamana Gold's operations and outlook. Some key points:
- 2014 production totaled 1.4 million GEO at an AISC of $807/GEO, below guidance. Cornerstone assets performed as expected.
- Operations snapshots are provided for each of Yamana's mines, highlighting 2014 performance and 2015-2017 production outlooks.
- The construction decision was made to proceed with the Cerro Moro project, with an estimated capital cost of $398 million and potential for exploration to increase reserves.
- The 2015-2017 production outlook is 1.3-1.4 million GEO annually at an AISC of $800-$830/oz, with expansionary capital
PowerPoint presentation from Southwestern Energy posted in early July (before 2Q15 numbers were released). Southwestern is now the fourth largest natural gas producer in the Lower 48 States and one of the largest producers in the Marcellus Shale region.
Q1 2016 results showed that Golden Star's transition to lower-cost operations is taking effect. Cash operating costs and all-in sustaining costs declined significantly from prior periods. Production exceeded expectations and cash flow from operations was positive. A $20 million payment was received from Royal Gold per the streaming agreement and additional financing of $15 million is expected to close in May 2016.
A PowerPoint presentation detailing Southwestern's gas and oil drilling activities in the U.S., as of August 2013. The presentation details activity by play, including several slides that focus on the Marcellus Shale.
Jp energy mlpa conference jun2016-finalir_jpenergy
MLPA Investor Conference held in June 2016. The presentation discusses JP Energy Partners LP (JPEP), a publicly traded MLP that operates in crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales. It provides an overview of each segment's assets and operations. The presentation also notes that JPEP has achieved growth through acquisitions and expansion projects since its inception in 2013.
Golden Star has transformed its strategic focus and leadership to become a stable, reliable non-refractory gold producer. Key actions include suspending high-cost refractory production, converting reserves to non-refractory ounces, and unlocking value at existing mines. At Wassa, costs have been reduced by accessing higher grades from the open pit and planned underground mine. Prestea's open pits provide non-refractory production until the underground mine starts in 2017. Fourth quarter costs per ounce fell to $715 as production shifted to only non-refractory ounces. The company is fully funded to develop Wassa and Prestea underground mines to provide long-term production and cost stability.
- The company reported third quarter 2015 results with record production of 16.6 MBoe/d, up 17% year-over-year.
- Operating costs continued to decrease, with lease operating expenses of $5.04/Boe, a 14% reduction from the prior year.
- The company drilled 4 wells and completed 5 wells in the Wolfcamp B-C zones, with initial production averaging 931 Boe/d.
2015 Annual General Meeting PresentationDetourGold
- Detour Gold Corporation is Canada's intermediate gold producer presenting at their annual general meeting.
- They provide guidance for 2015 of 475,000-525,000 ounces of gold production at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- Key focuses for 2015 include optimizing mining and milling rates to achieve production targets and realizing near-term opportunities such as updating the life of mine plan and testing processing of low-grade stockpiles.
Golden Star reported its Q3 2015 financial results. Key highlights included suspending high-cost refractory operations, commencing mining development at Prestea Underground and Wassa Underground, and achieving $75 million of $150 million in funding which improved liquidity and allowed retirement of debt. Cost reduction efforts such as optimizing mining and processing operations led to decreases in mine operating expenses and cash operating costs compared to previous quarters.
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Key highlights from 2016 include gold production of 394,253 ounces at an all-in sustaining cost of $960 per ounce sold and earnings from mine operations of $90 million. The presentation discusses Q3 2016 operating results and costs, preliminary 2017 guidance, the Campbell Pit plan for 2017, a focus on advancing the prospective Zone 58N, and safety performance.
- Detour Gold is a Canadian gold mining company and intermediate gold producer.
- In 2016, Detour Gold expects to produce between 540,000-590,000 ounces of gold at total cash costs between $675-750 per ounce sold and all-in sustaining costs between $840-940 per ounce sold.
- In Q1 2016, Detour Gold produced 127,136 ounces of gold and sold 137,608 ounces at total cash costs of $637 per ounce sold and all-in sustaining costs of $824 per ounce sold.
Dgc 15 11_10 - nbf-tsx canadian miners conferenceDetourGold
Detour Gold Corporation is Canada's intermediate gold producer. In Q3 2015, Detour Lake Mine produced 106,125 ounces of gold at total cash costs of $942/ounce and all-in sustaining costs of $1,071/ounce. For full-year 2015, Detour Lake Mine expects gold production between 475,000-525,000 ounces at total cash costs between $780-$850/ounce and all-in sustaining costs between $1,050-$1,150/ounce. Detour Gold will focus its life of mine plan update on a lower risk operational profile with a mining rate reduction and higher plant throughput capacity while adding the nearby Block A deposit as a second feed source starting in 2018.
- Detour Gold Corporation is Canada's intermediate gold producer presenting at their annual general meeting.
- They provide guidance for 2015 of 475,000-525,000 ounces of gold production at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- Key focuses for 2015 include optimizing mining and milling rates to achieve production targets and realizing near-term opportunities such as updating the life of mine plan and testing processing of low-grade stockpiles.
1. Detour Gold Corporation is a Canadian gold mining company and intermediate gold producer presenting at the Scotiabank Mining Conference in Toronto.
2. The presentation discusses Detour Gold's 2015 production guidance, opportunities to optimize operations at its Detour Lake Mine in Ontario, and notes that Detour Gold represents a unique investment opportunity as Canada's largest gold producer not controlled by a senior mining company.
3. Forward-looking statements are provided, subject to various risks and uncertainties that could cause actual results to differ materially. Non-IFRS financial measures are also referenced to provide additional information to investors.
Detour Gold Corporation presented at the 2015 Global Mining & Materials Conference. Key points:
1) Detour Gold provided 2015 production guidance of 475,000-525,000 ounces of gold at an estimated total cash cost of $780-$850 per ounce and all-in sustaining cost of $1,050-$1,150 per ounce.
2) The presentation highlighted that Detour Gold has been exceeding its mining and milling targets over the last three months and is on track to achieve its 2015 guidance.
3) Detour Gold is focused on optimizing operations and reducing costs in 2015 to strengthen its balance sheet and provide leverage to a higher gold price and weaker Canadian dollar.
1) The document presents Detour Gold Corporation as Canada's intermediate gold producer, providing production guidance for 2015 of 400,000-425,000 ounces of gold.
2) It outlines Detour Gold's key drivers for success in 2015, including execution of its plan, production growth, and opportunities to enhance value through optimization and exploration.
3) The document reviews Detour Gold's solid progress in the first half of 2015, including achieving total cash costs of $828/ounce and all-in sustaining costs of $1,163/ounce, and expectations for stronger performance in the second half of the year.
This document provides an overview of Detour Gold Corporation as an intermediate gold producer in Canada. It begins with standard forward-looking statements and disclaimers. It then notes that Detour Gold operates the Detour Lake mine in Canada, which provides exposure to the Canadian dollar. As the largest gold mine in Canada not controlled by a senior gold producer, Detour Gold presents a unique investment opportunity as a growing intermediate producer. The document highlights Detour Gold's 2015 production guidance which positions it as the #2 gold producer and #1 in reserves among Canadian producers.
- Detour Gold produced 505,558 ounces of gold in 2015, an 11% increase over 2014 production, meeting its production guidance.
- All-in sustaining costs declined by approximately 35% in 2015 compared to 2014, estimated at $1,040-1,060 per ounce sold for the year.
- Exploration drilling at Lower Detour returned encouraging results, confirming the continuity of gold mineralization along the Lower Detour trend to be further tested in 2016.
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key highlights from 2016 include producing 394,253 ounces of gold at an all-in sustaining cost of $960 per ounce sold and reducing debt levels by 28%. The presentation discusses preliminary guidance for 2017 which forecasts gold production of 540,000-590,000 ounces at an AISC of $1,050-1,150 per ounce sold. It also provides an update on exploration prospects including the prospective Zone 58N and advancing work on the West Detour project.
Detour Gold Corporation is a Canadian intermediate gold producer presenting at the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference. The presentation summarizes Detour Gold's 2015 production guidance of 475,000-525,000 ounces of gold, total cash costs of $780-850 per ounce, and all-in sustaining costs of $1,050-$1,150 per ounce. It also outlines opportunities to potentially lower costs through foreign exchange rates, cost reduction programs, and lower diesel prices. Detour Gold expects to increase mining and milling rates in 2015 to drive production growth and optimize operations at its Detour Lake Mine in Ontario, Canada.
- The document provides an overview of AuRico Gold's Q1 2013 financial results conference call and webcast scheduled for May 10, 2013.
- It includes forward-looking statements and cautions that actual results may differ from projections. Factors like commodity prices, exchange rates, reserves, costs and economic conditions could affect results.
- Highlights from Q1 2013 include $1 billion in proceeds from portfolio optimization, a strong balance sheet, and the Young-Davidson mine ramp-up on track.
- Golden Star is an established gold miner in Ghana with brownfield development projects transforming its production profile.
- The Wassa underground project is progressing on schedule, with the decline developed and infrastructure installed. First production is expected in early 2016.
- Drilling at Wassa has identified potential to expand resources along strike and at depth.
- Prestea Underground has potential for high grade extensions outside the known resource, with a feasibility study underway on shrinkage mining of the West Reef zone.
BMO Capital Markets Global Metals & Mining Conferenceyamanagold2015
This document provides an overview of Yamana Gold's operations and outlook. Some key points:
- 2014 production totaled 1.4 million GEO at an AISC of $807/GEO, below guidance. Cornerstone assets performed as expected.
- Operations snapshots are provided for each of Yamana's mines, highlighting 2014 performance and 2015-2017 production outlooks.
- The construction decision was made to proceed with the Cerro Moro project, with an estimated capital cost of $398 million and potential for exploration to increase reserves.
- The 2015-2017 production outlook is 1.3-1.4 million GEO annually at an AISC of $800-$830/oz, with expansionary capital
PowerPoint presentation from Southwestern Energy posted in early July (before 2Q15 numbers were released). Southwestern is now the fourth largest natural gas producer in the Lower 48 States and one of the largest producers in the Marcellus Shale region.
Q1 2016 results showed that Golden Star's transition to lower-cost operations is taking effect. Cash operating costs and all-in sustaining costs declined significantly from prior periods. Production exceeded expectations and cash flow from operations was positive. A $20 million payment was received from Royal Gold per the streaming agreement and additional financing of $15 million is expected to close in May 2016.
A PowerPoint presentation detailing Southwestern's gas and oil drilling activities in the U.S., as of August 2013. The presentation details activity by play, including several slides that focus on the Marcellus Shale.
Jp energy mlpa conference jun2016-finalir_jpenergy
MLPA Investor Conference held in June 2016. The presentation discusses JP Energy Partners LP (JPEP), a publicly traded MLP that operates in crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales. It provides an overview of each segment's assets and operations. The presentation also notes that JPEP has achieved growth through acquisitions and expansion projects since its inception in 2013.
Golden Star has transformed its strategic focus and leadership to become a stable, reliable non-refractory gold producer. Key actions include suspending high-cost refractory production, converting reserves to non-refractory ounces, and unlocking value at existing mines. At Wassa, costs have been reduced by accessing higher grades from the open pit and planned underground mine. Prestea's open pits provide non-refractory production until the underground mine starts in 2017. Fourth quarter costs per ounce fell to $715 as production shifted to only non-refractory ounces. The company is fully funded to develop Wassa and Prestea underground mines to provide long-term production and cost stability.
- The company reported third quarter 2015 results with record production of 16.6 MBoe/d, up 17% year-over-year.
- Operating costs continued to decrease, with lease operating expenses of $5.04/Boe, a 14% reduction from the prior year.
- The company drilled 4 wells and completed 5 wells in the Wolfcamp B-C zones, with initial production averaging 931 Boe/d.
2015 Annual General Meeting PresentationDetourGold
- Detour Gold Corporation is Canada's intermediate gold producer presenting at their annual general meeting.
- They provide guidance for 2015 of 475,000-525,000 ounces of gold production at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- Key focuses for 2015 include optimizing mining and milling rates to achieve production targets and realizing near-term opportunities such as updating the life of mine plan and testing processing of low-grade stockpiles.
Golden Star reported its Q3 2015 financial results. Key highlights included suspending high-cost refractory operations, commencing mining development at Prestea Underground and Wassa Underground, and achieving $75 million of $150 million in funding which improved liquidity and allowed retirement of debt. Cost reduction efforts such as optimizing mining and processing operations led to decreases in mine operating expenses and cash operating costs compared to previous quarters.
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Key highlights from 2016 include gold production of 394,253 ounces at an all-in sustaining cost of $960 per ounce sold and earnings from mine operations of $90 million. The presentation discusses Q3 2016 operating results and costs, preliminary 2017 guidance, the Campbell Pit plan for 2017, a focus on advancing the prospective Zone 58N, and safety performance.
- Detour Gold is a Canadian gold mining company and intermediate gold producer.
- In 2016, Detour Gold expects to produce between 540,000-590,000 ounces of gold at total cash costs between $675-750 per ounce sold and all-in sustaining costs between $840-940 per ounce sold.
- In Q1 2016, Detour Gold produced 127,136 ounces of gold and sold 137,608 ounces at total cash costs of $637 per ounce sold and all-in sustaining costs of $824 per ounce sold.
This document provides an overview of Detour Gold Corporation's operations and growth plans. Some key points:
- Detour Gold is a Canadian intermediate gold producer with over 16 million ounces of gold reserves and plans to produce between 540,000 to 590,000 ounces of gold in 2016.
- The company is focused on optimizing its Detour Lake mine and mill to increase production capacity while lowering costs. Plans include improving mining rates, plant throughput, and evaluating processing additional ore sources.
- Organic growth opportunities include developing the West Detour open pit in 2019 and advancing the high-grade Zone 58N deposit.
- Detour Gold aims to reduce debt and maintain a strong balance sheet to fund
- Detour Gold reported Q3 2014 financial and operational results, including 115,344 ounces of gold production and total cash costs of $941/ounce sold.
- Mill operations exceeded design capacity of 55,000 tonnes per day for over 50 consecutive days, significantly de-risking operations.
- Company is on track to meet 2014 production and cost guidance and has targeted $60 million in debt repayments.
- Detour Gold reported Q3 2014 financial and operational results, including 106,334 ounces of gold sold and a net loss of $0.8 million.
- Production exceeded design capacity of 55,000 tonnes per day for over 50 consecutive days in Q3, putting the company on track to meet 2014 guidance.
- Capital spending remained on budget and $60 million in debt repayments were targeted for the full year.
Detour Gold Corporation reported its Q3 2014 results. Key highlights include:
- Gold production of 115,344 ounces and sales of 106,334 ounces.
- Total cash costs of $941 per ounce sold, on track to meet full year guidance.
- The mill exceeded its design capacity of 55,000 tonnes per day for over 50 consecutive days.
- Net loss of $0.8 million or $0 per share, adjusted net loss of $16.5 million or $0.10 per share.
This document provides an overview and corporate presentation for Detour Gold Corporation, a Canadian gold producer. It discusses Detour Gold's large long-life mining operation at Detour Lake Mine in Ontario, Canada, with over 15 million ounces of gold reserves and a 21+ year mine life. The presentation highlights Detour Gold's 2014 operational and financial performance, including achieving gold production of 457,000 ounces at total cash costs of $930 per ounce sold, improving the milling and mining rates at Detour Lake Mine, and positive drilling results from ongoing exploration.
1) The document presents corporate information for Detour Gold Corporation, an intermediate Canadian gold producer. It provides guidance for 2015 including estimated gold production of 475,000-525,000 ounces at total cash costs of $780-850 per ounce sold and all-in sustaining costs of $1,050-1,150 per ounce sold.
2) Detour Gold's 2015 operating plan includes milling approximately 19.7 million tonnes of ore at a strip ratio of 3.5:1 and average head grade of 0.86 g/t gold. The mining rate is planned to be 238,000 tonnes per day on average.
3) Opportunities for increased production in 2015 include further
1) The document presents corporate information for Detour Gold Corporation, an intermediate Canadian gold producer. It provides guidance for 2015 including estimated gold production of 475,000-525,000 ounces at total cash costs of $780-850 per ounce sold and all-in sustaining costs of $1,050-1,150 per ounce sold.
2) Detour Gold's 2015 operating plan includes milling approximately 19.7 million tonnes of ore at a strip ratio of 3.5:1 and head grade of 0.86 g/t gold, with average mining and milling rates of 238,000 tonnes per day and 54,000 tonnes per day respectively.
3) Opportunities
Detour Gold Corporation is Canada's intermediate gold producer with 16.4 million ounces of gold reserves at its Detour Lake Mine in Ontario. In the first half of 2016, Detour Lake produced 266,000 ounces of gold at total cash costs of $664/ounce and all-in sustaining costs of $925/ounce. Detour Gold is focused on optimizing operations at Detour Lake to increase production to over 600,000 ounces per year while lowering costs, developing satellite deposits, and pursuing acquisition opportunities to add value. The company aims to reduce debt and refinance the remaining balance before maturity in November 2017.
The document provides an overview of AuRico Gold's Q1 2013 financial results conference call and webcast. It includes forward-looking statements and cautions that actual results may differ from projections. Key highlights mentioned are proceeds of $1 billion from portfolio optimization, a reduced share count and exploration budget, and the Young-Davidson mine ramp-up being on target. The document also provides financial results summaries for continuing operations in Q1 2013 versus Q1 2012, as well as cash cost and production details for Young-Davidson and El Chanate mines. Adjusted net earnings are reconciled and commentary is provided by the President and CEO on the transformed company going forward.
1) The document presents corporate information about Detour Gold Corporation, an intermediate Canadian gold producer. It provides guidance for 2015, including estimated gold production of 475,000-525,000 ounces at total cash costs of $780-850 per ounce sold and all-in sustaining costs of $1,050-1,150 per ounce sold.
2) The 2015 operating plan details mining rates of 238,000 tonnes per day with a strip ratio of 3.5:1 and processing rates of around 54,000 tonnes per day at a head grade of 0.86 g/t gold and recovery of 91.5%.
3) Opportunities for improvement in 2015 include increasing the mining rate
1) Detour Gold is a Canadian intermediate gold producer focused on optimizing operations at its Detour Lake mine in Ontario.
2) In 2015, Detour Gold aims to produce between 475,000-525,000 ounces of gold at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
3) The company sees opportunities to increase production and reduce costs through initiatives like processing fines and extracting pebbles, with the goal of strengthening its balance sheet.
1) Detour Gold is a Canadian intermediate gold producer focused on optimizing operations at its Detour Lake mine in Ontario.
2) In 2015, Detour Gold aims to increase production to a range of 475,000 to 525,000 ounces of gold at total cash costs of $780 to $850 per ounce and all-in sustaining costs of $1,050 to $1,150 per ounce.
3) The company sees opportunities to further optimize operations through increasing throughput, extracting fine material and pebbles, and exploring regional targets near Detour Lake.
Detour Gold Corporation reported its Q1 2014 results. Key highlights included gold production of 107,154 ounces and total cash costs of $976 per ounce sold. Revenues were $110 million on gold sales of 84,560 ounces. The net loss was $54.9 million or $0.38 per share, while the adjusted net loss was $28.1 million or $0.20 per share. Operational performance met expectations as the company continues ramping up production at its Detour Lake Mine in Ontario, Canada. Guidance for 2014 production of 450,000-500,000 ounces and total cash costs of $800-900 per ounce remains unchanged.
The document provides an overview of Detour Gold Corporation's fourth quarter and full year 2016 operating results and 2017 guidance. It includes forward-looking statements regarding future production, costs, and financial metrics. It notes key assumptions for 2017 including a gold price of $1,200/oz, CAD/USD exchange rate of 1.30, diesel fuel price of C$0.70/L, and power cost of C$0.30/kWhr. The document also defines the company's use of non-IFRS measures like total cash costs and all-in sustaining costs to provide additional performance metrics.
- The document is Aurico Gold's Q2 2014 financial results conference call presentation.
- It discusses Aurico's strong safety and production growth performance in Q2 2014, with the eighth consecutive quarter of production growth and Young-Davidson exceeding expectations.
- Cash costs for Q2 2014 were $801 per ounce, and the company is on track to generate positive free cash flow by the end of 2014.
Detour Gold Corporation is an intermediate Canadian gold mining company with one operating mine, Detour Lake, located in northeastern Ontario. The presentation provides an overview of Detour Lake's operations and growth plans. Key points include:
- Detour Lake is a large, long-life asset with over 16 million ounces of gold reserves and expected production of 540,000-570,000 ounces annually over the next 20 years.
- Production and costs are expected to improve over the mine life as optimizations are implemented and economies of scale are realized. All-in sustaining costs are forecast to decline from $920-980 per ounce in 2016.
- The company is pursuing organic growth through projects like the proposed West
Similar to Presentation dgc 15-04_29 _ q1 2015 webcast (20)
Detour Gold Corporation is a Canadian intermediate gold producer with a long-life, large scale mining operation at Detour Lake Mine in Ontario, Canada. The document provides an overview of Detour Gold's 2017 operating plan and life of mine plan through 2040. It summarizes that production is expected to be between 550,000 to 600,000 ounces in 2017, with total cash costs per ounce between $690-750 and all-in sustaining costs between $1,025-1,125. The 2017 budget includes $155 million in sustaining capital and $160-180 million total capital expenditures. The updated life of mine plan outlines mining through 2040 with average annual gold production of 656,000 ounces and a
This corporate presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. Key highlights include:
- Detour Lake mine is a top-ranked, large scale, long-life asset with over 16 million ounces of reserves and projected mine life of over 20 years.
- Production is expected to grow from 550,000 to 600,000 ounces in 2017 to over 600,000 ounces annually by 2018 through optimization and growth projects.
- The company has an organic growth pipeline including the West Detour development project and exploration at Zone 58N and Lower Detour.
- Updated life of mine plan outlines average annual production of over 650,000 ounces at total site costs of $758/
This document provides information about Detour Gold Corporation, a Canadian gold mining company. It discusses Detour Gold's Detour Lake Mine as a large, long-life asset with production growth potential. It provides Detour Gold's 2017 guidance of 550,000-600,000 ounces of gold production. It also outlines Detour Gold's 2017 operating plan, capital expenditures, and organic growth pipeline including the West Detour development project.
This presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. Some key points:
- Detour Lake is Detour Gold's flagship asset with 16.4 million ounces of gold reserves and projected production of 525,000-545,000 ounces in 2016.
- Production is growing organically while costs are declining, with all-in sustaining costs expected to be $970-1,020 per ounce sold in 2016.
- The company is focused on optimizing operations at Detour Lake and pursuing organic growth opportunities through projects like West Detour and Zone 58N, as well as regional exploration properties.
- Detour Gold has significantly reduced debt since 2013 and aims to
BMO Global Metals & Mining Conference - Hollywood, FLDetourGold
Detour Gold Corporation presented at the BMO Global Metals & Mining Conference in February 2016. Key highlights include:
- Detour Gold achieved gold production of 505,558 ounces in 2015 and expects production to increase to 540,000-590,000 ounces in 2016.
- All-in sustaining costs declined significantly over 2015 and are forecasted to be $840-940 per ounce sold in 2016.
- A new 23-year life of mine plan was unveiled, which incorporates the development of the West Detour deposit. The plan outlines steady production of approximately 650,000 ounces per year over the next 9 years.
- Exploration success at the Lower Detour Zone 58N target provides
- Detour Gold Corporation presented its corporate presentation for February 9-10, 2016.
- In 2015, Detour Gold achieved 505,558 ounces of gold production, an 11% increase over 2014, met its mining and milling targets, and estimated its 2015 all-in sustaining costs to be between $1,040-1,060 per ounce sold.
- For 2016, Detour Gold provided production guidance of 540,000-590,000 ounces of gold and estimated total cash costs of $675-750 per ounce and all-in sustaining costs of $840-940 per ounce.
This document provides an overview and summary of Detour Gold Corporation's updated life of mine plan for the Detour Lake gold mine in Ontario, Canada. Key highlights include:
- The mine life is extended to 23 years, producing an average of 655,000 ounces of gold annually.
- Total proven and probable reserves are estimated at 16.4 million ounces of gold.
- Production is expected to increase over the next several years as the second West Detour pit comes online in 2018 and mill throughput expands.
- Operating costs are estimated to average $690 per ounce over the life of mine, with capital costs totaling approximately $1.225 billion.
2. 2
Forward Looking Information
This presentation contains certain forward-looking information and statements as defined in applicable securities law (referred to herein as
“forward-looking statements”). Forward-looking statements include, but are not limited to, statements with respect to 2015 guidance for
production, total cash costs, all-in sustaining costs, capital costs, deferred stripping costs, and exploration costs; expected throughput,
mining and recovery rates; expected future production and mining activities; opportunities to optimize the mine operation; timeline for the
life of mine plan update, second test for the processing of fines, and exploration program; opportunities to optimize the mine operation.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance
or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-
looking statements. These risks, uncertainties and other factors include, but are not limited to, assumptions and parameters underlying the
life of mine update not being realized, a decrease in the future gold price, discrepancies between actual and estimated production, changes
in costs (including labour, supplies, fuel and equipment), changes to tax rates; environmental compliance and changes in environmental
legislation and regulation, exchange rate fluctuations, general economic conditions and other risks involved in the gold exploration and
development industry, as well as those risk factors discussed in the section entitled “Description of Business - Risk Factors” in Detour
Gold’s 2014 AIF and in the continuous disclosure documents filed by Detour Gold on and available on SEDAR at www.sedar.com.
Such forward-looking statements are also based on a number of assumptions which may prove to be incorrect, including, but not limited to,
assumptions about the following: the availability of financing for exploration and development activities; operating and sustaining capital
costs; the Company’s ability to attract and retain skilled staff; sensitivity to metal prices and other sensitivities; the supply and demand for,
and the level and volatility of the price of, gold; the supply and availability of consumables and services; the exchange rates of the Canadian
dollar to the U.S. dollar; energy and fuel costs; the accuracy of reserve and resource estimates and the assumptions on which the reserve
and resource estimates are based; market competition; ongoing relations with employees and impacted communities and general business
and economic conditions. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking
statements contained herein are made as of the date hereof, or such other date or dates specified in such statements.
All forward-looking statements in this presentation are necessarily based on opinions and estimates made as of the date such statements
are made and are subject to important risk factors and uncertainties, many of which cannot be controlled or predicted. Detour Gold and the
Qualified Persons who authored the associated Technical Report undertake no obligation to update publicly or otherwise revise any
forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be
required by law.
3. 3
Notes to Investors
The scientific and technical content of this presentation was reviewed, verified and approved by Drew Anwyll, P.Eng., Senior Vice President Technical
Services, and exploration results was reviewed, verified and approved by Guy MacGillivray, P.Geo.., Exploration Manager , both Qualified Person as
defined by Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.
Qualified Persons
Non-IFRS Financial Performance Measures
The Company has included non-IFRS measures in this presentation: total cash costs, all-in sustaining costs, adjusted net loss and adjusted net loss per
share. The Company believes that these measures, in addition to conventional measures prepared in accordance with IFRS, provide investors an improved
ability to evaluate the underlying performance of the Company. The non-IFRS measures are intended to provide additional information and should not be
considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized
meaning prescribed under IFRS, and therefore may not be comparable to other issuers. Other companies may calculate these measure differently.
Detour Gold reports total cash costs on a sales basis. Total cash costs include production costs such as mining, processing, refining and site
administration, less non-cash share-based compensation and net of silver sales divided by gold ounces sold to arrive at total cash costs per gold ounce
sold. The measure also includes other mine related costs incurred such as mine standby costs and current inventory write downs. Production costs are
exclusive of depreciation and depletion. Production costs include the costs associated with providing the royalty in kind ounces.
Commencing in 2015, the Company adopted all-in sustaining costs on a prospective basis. The Company believes this measure more fully defines the total
costs associated with producing gold. The Company calculates all-in sustaining costs as the sum of total cash costs (as described above), share-based
compensation, corporate general and administrative expense, exploration and evaluation expenses that are sustaining in nature, reclamation cost
accretion, sustaining capital including deferred stripping, and realized gains and losses on hedges due to operating and capital costs, all divided by the gold
ounces sold to arrive at a per ounce figure.
Costs excluded from all-in sustaining costs are non-sustaining capital expenditures and exploration costs that are expected to materially increase
production, financing costs and tax expense. Consequently, this measure is not representative of all of the Company’s cash expenditures. In addition, the
calculation of all-in sustaining costs does not include depreciation and depletion expense as it does not reflect the impact of expenditures incurred in prior
periods.
Adjusted net loss and adjusted basic loss per share are used by management and investors to measure the underlying operating performance of the
Company. Presenting these measures from period to period helps management and investors evaluate earnings trends more readily in comparison with
results from prior periods. Adjusted net loss is defined as net loss adjusted to exclude specific items that are significant, but not reflective of the underlying
operations of the Company, including: fair value change of the convertible notes, the impact of foreign exchange gains and losses, including the foreign
exchange on deferred income and mining taxes, non-cash unrealized gains and losses on derivative instruments, accretion on convertible notes, unwinding
of discount on decommissioning and restoration provisions, impairment provisions and reversals thereof, and other non-recurring items. Adjusted basic net
loss per share is calculated using the weighted average number of shares outstanding under the basic method of loss per share as determined under
IFRS.
4. 4
Management Participants
Paul Martin
President and
Chief Executive Officer
Pierre Beaudoin
Chief Operating Officer
James Mavor
Chief Financial Officer
All monetary amounts are in U.S. dollars unless otherwise stated.
First Quarter 2015 Results
Conference Call and Webcast
6. 6
Q1 2015 Highlights
1. Refer to the section on Non-IFRS Performance Measures on slide 3. Reconciliation of these measures is
described in the MD&A for the quarter ended March 31, 2015.
$118.1 MILLION
cash and short-term
investments
$127.4 MILLION
total revenues
104,497 OZ GOLD
sales
from
$63.1 net loss
MILLION
or $0.38 per share
$23.5 adjusted net loss1
MILLION
or $0.14 per share
105,572 OZ GOLD
production
$925/ OZ SOLD
total cash costs1
Solid progress at end of quarter
Drilling results confirm continuity
of high-grade mineralization
at Lower Detour
7. 7
$976 $925
$700
$750
$800
$850
$900
$950
$1,000
$1,050
$1,100
0
20
40
60
80
100
120
Q1 2015 Highlights
Gaining momentum since March
Mill operating at design capacity for last
82 days
Mining rates exceeding budget at
250,000 tpd for last 69 days
Balance sheet strengthened
Proceeds from equity issue used to
repay debt of $124.2 million
Restructuring credit facility
2015 Guidance maintained
475,000-525,000 ounces
TCC $780-850/oz sold1
AISC $1,050-1,150/oz sold1
1. Refer to the section on Non-IFRS Performance Measures on slide 3. Reconciliation of these measures is
described in the MD&A for the quarter ended March 31, 2015.
Q1’14
107 106
Q1’15
■Total Cash Costs ($/oz sold)1
■Gold Production (K oz)
0.84
91.0
4.3 MILLION
tonnes milled
G/T AU
mill grade
%
gold recovery
AISC of $1,307/oz sold1
8. 8
Results confirmed continuity of the
high-grade gold mineralization
Completed 8 holes totaling 5,700 m
Higher grade gold mineralization of 58N
zone extended to 250 m along strike
and 550 m depth
Open to east and at depth
30,000 m drilling program this summer
50-metre infill program totaling 50 holes
to assess UG potential
Budget of $5 M
Q1 2015 Lower Detour Drilling
Zone 58N
9.53 g/t/ 12.0 m
5.92 g/t/ 18.9 m
14.89 g/t/ 4.1 m
4.91 g/t/ 6.5 m
4.15 g/t/ 8.7 m
9. 9
Driving higher mining rates
Production drilling rates: 3,100 m/d in March
Blasted inventory: 3.1 Mt at end of March
Shovel productivity: 10% improvement
Results
March mining rates at budget levels
Q1 Phase 1 shortfall recovered in first half
of April
Q1 2015 Operating Results - Mine
1.7
2.3
3.1
2,300
2,640
3,100
0
500
1,000
1,500
2,000
2,500
3,000
3,500
0.0
1.0
2.0
3.0
4.0
5.0
Jan Feb Mar
Inventory (Mt)
Drilling Rate (m/d)
10. 10
240
200
160
0
Q1 mining rate average of 220,000 tpd:
Phase 1: 215,000 tpd
Phase 2: Started in February; average of 5,000 tpd
Last 97 days at budget of 238,000 tpd; last 69 days at 250,000 tpd
0
40
80
120
160
200
240
280
10 5 20
Q1E Q2E Q4EQ3E
PHASE 1
2015 Mining Rates (ktpd)
PHASE 2
Targets for
improvement
222222 222222
1616 1616
280
120
80
40
30
Q1 2015 Operating Results - Mine
215
5
Q1A
11. 11
Q1 2015 Operating Results - Mill
Q1’15 Performance
Throughput rate of 47,797 tpd -
record month in March at 58,661 tpd
Operating time at 78% and mechanical
availability at 89%
Recovery at 91%
Results
Plant stabilization since mid-February:
Last 82 days at design capacity of
55,000 tpd
Targeting throughput rate of
54,000 tpd for 2015
Q1’14 Q2’14 Q3’14 Q1’15Q4’14
1. Mill operating time = mill availability
45.0
48.6 49.2 51.1
47.8
0
10
20
30
40
50
60
Q1'14 Q2'14 Q3'14 Q4'14 Q1'15
Mill Throughput (ktpd)
Mill Operating Time (%) 1
7883818380
Q1’14 Q2’14 Q4’14Q3’14 Q1’15
Mechanical Availability (%)
8985838684
12. 12
~80% of costs in Cdn$
Q1 2015 Operating Costs
Maintenance
Labour &
Contractors
Power
Fuel
G&A and
other
Consumables
30%
15%
33%
7%
11%
4%
Q1’2015 (C$)
Mining ($/t mined) $3.16
Processing ($/t milled) $11.35
G&A ($/t milled) $3.89
Mining costs impacted by:
shortfall in tonnes mined
shovel mechanical failures
Milling costs 5% higher due to:
lower tonnes milled
410 conveyor belt replacement
Breakdown of 2015
Operating Costs
13. 13
Breakdown of 2015
Sustaining Capital (US$):
Mine
$30 M
TMA
$34 M
Other
$13 M
Mill
$9 M
Water Management
$10 M
13
Q1 2015 Capital Expenditures
Q1’15
Sustaining Capital $19.8 M
Capitalized Stripping $10.0 M
Total $29.8 M
2015 guidance maintained:
$90-100 M
sustaining capital
$20-25 M
capitalized stripping
~90% of costs in Cdn$
14. 14
Efficiency, optimization and growth
Near-term Opportunities
1
LOM Plan Update in Q4
5 options being reviewed that include Block A
2
Low-grade Stockpiles (not in reserves)
Second test in H2: 4,000 t of enriched material
to be processed
3
Pebble Circuit Extractor
Design completed; evaluating integration with
operations
4
Increase exploration activities
Start 30,000 metre drilling program at Lower
Detour this summer
15. 15
Income Statement
($ millions, except per share amount) Q1’15 Q1’14
Metal Sales $ 127.4 $ 110.0
Cost of Sales
Production costs 97.7 83.1
Depreciation and depletion 36.9 30.6
Loss from Mine Operations $ (7.2) $ (3.7)
Corporate and administrative expense 7.4 7.4
Exploration and evaluation expense 0.7 1.3
Other operating expenses 0.1 -
Loss from Operations $ (15.5) $ (12.5)
Net finance income (cost) (20.3) (42.5)
Income and mining tax expense (27.3) -
Loss for the Period $ (63.1) $ (54.9)
Basic Loss per Share $ (0.38) $ (0.38)
Q1 2015 Financial Review
Note: Totals may not down add due to rounding.
16. 16
Adjusted Net Loss per Share
($ millions, except per share amount) Q1’15 Q1’14
Net Loss $ (63.1) $ (54.9)
Adjusted for:
Fair value (gain) loss of the convertible notes 4.1 16.5
Foreign exchange (gain) loss 1.2 0.1
Foreign exchange on deferred income taxes 27.3 0.0
Non-cash unrealized (gain) loss on derivative instruments 0.0 4.3
Accretion on convertible notes 6.9 5.9
Unwinding of discount on decommissioning and restoration
provisions
0.1 0.1
Adjusted Net Loss1 $ (23.5) $ (28.1)
Adjusted Basic Loss per Share1 $ (0.14) $ (0.20)
Q1 2015 Financial Review
1. Refer to the section on Non-IFRS Performance Measures on slide 3. Reconciliation of these measures is described in the MD&A for
the quarter ended March 31, 2015.
Note: Totals may not down add due to rounding.
17. 17
Q1 2015 Financial Review
Cash Flows
($ millions) Q1’15 Q4’14 Q3’14
Operations $ 26.7 $ 39.9 $ 32.1
Working capital Items (10.2) 3.2 15.7
Operating activities $ 16.5 $ 43.2 $ 47.8
Investing activities (28.3) (18.7) (32.9)
Financing activities (2.3) (25.3) (9.3)
Effects of exchange rate changes (3.0) (2.8) (4.8)
Changes in cash and cash equivalents $ (17.1) $ (3.6) $ 0.8
Cash and cash equivalents – beginning of financial period 133.5 137.1 136.3
Cash and cash equivalents – end of financial period $ 116.4 $ 133.5 $ 137.1
Note: Totals may not down add due to rounding.
18. 18
Balanced risk management strategy
Prudent Financial Management
DIESELCURRENCY
Currency exchange
contracts
Hedge approx. 50%
of next 6 months
consumption
GOLD
Hedge up to 50%
of 2015 gold
production
Forward sales on
85,000 oz @
$1,255/oz
Zero-cost collars
for $90 M with a
ceiling of 1.20
Forward contracts
for $50 M at 1.26
Purchasing diesel
product (~12 M
litres) at fixed price
of $0.46/litre
19. 19
Unique Investment Opportunity
Mining-friendly jurisdiction
Large-scale, long mine life
Largest gold producing mine not
controlled by a senior producer
Growing cash flow profile
Production growth opportunities
Favourable exposure to
Canadian Dollar
DOMINANT
GOLD PRODUCER
IN CANADA