This document provides an overview and summary of Primero Mining Corp.'s presentation at the Bank of America Merrill Lynch 20th Annual Canada Mining Conference on September 4, 2014. The summary includes details on Primero's producing mines, development projects, and growth outlook. It highlights Primero's portfolio of assets in Mexico and Canada, with a focus on increasing production from its flagship San Dimas mine in Mexico and developing its Cerro del Gallo project. Primero aims to grow gold equivalent production to 225,000-245,000 ounces in 2014 through expansions at San Dimas and optimization of its Black Fox mine.
The document is a presentation for the Metals and Minerals Investment Conference held on May 12-13, 2014. It summarizes Primero Mining Corp., a mid-tier gold producer with assets in Mexico and Canada. It highlights key metrics for 2014 such as production targets of 225,000-245,000 ounces of gold and cash costs of $650-700 per ounce at the flagship San Dimas Mine in Mexico. It also profiles expansion potential at San Dimas and growth projects including the Black Fox and Cerro del Gallo mines in Ontario.
Primero Corporate Presentation - July 2014primero_mining
- The corporate update document provides an overview of Primero Mining Corp., including its portfolio of mining assets located in safe jurisdictions, production and cost outlook for 2014, and growth plans.
- Primero aims to deliver measured production growth while maintaining a strong balance sheet and prudent debt levels. Key assets include the San Dimas, Black Fox, and Grey Fox projects which have indicated potential for expansion and increased reserves.
- Exploration programs are ongoing across Primero's properties to further unlock value through discovery of additional mineral resources.
Primero corporate presentation may 2014 v2primero_mining
- Primero reported its corporate update for May 2014, which included information on its assets and growth plans.
- The company expects to increase gold production by up to 70% in 2014 compared to 2013, driven by ramp ups at its Black Fox and San Dimas mines.
- Primero has a portfolio of long-life, high-grade assets in stable jurisdictions of Mexico and Canada, including its flagship San Dimas mine and the recently acquired Black Fox mine.
Primero corporate presentation may 2014 merrill lynch conferencev2primero_mining
This document provides an overview of Primero Mining Corp., a mid-tier gold producer with assets located in safe mining jurisdictions. It discusses Primero's flagship San Dimas mine in Mexico, which has a long history of production. The document outlines Primero's growth strategy, which includes expanding production at San Dimas and developing its Black Fox and Cerro del Gallo projects. It also notes Primero's strong financial position, with $86 million in cash reserves and $113 million in total liquidity as of May 2014.
This document provides an overview of Richmont Mines Inc., a Canadian gold mining company. It discusses Richmont's asset base in Canada including its Island Gold, Beaufor, and Monique mines. The document highlights Richmont's growing production profile, decreasing cost structure, and significant exploration potential. It also summarizes a preliminary economic assessment for expanding the Island Gold mine which could increase production and lower costs.
The document summarizes Richmont Mines' second quarter 2015 results. Key points include:
- Gold production of 26,314 ounces for Q2 2015 and 52,173 ounces for the first half of 2015.
- Cash costs of $974/oz for Q2 2015 and $976/oz for the first half of 2015.
- Focus on developing the Island Gold mine, including $48.3 million planned for 2015 for development, drilling and studies to expand resources and reserves.
Richmont Mines is positioning its Island Gold mine in Ontario, Canada for game-changing growth. In 2015, the company plans to spend $48.3 million at Island Gold, including $19.1 million on sustaining capital and $29.2 million on projects and exploration. This investment aims to transform Island Gold into a longer-life, higher-production mine through underground ramp and drill development, exploration drilling, and mining and milling studies.
- Richmont Mines provides a summary of its operational highlights for Q4 2016 and full-year 2016, noting it achieved record production and cash costs within revised guidance.
- The document discusses the Island Gold Mine specifically, noting 51% production increase over 2015 and 24% reduction in costs, with opportunities for further growth and decreasing costs profile.
- Preliminary estimates indicate potential for positive reserve adjustments at Island Gold from 2016 grade reconciliations being higher than the December 2015 reserve model.
The document is a presentation for the Metals and Minerals Investment Conference held on May 12-13, 2014. It summarizes Primero Mining Corp., a mid-tier gold producer with assets in Mexico and Canada. It highlights key metrics for 2014 such as production targets of 225,000-245,000 ounces of gold and cash costs of $650-700 per ounce at the flagship San Dimas Mine in Mexico. It also profiles expansion potential at San Dimas and growth projects including the Black Fox and Cerro del Gallo mines in Ontario.
Primero Corporate Presentation - July 2014primero_mining
- The corporate update document provides an overview of Primero Mining Corp., including its portfolio of mining assets located in safe jurisdictions, production and cost outlook for 2014, and growth plans.
- Primero aims to deliver measured production growth while maintaining a strong balance sheet and prudent debt levels. Key assets include the San Dimas, Black Fox, and Grey Fox projects which have indicated potential for expansion and increased reserves.
- Exploration programs are ongoing across Primero's properties to further unlock value through discovery of additional mineral resources.
Primero corporate presentation may 2014 v2primero_mining
- Primero reported its corporate update for May 2014, which included information on its assets and growth plans.
- The company expects to increase gold production by up to 70% in 2014 compared to 2013, driven by ramp ups at its Black Fox and San Dimas mines.
- Primero has a portfolio of long-life, high-grade assets in stable jurisdictions of Mexico and Canada, including its flagship San Dimas mine and the recently acquired Black Fox mine.
Primero corporate presentation may 2014 merrill lynch conferencev2primero_mining
This document provides an overview of Primero Mining Corp., a mid-tier gold producer with assets located in safe mining jurisdictions. It discusses Primero's flagship San Dimas mine in Mexico, which has a long history of production. The document outlines Primero's growth strategy, which includes expanding production at San Dimas and developing its Black Fox and Cerro del Gallo projects. It also notes Primero's strong financial position, with $86 million in cash reserves and $113 million in total liquidity as of May 2014.
This document provides an overview of Richmont Mines Inc., a Canadian gold mining company. It discusses Richmont's asset base in Canada including its Island Gold, Beaufor, and Monique mines. The document highlights Richmont's growing production profile, decreasing cost structure, and significant exploration potential. It also summarizes a preliminary economic assessment for expanding the Island Gold mine which could increase production and lower costs.
The document summarizes Richmont Mines' second quarter 2015 results. Key points include:
- Gold production of 26,314 ounces for Q2 2015 and 52,173 ounces for the first half of 2015.
- Cash costs of $974/oz for Q2 2015 and $976/oz for the first half of 2015.
- Focus on developing the Island Gold mine, including $48.3 million planned for 2015 for development, drilling and studies to expand resources and reserves.
Richmont Mines is positioning its Island Gold mine in Ontario, Canada for game-changing growth. In 2015, the company plans to spend $48.3 million at Island Gold, including $19.1 million on sustaining capital and $29.2 million on projects and exploration. This investment aims to transform Island Gold into a longer-life, higher-production mine through underground ramp and drill development, exploration drilling, and mining and milling studies.
- Richmont Mines provides a summary of its operational highlights for Q4 2016 and full-year 2016, noting it achieved record production and cash costs within revised guidance.
- The document discusses the Island Gold Mine specifically, noting 51% production increase over 2015 and 24% reduction in costs, with opportunities for further growth and decreasing costs profile.
- Preliminary estimates indicate potential for positive reserve adjustments at Island Gold from 2016 grade reconciliations being higher than the December 2015 reserve model.
Fourth Quarter 2015 Financial Results - February 22,, 2016RichmontIR
Richmont Mines reported financial and operating results for the fourth quarter and full year of 2015. Key highlights include:
- Annual gold production of 98,031 ounces exceeded guidance and AISC was in line with guidance.
- Island Gold mine achieved another record year with 54% production increase since 2013. Reserves increased 206% and mine life extended to 7 years.
- Beaufor mine life increased to over 2 years based on 95% reserve increase.
- 2016 production guidance of 87,000-97,000 ounces with AISC of $1,275-$1,390 per ounce.
Richmont Mines is positioning for sustainable growth with its quality asset base in Canada. The document discusses Richmont's operational highlights, including strong production at its Island Gold mine that is on track to meet or exceed guidance. It also summarizes the capital structure and provides details on opportunities to increase production and reduce costs at Island Gold through returning to a lower development ore ratio and potential mill expansions.
The document provides an agenda for an Island Gold Technical Session, which will include presentations on: the corporate overview and key highlights; evolution of the Island Gold Mine geology and exploration; an expansion case preliminary economic assessment; the underground mine plan and operating/capital costs; the milling plan and operating/capital costs; a financial analysis; next steps and upside opportunities; and a question and answer period. It also provides background on Richmont Mines' vision, strategy, capital structure, Island Gold's 2016 performance, reserve and resource growth, and 2017 production/cost guidance.
Gran Colombia Gold reported its Q4 and full year 2016 results. Key highlights included record production at its Segovia Operations, achieving guidance targets, and generating excess cash flow. Full year 2016 production totaled 149,708 ounces of gold, cash costs of $706/oz, and AISC of $850/oz. Adjusted EBITDA was $66 million, up 72% over 2015. The company also improved its balance sheet by reducing debt and working capital deficits. For 2017, Gran Colombia aims to further improve its capital structure and generate excess cash flow.
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 owns and operates the Island Gold gold mine in Ontario, Canada. In 2015, Island Gold is forecast to produce 45,000-50,000 ounces of gold at a cash cost of $935-1,035 per ounce. Recent drilling below the mine discovered a new zone containing over 1 million ounces of high-grade gold mineralization that remains open along strike and at depth. Development is underway to access this new zone and increase production at Island Gold in coming years.
Richmont Mines held a technical session to provide an overview of their assets and operations. Their Island Gold mine in Ontario saw record gold production in Q1 2016 and has an increased reserve estimate extending the mine life to 7 years. Exploration potential exists to further expand resources laterally and at depth. The Beaufor mine reserve also increased by 95%, extending the mine life to over 2 years, with continued development of the Q Zone. Overall reserves across both mines increased 187% in 2015. The presentation provided details on geology, production history and future plans to continue growing as a leading intermediate gold producer in Canada.
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.
- Richmont Mines is a Canadian gold mining company that has been producing gold since 1991, with over 1.4 million ounces produced to date.
- It currently operates the Island Gold Mine in Ontario and the Beaufor Mine and Monique Mine properties in Quebec.
- For 2014, Richmont Mines is targeting gold production of 75,000-85,000 ounces and had produced 48,171 ounces in the first half of 2014.
- A key asset is the Island Gold Mine, which has produced over 303,000 ounces of gold since 2007 and for which Richmont Mines is developing a new 1.1 million ounce inferred resource below the existing mine.
Richmont Mines provides guidance for 2015, forecasting gold sales of 78,000-88,000 ounces at an all-in sustaining cost of $1,335-$1,490 per ounce. At their Island Gold Mine, located in Ontario, the company forecasts production of 45,000-50,000 ounces at an all-in sustaining cost of $1,350-$1,495 per ounce. Richmont recently discovered a high-grade zone below the Island Gold Mine containing over 1 million ounces of gold resources.
This document discusses Richmont Mines' positioning for sustainable growth. It provides guidance for 2017 production and costs at its Island Gold and Beaufor mines. Island Gold is expected to produce 87,000-93,000 ounces at cash costs of $715-765/ounce. Exploration continues to expand reserves and resources at Island Gold laterally and at depth. The company has a strong cash position to fund its organic growth plan.
The document provides an overview of Richmont Mines' first quarter 2017 financial results and operations. Key highlights include:
- Solid production of 29,401 ounces of gold and costs in line with guidance.
- Island Gold Mine performed well with 23,772 ounces produced at low costs.
- Cash position of $75.2 million and expected cash flows will fund potential mill expansion at Island Gold.
- Expansion Case PEA for Island Gold Mine expected in Q2 2017 and aims to optimize cash flow generation.
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.
1) The document discusses Richmont Mines' positioning for sustainable growth through its quality asset base in Canada including the Island Gold and Beaufor mines.
2) At Island Gold, production is expected to grow from 45,000-50,000 ounces in 2015 to an average of 78,000 ounces per year from 2017-2022 according to a PEA study. Costs are also expected to decrease.
3) Exploration drilling is planned around Island Gold to expand reserves and resources laterally and at depth.
The document summarizes Richmont Mines' positioning for sustainable growth through 2024. Key points include:
- The Island Gold Mine is expected to increase production to 125,000 ounces annually by 2019-2024 through a preliminary economic assessment to expand operations to 1,100 tonnes per day.
- The expansion case PEA indicates the project could generate strong cash flows and returns on investment at various gold price scenarios.
- Recent exploration success and delineation drilling indicate potential to further expand reserves at Island Gold at higher grades.
- Guidance for 2017 forecasts increased production and declining costs at Island Gold and the company overall.
The document discusses forward-looking statements about the Company's future performance that involve known and unknown risks and uncertainties. It notes that actual exploration and development results, estimates of reserves and resources, timing of production, costs, profitability, and other factors can differ materially from forward-looking statements. It also lists several risk factors that could affect the Company's future results, including exploration, development, mining and operational risks as well as risks from commodity price fluctuations, access to capital and financing, environmental liability, and dependence on joint venture partners. The qualified person for the technical data is identified as Mr. Gregory Smith, P. Geo., Vice President of Exploration for the Company.
- Richmont Mines is positioned for sustainable growth with a quality asset base in Canada including its Island Gold and Beaufor mines. In 2015, mineral reserves increased 187% to over 625,000 ounces of gold.
- Production is expected to grow while costs decrease. Island Gold mine life has increased to 7 years with exploration potential to expand resources.
- The company has a strong balance sheet with $61 million in cash and low debt to fund its strategic growth plan while benefiting from Canadian dollar exposure.
1) Richmont Mines is a Canadian gold mining company with quality assets in Canada, including the Island Gold and Beaufor mines.
2) In 2015, Richmont achieved record revenues and strong operating cash flow, maintained a low debt level, and increased reserves at both mines.
3) For Island Gold, reserves increased 206% and mine life was extended to 7 years, while average annual production is forecast to increase to 78,000 ounces per year from 2017-2022 at lower costs according to a PEA.
Richmont Mines is a Canadian gold mining company that has produced over 1.3 million ounces of gold from its operations in Canada since 1991. The document provides an overview of Richmont Mines, including financial results for Q2 2013 and fiscal year 2012, recent developments in 2013 including the completion of bulk samples and securing financing, and reviews of operations at the Island Gold and Beaufor mines. The Island Gold mine has produced over 225,000 ounces of gold since 2007 and drilling is planned to expand reserves and resources. The Beaufor mine has produced over 500,000 ounces since 1996 and objectives are to lower costs and advance development of the W Zone.
This document provides an overview of Richmont Mines' positioning for sustainable growth through its Island Gold Mine. Key points include:
- Island Gold is a high-grade, low-cost underground mine in Canada that produced nearly 50,000 ounces in the first half of 2017 at a cash cost of $563/ounce.
- The mine is ramping up to an expanded capacity of 1,100 tonnes per day and has potential for further expansion beyond 150,000 ounces annual production.
- An expansion case preliminary economic assessment outlines a capital-efficient expansion with low costs and robust cash flows to support 22% production growth.
- Exploration success provides additional growth opportunities through 750,000 ounces of inferred
The document introduces 3InvestOnline.com, a Nigerian real estate information platform. It aims to address the lack of proper data on the Nigerian real estate sector by providing basic information, news, laws, insights, opinions, forecasts, statistics, valuations, market reports, pricing, and tips to both local and international consumers and industry professionals. The platform is owned by 3Invest Ltd, an established real estate company, and will become a leading media source covering the Nigerian and African real estate industries through compelling journalism and industry experts. It benefits users by assisting with property acquisition and sales, providing industry news and events, capacity building resources, and connecting advertisers with real estate decision makers.
This document discusses the purpose and goals of a preliminary research task assignment. The task is meant to familiarize students with cameras and editing programs before filming officially begins. It provides examples of both successful and poor preliminary tasks. The successful task used a variety of shots, clear lighting, and coherent editing. The poor task had very dark lighting, shaky camerawork, disjointed editing between shots, and a lack of different shot types. The document concludes by emphasizing lessons learned, such as using a tripod, paying attention to lighting, facial expressions, shot variety, and continuous editing.
Fourth Quarter 2015 Financial Results - February 22,, 2016RichmontIR
Richmont Mines reported financial and operating results for the fourth quarter and full year of 2015. Key highlights include:
- Annual gold production of 98,031 ounces exceeded guidance and AISC was in line with guidance.
- Island Gold mine achieved another record year with 54% production increase since 2013. Reserves increased 206% and mine life extended to 7 years.
- Beaufor mine life increased to over 2 years based on 95% reserve increase.
- 2016 production guidance of 87,000-97,000 ounces with AISC of $1,275-$1,390 per ounce.
Richmont Mines is positioning for sustainable growth with its quality asset base in Canada. The document discusses Richmont's operational highlights, including strong production at its Island Gold mine that is on track to meet or exceed guidance. It also summarizes the capital structure and provides details on opportunities to increase production and reduce costs at Island Gold through returning to a lower development ore ratio and potential mill expansions.
The document provides an agenda for an Island Gold Technical Session, which will include presentations on: the corporate overview and key highlights; evolution of the Island Gold Mine geology and exploration; an expansion case preliminary economic assessment; the underground mine plan and operating/capital costs; the milling plan and operating/capital costs; a financial analysis; next steps and upside opportunities; and a question and answer period. It also provides background on Richmont Mines' vision, strategy, capital structure, Island Gold's 2016 performance, reserve and resource growth, and 2017 production/cost guidance.
Gran Colombia Gold reported its Q4 and full year 2016 results. Key highlights included record production at its Segovia Operations, achieving guidance targets, and generating excess cash flow. Full year 2016 production totaled 149,708 ounces of gold, cash costs of $706/oz, and AISC of $850/oz. Adjusted EBITDA was $66 million, up 72% over 2015. The company also improved its balance sheet by reducing debt and working capital deficits. For 2017, Gran Colombia aims to further improve its capital structure and generate excess cash flow.
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 owns and operates the Island Gold gold mine in Ontario, Canada. In 2015, Island Gold is forecast to produce 45,000-50,000 ounces of gold at a cash cost of $935-1,035 per ounce. Recent drilling below the mine discovered a new zone containing over 1 million ounces of high-grade gold mineralization that remains open along strike and at depth. Development is underway to access this new zone and increase production at Island Gold in coming years.
Richmont Mines held a technical session to provide an overview of their assets and operations. Their Island Gold mine in Ontario saw record gold production in Q1 2016 and has an increased reserve estimate extending the mine life to 7 years. Exploration potential exists to further expand resources laterally and at depth. The Beaufor mine reserve also increased by 95%, extending the mine life to over 2 years, with continued development of the Q Zone. Overall reserves across both mines increased 187% in 2015. The presentation provided details on geology, production history and future plans to continue growing as a leading intermediate gold producer in Canada.
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.
- Richmont Mines is a Canadian gold mining company that has been producing gold since 1991, with over 1.4 million ounces produced to date.
- It currently operates the Island Gold Mine in Ontario and the Beaufor Mine and Monique Mine properties in Quebec.
- For 2014, Richmont Mines is targeting gold production of 75,000-85,000 ounces and had produced 48,171 ounces in the first half of 2014.
- A key asset is the Island Gold Mine, which has produced over 303,000 ounces of gold since 2007 and for which Richmont Mines is developing a new 1.1 million ounce inferred resource below the existing mine.
Richmont Mines provides guidance for 2015, forecasting gold sales of 78,000-88,000 ounces at an all-in sustaining cost of $1,335-$1,490 per ounce. At their Island Gold Mine, located in Ontario, the company forecasts production of 45,000-50,000 ounces at an all-in sustaining cost of $1,350-$1,495 per ounce. Richmont recently discovered a high-grade zone below the Island Gold Mine containing over 1 million ounces of gold resources.
This document discusses Richmont Mines' positioning for sustainable growth. It provides guidance for 2017 production and costs at its Island Gold and Beaufor mines. Island Gold is expected to produce 87,000-93,000 ounces at cash costs of $715-765/ounce. Exploration continues to expand reserves and resources at Island Gold laterally and at depth. The company has a strong cash position to fund its organic growth plan.
The document provides an overview of Richmont Mines' first quarter 2017 financial results and operations. Key highlights include:
- Solid production of 29,401 ounces of gold and costs in line with guidance.
- Island Gold Mine performed well with 23,772 ounces produced at low costs.
- Cash position of $75.2 million and expected cash flows will fund potential mill expansion at Island Gold.
- Expansion Case PEA for Island Gold Mine expected in Q2 2017 and aims to optimize cash flow generation.
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.
1) The document discusses Richmont Mines' positioning for sustainable growth through its quality asset base in Canada including the Island Gold and Beaufor mines.
2) At Island Gold, production is expected to grow from 45,000-50,000 ounces in 2015 to an average of 78,000 ounces per year from 2017-2022 according to a PEA study. Costs are also expected to decrease.
3) Exploration drilling is planned around Island Gold to expand reserves and resources laterally and at depth.
The document summarizes Richmont Mines' positioning for sustainable growth through 2024. Key points include:
- The Island Gold Mine is expected to increase production to 125,000 ounces annually by 2019-2024 through a preliminary economic assessment to expand operations to 1,100 tonnes per day.
- The expansion case PEA indicates the project could generate strong cash flows and returns on investment at various gold price scenarios.
- Recent exploration success and delineation drilling indicate potential to further expand reserves at Island Gold at higher grades.
- Guidance for 2017 forecasts increased production and declining costs at Island Gold and the company overall.
The document discusses forward-looking statements about the Company's future performance that involve known and unknown risks and uncertainties. It notes that actual exploration and development results, estimates of reserves and resources, timing of production, costs, profitability, and other factors can differ materially from forward-looking statements. It also lists several risk factors that could affect the Company's future results, including exploration, development, mining and operational risks as well as risks from commodity price fluctuations, access to capital and financing, environmental liability, and dependence on joint venture partners. The qualified person for the technical data is identified as Mr. Gregory Smith, P. Geo., Vice President of Exploration for the Company.
- Richmont Mines is positioned for sustainable growth with a quality asset base in Canada including its Island Gold and Beaufor mines. In 2015, mineral reserves increased 187% to over 625,000 ounces of gold.
- Production is expected to grow while costs decrease. Island Gold mine life has increased to 7 years with exploration potential to expand resources.
- The company has a strong balance sheet with $61 million in cash and low debt to fund its strategic growth plan while benefiting from Canadian dollar exposure.
1) Richmont Mines is a Canadian gold mining company with quality assets in Canada, including the Island Gold and Beaufor mines.
2) In 2015, Richmont achieved record revenues and strong operating cash flow, maintained a low debt level, and increased reserves at both mines.
3) For Island Gold, reserves increased 206% and mine life was extended to 7 years, while average annual production is forecast to increase to 78,000 ounces per year from 2017-2022 at lower costs according to a PEA.
Richmont Mines is a Canadian gold mining company that has produced over 1.3 million ounces of gold from its operations in Canada since 1991. The document provides an overview of Richmont Mines, including financial results for Q2 2013 and fiscal year 2012, recent developments in 2013 including the completion of bulk samples and securing financing, and reviews of operations at the Island Gold and Beaufor mines. The Island Gold mine has produced over 225,000 ounces of gold since 2007 and drilling is planned to expand reserves and resources. The Beaufor mine has produced over 500,000 ounces since 1996 and objectives are to lower costs and advance development of the W Zone.
This document provides an overview of Richmont Mines' positioning for sustainable growth through its Island Gold Mine. Key points include:
- Island Gold is a high-grade, low-cost underground mine in Canada that produced nearly 50,000 ounces in the first half of 2017 at a cash cost of $563/ounce.
- The mine is ramping up to an expanded capacity of 1,100 tonnes per day and has potential for further expansion beyond 150,000 ounces annual production.
- An expansion case preliminary economic assessment outlines a capital-efficient expansion with low costs and robust cash flows to support 22% production growth.
- Exploration success provides additional growth opportunities through 750,000 ounces of inferred
The document introduces 3InvestOnline.com, a Nigerian real estate information platform. It aims to address the lack of proper data on the Nigerian real estate sector by providing basic information, news, laws, insights, opinions, forecasts, statistics, valuations, market reports, pricing, and tips to both local and international consumers and industry professionals. The platform is owned by 3Invest Ltd, an established real estate company, and will become a leading media source covering the Nigerian and African real estate industries through compelling journalism and industry experts. It benefits users by assisting with property acquisition and sales, providing industry news and events, capacity building resources, and connecting advertisers with real estate decision makers.
This document discusses the purpose and goals of a preliminary research task assignment. The task is meant to familiarize students with cameras and editing programs before filming officially begins. It provides examples of both successful and poor preliminary tasks. The successful task used a variety of shots, clear lighting, and coherent editing. The poor task had very dark lighting, shaky camerawork, disjointed editing between shots, and a lack of different shot types. The document concludes by emphasizing lessons learned, such as using a tripod, paying attention to lighting, facial expressions, shot variety, and continuous editing.
This document contains information about the verb "to be" and the alphabet in English and Spanish. It discusses the different structures of the verb "to be" and how it is used to talk about names, nationalities, professions, and characteristics. It then provides examples of sentences using the verb "to be". The next section defines the alphabet as a structured group of letters accepted across languages. It states that the Spanish alphabet is called the Roman alphabet and is used as the writing structure underlying most languages in America. It then lists each letter of the Spanish alphabet and its pronunciation.
Bestech Group is introducing their new luxury residential project, Park View Sanskriti, in Sector 92 Gurgaon. The 13-acre project will consist of 3 and 4 BHK apartments ranging from 1800-2400 sqft, priced between Rs. 1.2-1.4 crore. Amenities will include a clubhouse, pools, sports courts, and security. Bestech is an experienced developer with a track record of successful projects in Gurgaon and Dharuhera. Park View Sanskriti is expected to be completed within 3 years and offers 10% booking amount.
We can help our clients better manager their websites and web content if we give them a CMS interface that is tailored to their needs. So instead of expecting them to use a one-size-fits-all admin template, we provide a client template that is tailored to those who will be managing the website through the CMS.
This presentation, delivered at the 2013 Joomla World Conference, illustrates the client template and how it can be tailored.
24. Conferencia Mundial sobre Metales y Mineria de BMO Capital Marketsprimero_mining
This document provides an overview of Primero Mining Corp., including its assets and growth strategy. It summarizes Primero's 2014 achievements of increasing production by 57% and outlines its 2015 objectives of further increasing production by 20% and reducing costs. It also describes Primero's key assets - the San Dimas mine in Mexico and the Black Fox mine in Canada - and provides production and cost guidance for 2015. Finally, it outlines the expansion and optimization plans for San Dimas and Black Fox to deliver continued production growth organically.
Media Studies is a subject that analyzes various forms of media such as television, radio, newspapers, magazines, and social media. It examines how media representations construct social reality and how audiences interpret these representations. Students taking Media Studies courses learn key concepts and theoretical approaches to understanding the role and influence of media in contemporary society.
- The document is Primero Mining Corp.'s third quarter report for 2013, which includes highlights of their financial and operating results.
- In Q3 2013, Primero produced 41,998 gold equivalent ounces, sold over 1 million ounces of silver, and earned a net income of $10.1 million.
- Total cash costs per ounce in Q3 2013 were $516 per gold equivalent ounce and $252 per gold ounce on a by-product basis, down significantly from the previous year.
Dokumen tersebut membahas tentang undang-undang pertambangan dan perburuhan di Indonesia. Secara khusus membahas perubahan pengaturan bahan galian dalam UU Nomor 4 Tahun 2009 dibandingkan UU sebelumnya, serta pembagian kewenangan pengelolaan pertambangan antara pemerintah pusat, provinsi, dan kabupaten/kota. Dokumen ini juga menyinggung dampak pembangunan di bidang pertambangan yang mencakup dampak positif dan negatif.
Here are 10 negative sentences using simple past tense about things I didn't do last week:
1. I didn't go to the movies last week.
2. I didn't visit any museums.
3. I didn't go shopping.
4. I didn't play any sports.
5. I didn't cook any meals.
6. I didn't do any gardening.
7. I didn't go camping.
8. I didn't read any books.
9. I didn't clean my room.
10. I didn't go to the park.
FATCA (Foreign Account Tax Compliance Act) requires foreign financial institutions to report information about financial accounts held by U.S. taxpayers to the IRS and imposes a 30% withholding tax on certain payments to foreign financial institutions that do not comply. It aims to stop tax evasion by U.S. citizens using offshore accounts. The requirements place significant reporting burdens on banks and impact how they handle accounts. U.S. expats are finding their accounts closed or applications denied as banks struggle with FATCA compliance. The details of how FATCA will be implemented remain unclear and raise many questions for financial institutions and compliance officers.
Handelsbeleid in steden en gemeenten (UNIZO Burgemeestersonbijt 16/01/14)Bert Serneels
Presentatie voor Karel Van Eetvelt en Peter Aerts (UNIZO) rond omgaan met leegstand van winkelpanden in steden en gemeenten via een doordacht handelsbeleid.
The document discusses the anatomy and development of the outer ear. It notes that the human auditory system can be divided into the peripheral and central systems. The peripheral system includes the outer, middle and inner ear. The outer ear consists of the auricle and external auditory meatus (ear canal). The development of the outer ear begins before the second month of fetal development. The document emphasizes the importance of learning the landmarks of the auricle and outlines the structures of the ear canal.
Primero reported third quarter 2014 results, with gold equivalent production of 59,673 ounces and revenues of $75.5 million, up 42% and 40% respectively from Q3 2013. Production and costs were in line with guidance for the quarter. The company also announced an expansion of its San Dimas mine to increase throughput to 3,000 TPD. For the full year 2014, Primero expects gold equivalent production of 220,000-240,000 ounces and all-in sustaining costs of $1,175-$1,225 per ounce.
- Primero reported its second quarter 2014 results on August 7, 2014.
- Revenue increased 52% to $80 million compared to Q2 2013. Production also increased significantly across operations.
- Cash costs remained low and the company has a strong cash balance with additional liquidity through an undrawn credit line, providing funding for continued growth with no shareholder dilution.
This presentation provides information on Primero Mining Corp's assets and growth outlook. It discusses its flagship San Dimas mine in Mexico, which is expected to produce 155,000-165,000 ounces of gold in 2014. It also profiles its Black Fox mine in Canada, which had strong production in 2013 and is targeting 70,000-80,000 ounces in 2014. Additionally, the presentation outlines Primero's Cerro del Gallo project, which could increase the company's production by 60% once in production.
- Richmont Mines is a Canadian gold mining company that has been producing gold since 1991, with over 1.4 million ounces produced to date.
- It currently operates the Island Gold Mine in Ontario and the Beaufor Mine and Monique Mine properties in Quebec.
- For 2014, Richmont Mines is targeting gold production of 75,000-85,000 ounces and had produced 48,171 ounces in the first half of 2014.
- A key asset is the Island Gold Mine, which has produced over 303,000 ounces of gold since 2007 and for which Richmont Mines is developing a new 1.1 million ounce inferred resource below the existing mine.
- Richmont Mines is positioning its Island Gold Mine in Ontario for transformational growth through increased development and exploration.
- In 2015, the company plans to spend $48 million at Island Gold, including $29 million for project development and exploration to extend mine life at depth.
- Goals for 2015 include completing underground development including ramps and drilling to upgrade and expand resources below 500 meters depth. Mining and milling studies will evaluate options to increase production long-term.
The document summarizes Primero's first quarter 2014 results. It discusses increased production at San Dimas, completion of the Phase I expansion there, and higher silver sales. It also provides financial results for the quarter including revenues, earnings, cash flows, and balance sheet information. Primero maintains a strong outlook for 2014 with targeted production increases at both San Dimas and Black Fox mines through expansions and operational improvements.
This document provides information about Richmont Mines Inc. for investors attending the Denver Gold Forum from September 20-23, 2015. It summarizes Richmont's Island Gold Mine project in Ontario, Canada, which is undergoing significant investment in 2015 to develop deeper resources and extend mine life. In the first half of 2015, Island Gold achieved record quarterly gold production and sales. Richmont forecasts 2015 gold sales of 45,000-50,000 ounces and is repositioning Island Gold to unlock its potential as a long-life, high-grade operation.
- The presentation provides an overview of Great Panther Silver's corporate performance and outlook. It discusses their two mining operations in Mexico, recent financial results showing increased production and lower costs, and guidance for continued production growth through 2016. Great Panther emphasizes their strong balance sheet with no debt and over $50 million in cash as well as low costs relative to peers.
- The presentation provides an overview of Great Panther Silver's corporate performance and outlook. It discusses their two mining operations in Mexico, recent increases in production and reductions in costs per ounce.
- Great Panther Silver has significantly improved their cost per ounce through higher grades and efficiencies at their Guanajuato and Topia mines in Mexico. They maintain a strong balance sheet with no debt and over $50 million in cash and working capital.
- Guidance for 2016 forecasts total silver equivalent production between 4-4.2 million ounces, with cash costs per ounce of $4-6 and all-in sustaining costs of $12-14. The presentation outlines Great Panther Silver's goals of continued organic growth
- The presentation provides an overview of Great Panther Silver's corporate performance and outlook. It discusses their two mining operations in Mexico, recent increases in production and reductions in costs per ounce. Great Panther provides production and cost guidance for 2016 of between 4-4.2 million silver equivalent ounces at cash costs of $4-6 per ounce and all-in sustaining costs of $12-14 per ounce. The presentation also outlines their capital structure and recent financial results.
TerraX Minerals Inc. owns the Northbelt property located near Yellowknife, NWT. The property covers 36.5 sq km along a 13 km strike length of the Yellowknife gold belt, known to host multi-million ounce deposits. Previous exploration identified numerous gold prospects including the Crestaurum deposit. TerraX's 2013 work program located high-grade gold in new zones, discovered high-grade base metals at Homer Lake, conducted airborne geophysics defining targets, and resampled historical drill cores at Crestaurum returning intercepts up to 67.69 g/t Au over 2m. TerraX plans a 1500m drill program at Crestaurum in 2014 to evaluate the
This presentation provides an overview of Dynacor Gold Mines Inc., a gold production and exploration company operating in Peru. It summarizes Dynacor's operating performance, future growth plans, and exploration projects. The company operates an ore processing plant in Peru and uses the cash flow to fund exploration of high potential projects like Tumipampa. Dynacor has a goal of producing 80,000 ounces of gold annually. The presentation outlines Dynacor's strategy of avoiding shareholder dilution by self-funding exploration through gold production.
Esperanza Resources Corp. Presentation - A Clear Path To GoldEsperanzaResources
The document discusses plans to bring the Esperanza Gold Project in Mexico into production. It summarizes the project's resources, economics from a preliminary economic assessment, and management team's experience. The company also announced a transaction with Pan American Silver that provides cash and additional gold projects to become a mid-tier producer.
The document summarizes Richmont Mines' second quarter 2015 results. Key points include:
- Gold production of 26,314 ounces for Q2 2015 and 52,173 ounces for the first half of 2015.
- Cash costs of $974/oz for Q2 2015 and $976/oz for the first half of 2015.
- Focus on developing the Island Gold mine, including $48.3 million planned for 2015 for development, drilling and studies to expand resources and reserves.
Seafield Resources is developing a potential multi-million ounce gold resource in the prolific Quinchia Gold District of Colombia. It currently has a 1.58 million ounce gold resource and has a 20,000 meter drilling program planned to expand and infill the resource. Seafield has a strong management team with experience in Latin America and a dominant land position in the historically productive Middle Cauca Belt region near infrastructure. The company is fully funded with $19 million cash on hand to advance its project.
- The presentation discusses Great Panther's financial and operating performance, as well as its outlook for 2016. It highlights the company's two producing mines in Mexico, Guanajuato and Topia, which are expected to produce between 4-4.2 million silver equivalent ounces in 2016 at cash costs of $4-6/oz and all-in sustaining costs of $12-14/oz.
- Great Panther has a strong balance sheet with $52.9 million in cash and no debt, and an extensive project pipeline beyond its current operations.
Sonoro Gold is a publicly listed exploration and development company with a portfolio of exploration-stage precious metal properties in Sonora state, Mexico. The company has highly experienced operational and management teams with proven records for the discovery and development of natural resource deposits.
The document summarizes the El Tigre Project located in Sonora, Mexico. It describes the project's location within a prolific gold belt, its historical production of 350,000 oz gold and 67.4 million oz silver, and Oceanus Resources' recent exploration work including a 2017 resource estimate of 661,000 oz gold equivalent indicated and 341,000 oz gold equivalent inferred. Drilling in 2017 intersected high grade gold and silver mineralization 800 meters north and 400 meters south of the historic mine workings.
This document provides an overview of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. It highlights the company's solid financial performance in the first three quarters of 2015, with gold production of 75,651 ounces at a cash cost of $961 per ounce. The document also summarizes key details of Richmont's Island Gold, Beaufor, and Monique mines and Camflo mill, and provides an overview of a preliminary economic assessment that outlines the potential to expand the Island Gold mine.
Similar to Primero baml presentation sept 2014 (20)
Primero reported its second quarter 2015 operating and financial results. Gold production increased 10% to 54,862 ounces compared to Q2 2014, while silver production increased 44% to 2.15 million ounces. San Dimas continued to exceed expectations with production of 44,128 gold equivalent ounces. Black Fox achieved higher production of 18,362 ounces at lower costs of $762 per ounce. Primero provided production guidance for 2015 of 250,000 to 270,000 gold equivalent ounces at an all-in sustaining cost of $1,050 to $1,150 per ounce.
Primero reported its second quarter 2015 operating and financial results. Gold production increased 10% to 54,862 ounces compared to Q2 2014, while silver production increased 44% to 2.15 million ounces. San Dimas continued to exceed expectations with production of 44,128 gold equivalent ounces. Black Fox achieved higher production of 18,362 ounces at lower costs of $762 per ounce. Primero provided production guidance for 2015 of 250,000 to 270,000 gold equivalent ounces at an all-in sustaining cost of $1,050 to $1,150 per ounce.
RBC Capital Markets 2015 Global Mining & Materials Conferenceprimero_mining
Primero Mining held its 2015 Global Mining & Materials Conference presentation between June 15-17, 2015. The presentation provided an overview of the company's two producing mines (San Dimas in Mexico and Black Fox in Canada), its development project (Cerro del Gallo in Mexico), and exploration properties. It highlighted Primero's strong financial position with $133 million in liquidity as of March 31, 2015, and forecast production growth at San Dimas and Black Fox to increase total attributable gold equivalent production to between 250,000-270,000 ounces in 2015.
RBC Capital Markets 2015 Global Mining & Materials Conferenceprimero_mining
Primero Mining held its 2015 Global Mining & Materials Conference presentation between June 15-17, 2015. The presentation provided an overview of the company's two producing mines (San Dimas in Mexico and Black Fox in Canada), its development project (Cerro del Gallo in Mexico), and exploration properties. It highlighted Primero's strong financial position with $133 million in liquidity and increasing production projected between 2015-2017, growing from 250,000 ounces in 2015 to 300,000 ounces by 2017. The presentation also discussed optimization plans at its existing operations and regional exploration potential.
The document summarizes an upcoming mining expo in Canada and provides information about a mining company. Key points:
- The BIG Event mining expo will take place May 27-28, 2015 in Canada.
- The company has gold and silver mining operations in Mexico and Canada, with production expected to increase up to 20% in 2015.
- It is exploring expansion opportunities at its flagship San Dimas mine in Mexico and Black Fox mine in Canada to further increase production.
The document summarizes an upcoming mining expo in Canada and provides information about a mining company. Key points:
- The BIG Event mining expo will take place May 27-28, 2015 in Canada.
- The company has gold and silver mining operations in Mexico and Canada, with production expected to increase up to 20% in 2015.
- It is exploring expansion opportunities at its flagship San Dimas mine in Mexico and Black Fox mine in Canada to further increase production.
1) Primero is committed to ethical, transparent governance and sustainability in its operations. It has a Corporate Responsibility Committee that oversees health, safety, environment and social matters and reports to the Board of Directors.
2) In 2014, the Committee reviewed Primero's materiality assessment process for sustainability reporting and ongoing policy implementation related to health and safety, environment and corporate social responsibility.
3) Primero respects human rights and ensures no discrimination or violations of indigenous peoples' rights at its mines. All workers have freedom of association and collective bargaining rights.
- Primero reported strong first quarter 2015 results, with revenue increasing 52% over Q1 2014 to $73.3 million and gold equivalent production up 54% to 61,073 ounces.
- Production is expected to increase up to 20% in 2015 through the expansion of San Dimas mill to 3,000 tpd and productivity improvements at both San Dimas and Black Fox mines.
- The company has a strong financial position with $133 million in liquidity and an attractive portfolio of assets in Mexico and Canada.
- The document discusses Primero Mining Corporation's corporate update for April 2015, including production and cost guidance for 2015.
- Primero has high-grade gold production from its Black Fox and San Dimas mines, with an organic growth plan to increase production to 250,000-270,000 gold equivalent ounces in 2015.
- At San Dimas, Primero plans to expand mining capacity to 3,000 tonnes per day to access new high-grade veins and reduce costs further.
- The document discusses Primero Mining Corporation's corporate update for April 2015, including production and cost guidance for 2015.
- Primero has high-grade gold production from its Black Fox and San Dimas mines, with an organic growth plan to increase production to 250,000-270,000 gold equivalent ounces in 2015.
- At San Dimas, Primero plans to expand mining capacity to 3,000 tonnes per day to access new high-grade veins and reduce costs further.
This document provides an overview of Primero Mining Corp., including its assets and growth plans. It summarizes Primero's achievements in 2014, including increasing production by 57% and acquiring the Black Fox mine. It outlines Primero's objectives for 2015, which include further increasing production to 250,000 to 270,000 gold equivalent ounces. The document also highlights Primero's key assets - the San Dimas mine in Mexico and the Black Fox mine in Canada - and discusses its plans to continue expanding the San Dimas mine.
Corporate Presentation - BMO 2015 Global Metals & Mining Conferenceprimero_mining
This document provides an overview of Primero Mining Corp., including its assets and growth strategy. It summarizes Primero's 2014 achievements of increasing production by 57% to a record 225,100 gold equivalent ounces and outlines its 2015 objectives of increasing production by 20% to between 250,000 to 270,000 ounces. It also highlights Primero's key assets - the San Dimas mine in Mexico and the Black Fox mine in Canada - and describes its plans to optimize operations and expand production at San Dimas.
Primero bmo conference presentation 2015 final v2primero_mining
The document summarizes Primero Mining's presentation at the 2015 Global Metals & Mining Conference. It discusses Primero's achievements in 2014 including record production and cost reductions. Objectives for 2015 include further increasing production to 250,000-270,000 ounces, continuing reserve growth, and achieving costs below $1,100/ounce. Primero has diversified assets in top mining jurisdictions in Canada and Mexico and a pipeline of organic growth opportunities through expansion projects and exploration.
This document provides an overview of Primero Mining Corp.'s fourth quarter and full-year 2014 results. It discusses record production levels, strong financial results, and cost management initiatives. It also provides guidance for 2015, outlining plans for further production growth while lowering costs. Primero aims to increase attributable gold equivalent production to 250,000-270,000 ounces in 2015 through continued optimization and expansion at its San Dimas and Black Fox mines.
Primero td presentation january 2015 finalprimero_mining
The document is a presentation from Primero Mining Corp given at a mining conference in January 2015. It summarizes Primero's key focus areas of producing in top mining jurisdictions in the Americas, having an established growth profile from assets in production, disciplined cost management, and an experienced leadership team. It outlines Primero's targeted production growth from 2015 to 2017, its strong financial position, and track record of delivering on commitments to stakeholders such as improving safety and providing value to shareholders and community.
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This corporate update from Primero provides information on the company's growth plans and financial position. It summarizes that Primero will increase gold equivalent production by 20% in 2015 to between 250,000-270,000 ounces from assets in stable mining jurisdictions. It also outlines 2015 capital and exploration budgets that are lower than 2014. Primero has a strong financial position with $67 million in total liquidity and $78 million in total debt as of September 30, 2014. The company is led by an experienced board and management team with over 200 years of combined industry experience.
This document summarizes Primero Mining Corp's presentation at the 2015 Vancouver Resource Investment Conference. It discusses Primero's producing assets in Mexico and Canada, growth projects, and exploration potential. Key points include: two producing mines - the San Dimas mine in Mexico and the Black Fox mine in Canada; the expansion of the San Dimas mine to 3,000 tons per day expected to increase production by over 30%; and exploration programs aimed at increasing reserves and resources at its properties.
Primero Corporate Presentation December 2014primero_mining
This corporate update document from Primero Mining Corporation provides the following information in 3 sentences:
Primero Mining Corporation is a mid-tier precious metals producer with producing mines in Mexico and Canada, including its flagship San Dimas mine in Mexico. The company has achieved strong production and reserve growth over the past 3 years and has an established growth profile from its current assets in production and a pipeline of development projects. Primero has an experienced board and management team and a strong financial position to support its growth objectives.
This presentation provides an overview of Dundee Capital Markets and Primero Mining Corp. It highlights Primero's producing assets in top mining jurisdictions, experienced management team, strong financial position, and growth profile. Primero is focused on organic production growth from its San Dimas and Black Fox mines, and has an advanced Cerro del Gallo project in development.
Primero corporate presentation november finalprimero_mining
This corporate update document from Primero Mining Corp contains the following key points in 3 sentences:
Primero Mining operates gold mines in top mining jurisdictions of Canada and Mexico, with production expected between 220-240koz in 2014. They have an established growth profile through organic expansion of existing mines like San Dimas and development of the Cerro del Gallo project. The company has an experienced board and management team, a strong financial position, and a track record of delivering on commitments to stakeholders such as shareholders, communities, and employees.
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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1. Bank of America Merrill Lynch 20th Annual Canada Mining ConferenceSeptember 4, 2014
2. TSX:P I NYSE:PPP I 2
Thispresentationmaycontain“forward-looking”statementswithinthemeaningofCanadiansecuritieslegislationandtheUnitedStatesPrivateSecuritiesLitigationReformActof1995.Forward-lookingstatementsrelatetofutureeventsortheanticipatedperformanceoftheCompanyandreflectmanagement’sexpectationsorbeliefsregardingsuchfutureeventsandanticipatedperformance.Incertaincases, forward-lookingstatementscanbeidentifiedbytheuseofwordssuchas“plans”,“expects”,“isexpected”,“budget”,“scheduled”, ”estimates”,”forecasts”,”intends”,”anticipates”or“believes”,orvariationsofsuchwordsandphrasesorstatementsthatcertainactions, eventsorresults“may”,”could”,“would”,”might”,or“willbetaken”,“occur”or“beachieved”,orthenegativeofthesewordsorcomparableterminology.Bytheirverynatureforward-lookingstatementsinvolveknownandunknownrisks,uncertaintiesandotherfactorswhichmaycausetheactualperformanceoftheCompanytobemateriallydifferentfromanyanticipatedperformanceexpressedorimpliedbytheforward-lookingstatements.SuchfactorsincludevariousrisksrelatedtotheCompany’soperations,including,withoutlimitation,fluctuationsinspotandforwardmarketsforgold,silverandothermetals,fluctuationsincurrencymarkets,changesinnationalandlocalgovernmentsinMexicoandthespeculativenatureofmineralexplorationanddevelopment,risksassociatedwithobtainingnecessaryexploitationandenvironmentallicensesandpermits,andthepresenceoflawsthatmayimposerestrictionsonmining.AcompletelistofriskfactorsaredescribedintheCompany’sannualinformationformandwillbedetailedfromtimetotimeintheCompany’scontinuousdisclosure,allofwhichare,orwillbeavailable,forreviewonSEDARatwww.sedar.com.
Thispresentationusestheterms“measuredresources”,“indicatedresources”and“inferredresources”.TheCompanyadvisesreadersthatalthoughthesetermsarerecognizedandrequiredbyCanadianregulations(underNationalInstrument43-101StandardsofDisclosureforMineralProjects(“NI43-101”),theUnitedStatesSecuritiesandExchangeCommissiondoesnotrecognizethem.Readersarecautionednottoassumethatanypartorallofthemineraldepositsinthesecategorieswilleverbeconvertedintoreserves.Inaddition,“inferredresources”haveagreatamountofuncertaintyastotheirexistence,andeconomicandlegalfeasibility.Itcannotbeassumedthatalloranypartofaninferredmineralresourcewilleverbeupgradedtoahighercategory.UnderCanadianrules,estimatesofinferredmineralresourcesmaynotformthebasisoffeasibilityorpre-feasibilitystudies,oreconomicstudies,exceptforaPreliminaryAssessmentasdefinedunderNI43-101.Investorsarecautionednottoassumethatpartorallofaninferredresourceexists,oriseconomicallyorlegallymineable.
AlthoughtheCompanyhasattemptedtoidentifyimportantfactorsthatcouldcauseactualperformancetodiffermateriallyfromthatdescribedinforward-lookingstatements,theremaybeotherfactorsthatcauseitsperformancenottobeasanticipated.TheCompanyneitherintendsnorassumesanyobligationtoupdatetheseforward-lookingstatementsorinformationtoreflectchangesinassumptionsorcircumstancesotherthanrequiredbyapplicablelaw.Therecanbenoassurancethatforward-lookingstatementswillprovetobeaccurate,asactualresultsandfutureeventscoulddiffermateriallyfromthosecurrentlyanticipated.Accordingly,readersshouldnotplaceunduerelianceonforward-lookingstatements.
Unlessotherwiseindicated,alldollarvalueshereinareinUS$.
Cautionary Statement
3. TSX:P I NYSE:PPP I 3
Investment Opportunity
Producing, profitable and growing
o
Mid-tier gold producer
o
Portfolio of long-life, high-grade assets
o
Generating significant cash flow
o
Located in safe mining jurisdictions
o
Track record of steady growth
61%
39%
M&I GOLD RESOURCES BY REGION
Mexico
Canada
Producing Mine
Development Project
Exploration Property
Black Fox
Grey Fox
San Dimas
Ventanas
Cerro del Gallo
Head Office(Toronto)
4. TSX:P I NYSE:PPP I 4
Focused on delivering on our commitments
1.
Ensure sufficient financial liquidity
2.
Sustain a measured growth profile
3.
Disciplined cost management
4.
Low-risk jurisdictions only
5.
Demonstrate responsible mining
See final slide for footnotes.
Our Strategic Focus
111
143
160
165
190
75
110
120
50
2012
2013
2014E
2015E
2016E
Cerro del Gallo
Black Fox
San Dimas
TARGETEDGROWTH PROFILE 2,3
(Thousand Gold Equivalent Ounces)
360-380
225-245
270-280
5. TSX:P I NYSE:PPP I 5
* Includes Cerro del Gallo. See final slide for footnotes.
Strong Outlook for 2014
Up to 70% increase in production over 2013
Outlook 2014
Gold equivalent production6(gold equivalent ounces)
225,000-245,000
Gold production (ounces)
185,000-205,000
Silver production7(million ounces)
6.25-6.50
All-in Sustaining Costs8($ per gold ounce)
$1,100-$1,200
Cash cost8($ per gold equivalent ounce)
$650-$700
Capital Expenditures($ millions)
$80.0*
Exploration($ millions)
$35.0*
6. TSX:P I NYSE:PPP I 6
$44M
STRONGCash Balance
Balance Sheet & Liquidity
See final slide for footnotes.
$78.1M4
PRUDENT Debt Level
Current Cash
Line of credit5
$44M
$45M
~$89M LIQUIDITY
June 30, 2014
June 30, 2014
$150M2,3,11
SIGNIFICANTOperating Cash Flow
5-Year average after-tax Operating Cash Flow
7. TSX:P I NYSE:PPP I 7
Builds on Established Presence in Mexico
San DimasMine
(AT DECEMBER 31, 2013, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
Au Reserves (Moz)
0.87
Au M&I Resources (Moz)
1.00
Au Inferred Resources (Moz)
1.00
Ag Reserves (Moz)
49.8
Ag M&I Resources (Moz)
57.7
Ag Inferred Resources (Moz)
72.6
Ventanas Property
(AT JANUARY 27, 2009)
Ind. Resources (kozAuEq.)
34.0
Inferred Resources(koz AuEq.)
70.0
Cerro del Gallo
(AT DECEMBER 31, 2012, MINERAL RESOURCES EXCLUDE MINERAL RESERVES)
Au Reserves (Moz)
0.71
Au M&I Resources (Moz)
0.92
Ag Reserves (Moz)
15.3
Ag M&I Resources (Moz)
20.6
Cu Reserves (M lbs)
56.4
Cu M&I Resources (M lbs)
103.4
Black Fox Mine
(AT DECEMBER 31, 2013, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
Au Reserves (Moz)
0.54
Au M&I Resources (Moz)
0.65
Inferred Resources (Moz)
0.17
GreyFox
(AT DECEMBER 31, 2013)
Au Indicated Resources (Moz)
0.56
Au Inferred Resources (Moz)
0.22
Head Office
(Toronto)
Asset Overview: Low-Risk Mining Jurisdictions
Balanced pipeline of growth
Producing Mine
Development Project
Exploration Property
8. TSX:P I NYSE:PPP I 8
LocationDurango-Sinaloa State Border
Ownership100%
MetalsGold & Silver (Silver subject to Purchase Agreement7)
MiningUnderground cut and fill and long-hole
Capacity2,500 TPD
One of Mexico’s Most Significant Precious Metals Deposits
See final slide for footnotes.
SAN DIMAS
2013
Outlook 2014
Gold equivalent production6(gold equivalent ounces)
143,114
155,000-165,000
Gold production (ounces)
111,983
115,000-125,000
Silver production7(million ounces)
6.05
6.25-6.50
All-in Sustaining Costs8($ per gold ounce)
$858
$725-825
Cash cost8($ per gold equivalent ounce)
$599
$575-600
Cash cost8–by-product ($ per gold ounce)
$389
$340-360
Capital Expenditures($ millions)
$53.1
$38.3
Exploration($ millions)
$14.6
$15.7
SAN DIMASA Flagship Asset
District produced 11M ozgold, 600M ozsilver
9. TSX:P I NYSE:PPP I 9
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
-
50,000
100,000
150,000
200,000
250,000
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014E
2015E
Gold (oz)
Gold Equivalent (AuEqoz)
Gold Grade (g/t) RH
Gold Grade (g/t)
Sinaloa GrabenDiscovery
Acquisition of San Dimas by Primero
San Dimas Historical Production(AuEqounces)
CURRENT
RESERVE
GRADE
SAN DIMASProven History of Production
Grades are increasing
Central Block Discovery
(Roberta & Robertitaveins)
Acquisition of San Dimas (Luismin) by Wheaton River
10. TSX:P I NYSE:PPP I 10
Mine and Mill Optimized to 3,000 tpd
Base Production
Mine Production of 2,150 tpd
1,500
2,000
2,500
3,000
2011
2012
2013
2014E
2015E
2016E
2017E
San Dimas TonnesPer Day
Increases production to 215,000 AuEqozat $530/oz
Phase 1 Mill Expansion to 2,500 tpd
Mining Optimization To Achieve 3,000 tpd
Mine Production of 2,500 tpd
Phase 2 Mill Expansion Scoping Study
Current Capacity
3,000 tpdTarget
Construction of Phase 2 Mill Expansion
SAN DIMASExpansion to 3,000 TPD
3,000 tpd
Expansion is
Approved
11. TSX:P I NYSE:PPP I 11
Long History of Reserve Replacement
SAN DIMASProven Exploration Success
o
Victoria Vein Gold Reserves increased to 195,000 ozat 11.5 g/t
o
2014 $15.7 million exploration program
o
22,500 hectare package
o
80,000 metres of drilling:
35,000 metres delineation drilling
25,000 metres exploration drilling, plus 2,500 metres of exploration drifting
20,000 meters regional exploration drilling
o
Targeting high-grade central corridor, close to existing infrastructure
12. TSX:P I NYSE:PPP I 12
LocationTimmins, Ontario
Ownership100% (8% gold stream at $504/oz9)
MetalsGold
MiningOpen pit & underground
Capacity2,200 TPD
Mine LifeOpen Pit: ~3 years, U/G: ~7 years
Mineral Resources and Mineral Reserves(DECEMBER 31, 2013, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
CLASSIFICATION
TONNAGE
( TONNES)
GOLD GRADE
(G/T)
CONT. GOLD
( OUNCES)
Mineral Reserves
Proven& Probable
3,848,700
4.3
537,700
Mineral Resources (inclusiveofMineralReserves)
Measured & Indicated
3,992,800
5.1
652,560
Inferred
690,400
7.6
167,786
BLACK FOX Another Opportunity to Unlock Value
Black Fox Gold Pour
Black Fox Mill
Note: Refer to Slide 30 for details.
13. TSX:P I NYSE:PPP I 13
BLACK FOXProspective, Mining Friendly Jurisdiction
Destor-Porcupine Fault has produced over 200Moz gold
14. TSX:P I NYSE:PPP I 14
BLACK FOX Short Term Focus
Increase underground throughput
o
Total 2014 budget of $48 million for 10 months
o
Underground throughput:
Detailed underground operational review underway
Near term target of 1,000 tpd
Increase delineation and definition drilling
Increase short term development drifting
o
Established exploration drift at 500 level:
Improves drilling access to high-grade intercepts in Central Zone
o
Open-pit:
Pre-stripping of third phase is now complete and grades expected to increase as benches get deeper
Open Pit
Open Pit
U/G
U/G
0
500
1,000
1,500
2,000
2,500
Q1 2014
Q2 2014
Black Fox Throughput (TPD)
15. TSX:P I NYSE:PPP I 15
BLACK FOX Open for Expansion Laterally & at Depth
16. TSX:P I NYSE:PPP I 16
CERRO DEL GALLO INCREASES PRIMERO’SPRODUCTION BY 60%12
Location 4 km from Black Fox -Timmins, ON
Ownership 100% (No gold stream)
Metals Gold
Mining Open pit potential & Underground
Exploration5rigs on site (1 rig on Pike River)
PermittingCurrently underway
Mineral Resources and Mineral Reserves(December 31, 2013)
CLASSIFICATION
TONNES
(M)
CAPPED Au (g/t)
CONTAINEDAu (oz)
Indicated Resources
5,276,300
3.3
557,655
Total Inferred Resources
1,551,600
4.4
218,820
GREY FOX
Promising Exploration Project
Grey Fox Aerial
Grey Fox Core
Note: Refer to Slide 31 for details.
17. TSX:P I NYSE:PPP I 17
CERRO DEL GALLO INCREASES PRIMERO’SPRODUCTION BY 60%12
LocationGuanajuato State
Ownership100%
MetalsGold, silver & copper
MiningOpen pit, heap leach, and/or conventional mill
2014 Budget: $12.9 million
Construction Decision: Expected in early 2015, once the 2014 drilling and metallurgical testing programs are completed. Final decision is contingent on the project achieving a 15% IRR at $1,100/ozgold
Excellent Infrastructure:Skilled local workforce, grid power, water, sealed roads, equipment suppliers and established transport routes
Supportive Community: District has produced 1.14 billion ounces of silver and 6.5 million ounces of gold over its 450 year mining history
CERRO DEL GALLO
Construction Decision Delayed
Cerro del Gallo Deposit
Cerro del Gallo Exploration Office
Potential additional 95,000 AuEq. ozproduction
18. TSX:P I NYSE:PPP I 18
o
High grade vein intersected in first exploration activity since 2008 (Carmen-Providencia vein)
o
10,000 metre drill program for infill, condemnation and exploration drilling in 2014
o
Known mineralization outside the existing development plan
o
Current Focus on condemnation drilling, permitting, land acquisition and engineering update
CERRO DEL GALLO
Exploration Upside
19. TSX:P I NYSE:PPP I 19
Q4 2014/Q1 2015
Black Fox Undergroundat ~1,000 TPD
Replacing lower-gradeopen pit ounces
Q3 2014
Cerro del Gallo Update
Q2/Q3 2014
Black Fox Reserves
Release 2013 Reserves
and Resources incorporating new drilling
Q1 2014
San Dimas expansion to 2,500 TPD completed
Expansion increases annual production capacity to 160,000AuEq.oz
Catalysts & News Flow
Q3 2014
San Dimas 3,000 TPD Decision
Expansion decision
Q4 2014
Exploration Update
Ongoing exploration results from each asset
20. TSX:P I NYSE:PPP I 20
Investment Opportunity
Producing, profitable and growing
o
Mid-tier gold producer
o
Portfolio of long-life, high-grade assets
o
Located in safe mining jurisdictions
o
Generating significant cash flow
o
Track record of measured growth
See final slide for footnotes.
$150M/yr2,11
SIGNIFICANTAnnual Operating Cash Flow
GROWTHplannedby 2016 YE
~150%2,3,10
22. TSX:P I NYSE:PPP I 22
San Dimas Operating Results
*Note the calculation of all-in sustaining costs at San Dimas changed with the acquisition of a second producing asset and subsequently does not include corporate G&A. See final slide for footnotes.
Q2 2014
Q2 2013
Mill Throughput12
(tonnes per day)
2,405
2,216
Gold equivalent production2
(gold equivalent ounces)
46,248
39,089
Gold production
(ounces)
32,895
26,904
Silver production7
(million ounces)
1.49
1.46
Gold grade
(grams per tonne)
4.97
4.25
Silver grade
(grams per tonne)
230
236
All-in Sustaining Costs8($ per gold ounce)
$626
$588
Cash cost8
($ per AuEqounce)
$551
$551
Cash cost8–by-product
($ per gold ounce)
$252
$167
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
Q2 2013
Q2 2014
San Dimas Production
(AuEqounces)
+18%
23. TSX:P I NYSE:PPP I 23
Black Fox Operating Results
Q2 2014
Q1 2014
Mill Throughput12
(tonnes per day)
2,307
1,646
Gold Production
(gold ounces)
17,166
13,298
Gold Grade
(grams per tonne)
2.69
2.96
All-in Sustaining Costs8($ per gold ounce)
$1,771
$1,825
Cash cost8
($ per gold ounce)
$998
$1,409
See final slide for footnotes.
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Q1 2014
Q2 2014
+29%
Black Fox Production
(AuEqounces)
24. TSX:P I NYSE:PPP I 24
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Q2 2013
Q2 2014
Revenue
($thousands)
Financial Results
(US$ thousands, except per share amounts)
Q2 2014
Q2 2013
Revenues
79,669
52,475
Earnings from Mine Operations
19,676
23,593
Net income (loss)
572
4,241
EPS ($ per share)
0.00
0.04
Adjusted net income13
1,052
17,039
Adjusted EPS13($ per share)
0.01
0.16
Operating cash flows14
before changes in working capital
26,431
16,932
CFPS14($ per share)
0.17
0.16
+52%
See final slide for footnotes.
25. TSX:P I NYSE:PPP I 25
Primero sells 50% of annual silver production above 6.0 million ounces at spot
oRemainder sold at ~$4 per ounce under silver purchase agreement
oThreshold commences August 6 to following August 5
oExpansion anticipated to generate meaningful silver spot sales post August 6, 2014
Recent Tax Ruling Created Positive Leverage to Silver
25%
75%
SILVER AS PERCENTAGE OF 2013E REVENUE
Silver
Gold
SAN DIMAS
Positive Leverage to Silver
26. TSX:P I NYSE:PPP I 26
Favorable Horizon
Mineralization –Ore Bodies
Extension of the Favorable Horizon
Potential
0 1 2
K I L O M E T E R S
SW
NE
3,000 m.
2,000 m.
1,000 m.
3,000 m.
2,000 m.
1,000 m.
Source: San Dimas Geology Office
Intrusive
Faults
West Block
2014 EXPLORATION
San Antonio Mined 1987-2002
Central Block
Mined 2002-Current
Tayoltita Block
Mined1975-Current
Arana
Hanging Wall
Sinaloa Graben
Mined2012-Current
2014 EXPLORATION PROGRAM
DRILLING FOR EXTENSIONS OF KNOWN VEINS
LONGITUDINAL CROSS SECTION
SAN DIMAS
District Wide Exploration Potential
27. TSX:P I NYSE:PPP I 27
2013
2014
2015
2016
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Basic Engineering
Permitting/Land Acquisition
Site Survey
Leach Pad Design & Earth Works
Infill Drilling and MET Tests
Acid Generation Tests
SART Optimization
Procurement & Detailed Engineering
Plant & Leach Pad Construction
Commissioning
Production
Phase II Feasibility Study
CERRO DEL GALLO
Cerro Del Gallo Development Plan
27
28. TSX:P I NYSE:PPP I 28
CLASSIFICATION
TONNAGE
(MILLIONTONNES)
GOLD GRADE (G/T)
SILVER GRADE (G/T)
CONTAINED GOLD
(000 OUNCES)
CONTAINED SILVER
(000 OUNCES)
Mineral Reserves
Proven & Probable
4.893
5.5
315
870
49,479
Mineral Resources
Measured& Indicated
4.282
7.2
419
997
57,713
Inferred
7.333
4.2
310
998
72,647
Notes to Mineral Reserve Statement:
Cutoff grade of 2.7 grams per tonne(”g/t”) gold equivalent (“AuEq”) based on total operating cost of US$104.97/t. Metal prices assumed are gold US$1,250 per troy ounce and silver US$20 per troy ounce. Silver supply contract obligations have been referenced in determining overall vein reserve estimate viability.
Processing recovery factors for gold and silver of 97% and 94% assumed.
Exchange rate assumed is 13 pesos/US$1.00.
The Mineral Reserve estimates were prepared under the supervision of Mr. Gabriel Voicu P.Geo., Vice President, Geology and Exploration, Primeroand a QP for the purposes of National Instrument 43-101 (“NI 43-101”).
Notes to Mineral Resource Statement:
Mineral Resources are total and include those resources converted to Mineral Reserves.
A 2.0g/t AuEqcutoff grade is applied and the gold equivalent is calculated at a gold price of US$1,300 per troy ounce and a silver price of US$20 per troy ounce.
A constant bulk density of 2.7 tonnes/m3has been used.
The Mineral Resource estimates were prepared by Mr. Rodney Webster MAusIMM, MAIG and Mr. J. Morton Shannon P.Geo., both of AMC Mining Consultants (Canada) Ltd. and a QP for the purposes of NI 43-101.
Additional exploration potential was estimated at 6-10 million tonnes at grade ranges of 3-5 grams per tonne of gold and 200-400 grams per tonne of silver as of December 31, 2011. It should be noted that these targets are conceptual in nature. There has been insufficient exploration to define an associated Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.
SAN DIMAS
Mineral Resources and Mineral Reserves
(DECEMBER 31, 2013, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
29. TSX:P I NYSE:PPP I 29
Category
M Tonnes
Au
Au
Ag
Ag
Cu
Cu
Au Eq
AuEq
(g/t)
(M ozs)
(g/t)
(M ozs)
(%)
(M lbs)
(g/t)
(M oz)
Proven
28.2
0.71
0.64
15.1
13.7
0.08
50.2
1.15
1.05
Probable
4.0
0.54
0.07
13.2
1.7
0.07
6.2
0.93
0.12
Proven & Probable
32.2
0.69
0.71
14.8
15.3
0.08
56.4
1.14
1.18
Category
M Tonnes
Au
Au
Ag
Ag
Cu
Cu
Au Eq
AuEq
(g/t)
(M ozs)
(g/t)
(M ozs)
(%)
(M lbs)
(g/t)
(M oz)
Measured
39.9
0.61
0.78
13.8
17.71
0.10
88.8
1.07
1.37
Indicated
8.0
0.55
0.14
11.0
2.83
0.08
14.6
0.92
0.24
Measured & Indicated
47.9
0.60
0.92
13.3
20.55
0.1
103.4
1.06
1.64
Total Resources Within the Gold Domain2
Phase I Heap Leach In-Pit Proven and Probable Reserves3
In-Pit Resources (excluding Proven and Probable Reserves)4,5
Category
M Tonnes
Au
Au
Ag
Ag
Cu
Cu
Au Eq
AuEq
(g/t)
(M ozs)
(g/t)
(M ozs)
(%)
(M lbs)
(g/t)
(M oz)
Measured
129
0.54
2.24
12.0
49.8
0.09
256.0
0.94
3.91
Indicated
80
0.38
0.98
8.0
20.6
0.08
141.1
0.69
1.77
Measured & Indicated
209
0.48
3.22
11.0
70.3
0.08
396.9
0.83
5.58
Inferred
20
0.3
0.19
7.0
4.5
0.09
39.7
0.59
0.38
1. “Technical Report First Stage Heap Leach Feasibility Study, Cerro del Gallo Gold Silver Project, Guanajuato, Mexico” June 2012 (“Feasibility Study”). Gold equivalent ounces calculated by Cerro Resources using gold, silver and copper prices of US$1,341/oz, US$25.58/oz and US$7,582/t respectively.
2. These resources are reported using internal cut-off grade of 0.2 g/tAu as per Feasibility Study, 2012 and Golder Associates Technical Report, 2008.
3. These reserves are reported using internal cut-off grades of 0.24 and 0.29 gAuEq/t for weathered and partially oxidized, respectively.
4. These resources are reported using internal cut-off grades of 0.24, 0.29, and 0.34 gAuEq/t for weathered, partially oxidized, and fresh material resp.
5. See note 7 in January 23, 2013 News Release “Primero achieves 2012 Guidance and Provides 2013 Outlook”.
CERRO DEL GALLOReserves and In-Pit Resources1
30. TSX:P I NYSE:PPP I 30
NotestoBlackFoxMineralReserveestimate:
1.
MineralReservesstatedasatDecember31,2013.
2.
Openpitcut-offgradeof1.0g/tAuandundergroundcut-offgradeof3.4g/t.
3.
GoldpriceassumedisUS$1,250pertroyounce.
4.
Processinggoldrecoveryfactor94%assumed.
5.
HaroldBrisson,PhD,Eng.istheQualifiedPersonfortheBlackFoxComplexMineralResourceestimates.
Notes to Black Fox Mineral Resource estimate:
1.
Mineral Reserves stated as at December 31, 2013.
2.
Open pit cut-off grade of 0.9 g/t Au and underground cut-off grade of 3.0 g/t.
3.
Gold price assumed is US$1,300 per troy ounce and exchange rate of US$1.00=C$1.10 was used in the gold cut-off grade calculations.
4.
Detailed footnotes can be found in the NI 43-101 Technical Report titled “TECHNICAL REPORT ON THE MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES FOR THE BLACK FOX COMPLEX”, dated June 30, 2014 and filed on www.sedar.com.
BLACK FOX
Mineral Resources and Mineral Reserves
(DECEMBER 31, 2013, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
CLASSIFICATION
TONNAGE
( TONNES)
GOLD GRADE
(G/T)
CONT. GOLD
( OUNCES)
Proven & Probable Reserves
Open Pit
1,468,500
3.7
173,900
Underground
1,663,900
6.3
339,100
Stockpile
716,200
1.1
24,700
Total
3,848,700
4.3
537,700
Measured & Indicated Resources, Including Reserves
Open Pit
1,423,900
4.0
182,518
Underground
1,852,800
7.5
445,336
Stockpile
716,200
1.1
24,706
Total
3,992,800
5.1
652,560
Inferred Resources
Open Pit
364,100
5.8
67,897
Underground
326,300
9.5
99,889
Total
690,400
7.6
167,786
31. TSX:P I NYSE:PPP I 31
CLASSIFICATION
CUT-OFF GRADE
(g/t Au)
POTENTIAL MATERIAL
TONNES
(MILLIONTONNES)
CAPPED Au (g/t)
CONTAINED GOLD
(000 OUNCES)
Indicated Resources
>3.0
Underground
1.394
5.4
243,041
>0.9
Open Pit
3.882
2.5
314,615
TotalIndicated Resources
5.276
3.3
557,655
Inferred Resources
>3.0
Underground
1.065
5.1
175,511
>0.9
OpenPit
0.486
2.8
43,309
Total Inferred Resources
1.552
4.4
218,820
Notes to Grey Fox Mineral Resource estimate:
1.
Mineral Reserves stated as at 31 December 2013.
2.
Open pit cut-off grade of 0.9 g/t Au and underground cut-off grade of 3.0 g/t
3.
Gold price assumed is US$1,300 per troy ounce and exchange rate of US$1.00=C$1.10 was used in the gold cut-off grade calculations.
4.
Detailed footnotes can be found in the NI 43-101 Technical Report titled “TECHNICAL REPORT ON THE MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES FOR THE BLACK FOX COMPLEX”, dated June 30, 2014 and filed on www.sedar.com.
5.
HaroldBrisson,PhD,Eng.istheQualifiedPersonfortheBlackFoxComplexMineralResourceestimates.
GREY FOX
Mineral Resources
December 31, 2013
32. TSX:P I NYSE:PPP I 32
Joseph F. Conway | C.E.O.1
o
Former CEO, President and Director of IAMGOLD from 2003 to 2010
o
Former President, CEO and Director of Repadre Capital from 1995 to 2003
Renaud Adams | President & C.O.O.
o
Former SVP, American Operations for IAMGOLD
o
Former General Manager of Rosebel Gold Mine 2007 to 2010
o
Former General Manager El Toqui Mine in Chile and then the El Mochito Mine in Honduras
David Blaiklock | C.F.O.
o
Former controller IntraWest
o
Previously controller for a number of public and private companies in real estate development
David Sandison | VP, Corporate Development
o
Former VP, Corporate Development of Clarity Capital ; Director, Corporate Development Xstrata Zinc Canada ; Director Business Development, Noranda/Falconbridge; Former EVP, Noranda Chile
Tamara Brown | VP, Investor Relations
o
Former Director Investor Relations for IAMGOLD
o
Former partner of a Toronto based, boutique investment bank and professional engineer in mining industry
H. Maura Lendon | VP, Chief General Counsel and Corporate Secretary
o
Former Senior Vice President, Chief Legal Officer and Corporate Secretary of HudBay Minerals Inc.; Chief Counsel Canada, Chief Privacy Officer - Canada of AT&T
Executive Management
Louis Toner | VP, Project Development & Construction
o
Over 30 Years of Engineering and Construction experience, formerly held Senior Project Management roles with BBA Inc. and Lafarge Canada Inc.
James Mallory | VP, Corporate Responsibility
o
Over 35 Years of mining experience
o
Former VP, Vice-President, Operations & Social Responsibility at South American Silver
o
13 Years of experience in Latin America
Gabriel Voicu | VP, Geology and Exploration
o
25 Years of mining experience, formerly held senior technical and exploration positions with Cambior and IAMGOLD
33. TSX:P I NYSE:PPP I 33
Board Committees: 1. Health, Safety and Environment 2. Human Resources 3. Governance and Nominating 4. Lead Director 5. Audit
Wade Nesmith | Chairman
o
Founder of Primero
o
Founding and current director of Silver Wheaton
Joseph Conway | Directorsee Executive Management
Grant Edey | Director 3,5
o
President & CEO, Khan Resources Inc.
o
Former Director of Breakwater Resources, former director of Queenstake Resources, Santa Cruz Gold
o
Former CFO, IAMGOLD
Rohan Hazelton | Director 1,5
o
VP, Strategy, Goldcorp
o
Formerly with Wheaton River and Deloitte & Touche LLP
Eduardo Luna | Director 1
o
Former EVP & President, Mexico. Former Chairmanand CEO of Silver Wheaton, Executive VP of Goldcorp and Luismin S.A. de C.V. (San Dimas) and President of Mexican Mining Chamber and the Silver Institute
Robert Quartermain | Director 2,3
o
Founder and President & CEO, Pretivm Resources
o
Former President, Silver Standard
o
Director of Vista Gold Corp. and Canplats Resources
Michael Riley | Director 2,5
o
Chartered accountant with more than 26 years of accounting experience
o
Chair of Primero Audit Committee, Chair of Audit Committee of B.C. Lottery
Brad Marchant| Director 1
o
Co-founder of Triton Mining Corporation
o
Founder of BioteQ Environmental Technologies Inc.
Board of Directors
David Demers | Director2,3,4,5
o
Founder, CEO and Director Westport Innovations
o
Director of Cummins Westport and Juniper Engines
TSX:P INYSE:PPP I 33
34. TSX:P I NYSE:PPP I 34
ThispresentationhasbeenpreparedinaccordancewiththerequirementsofCanadianprovincialsecuritieslawswhichdifferfromtherequirementsofU.S.securitieslaws.Unlessotherwiseindicated,allmineralreserveandresourceestimatesincludedinthispresentationhavebeenpreparedinaccordancewithCanadianNationalInstrument43-101StandardsofDisclosureforMineralProjects(“NI43-101”)andtheCanadianInstituteofMining, MetallurgyandPetroleumclassificationsystems.NI43-101isaruledevelopedbytheCanadianSecuritiesAdministratorsthatestablishesstandardsforallpublicdisclosureanissuermakesofscientificandtechnicalinformationconcerningmineralprojects.ThesestandardsdiffersignificantlyfromtherequirementsoftheUnitedStatesSecuritiesandExchangeCommission(the“SEC”),andreserveandresourceestimatesdisclosedinthispresentationmaynotbecomparabletosimilarinformationdisclosedbyU.S.companies.
ThemineralreserveestimatesinthispresentationhavebeencalculatedinaccordancewithNI43-101,asrequiredbyCanadiansecuritiesregulatoryauthorities.ForUnitedStatesreportingpurposes,SECIndustryGuide7undertheUnitedStatesSecuritiesExchangeActof1934,asamended,asinterpretedbyStaffoftheSEC,appliesdifferentstandardsinordertoclassifymineralizationasareserve.Asaresult,thedefinitionof“probablereserves”usedinNI43-101differsfromthedefinitionintheSECIndustryGuide7.UnderSECstandards,mineralizationmaynotbeclassifiedasa“reserve”unlessthedeterminationhasbeenmadethatthemineralizationcouldbeeconomicallyandlegallyproducedorextractedatthetimethereservedeterminationismade.Amongotherthings,allnecessarypermitswouldberequiredtobeinhandorissuanceimminentinordertoclassifymineralizedmaterialasreservesundertheSECstandards.Accordingly,mineralreserveestimatescontainedinthispresentationmaynotqualifyas“reserves”underSECstandards.
Inaddition,thispresentationusestheterms“indicatedresources”and“inferredresources”tocomplywiththereportingstandardsinCanada.TheCompanyadvisesUnitedStatesinvestorsthatwhilethosetermsarerecognizedandrequiredbyCanadianregulations,theSECdoesnotrecognizethem. UnitedStatesinvestorsarecautionednottoassumethatanypartorallofthemineraldepositsinthesecategorieswilleverbeconvertedintomineral reserves.Further,“inferredresources”haveagreatamountofuncertaintyastotheirexistenceandastowhethertheycanbeminedlegallyoreconomically.Therefore,UnitedStatesinvestorsarealsocautionednottoassumethatalloranypartofthe“inferredresources”exist.InaccordancewithCanadiansecuritieslaws,estimatesof“inferredresources”cannotformthebasisoffeasibilityorothereconomicstudies.Itcannotbeassumedthatalloranypartof“indicatedresources”or“inferredresources”willeverbeupgradedtoahighercategoryorareeconomicallyorlegallymineable.Inaddition,disclosureof“containedounces”ispermitteddisclosureunderCanadiansecuritieslaws;however,theSEConlypermitsissuerstoreportmineralizationasinplacetonnageandgradewithoutreferencetounitmeasures.
NI43-101alsopermitstheinclusionofdisclosureregardingthepotentialquantityandgrade,expressedasranges,ofatargetforfurtherexplorationprovidedthatthedisclosure(i)stateswithequalprominencethatthepotentialquantityandgradeisconceptualinnature,thattherehasbeeninsufficientexplorationtodefineamineralresourceandthatitisuncertainiffurtherexplorationwillresultinthetargetbeingdelineatedasamineralresources,and(ii)statesthebasisonwhichthedisclosedpotentialquantityandgradehasbeendetermined.Disclosureregardingexplorationpotentialhasbeenincludedinthispresentation.UnitedStatesinvestorsarecautionedthatdisclosureofsuchexplorationpotentialisconceptualinnaturebydefinitionandthereisnoassurancethatexplorationwillresultinanycategoryofNI43-101mineralresourcesbeingidentified.
Notes to Investors Regarding the Use of Resources
35. TSX:P I NYSE:PPP I 35
1.
Refer to slides 28, 29, 30, 31 of this presentation.
2.
“Gold equivalent ounces” include silver and copper production converted to a gold equivalent based on consensus estimated commodity prices; accounts for the San Dimas silver purchase agreement.
3.
Assumes San Dimas operates at least at 3,000 TPD from end of Q2 2016; and Primero management estimates for Black Fox production,based on 2,200-2,300 TPD operation and underground throughput increasing to 1,000 TPD by end of Q4 2014 & assumes that Cerro Del Gallo begins production mid-2016, with a half year of production in 2016 of 50,000 AuEq. Oz and a full year production estimated at 95,000AuEq. ozin 2017. Production increase calculated from 143,000AuEq ozachieved in 2013.
4.
$48.1 million senior unsecured convertible debenture (acquired from Brigus, with a 6.5% coupon an effective conversion price of $14.00 and an expiry of March 2016); and $30 million draw down from line of credit.
5.
The Company closed a $75 million line of credit on May 23, 2014 and has drawn down $30 million as of June 30, 2014.
6.
“Gold equivalent ounces” include revenue from silver converted to a gold equivalent based on estimated average realized commodityprices in 2014 of $1,200 per ounce of gold and $7.96 per ounce of silver ounce (calculated using the silver purchase agreement contract price of $4.16 per ounceand assuming excess silver beyond contract requirements is sold at an average silver price of $21 per ounce).
7.
Silver production is subject to a silver purchase agreement. The silver purchase agreement dictates that until August 6, 2014 Primerowill deliver to Silver Wheaton a per annum amount equal to the first 3.5 million ounces of silver produced at San Dimas and 50% of any excess at $4.16 per ounce (increasing by 1% per year). Thereafter Primerowill deliver to Silver Wheaton a per annum amount equal to the first 6.0 million ounces of silver produced at San Dimas and 50%of any excess at $4.20 per ounce (increasing by 1% per year). The Company will receive silver spot prices only after the annual threshold amounthas been delivered.
8.
Cash costs and All-in Sustaining Costs are non-GAAP measures. Refer to the Company’s first quarter 2014 MD&A for a reconciliation to operating expenses. Note the calculation of all-in sustaining costs at San Dimas changed with the acquisition of a second producing asset and subsequently does not include corporate G&A.
9.
Black Fox was subject to a gold purchase agreement which continues and was assumed by the Company upon its acquisition of the mine.According to the gold purchase agreement, Sandstorm is entitled to 8% of production at the Black Fox mine and 6.3% at the Black Fox Extension.
10.
Production increase calculated from 143,000AuEq ozin 2013.
11.
Estimated five-year annual average after-tax operating cash flow assuming consensus metals prices as of December 31, 2013, in dollars per ounce for gold and silver of 2014:1,350/22.13, 2015: 1,397/23.00, 2016 1,375/23.10, 2017: 1,350/23.00, 2018 and beyond: 1,300/22.40, includes tax reforms in Mexico commencing January 1, 2014.
12.
Based on 365 days per year.
13.
Adjusted net income/earnings and adjusted net income/earnings per share are non-GAAP measures. Neither of these non-GAAP performance measures has any standardized meaning and is therefore unlikely to be comparable to other measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, the Company and certain investors use this information to evaluate the Company’s performance. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Refer to the Company’s first quarter 2014 MD&A for a reconciliation of adjusted net income/earnings to reported net income.
14.
“Operating cash flow” is operating cash flow before working capital changes. This and operating cash flows before working capital changes per share (CFPS) are non- GAAP measures which the Company believes provides a better indicator of the Company’s ability to generate cash flow from its mining operations. See the Company’s first quarter 2014 MD&A for a reconciliation of operating cash flows to GAAP.
Footnotes
36. Tamara Brown
Vice President, Investor Relations
T 416 814 3168
info@primeromining.com
Trading Symbols
Common SharesTSX:P, NYSE:PPP
WarrantsTSX:P.WT
PRIMERO MINING CORP.
79 Wellington St. West, Suite 2100
Toronto, ON M5K 1H1
T 416 814 3160 F 416 814 3170
TF 877 619 3160
www.primeromining.com