- Primero Mining Corp. provided a corporate update for January 2014 that included cautionary statements about forward-looking information and summarized key points about the company's growth plans, portfolio of assets, and financial position.
- Key highlights included planned growth to 400,000 gold equivalent ounces by 2016, a diversified production base from long-life, high-grade assets in mining-friendly jurisdictions, and a strong cash position to fund expansion.
- The update also detailed Primero's assets, including its flagship producing mine San Dimas in Mexico and its development project Cerro del Gallo, as well as the assets it would acquire through a merger with Brigus Gold, including the producing Black Fox mine in Canada
Primero corporate presentation march 2014 v2primero_mining
- Primero provides a corporate update for March 2014 including cautionary statements about forward-looking information and use of terms like measured, indicated, and inferred resources.
- It discusses the company's investment opportunity as a mid-tier gold producer with a portfolio of long-life, high-grade assets located in safe jurisdictions and plans for significant growth.
- Primero focuses on maintaining a strong balance sheet, measured growth, disciplined cost management, and operating in low-risk jurisdictions.
The document provides an overview and cautionary statements for a presentation at the BMO 2014 Global Metals & Mining Conference held from February 24-26, 2014. It notes that the presentation may contain "forward-looking statements" regarding future events and performance. It cautions readers that factors could cause actual results to differ materially from what is presented. The document also provides definitions and cautions readers on the use and reliability of terms such as "measured resources", "indicated resources", and "inferred resources".
- Primero acquired the San Dimas gold-silver mine in Mexico which has produced over 30 million ounces of silver and 1.6 million ounces of gold historically.
- The mine has an estimated 5 year average production of 157,000 gold equivalent ounces at a cash cost of $337 per ounce and significant exploration potential.
- Primero has implemented optimization initiatives at San Dimas including a new dry tailings system, improved power infrastructure, and increased mining rates to improve production and reduce costs.
Primero november corporate presentation v2primero_mining
- Primero reported record production and financial results for Q3 2013, and revised its 2013 production outlook upward.
- The company has a strong balance sheet, low-cost structure, and plans steady growth by expanding its San Dimas mine and developing the Cerro del Gallo project.
- Exploration success at San Dimas has replaced reserves and added new mineralization close to existing infrastructure.
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 - 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.
This presentation provides an overview of Primero Mining Corp., an emerging mid-tier gold producer. Primero owns the San Dimas gold-silver mine in Mexico and is developing the Cerro del Gallo gold-silver-copper project, also in Mexico. The presentation highlights Primero's steady production growth profile, low costs, strong financial position, and expansion opportunities at San Dimas and Cerro del Gallo that are expected to double production to 250,000 gold equivalent ounces by 2016. Primero aims to continue measured growth while maintaining financial strength and operational discipline.
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.
Primero corporate presentation march 2014 v2primero_mining
- Primero provides a corporate update for March 2014 including cautionary statements about forward-looking information and use of terms like measured, indicated, and inferred resources.
- It discusses the company's investment opportunity as a mid-tier gold producer with a portfolio of long-life, high-grade assets located in safe jurisdictions and plans for significant growth.
- Primero focuses on maintaining a strong balance sheet, measured growth, disciplined cost management, and operating in low-risk jurisdictions.
The document provides an overview and cautionary statements for a presentation at the BMO 2014 Global Metals & Mining Conference held from February 24-26, 2014. It notes that the presentation may contain "forward-looking statements" regarding future events and performance. It cautions readers that factors could cause actual results to differ materially from what is presented. The document also provides definitions and cautions readers on the use and reliability of terms such as "measured resources", "indicated resources", and "inferred resources".
- Primero acquired the San Dimas gold-silver mine in Mexico which has produced over 30 million ounces of silver and 1.6 million ounces of gold historically.
- The mine has an estimated 5 year average production of 157,000 gold equivalent ounces at a cash cost of $337 per ounce and significant exploration potential.
- Primero has implemented optimization initiatives at San Dimas including a new dry tailings system, improved power infrastructure, and increased mining rates to improve production and reduce costs.
Primero november corporate presentation v2primero_mining
- Primero reported record production and financial results for Q3 2013, and revised its 2013 production outlook upward.
- The company has a strong balance sheet, low-cost structure, and plans steady growth by expanding its San Dimas mine and developing the Cerro del Gallo project.
- Exploration success at San Dimas has replaced reserves and added new mineralization close to existing infrastructure.
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 - 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.
This presentation provides an overview of Primero Mining Corp., an emerging mid-tier gold producer. Primero owns the San Dimas gold-silver mine in Mexico and is developing the Cerro del Gallo gold-silver-copper project, also in Mexico. The presentation highlights Primero's steady production growth profile, low costs, strong financial position, and expansion opportunities at San Dimas and Cerro del Gallo that are expected to double production to 250,000 gold equivalent ounces by 2016. Primero aims to continue measured growth while maintaining financial strength and operational discipline.
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.
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.
Primero Mining Corporation owns and operates the San Dimas gold-silver mine in Mexico. The document discusses Primero's strategy to optimize operations at San Dimas, expand resources through exploration, and pursue growth through potential acquisitions in Latin America to become a leading mid-tier gold producer. Recent exploration success has already replaced the estimated 2010 gold production at San Dimas and identified a multi-million ounce resource potential in the Sinaloa Graben area.
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.
- The corporate update provides an overview of Primero's operations and growth plans. It discusses the San Dimas mine, the pending acquisition of the Cerro Del Gallo project, and the company's strategy to increase production to 400,000-500,000 ounces per year through its existing assets and growth opportunities.
- Financial results for Q1 2013 showed increased production and cash flow compared to Q1 2012. The balance sheet contained $141 million in cash as of March 31, 2013.
- Details were given on plans to expand the San Dimas mine to 2,500 tonnes per day by Q1 2014 and exploration activities aimed at further resource growth. The Cerro Del Gallo acquisition is expected to close
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 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.
Alamos Gold Inc. is proposing to acquire Richmont Mines Inc. via a plan of arrangement. The proposed transaction would have an implied equity value of US$770 million and position the combined company as a leading intermediate gold producer. The acquisition of Richmont's Island Gold mine in Ontario would provide Alamos shareholders with a high-quality, free cash flow generating asset in a premier jurisdiction. It would also diversify Alamos' portfolio, strengthen its financial position, and enhance its production and cost profile to support continued growth. Richmont shareholders would receive a premium for their shares and maintain exposure to Island Gold's potential through a meaningful ownership in the larger combined company.
- Detour Gold Corporation presented its corporate presentation for February 9-10, 2016.
- In 2015, Detour Gold achieved 505,558 ounces of gold production, an 11% increase over 2014, met its mining and milling targets, and estimated its 2015 all-in sustaining costs to be between $1,040-1,060 per ounce sold.
- For 2016, Detour Gold provided production guidance of 540,000-590,000 ounces of gold and estimated total cash costs of $675-750 per ounce and all-in sustaining costs of $840-940 per ounce.
Sierra Metals Inc. (formerly Dia Bras Exploration Inc.) is Latin America's newest mid-tier precious and base metals producer and offers a strong value proposition to investors based on:
1) Undervalued vs. Peers: Low cash cost producer with strong upside potential for growth.
2) A Solid Financial Position: Strong positive cash flow with $80 million in the treasury and $83 million in earnings during 2012.
3) Diversified Asset Base: Precious and base metals producer with three operating mines in Peru and Mexico.
4) Substantial Reserve Growth: Expanded Reserves 8x in two years; and, 30% annual production growth in 2012.
5) Stable Investment Yield: $10 million annual dividend plus share buyback program.
- Primero reported strong results for Q1 2013, with record production and earnings, and strengthened its balance sheet.
- The presentation outlines Primero's growth strategy, including expanding the San Dimas mine and acquiring Cerro del Gallo.
- The Cerro del Gallo acquisition would diversify Primero's production profile and significantly increase its reserves and resources.
Kirkland lake gold investor presentation feb bmo conference finalkirklandlakegoldinc
1. Kirkland Lake Gold is a tier one gold producer with operations in Canada and Australia that is forecasting 2017 gold production of 500,000-525,000 ounces at an operating cash cost of $625-675 per ounce and all-in sustaining costs of $950-1,000 per ounce.
2. As of December 31, 2016, Kirkland Lake Gold had a strong cash position of US$234 million and net cash of US$145 million providing financial flexibility.
3. The company has significant exploration potential across its Canadian and Australian assets and has budgeted US$45-55 million for growth exploration in 2017.
Kirkland Lake Gold is a gold producer with operations in Canada and Australia. In 2017, it expects to produce 500,000-525,000 ounces of gold from five producing mines. Its cornerstone assets, the Macassa, Fosterville, and Taylor mines, are expected to produce 390,000 ounces in 2017. Kirkland Lake Gold believes it offers significant value as its enterprise value per ounce of 2017E production and price to 2017E cash flow are below peer averages, representing upside potential. It also has a strong balance sheet and targets low-cost production below $950-1,000 per ounce.
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.
- Primero provides a corporate update, outlining its strong financial position with $141M cash balance and projected $110M annual operating cash flow.
- Production is forecasted to increase from 110,000 gold equivalent ounces in 2012 to 205,000 in 2015 through expansion of the San Dimas mine and development of the Cerro del Gallo project.
- Exploration upside exists at both San Dimas, where reserves have increased 31% and resources 35% year-over-year, and Cerro del Gallo, which hosts a large gold domain and regional prospects.
bmo capital markets mining and metals confernce-handouts-29 feb16kirklandlakegoldinc
The document discusses Kirkland Lake Gold's plans to become an intermediate Ontario-focused gold producer through the acquisition of St. Andrew Goldfields. The combined company will have four mines and two mills producing 260,000 to 310,000 ounces of gold annually. It will benefit from operational synergies, a strong balance sheet with over $100 million in cash, and exploration potential across two historic gold camps in Ontario. Kirkland Lake Gold has an experienced management team and board of directors to lead the combined company's growth.
Newmont Mining Corporation reported its full year and Q4 2015 earnings. Key highlights include:
- The company lowered its all-in sustaining costs by 10% to $898/oz for 2015 and continued to deliver its strategy of improving the underlying business and strengthening its portfolio.
- Operationally, the company increased gold production by 4% to 5.0 million ounces in 2015 while lowering injury rates by 18% and reducing costs.
- Financially, the company increased adjusted EBITDA by 29% to $2.7 billion in 2015, more than doubled its free cash flow to $756 million, and lowered its net debt.
- Looking forward, the company aims to deliver safe and profitable
- The document reports on Primero Mining Corp's third quarter 2013 results, highlighting record gold and silver production and low cash costs. Production and financial guidance for 2013 was increased. Exploration success continued with four new high-grade veins discovered at the San Dimas mine. The expansion of the San Dimas mine to 2,500 tonnes per day remains on track for Q1 2014.
- The document is Yamana Gold's first quarter report from 2017, which provides an overview of the company's performance and outlook.
- It discusses Yamana's progress on its six pillar approach, including improving operations, advancing development projects, strengthening its balance sheet, making exploration discoveries, growing its pipeline, and rationalizing non-core assets.
- Key highlights mentioned are that production and costs were better than budget in Q1, consolidated gold production guidance was increased, and significant improvements are expected in the second half of 2017 across various operations.
Golden Star plans to expand production and reduce costs by ramping up its underground mines at Wassa and Prestea. This will transform the company into a higher grade, lower cost gold producer. Golden Star provided production and cost guidance for 2017, forecasting a 31-44% increase in gold production compared to 2016. Exploration drilling will focus on increasing reserves to extend the mine lives at Wassa and Prestea.
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.
Primero Mining Corporation owns and operates the San Dimas gold-silver mine in Mexico. The document discusses Primero's strategy to optimize operations at San Dimas, expand resources through exploration, and pursue growth through potential acquisitions in Latin America to become a leading mid-tier gold producer. Recent exploration success has already replaced the estimated 2010 gold production at San Dimas and identified a multi-million ounce resource potential in the Sinaloa Graben area.
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.
- The corporate update provides an overview of Primero's operations and growth plans. It discusses the San Dimas mine, the pending acquisition of the Cerro Del Gallo project, and the company's strategy to increase production to 400,000-500,000 ounces per year through its existing assets and growth opportunities.
- Financial results for Q1 2013 showed increased production and cash flow compared to Q1 2012. The balance sheet contained $141 million in cash as of March 31, 2013.
- Details were given on plans to expand the San Dimas mine to 2,500 tonnes per day by Q1 2014 and exploration activities aimed at further resource growth. The Cerro Del Gallo acquisition is expected to close
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 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.
Alamos Gold Inc. is proposing to acquire Richmont Mines Inc. via a plan of arrangement. The proposed transaction would have an implied equity value of US$770 million and position the combined company as a leading intermediate gold producer. The acquisition of Richmont's Island Gold mine in Ontario would provide Alamos shareholders with a high-quality, free cash flow generating asset in a premier jurisdiction. It would also diversify Alamos' portfolio, strengthen its financial position, and enhance its production and cost profile to support continued growth. Richmont shareholders would receive a premium for their shares and maintain exposure to Island Gold's potential through a meaningful ownership in the larger combined company.
- Detour Gold Corporation presented its corporate presentation for February 9-10, 2016.
- In 2015, Detour Gold achieved 505,558 ounces of gold production, an 11% increase over 2014, met its mining and milling targets, and estimated its 2015 all-in sustaining costs to be between $1,040-1,060 per ounce sold.
- For 2016, Detour Gold provided production guidance of 540,000-590,000 ounces of gold and estimated total cash costs of $675-750 per ounce and all-in sustaining costs of $840-940 per ounce.
Sierra Metals Inc. (formerly Dia Bras Exploration Inc.) is Latin America's newest mid-tier precious and base metals producer and offers a strong value proposition to investors based on:
1) Undervalued vs. Peers: Low cash cost producer with strong upside potential for growth.
2) A Solid Financial Position: Strong positive cash flow with $80 million in the treasury and $83 million in earnings during 2012.
3) Diversified Asset Base: Precious and base metals producer with three operating mines in Peru and Mexico.
4) Substantial Reserve Growth: Expanded Reserves 8x in two years; and, 30% annual production growth in 2012.
5) Stable Investment Yield: $10 million annual dividend plus share buyback program.
- Primero reported strong results for Q1 2013, with record production and earnings, and strengthened its balance sheet.
- The presentation outlines Primero's growth strategy, including expanding the San Dimas mine and acquiring Cerro del Gallo.
- The Cerro del Gallo acquisition would diversify Primero's production profile and significantly increase its reserves and resources.
Kirkland lake gold investor presentation feb bmo conference finalkirklandlakegoldinc
1. Kirkland Lake Gold is a tier one gold producer with operations in Canada and Australia that is forecasting 2017 gold production of 500,000-525,000 ounces at an operating cash cost of $625-675 per ounce and all-in sustaining costs of $950-1,000 per ounce.
2. As of December 31, 2016, Kirkland Lake Gold had a strong cash position of US$234 million and net cash of US$145 million providing financial flexibility.
3. The company has significant exploration potential across its Canadian and Australian assets and has budgeted US$45-55 million for growth exploration in 2017.
Kirkland Lake Gold is a gold producer with operations in Canada and Australia. In 2017, it expects to produce 500,000-525,000 ounces of gold from five producing mines. Its cornerstone assets, the Macassa, Fosterville, and Taylor mines, are expected to produce 390,000 ounces in 2017. Kirkland Lake Gold believes it offers significant value as its enterprise value per ounce of 2017E production and price to 2017E cash flow are below peer averages, representing upside potential. It also has a strong balance sheet and targets low-cost production below $950-1,000 per ounce.
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.
- Primero provides a corporate update, outlining its strong financial position with $141M cash balance and projected $110M annual operating cash flow.
- Production is forecasted to increase from 110,000 gold equivalent ounces in 2012 to 205,000 in 2015 through expansion of the San Dimas mine and development of the Cerro del Gallo project.
- Exploration upside exists at both San Dimas, where reserves have increased 31% and resources 35% year-over-year, and Cerro del Gallo, which hosts a large gold domain and regional prospects.
bmo capital markets mining and metals confernce-handouts-29 feb16kirklandlakegoldinc
The document discusses Kirkland Lake Gold's plans to become an intermediate Ontario-focused gold producer through the acquisition of St. Andrew Goldfields. The combined company will have four mines and two mills producing 260,000 to 310,000 ounces of gold annually. It will benefit from operational synergies, a strong balance sheet with over $100 million in cash, and exploration potential across two historic gold camps in Ontario. Kirkland Lake Gold has an experienced management team and board of directors to lead the combined company's growth.
Newmont Mining Corporation reported its full year and Q4 2015 earnings. Key highlights include:
- The company lowered its all-in sustaining costs by 10% to $898/oz for 2015 and continued to deliver its strategy of improving the underlying business and strengthening its portfolio.
- Operationally, the company increased gold production by 4% to 5.0 million ounces in 2015 while lowering injury rates by 18% and reducing costs.
- Financially, the company increased adjusted EBITDA by 29% to $2.7 billion in 2015, more than doubled its free cash flow to $756 million, and lowered its net debt.
- Looking forward, the company aims to deliver safe and profitable
- The document reports on Primero Mining Corp's third quarter 2013 results, highlighting record gold and silver production and low cash costs. Production and financial guidance for 2013 was increased. Exploration success continued with four new high-grade veins discovered at the San Dimas mine. The expansion of the San Dimas mine to 2,500 tonnes per day remains on track for Q1 2014.
- The document is Yamana Gold's first quarter report from 2017, which provides an overview of the company's performance and outlook.
- It discusses Yamana's progress on its six pillar approach, including improving operations, advancing development projects, strengthening its balance sheet, making exploration discoveries, growing its pipeline, and rationalizing non-core assets.
- Key highlights mentioned are that production and costs were better than budget in Q1, consolidated gold production guidance was increased, and significant improvements are expected in the second half of 2017 across various operations.
Golden Star plans to expand production and reduce costs by ramping up its underground mines at Wassa and Prestea. This will transform the company into a higher grade, lower cost gold producer. Golden Star provided production and cost guidance for 2017, forecasting a 31-44% increase in gold production compared to 2016. Exploration drilling will focus on increasing reserves to extend the mine lives at Wassa and Prestea.
The document describes an ideal city through acrostics and descriptions provided by students. The city has lots of green spaces like trees, flowers and grass. It bans cars but encourages bicycles, public transport and animals. Playgrounds are abundant and people are happy. The sky is filled with rainbows, balloons and fireworks.
- Primero Mining Corp. is a Canadian precious metals producer focused on building a portfolio of assets in the Americas. It currently operates the San Dimas Mine in Mexico.
- In Q2 2012, production increased 22% compared to Q2 2011. Gold and silver production and sales exceeded the same period of the previous year.
- Net income was $15 million in Q2 2012 compared to $3.9 million in Q2 2011. Cash flows from operations were also higher.
- Based on year-to-date performance exceeding expectations, the company revised its 2012 production outlook upward by 10% to a range of 110,000-120,000 gold equivalent ounces.
This article discusses 10 thoughts on entrepreneurship from commencement speeches, including advice to take risks, think differently, solve problems creatively, embrace failure as learning experiences, and pursue work that inspires passion. Graduates are encouraged to start their own businesses and change the world through entrepreneurship.
This document discusses learning about different parts of England and some strange things encountered. It covers the topic being discussed, different parts of England explored, what was learned, and some strange things found in England.
The document discusses how words are used more or less frequently on Twitter during the retrograde of Mercury compared to during the rest of the year. It shows that words like "lost" and "misunderstood" saw increases of 63% and 75% respectively during Mercury's retrograde, while overall usage of words was lower during retrogrades than the rest of the year. The text aims to analyze language usage in relation to astrological phenomena like planetary retrogrades.
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.
Kandesign is a branding and design firm that creates brands, identity programs, and products for various industries in an interactive world. They deliver inspiring and lasting customer experiences for clients in financial services, public services, education, new media, publishing, fashion, government, healthcare, leisure, industrial, medical, and online services. Their website is www.kandesign.com.
Kaolin merupakan mineral lempung yang terbentuk dari proses alterasi hidrotermal atau pelapukan, dan memiliki berbagai kegunaan seperti industri kertas, keramik, karet, cat, plastik, dan fiberglass. Kaolin dapat ditemukan di beberapa daerah di Indonesia dan dieksploitasi melalui metode penambangan terbuka atau semprot dengan dilakukannya eksplorasi menggunakan metode geologi, geofisika, dan geokimia.
Spring rolls are a staple of Asian cuisine and popular as street foods and appetizers. A serving of 4 spring rolls provides 146 calories, 5g of fat, and 490mg of sodium, while 3 pieces of dim sum provide 90 calories, 8g of fat, and 180mg of sodium. Sweet and sour chicken is a dish with chicken, pineapple, peppers, and carrots in a sweet and sour sauce. 1 cup of sweet and sour chicken has 346 calories, 18g of fat, and 17g of protein, compared to 190 calories, 11g of fat, and 26g of protein for 1 cup of stir-fried chicken. Fried rice can have 550 calories and 28g of fat for 1/2 cup of
Primero 2012 dgf presentation final v001 c5mf92primero_mining
Primero Mining Corporation is a Canadian gold and silver producer focused on its San Dimas mine in Mexico. The document discusses Primero's strategy of becoming a leading intermediate gold producer through operational and financial results, optimizing and expanding existing mines, diversifying through acquisitions, and increasing reserves through exploration. It provides highlights of Primero's strong financial position, delivering operating and financial results, increasing production guidance for 2012, and growing reserve and resource base.
Dokumen ini membahas tentang komputer dan aplikasinya di berbagai bidang seperti perkantoran, pendidikan, rumah sakit, serta beberapa contoh aplikasi penting seperti smart car dan simulator pilot. Dokumen ini juga mengidentifikasi beberapa isu sosial yang muncul akibat penggunaan komputer seperti dampaknya terhadap pekerjaan, kesehatan, dan citra diri manusia.
Four High-priced Slip-Ups Customers Often Make When They Buy "As Seen On TV" ...hbwmike
1. TV infomercials generate over $150 billion in gross sales annually but receive low satisfaction ratings due to misleading or complicated promotions.
2. When purchasing from infomercials, consumers often fail to calculate additional shipping, handling, and processing fees that can significantly increase the total cost beyond the advertised price.
3. "Free" or "risk-free" trial offers typically involve initial processing fees and are not truly free, as returning items may require paying shipping costs to avoid future charges.
This document is RE/MAX's September 2011 national advertising overview. It highlights that RE/MAX advertising builds the RE/MAX brand and delivers customers. It notes that over 2 million properties are in foreclosure, representing opportunities for real estate investors. RE/MAX agents can help investors find and purchase suitable foreclosure properties. The ad schedule details placements across print, online, cable TV and television networks to promote RE/MAX's customer service and affiliation benefits.
- 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.
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.
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.
Guy august-2016-ir-presentation-final-20160812132506guygold2016
This document discusses Guyana Goldfields Inc., a gold mining company. It contains forward-looking statements regarding drilling activities, reserve and resource estimates, and production growth. The company has a high-grade gold mine in Guyana with over 16 years of reserves at $1,000/oz gold. It generated $30M in free cash flow in the first half of 2016 and has a strong balance sheet. The company expects production to grow over 20% annually from 2016 to 2018 through organic growth from its existing mine and has potential to further increase production from mill expansion and developing a second mine.
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.
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.
- 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.
- The corporate presentation outlines the company's mining operations in Mexico and development projects in Mexico and Peru. It provides production and financial results for 2016 and guidance for 2017.
- The company has two producing silver mines in Mexico - the Guanajuato Mine Complex and Topia Mine. It is also developing the past producing Coricancha Mine in Peru with the goal of bringing it into production within 12-18 months.
- In 2016, total silver equivalent production was nearly 3.9 million ounces at a cash cost of $5-6 per ounce and all-in sustaining cost of $14-16 per ounce expected for 2017. The presentation provides details on recent operating performance and financial results.
- The presentation discusses the company's two producing silver mines in Mexico, their plans to increase production at the mines and explore other properties, and goals to lower costs and generate growth. It provides recent financial and production results showing increased output and significantly reduced costs per ounce. Charts display the company's low costs compared to peers and its strong balance sheet with no debt and increasing cash position.
This corporate presentation provides an overview of Great Panther Silver Limited's operations and financial performance. It summarizes that GPR has two producing silver mines in Mexico, with plans to bring two projects in Peru into production by 2018. This will increase projected annual silver production to 4-4.1 million ounces. The presentation also highlights GPR's strong balance sheet, reduced costs, and potential for organic growth through exploration and acquisitions.
The corporate presentation provides forward-looking production guidance for 2017 of between 4-4.1 million silver equivalent ounces at a cash cost of $5-6 per ounce and all-in sustaining cost of $14-16 per ounce. It also outlines the Company's two producing mines in Mexico, the Guanajuato Mine and Topia Mine, as well as its pipeline of development projects including the near-term production opportunity at the Coricancha Mine in Peru.
This corporate presentation discusses the company's operations in Mexico and Peru. It highlights the Guanajuato Mine Complex in Mexico, which is one of the country's most historic mining districts and currently produces over 700,000 ounces of silver annually from underground mines. The presentation also provides recent financial and production results, showing declining costs per ounce and positive earnings before non-cash items. Overall, it summarizes the company's focus on low-cost silver production in prominent mining jurisdictions in Latin America.
This corporate presentation discusses the company's operations in Mexico and potential in Peru. It highlights recent financial performance including increased production and lower costs per ounce. Charts show the company's costs are competitive amongst peers. Operations include the historic Guanajuato Mine Complex in Mexico, which is expanding production and exploring new areas. Production is focused on silver and gold with concentrate shipped to smelters in Japan and Germany.
Similar to Primero corporate presentation january 2014 (14)
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.
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 corporate presentation january 2015 update finalprimero_mining
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 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.
This document contains geological maps and diagrams of the San Dimas mining district, along with production data and exploration plans. It discusses the district's geology, describes various ore bodies and veins, and shows longitudinal sections and drilling plans to expand mining into new areas. Graphs show historical gold production and grades. The exploration plans involve drilling over 2,000 meters in 2014 and 2015 to test extensions of favorable horizons and expand resources.
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 provides information about a site visit to the Black Fox gold mine located in Timmins, Ontario. It summarizes the mine's resources and reserves, safety procedures, management team, community initiatives, infrastructure, exploration potential at depth and along strike, short term operational focus on increasing throughput, planned mining areas and development for 2014, and highlights of the Grey Fox exploration project nearby. The document appears to be a presentation for those visiting the Black Fox mine site to provide an overview of the operation and exploration opportunities.
- The document discusses a site visit by CIBC to the Black Fox gold mine site operated by Primero Mining Corporation.
- The Black Fox mine has mineral reserves of 660,800 ounces of gold and measured and indicated resources totaling 822,542 ounces of gold as of December 31, 2013.
- Primero aims to increase underground throughput at Black Fox through increased drilling, development, and equipment additions to improve productivity.
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2. Cautionary Statement
This presentation may contain “forward-looking” statements within the meaning of Canadian securities legislation and the United States
Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or the anticipated performance of the
Company and reflect management’s expectations or beliefs regarding such future events and anticipated performance. In certain cases,
forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”,
”estimates”, ”forecasts”, ”intends”, ”anticipates” or “believes”, or variations of such words and phrases or statements that certain actions,
events or results “may”, ”could”, “would”, ”might”, or “will be taken”, “occur” or “be achieved”, or the negative of these words or
comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or
implied by the forward-looking statements. Such factors include various risks related to the Company’s operations, including, without
limitation, fluctuations in spot and forward markets for gold, silver and other metals, fluctuations in currency markets, changes in national
and local governments in Mexico and the speculative nature of mineral exploration and development, risks associated with obtaining
necessary exploitation and environmental licenses and permits, and the presence of laws that may impose restrictions on mining. A
complete list of risk factors are described in the Company’s annual information form and will be detailed from time to time in the
Company’s continuous disclosure, all of which are, or will be available, for review on SEDAR at www.sedar.com.
This presentation uses the terms “measured resources”, “indicated resources” and “inferred resources”. The Company advises readers
that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of
Disclosure for Mineral Projects (“NI 43-101”), the United States Securities and Exchange Commission does not recognize them. Readers
are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted in to reserves. In
addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be
assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of
inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies, except for a Preliminary
Assessment as defined under NI43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is
economically or legally mineable.
Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that
described in forward-looking statements, there may be other factors that cause its performance not to be as anticipated. The Company
neither intends nor assumes any obligation to update these forward-looking statements or information to reflect changes in assumptions
or circumstances other than required by applicable law. There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those currently anticipated. Accordingly, readers should not
place undue reliance on forward-looking statements.
Unless otherwise indicated, all dollar values herein are in US$.
2
3. Investment Opportunity
o
o
o
o
Emerging mid-tier gold producer
with portfolio of long-life and highgrade assets
Track record of steady, dependable
growth
Low cost structure
180%
Planned Growth
400,000 AuEq.oz1,2
by 2016 YE
Strong cash flow and cash position
funding expansion, exploration and
new mine development
See final slide for footnotes.
Producing, profitable and growing
3
4. PRIMERO + BRIGUS:
A New Mid-Tier Gold Producer
o
Creates a new Americas focused mid-tier gold producer
o
Critical production scale and superior growth profile
o
Two mines producing a total of 240,000 to 260,000 gold equivalent ounces1 in 2014E
Potentially increasing to roughly 400,000 ounces in 2016E2
Combined M&I resources of 4.6 million gold equivalent ounces4
Below industry average cash costs resulting in superior cash flow
Significant exploration upside at all mines and projects
Strong balance sheet and financial performance
o
Diversified production base in prospective, proven historic mining districts
Mining friendly jurisdictions with low geopolitical risk
Sufficient capital to repay all debt and invest in organic growth
Strong balance sheet and pro forma market capitalization of approximately $720 million will promote
liquidity, increased analytical following and access to capital
Combined entity expected to generate approximately $760 million operating cash flow over the next 5
years2,4
Creates compelling valuation re-rating opportunity
Creating Value Through Consolidation
4
5. Our Focus
1.
Strong balance sheet
Measured growth
3.
Disciplined cost management
380-400
95
Cerro del Gallo
Black Fox
280-290
San Dimas
165
165
2014E
2015E
2016E
240-260
Low-risk jurisdictions
5.
120
160
4.
120
Responsible mining
90
140
111
2012
2013
(Thousand Gold Equivalent Ounces)
2.
TARGETED GROWTH PROFILE1,2
See final slide for footnotes.
How we are building value in Primero
5
6. Pro Forma Capitalization
As at December 13, 2013
Units
TSX Share Price
Primero
Brigus
2
Pro Forma
(C$)
$5.22
$0.63
n.a.
6
(mm)
115.7
232.1
158.0
6
(mm)
116.9
241.6
159.2
6
(US$ mm)
$570
$138
$709
6
(US$ mm)
$576
$144
$720
(US$ mm)
$125.7
$21.1
$146.8
Total Debt
(US$ mm)
$32.2
$74.6
$106.8
Investments
(US$ mm)
$1.7
$1.0
$2.7
6
(US$ mm)
$481
$196
$678
Shares Outstanding - Basic
Shares Outstanding - FDITM
Market Capitalization - Basic
Market Capitalization - FDITM
7
Cash and Cash Equivalents
7,8
Enterprise Value
Source: Public market disclosure as at December 13, 2013; US/CAD exchange rate of 0.9447 assumed.
See final slide for footnotes.
6
7. Record 2013 San Dimas Operating Results
Q4 2013
Mill Throughput
10
(AuEq ounces)
2,101
160,000
34,371
143,114
140,000
29,097
Gold equivalent production
111,983
120,000
1.60
6.05
100,000
5.17
4.67
+29%
11
(gold equivalent ounces)
Gold production
(ounces)
Silver production
Production
1,974
(tonnes per day)
13
(million ounces)
Gold grade
(grams per tonne)
Silver grade
292
(grams per tonne)
All-in Sustaining Cash Costs
258
12
($ per gold ounce)
Cash cost
2013
$1,396
$1,072
12
($ per AuEq ounce)
$660
$599
12
Cash cost – by-product
($ per gold ounce)
See final slide for footnotes.
80,000
60,000
40,000
20,000
-
$550
$389
2012
2013
7
8. Outlook for 2014
2013
Outlook 2014
143,114
155,000-165,000
111,983
115,000-125,000
6.05
6.25-6.50
$1,072
$950-1,050
$599
$575-600
$389
$340-360
Capital Expenditures
$56.0
$48.7
Exploration
$15.0
$18.2
Gold equivalent production
11
(gold equivalent ounces)
Gold production
(ounces)
Silver production
13
(million ounces)
All-in Sustaining Cash Costs
12
($ per gold ounce)
Cash cost
12
($ per gold equivalent ounce)
12
Cash cost – by-product
($ per gold ounce)
($ millions)
($ millions)
See final slide for footnotes.
8
9. COMBINED OPERATING PORTFOLIO
Diversified, Stable, Mining Friendly Jurisdictions
Builds on Mine
San Dimas Established Presence in Mexico
(AT DECEMBER 31, 2012, MINERAL RESOURCES
INCLUDE MINERAL RESERVES)
Au Reserves (Moz)
Au M&I Resources (Moz)
0.78
Au Inferred Resources (Moz)
0.76
Ag Reserves (Moz)
39.4
Ag M&I Resources (Moz)
46.9
Ag Inferred Resources (Moz)
Black Fox Mine
0.66
64.6
Ventanas Property
(AT DECEMBER 31, 2012, MINERAL RESOURCES
INCLUDE MINERAL RESERVES)
Head Office
(Toronto)
Au Reserves (Moz)
0.77
Au M&I Resources (Moz)
0.96
Inferred Resources (Moz)
0.06
Grey Fox
(AT JANUARY 27 2009)
Ind. Resources (koz AuEq.)
34.0
Inferred Resources (koz AuEq.)
70.0
(AT JULY 2, 2013)
0.51
Au Inferred Resources (Moz)
Cerro del Gallo
Au Indicated Resources (Moz)
0.23
(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)
Producing Mine
Development Project
Exploration Property
103.4
Located in proven and low-risk jurisdictions
9
10. Pipeline of Assets Drives Organic Growth
Production
San Dimas
Black Fox
Construction
San Dimas Expansion to 2,500 TPD
Development
Cerro del Gallo
Grey Fox
Potential San Dimas Expansion to 3,000 TPD
Exploration
Ventanas Property
Black Fox Mine at Depth
Black Fox Complex
San Dimas Regional
Balanced Pipeline of Growth
10
12. Primero: Steady Growth Ahead
DEVELOPMENT
PHASE 2 POTENTIAL
EXPANSION
PHASE 1 EXPANSION
PRODUCTION
San Dimas
Platform
San Dimas
2,500 TPD
San Dimas
3,000 TPD
Significant organic growth
Cerro Del
Gallo
12
13. PRIMERO: SAN DIMAS
Proven Long Life Platform Asset
o Located on the prolific Sierra Madre trend
-
Impressive historical performance
-
San Dimas has been mined for over 100 years with a
proven track record of reserve replacement
o Increasing production to ~160 k AuEq oz in 2014
o Mill currently operating at ~2,200 tpd
-
Mill expanding to 2,500 tpd in Q1 2014
-
Potential future expansion to 3,000 tpd
o Low operating costs
-
Expect cash costs to continue to trend below $600/oz on
a co-product basis
o District wide exploration potential
-
Sinaloa Graben and West Block discoveries demonstrate
the potential for the system to provide wide higher-grade
veins
District Produced 11M oz Gold, 600M oz Silver
13
14. PRIMERO: SAN DIMAS
Focused Exploration
o
$15.7 million exploration
program
o
22,500 hectare package
o
60,000 metres of drilling:
35,000 metres delineation drilling
25,000 metres exploration
drilling, plus 2,500 metres of
exploration drifting
o
Targeting high-grade central
corridor, close to existing
infrastructure
0
Exploration Success in 2013
1
2 km
14
15. PRIMERO: SAN DIMAS
New Mineralization Close to Infrastructure
Victoria Vein
New veins discovered in 2012 and mined in 2013
15
16. PRIMERO: CERRO DEL GALLO
Potential Near Term Production
CERRO DEL GALLO INCREASES PRIMERO’SPRODUCTION BY 60%12
Location:
Guanajuato State
Ownership: 100%
Metals:
Gold, silver & copper
Mining:
Open pit, heap leach, and/or
conventional mill
Excellent Infrastructure: Active mining district,
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
Construction Decision: Contingent on project
achieving a double digit IRR at $1,100/oz gold
Potential near-term additional 95,000 AuEq. oz
16
17. PRIMERO: CERRO DEL GALLO
Exploration and Development Upside
o
o
o
o
High grade vein intersected
in first exploration activity
since 2008
10,000 metre drill program
for infill and condemnation
drilling in 2014
Known mineralization
outside the existing
development plan
Current Focus on
condemnation drilling,
permitting, land acquisition
and engineering update
First Exploration Activity Since 2008
17
19. BRIGUS: BLACK FOX
Open for Expansion at Depth
Location
Ownership
Metals
Mining
Capacity
Mine Life
Timmins, Ontario
100% (8% gold stream at $504/oz)
Gold
Open pit & Underground
2,200 TPD
Open Pit: ~3 years, U/G: ~7 years
Mineral Resources and Mineral Reserves
(DECEMBER 31, 2012, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
TONNAGE
(M TONNES)
GOLD GRADE
(G/T)
CONT. GOLD
(K OUNCES)
5.2
CLASSIFICATION
4.6
764
Mineral Reserves
Proven & Probable
Mineral Resources
(includes Mineral Reserves)
Measured & Indicated
5.4
5.3
925
Inferred
0.5
3.9
60
19
20. BRIGUS: BLACK FOX
Open for Expansion at Depth
RESERVE/RESOURCE
DEPTH (m)
SHAFT/RAMP DEPTH
(m)
Holloway Mine
900
864
Doyon
1,040
1,040
Holt Mine
1,200
1,075
Timmins West
1,200
1,200
Hoyle Pond
1,290
2,200
McIntyre
1,300
1,300
Lapa
1,600
1,400
Dome
1,665
1,665
Kirkland Lake
1,750
1,750
Hollinger
1,800
1,800
Westwood
2,650
2,650
LaRonde
3,200
2,860
Average
1,633
1,651
Black Fox
510
390
MINE
20
22. BRIGUS: GREY FOX
Promising Development Project
CERRO
Location: DEL GALLO INCREASES Timmins, ON
4 km from Black Fox - PRIMERO’SPRODUCTION BY 60%12
Ownership:
100% (No gold stream)
Metals:
Gold
Mining:
Open pit & Underground
Exploration:
3 rigs on site
Permitting:
Currently underway
Mineral Resources and Mineral Reserves
(July 3, 2013)
CUT-OFF
GRADE
(g/t Au)
POTENTIAL
MATERIAL
TONNES
(M)
CAPPED
Au (g/t)
CONTAINED
Au (oz)
>2.84
Underground
1.3
6.2
255,000
>0.72
CLASSIFICATION
Open Pit
3.0
2.6
252,400
4.3
3.7
507,400
Indicated Resources
Total Indicated Resources
Inferred Resources
>2.84
1.0
5.6
184,800
>0.72
Total Inferred Resources
Underground
Open Pit
0.5
2.8
43,800
1.5
4.7
228,600
22
23. Catalysts & News Flow
January 2014
2013 Production &
2014 Guidance
Late February 2014
Brigus Transaction
Shareholder Votes
Creating a diversified,
Americas based mid-tier
producer
Q1 2014
San Dimas at
2,500 TPD
Expansion increases annual
production capacity to
160,000AuEq.oz
Q2 2014
Black Fox Underground
at ~1,000 TPD
Replacing lower-grade
open pit ounces
March 2014
Reserves Update
Release 2013 Reserves
and Resources
Statement
Q2 2014
San Dimas 3,000
TPD Decision
Expansion decision
announced
Q2 2014
Exploration Updates
Announce drilling results
from San Dimas, Black Fox,
Cerro del Gallo and Grey Fox
23
24. Investment Opportunity
o
o
o
Brigus acquisition transforms
Primero into a diversified mid-tier
gold producer with portfolio of
high-grade assets
Strong financial position with
superior cash flow generation
Growth through two near-term
development projects and
significant exploration potential at
all assets
180%
2
GROWTH planned to
~400,000 AuEq.oz
by 2017 YE1,2
$150M
/yr
2,5
SIGNIFICANT Annual
Operating Cash Flow
Producing, profitable and growing
24
26. SAN DIMAS
Positive Created Positive LeverageSilver
Leverage to to Silver
Recent Tax Ruling
Primero sells 50% of annual silver production above 3.5 million ounces at spot
o Remainder sold at ~$4 per ounce under silver purchase agreement
o Threshold commences August 6 to following August 5
o Threshold increases to 6.0 million ounces on August 6, 2014
o Expansion anticipated to generate meaningful silver spot sales post August 6, 2014
SILVER AS PERCENTAGE OF 2013E REVENUE
Silver
Gold
25%
75%
26
27. SAN DIMAS
District Wide Exploration Potential
West Block
2014 EXPLORATION
San Antonio
Mined 1987-2002
Sinaloa Graben
Mined 2012-Current
Central Block
Mined 2002-Current
Tayoltita Block
Mined 1975-Current
Arana
Hanging Wall
NE
SW
3,000 m.
3,000 m.
2,000 m.
2014 EXPLORATION PROGRAM
2,000 m.
DRILLING FOR EXTENSIONS OF KNOWN VEINS
1,000 m.
1,000 m.
Source: San Dimas Geology Office
LONGITUDINAL CROSS SECTION
Mineralization – Ore Bodies
Favorable Horizon
Extension of the Favorable Horizon
Potential
Faults
Intrusive
0
1
2
K I L O M E T E R S
27
28. CERRO DEL GALLO
Cerro Del Gallo Development Plan
2013
Q3
Q4
2014
Q1
Q2
2015
Q3
Q4
Q1
Q2
2016
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
28
29. SAN DIMAS
Mineral Resources and Mineral Reserves
(DECEMBER 31, 2012, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
TONNAGE
(MILLION TONNES)
GOLD GRADE (G/T)
SILVER GRADE
(G/ T)
CONTAINED GOLD
(000 OUNCES)
CONTAINED SILVER
(000 OUNCES)
4.579
4.5
267
660
39,377
Indicated
3.748
6.5
389
780
46,877
Inferred
6.144
3.9
327
762
64,637
CLASSIFICATION
Mineral Reserves
Probable
Mineral Resources
Notes to Mineral Reserve Statement:
1.
Cutoff grade of 2.4 grams per tonne (”g/t”) gold equivalent (“AuEq”) based on total operating cost of US$104.73/t. Metal prices assumed are gold
US$1,400 per troy ounce and silver US$25 per troy ounce. Silver supply contract obligations have been referenced in determining overall vein reserve
estimate viability.
2.
Processing recovery factors for gold and silver of 97% and 94% assumed.
3.
Exchange rate assumed is 13 pesos/US$1.00.
The Mineral Reserve estimates were prepared by Mr. Herbert A. Smith P.Eng. of AMC Mining Consultants (Canada) Ltd. and a QP for the purposes of
4.
National Instrument 43-101 (“NI 43-101”).
Notes to Mineral Resource Statement:
1.
Mineral Resources are total and include those resources converted to Mineral Reserves.
2.
A 2.0g/t Au Eq cutoff grade is applied and the AuEq is calculated at a gold price of US$1,625 per troy ounce and a silver price of US$25 per troy ounce.
3.
A constant bulk density of 2.7 tonnes/m3 has 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
4.
Consultants (Canada) Ltd. and a QP for the purposes of NI 43-101.
Additional exploration potential 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. 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.
29
30. CERRO DEL GALLO
Reserves and In-Pit Resources1
Total Resources Within the Gold Domain2
Category
Measured
Indicated
Measured & Indicated
Inferred
M Tonnes
129
80
209
20
Au
(g/t)
0.54
0.38
0.48
0.3
Au
(M ozs)
2.24
0.98
3.22
0.19
Ag
(g/t)
12.0
8.0
11.0
7.0
Ag
(M ozs)
49.8
20.6
70.3
4.5
Cu
(%)
0.09
0.08
0.08
0.09
Cu
(M lbs)
256.0
141.1
396.9
39.7
Au Eq
(g/t)
0.94
0.69
0.83
0.59
AuEq
(M oz)
3.91
1.77
5.58
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.
Phase I Heap Leach In-Pit Proven and Probable Reserves3
Category
Proven
Probable
Proven & Probable
M Tonnes
28.2
4.0
32.2
Au
(g/t)
0.71
0.54
0.69
Au
(M ozs)
0.64
0.07
0.71
Ag
(g/t)
15.1
13.2
14.8
Ag
(M ozs)
13.7
1.7
15.3
Cu
(%)
0.08
0.07
0.08
Cu
(M lbs)
50.2
6.2
56.4
Au Eq
(g/t)
1.15
0.93
1.14
AuEq
(M oz)
1.05
0.12
1.18
Au Eq
(g/t)
1.07
0.92
1.06
AuEq
(M oz)
1.37
0.24
1.64
3. These reserves are reported using internal cut-off grades of 0.24 and 0.29 gAuEq/t for weathered and partially oxidized, respectively.
In-Pit Resources (excluding Proven and Probable Reserves)4,5
Category
Measured
Indicated
Measured & Indicated
M Tonnes
39.9
8.0
47.9
Au
(g/t)
0.61
0.55
0.60
Au
(M ozs)
0.78
0.14
0.92
Ag
(g/t)
13.8
11.0
13.3
Ag
(M ozs)
17.71
2.83
20.55
Cu
(%)
0.10
0.08
0.1
Cu
(M lbs)
88.8
14.6
103.4
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”.
30
31. BLACK FOX
Mineral Resources and Mineral Reserves
(DECEMBER 31, 2012, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
TONNAGE
(MILLION TONNES)
GOLD GRADE (G/T)
CONTAINED GOLD
(000 OUNCES)
5.2
4.6
764
Measured & Indicated
5.4
5.3
925
Inferred
0.5
3.9
60
CLASSIFICATION
Mineral Reserves
Proven & Probable
Mineral Resources
Notes:
1.
The average gold grade for Proven and Probable Reserves is adjusted for dilution while Measured and Indicated Resources is not. Contained metal in
estimated reserves remains subject to metallurgical recovery losses.
2.
Black Fox reserves and resources are based on US$1,150/oz Au for 88% of production and US$500/oz Au for gold sold through the gold stream
agreement from the NI 43-101 Technical Report prepared by Tetra Tech dated January 2011. The Black Fox open pit reserves and resources are
reported at a 0.88 gpt cutoff and the underground reserves and resources are reported at a 2.54 gpt cutoff. Estimated Black Fox reserves and
resources are shown as at December 31, 2012, net of mining depletion from the October 31, 2010 independent Technical Report.
3.
A gold price of US$1,250/oz and an exchange rate of US$1.00=C$1.00 was utilized in the gold cut-off grade calculations of 2.63 gpt for potential
underground at the Contact Zone and 0.65 gpt for potential open-pit 147 Zone mineral resources. Underground and open-pit mining costs, process
costs and G&A costs were estimated using experience gained from Brigus' Black Fox mine. Process recovery was assumed at 95%.
4.
Disclosure of "contained ounces" is permitted under Canadian Regulations; however, the SEC permits resources to be reported only as in place
tonnage and grade.
31
32. GREY FOX
Mineral Resources
JULY 3, 2013
CLASSIFICATION
CUT-OFF GRADE
(g/t Au)
POTENTIAL MATERIAL
TONNES
(MILLION TONNES)
CAPPED Au (g/t)
CONTAINED GOLD
(000 OUNCES)
Indicated Resources
>2.84
Underground
1.3
6.2
255,000
>0.72
Open Pit
3.0
2.6
252,400
4.3
3.7
507,400
Total Indicated Resources
Inferred Resources
>2.84
1.0
5.6
184,800
>0.72
Total Inferred Resources
Underground
Open Pit
0.5
2.8
43,800
1.5
4.7
228,600
Notes:
1. The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these
Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or
Measured mineral resource category.
2. These Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.
3. While the results are presented undiluted and in situ, the reported mineral resources are considered to have reasonable prospects for economic extraction.
4. CIM definitions and guidelines were followed for Mineral Resources.
5. A gold price of US$1,400/oz and an exchange rate of US$1.00=C$1.01 was utilized in the gold cut-off grade calculations of 2.84 g/t for potential underground
and 0.72 g/t for potential open-pit Mineral Resources. Underground and open-pit mining costs, process costs and G&A costs were estimated using experience
gained from Brigus’ Black Fox mine.
6. The Indicated category is defined by combining various statistical criteria, such as a minimum of three drill holes within the search area, a maximum distance
of 15m to the closest composite, and a maximum average distance of 25m to composites. Finally, a clipping boundary was interpreted to either upgrade or
downgrade some of the resource based on confidence and geological continuity.
32
33. Executive Management
Joseph F. Conway | President & C.E.O. 1
o
o
Former CEO, President and Director of IAMGOLD
from 2003 to 2010
Former President, CEO and Director of Repadre
Capital from 1995 to 2003
Renaud Adams | C.O.O.
o
o
o
Former SVP, American Operations for IAMGOLD
Former General Manager of Rosebel Gold Mine
2007 to 2010
Former General Manager El Toqui Mine in Chile
and then the El Mochito Mine in Honduras
David Blaiklock | C.F.O.
Former controller IntraWest
Previously controller for a number of public and
private companies in real estate development
o
o
Tamara Brown | VP, Investor Relations
o
o
Former Director Investor Relations for IAMGOLD
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
Former Senior Vice President, Chief Legal Officer
and Corporate Secretary of HudBay Minerals Inc.;
Chief Counsel Canada, Chief Privacy Officer Canada of AT&T
o
Gabriel Voicu | VP, Geology and Exploration
25 Years of mining experience, formerly held
senior technical and exploration positions with
Cambior and IAMGOLD
o
David Sandison | VP, Corporate Development
Former VP, Corporate Development of
Clarity Capital ; Director, Corporate Development
Xstrata Zinc Canada ; Director Business Development,
Noranda/Falconbridge; Former EVP, Noranda Chile
o
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.
33
34. Board of Directors
Wade Nesmith | Chairman
o
o
Founder of Primero
Founding and current director
of Silver Wheaton
David Demers | Director2,3,4,5
Founder, CEO and Director
Westport Innovations
Director of Cummins Westport
and Juniper Engines
o
o
Grant Edey | Director 3,5
o
o
o
President & CEO, Khan
Resources Inc.
Former Director of Breakwater
Resources, former director of
Queenstake Resources, Santa
Cruz Gold
Former CFO, IAMGOLD
Joseph Conway | Director
see Executive Management
Brad Marchant| Director 1
Rohan Hazelton | Director 1,5
o
o
Timo Jauristo | Director 2
o
o
EVP, Corporate Development,
Goldcorp
Former CEO of Zincore Metals
Inc. and Southwestern
Resources Corp.
Eduardo Luna | Director 1
o
o
VP, Strategy, Goldcorp
Formerly with Wheaton River
and Deloitte & Touche LLP
Former EVP & President,
Mexico. Former Chairman and
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
Board Committees:
1. Health, Safety and Environment
2. Human Resources
3. Governance and Nominating
4. Lead Director 5. Audit
o
Co-founder of Triton Mining
Corporation
Founder of BioteQ Environmental
Technologies Inc.
Robert Quartermain | Director 2,3
o
o
o
Founder and President & CEO,
Pretivm Resources
Former President, Silver Standard
Director of Vista Gold Corp.
and Canplats Resources
Michael Riley | Director 5
o
o
Chartered accountant with more
than 26 years of accounting
experience
Chair of Primero Audit Committee,
Chair of Audit Committee of B.C.
Lottery
34
35. Notes to Investors Regarding the Use of Resources
This presentation has been prepared in accordance with the requirements of Canadian provincial securities laws which differ from the requirements of
U.S. securities laws. Unless otherwise indicated, all mineral reserve and resource estimates included in this presentation have been prepared in
accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining,
Metallurgy and Petroleum classification systems. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for
all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the
requirements of the United States Securities and Exchange Commission (the “SEC”), and reserve and resource estimates disclosed in this presentation
may not be comparable to similar information disclosed by U.S. companies.
The mineral reserve estimates in this presentation have been calculated in accordance with NI 43-101, as required by Canadian securities regulatory
authorities. For United States reporting purposes, SEC Industry Guide 7 under the United States Securities Exchange Act of 1934, as amended, as
interpreted by Staff of the SEC, applies different standards in order to classify mineralization as a reserve. As a result, the definition of “probable
reserves” used in NI 43-101 differs from the definition in the SEC Industry Guide 7. Under SEC standards, mineralization may not be classified as a
“reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the
reserve determination is made. Among other things, all necessary permits would be required to be in hand or issuance imminent in order to classify
mineralized material as reserves under the SEC standards. Accordingly, mineral reserve estimates contained in this presentation may not qualify as
“reserves” under SEC standards.
In addition, this presentation uses the terms “indicated resources” and “inferred resources” to comply with the reporting standards in Canada. The
Company advises United States investors that while those terms are recognized and required by Canadian regulations, the SEC does not recognize them.
United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral
reserves. Further, “inferred resources” have a great amount of uncertainty as to their existence and as to whether they can be mined legally or
economically. Therefore, United States investors are also cautioned not to assume that all or any part of the “inferred resources” exist. In accordance
with Canadian securities laws, estimates of “inferred resources” cannot form the basis of feasibility or other economic studies. It cannot be assumed that
all or any part of “indicated resources” or “inferred resources” will ever be upgraded to a higher category or are economically or legally mineable. In
addition, disclosure of “contained ounces” is permitted disclosure under Canadian securities laws; however, the SEC only permits issuers to report
mineralization as in place tonnage and grade without reference to unit measures.
NI 43-101 also permits the inclusion of disclosure regarding the potential quantity and grade, expressed as ranges, of a target for further exploration
provided that the disclosure (i) states with equal prominence that the potential quantity and grade is conceptual in nature, that there has been
insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral
resources, and (ii) states the basis on which the disclosed potential quantity and grade has been determined. Disclosure regarding exploration potential
has been included in this presentation. United States investors are cautioned that disclosure of such exploration potential is conceptual in nature by
definition and there is no assurance that exploration will result in any category of NI 43-101 mineral resources being identified.
35
36. Footnotes
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
“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.
Assumes San Dimas operates at least at 2,500 tpd from Q1 2014; that Cerro Del Gallo begins production at the end of 2015, with full
year production estimated at 95,000AuEq. oz in 2016 and Primero management estimates for Black Fox production, based on 2,2002,300 tpd operation.
Estimated five-year annual average after-tax operating cash flow assuming consensus metals prices as of December 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, and includes tax reforms in Mexico commencing January 1, 2014.
Refer to slides 29, 30, 31, 32 of this presentation.
Estimated five-year after-tax operating cash flow estimated at consensus metals prices (as shown in appendix) and a 63:1 gold:silver
ratio and includes recent tax reforms in Mexico
Based on closing prices as of December 13, 2013 on the TSX and share capital as of September 30, 2013, not adjusted for subsequent
events.
Based on Balance sheet data as of September 30, 2013, not adjusted for SpinCo cash of approximately C$10 million or subsequent
events.
Face amount of Brigus debt at Q3 2013 is $74.6 million, not including $20.3 million capital lease assumption - financial statements
disclose debt of $82.9 million which is net of derivative liabilities.
Goldcorp: 5 year, 6% note with annual principal payments of $5M plus 50% of Excess Free Cash Flow, with balloon payment of
balance at end of 2015.
Based on 365 days per year. Note the San Dimas mill was shut down on December 22, 2013 as planned and as part of the expansion to
2,500 TPD.
“Gold equivalent ounces” include revenue from silver converted to a gold equivalent based on estimated average realized commodity
prices.
Cash cost is a non-GAAP measure. Refer to the third quarter 2013 MD&A for a reconciliation of cash costs.
Silver production is subject to a silver purchase agreement. The silver purchase agreement dictates that until August 6, 2014 Primero
will 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 $4.164.12 per ounce (increasing by 1% per year). Thereafter Primero will 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 amount has been delivered.
36
37. PRIMERO MINING CORP.
20 Queen Street West, Suite 2301
Toronto, ON M5H 3R3
T 416 814 3160 F 416 814 3170
TF 877 619 3160
www.primeromining.com
Tamara Brown
Vice President, Investor Relations
T 416 814 3168
info@primeromining.com
Trading Symbols
Common Shares TSX:P, NYSE:PPP, ASX:PPM
Warrants
TSX:P.WT