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.
The document summarizes Newmarket Gold Inc., an intermediate gold producer. Key points include:
- Newmarket has an experienced management team and strong operating assets in Australia producing over 200,000 ounces of gold annually with exploration upside.
- Production is expected to be 205-220koz in 2015 at declining costs and the company is pursuing a gold-focused consolidation strategy.
- Newmarket's flagship Fosterville mine in Australia has high grade resources with potential to expand at depth and the Cosmo mine also offers expansion opportunities.
- Newmarket trades at a significant discount to peers on key valuation metrics like EV/oz produced and is positioned for value creation through further cost reductions and growth.
Newmarket Gold has three low-cost gold mines in Australia that are expected to produce 205,000-220,000 ounces of gold in 2015. The company has an experienced management team and board that are aligned with shareholders through their 10% ownership stake. Newmarket also has a large mineral resource base and exploration upside. The company is trading at a significant discount to peers on key valuation metrics such as EV/oz produced and P/E due to its growth potential through acquisitions.
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.
This document discusses the proposed merger between Kirkland Lake Gold Ltd. (KGI) and St Andrew Goldfields Ltd. (SAS) to create an Ontario-focused intermediate gold producer. The combined company would have production from four mines and two centrally located mills in Ontario's Abitibi greenstone belt, with projected 2016 production of 260-310koz of gold. It would have a strong balance sheet with over C$100m in cash, enhanced market profile with increased analyst coverage and trading liquidity, and significant exploration upside through consolidated land holdings. The pro forma company is expected to have improved diversification and financial flexibility to generate strong cash flows as an emerging intermediate gold producer.
Claude Resources Inc. Q4 and 2015 Annual Conference Call and Webcast Presenta...Marc Lepage, CPIR
- Claude Resources reported record gold production and earnings in 2015, with production increasing 20% over 2014 and net earnings improving by $27.7 million.
- Key drivers of the strong performance were higher mill head grades from the Santoy Gap ore body and improved mining methods.
- The company has a strong balance sheet with $39.8 million in cash and bullion as of December 31, 2015, and is focused on expanding reserves and resources through its 2016 drilling programs.
Gran Colombia Gold reported its Q1-2017 results. Gold production was 39,008 ounces, up 26% from Q1-2016, driven by strong performance from contract miners at its Segovia Operations in Colombia. Cash costs were $748/ounce and AISC was $941/ounce. The company generated $2.3 million in excess cash flow in the quarter and is on track to meet its 2017 production guidance of 150,000-160,000 ounces. Gran Colombia also updated resources at Segovia, with measured and indicated resources increasing to 1.1 million ounces from 402 thousand ounces in December 2016.
This document provides financial results and operational highlights for Richmont Mines for Q3 2015. Key points include:
- Production is on track to meet high end of guidance for 2015 with cash costs in the mid-range of guidance.
- Strong cash balance of $76.5 million to fund growth plans.
- PEA released for Island Gold mine shows potential to accelerate production and lower costs.
- Exploration drilling continuing at Island Gold to extend mine life and resources.
- The document is an investor presentation for Teranga Gold Corporation dated November 27, 2015.
- It outlines Teranga's accomplishments in 2015 including maintaining a net cash balance, reducing cash costs, and advancing growth projects like Gora and mill optimization.
- The presentation discusses Teranga's goals of increasing long-term sustainable free cash flow, pursuing growth opportunities, and creating shareholder value. It provides an updated outlook for 2015 with production and cost guidance.
The document summarizes Newmarket Gold Inc., an intermediate gold producer. Key points include:
- Newmarket has an experienced management team and strong operating assets in Australia producing over 200,000 ounces of gold annually with exploration upside.
- Production is expected to be 205-220koz in 2015 at declining costs and the company is pursuing a gold-focused consolidation strategy.
- Newmarket's flagship Fosterville mine in Australia has high grade resources with potential to expand at depth and the Cosmo mine also offers expansion opportunities.
- Newmarket trades at a significant discount to peers on key valuation metrics like EV/oz produced and is positioned for value creation through further cost reductions and growth.
Newmarket Gold has three low-cost gold mines in Australia that are expected to produce 205,000-220,000 ounces of gold in 2015. The company has an experienced management team and board that are aligned with shareholders through their 10% ownership stake. Newmarket also has a large mineral resource base and exploration upside. The company is trading at a significant discount to peers on key valuation metrics such as EV/oz produced and P/E due to its growth potential through acquisitions.
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.
This document discusses the proposed merger between Kirkland Lake Gold Ltd. (KGI) and St Andrew Goldfields Ltd. (SAS) to create an Ontario-focused intermediate gold producer. The combined company would have production from four mines and two centrally located mills in Ontario's Abitibi greenstone belt, with projected 2016 production of 260-310koz of gold. It would have a strong balance sheet with over C$100m in cash, enhanced market profile with increased analyst coverage and trading liquidity, and significant exploration upside through consolidated land holdings. The pro forma company is expected to have improved diversification and financial flexibility to generate strong cash flows as an emerging intermediate gold producer.
Claude Resources Inc. Q4 and 2015 Annual Conference Call and Webcast Presenta...Marc Lepage, CPIR
- Claude Resources reported record gold production and earnings in 2015, with production increasing 20% over 2014 and net earnings improving by $27.7 million.
- Key drivers of the strong performance were higher mill head grades from the Santoy Gap ore body and improved mining methods.
- The company has a strong balance sheet with $39.8 million in cash and bullion as of December 31, 2015, and is focused on expanding reserves and resources through its 2016 drilling programs.
Gran Colombia Gold reported its Q1-2017 results. Gold production was 39,008 ounces, up 26% from Q1-2016, driven by strong performance from contract miners at its Segovia Operations in Colombia. Cash costs were $748/ounce and AISC was $941/ounce. The company generated $2.3 million in excess cash flow in the quarter and is on track to meet its 2017 production guidance of 150,000-160,000 ounces. Gran Colombia also updated resources at Segovia, with measured and indicated resources increasing to 1.1 million ounces from 402 thousand ounces in December 2016.
This document provides financial results and operational highlights for Richmont Mines for Q3 2015. Key points include:
- Production is on track to meet high end of guidance for 2015 with cash costs in the mid-range of guidance.
- Strong cash balance of $76.5 million to fund growth plans.
- PEA released for Island Gold mine shows potential to accelerate production and lower costs.
- Exploration drilling continuing at Island Gold to extend mine life and resources.
- The document is an investor presentation for Teranga Gold Corporation dated November 27, 2015.
- It outlines Teranga's accomplishments in 2015 including maintaining a net cash balance, reducing cash costs, and advancing growth projects like Gora and mill optimization.
- The presentation discusses Teranga's goals of increasing long-term sustainable free cash flow, pursuing growth opportunities, and creating shareholder value. It provides an updated outlook for 2015 with production and cost guidance.
Guyana Goldfields Inc. March 2017 IR Presentationguygold2016
This document provides an overview of Guyana Goldfields Inc. and its Aurora Gold Mine. It discusses the company's 2016 highlights which included producing over 150k ounces of gold and being within guidance. It outlines the feasibility study results which show over 3M ounces of gold production over a 15 year mine life. It also discusses the phased mill expansion to increase throughput which is fully permitted and funded internally. Finally, it highlights the exploration potential on the company's large land package in Guyana as it looks to discover a second mine in the district.
The document summarizes Newmarket Gold's operations and investment opportunities. Key points include:
- Newmarket Gold has three producing gold mines in Australia with solid production of over 200,000 ounces annually and declining costs.
- Their flagship Fosterville mine has shown record production, grades, and recoveries in Q3 2015 and has potential for further resource expansion.
- The Cosmo mine also achieved strong results in Q3 and has identified a new discovery that could open a new mining front.
Alamos corporate presentation feb 5 2016 webalamosgoldinc
This corporate presentation document contains:
1) Cautionary notes regarding forward-looking statements and non-GAAP measures used in the presentation.
2) An overview of Alamos Gold's diversified gold production assets in North America, including 2016 production and cost guidance for each mine.
3) Details on the company's strategy of disciplined, staged growth through developing existing assets and advancing exploration and development projects.
Lake Shore Gold Corp. is a Canadian gold producer that operates the Timmins West and Bell Creek mines and milling complex in Timmins, Ontario. The presentation provides an overview of the company's operations and financial results. Key points include:
- Production guidance of 180,000 ounces of gold in 2015 at an all-in sustaining cost of less than $950 per ounce.
- 136,200 ounces were produced in the first nine months of 2015, meeting guidance.
- Cash and bullion balances increased to $88 million as of October 2015, with $26 million in free cash flow generated year-to-date.
- Exploration success has extended mine life at Timmins West and increased reserves at
The document provides an overview of SEMAFO's operations and growth strategy. It details their track record of operating success in West Africa, including achieving production guidance for eight consecutive years. It outlines their disciplined growth strategy through exploration and developing the high-grade Natougou deposit. The document also highlights SEMAFO's strong financial position and CSR programs.
The document is a presentation by The High Margin Precious Metals Company summarizing Silver Wheaton's business model and assets. It notes that forward-looking statements are subject to risks and uncertainties. It provides an overview of how streaming works, why it creates value for partners, and highlights Silver Wheaton's high-quality, long-life, low-cost asset portfolio which includes operating mines and development projects. Key updates are provided on several of Silver Wheaton's largest assets. The presentation also discusses Silver Wheaton's community support programs, the ongoing tax dispute with CRA, and why Silver Wheaton is an attractive investment compared to traditional miners and other streaming companies.
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.
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.
Kinross Gold Corporation held a Q1 2016 results conference call and webcast on May 11, 2016. Key highlights from the call include: Kinross delivered strong performance in Q1 2016 with production increasing and costs decreasing year-over-year. Kinross is on track to meet its 2016 guidance targets. The Tasiast Phase One project is progressing well with engineering 55% complete and major earthworks scheduled to begin in June. Phase One is expected to significantly increase production and reduce costs at Tasiast.
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.
- Newmarket Gold has an exceptional management team with a track record of value creation and significant ownership stakes in the company.
- The company has three producing gold mines in Australia with over 200,000 ounces of annual gold production and strong cash flows.
- Newmarket has discovered three new gold deposits near existing infrastructure and sees potential for further resource expansion and organic growth.
Newmarket Gold reported its full year 2015 financial results on March 4, 2016. The company achieved record consolidated gold production of 222,671 ounces, exceeding guidance. Fosterville was the largest contributor with record production of 123,095 ounces. Operating cash costs were $704/ounce sold and all-in sustaining costs were $987/ounce sold, both down significantly from 2014. The company ended 2015 with $36.5 million in cash and will be essentially debt free after converting outstanding convertibles by March 31, 2016. Newmarket provided production and cost guidance for 2016 that is largely in line with 2015 results.
Fourth Quarter and Year End 2018 Results WebcastGranColombiaGold
Gran Colombia Gold Reports Fourth Quarter and Full Year 2018 Results; Reaches New Highs for Production, Adjusted EBITDA and Operating Cash Flow; Balance Sheet Strengthened; Increasing Focus on Growth Pipeline
- The document discusses Kirkland Lake Gold and its plans to become a sustainable, profitable mid-tier gold producer through the consolidation of its assets in Ontario.
- Kirkland Lake Gold provides guidance for 2016 of producing between 270,000-290,000 ounces of gold at a cash cost of $800-850 per ounce and all-in sustaining costs of $1,300-1,350 per ounce.
- The company's key assets include its high-grade Macassa Mine Complex in Ontario and the East Timmins Gold Project, with combined reserves of over 2.3 million ounces and resources of over 8 million ounces located near infrastructure in mining-friendly regions.
This corporate presentation provides an overview of Claude Resources and its operations. It highlights record earnings in the first half of 2015, growing production and higher grades at its Seabee Gold Operation. It also outlines its focus on increasing higher margin ore to the mill from Santoy Gap and utilizing the Alimak mining method at Seabee Mine to improve efficiency. The presentation emphasizes Claude's peer leading cost performance and strong balance sheet. It provides an outlook for increased gold production and lowered unit costs guidance for 2015.
This document provides an overview and quarterly update for Kirkland Lake Gold Inc. It includes highlights such as production tracking well against guidance, strong financial position with $170 million in cash, and $24 million budget for 2016 exploration programs across properties. Key details include Q2 2016 results such as gold sales, costs, cash flow and financial results. It also provides an overview of the Macassa Mine Complex reserves, resources and 2016 estimates.
The document is an investor presentation for KL Gold outlining its 2017 outlook. It provides guidance for 2017 gold production of 500,000-525,000 ounces across its five mines in Canada and Australia. It also provides estimated 2017 operating costs per ounce and all-in sustaining costs per ounce, as well as budgets for sustaining capital, growth capital, exploration expenditures, royalties, and general and administrative costs.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document discusses spherical harmonics and their properties and applications. Spherical harmonics are orthogonal functions defined on the surface of a sphere that can be used to represent functions defined over the spherical domain, similar to how Fourier series represent functions over a 1D or 2D domain. The document first reviews mathematical fundamentals including orthogonal functions and spherical coordinates. It then defines spherical harmonics and describes some of their key properties such as rotational invariance. Finally, it discusses two applications of spherical harmonics in computer graphics: representing environment maps and performing real-time spherical harmonic lighting calculations for dynamic scenes.
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.
Este documento proporciona información sobre la tecnología del té. Explica que el té proviene de tres variedades de la planta Camellia y describe sus características. Detalla el proceso de elaboración del té, que incluye etapas como el marchitado, enrulado, fermentación y secado. Cada etapa induce cambios químicos en las hojas y determina el tipo de té resultante. Finalmente, el té se limpia y clasifica antes de envasarse.
Guyana Goldfields Inc. March 2017 IR Presentationguygold2016
This document provides an overview of Guyana Goldfields Inc. and its Aurora Gold Mine. It discusses the company's 2016 highlights which included producing over 150k ounces of gold and being within guidance. It outlines the feasibility study results which show over 3M ounces of gold production over a 15 year mine life. It also discusses the phased mill expansion to increase throughput which is fully permitted and funded internally. Finally, it highlights the exploration potential on the company's large land package in Guyana as it looks to discover a second mine in the district.
The document summarizes Newmarket Gold's operations and investment opportunities. Key points include:
- Newmarket Gold has three producing gold mines in Australia with solid production of over 200,000 ounces annually and declining costs.
- Their flagship Fosterville mine has shown record production, grades, and recoveries in Q3 2015 and has potential for further resource expansion.
- The Cosmo mine also achieved strong results in Q3 and has identified a new discovery that could open a new mining front.
Alamos corporate presentation feb 5 2016 webalamosgoldinc
This corporate presentation document contains:
1) Cautionary notes regarding forward-looking statements and non-GAAP measures used in the presentation.
2) An overview of Alamos Gold's diversified gold production assets in North America, including 2016 production and cost guidance for each mine.
3) Details on the company's strategy of disciplined, staged growth through developing existing assets and advancing exploration and development projects.
Lake Shore Gold Corp. is a Canadian gold producer that operates the Timmins West and Bell Creek mines and milling complex in Timmins, Ontario. The presentation provides an overview of the company's operations and financial results. Key points include:
- Production guidance of 180,000 ounces of gold in 2015 at an all-in sustaining cost of less than $950 per ounce.
- 136,200 ounces were produced in the first nine months of 2015, meeting guidance.
- Cash and bullion balances increased to $88 million as of October 2015, with $26 million in free cash flow generated year-to-date.
- Exploration success has extended mine life at Timmins West and increased reserves at
The document provides an overview of SEMAFO's operations and growth strategy. It details their track record of operating success in West Africa, including achieving production guidance for eight consecutive years. It outlines their disciplined growth strategy through exploration and developing the high-grade Natougou deposit. The document also highlights SEMAFO's strong financial position and CSR programs.
The document is a presentation by The High Margin Precious Metals Company summarizing Silver Wheaton's business model and assets. It notes that forward-looking statements are subject to risks and uncertainties. It provides an overview of how streaming works, why it creates value for partners, and highlights Silver Wheaton's high-quality, long-life, low-cost asset portfolio which includes operating mines and development projects. Key updates are provided on several of Silver Wheaton's largest assets. The presentation also discusses Silver Wheaton's community support programs, the ongoing tax dispute with CRA, and why Silver Wheaton is an attractive investment compared to traditional miners and other streaming companies.
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.
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.
Kinross Gold Corporation held a Q1 2016 results conference call and webcast on May 11, 2016. Key highlights from the call include: Kinross delivered strong performance in Q1 2016 with production increasing and costs decreasing year-over-year. Kinross is on track to meet its 2016 guidance targets. The Tasiast Phase One project is progressing well with engineering 55% complete and major earthworks scheduled to begin in June. Phase One is expected to significantly increase production and reduce costs at Tasiast.
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.
- Newmarket Gold has an exceptional management team with a track record of value creation and significant ownership stakes in the company.
- The company has three producing gold mines in Australia with over 200,000 ounces of annual gold production and strong cash flows.
- Newmarket has discovered three new gold deposits near existing infrastructure and sees potential for further resource expansion and organic growth.
Newmarket Gold reported its full year 2015 financial results on March 4, 2016. The company achieved record consolidated gold production of 222,671 ounces, exceeding guidance. Fosterville was the largest contributor with record production of 123,095 ounces. Operating cash costs were $704/ounce sold and all-in sustaining costs were $987/ounce sold, both down significantly from 2014. The company ended 2015 with $36.5 million in cash and will be essentially debt free after converting outstanding convertibles by March 31, 2016. Newmarket provided production and cost guidance for 2016 that is largely in line with 2015 results.
Fourth Quarter and Year End 2018 Results WebcastGranColombiaGold
Gran Colombia Gold Reports Fourth Quarter and Full Year 2018 Results; Reaches New Highs for Production, Adjusted EBITDA and Operating Cash Flow; Balance Sheet Strengthened; Increasing Focus on Growth Pipeline
- The document discusses Kirkland Lake Gold and its plans to become a sustainable, profitable mid-tier gold producer through the consolidation of its assets in Ontario.
- Kirkland Lake Gold provides guidance for 2016 of producing between 270,000-290,000 ounces of gold at a cash cost of $800-850 per ounce and all-in sustaining costs of $1,300-1,350 per ounce.
- The company's key assets include its high-grade Macassa Mine Complex in Ontario and the East Timmins Gold Project, with combined reserves of over 2.3 million ounces and resources of over 8 million ounces located near infrastructure in mining-friendly regions.
This corporate presentation provides an overview of Claude Resources and its operations. It highlights record earnings in the first half of 2015, growing production and higher grades at its Seabee Gold Operation. It also outlines its focus on increasing higher margin ore to the mill from Santoy Gap and utilizing the Alimak mining method at Seabee Mine to improve efficiency. The presentation emphasizes Claude's peer leading cost performance and strong balance sheet. It provides an outlook for increased gold production and lowered unit costs guidance for 2015.
This document provides an overview and quarterly update for Kirkland Lake Gold Inc. It includes highlights such as production tracking well against guidance, strong financial position with $170 million in cash, and $24 million budget for 2016 exploration programs across properties. Key details include Q2 2016 results such as gold sales, costs, cash flow and financial results. It also provides an overview of the Macassa Mine Complex reserves, resources and 2016 estimates.
The document is an investor presentation for KL Gold outlining its 2017 outlook. It provides guidance for 2017 gold production of 500,000-525,000 ounces across its five mines in Canada and Australia. It also provides estimated 2017 operating costs per ounce and all-in sustaining costs per ounce, as well as budgets for sustaining capital, growth capital, exploration expenditures, royalties, and general and administrative costs.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document discusses spherical harmonics and their properties and applications. Spherical harmonics are orthogonal functions defined on the surface of a sphere that can be used to represent functions defined over the spherical domain, similar to how Fourier series represent functions over a 1D or 2D domain. The document first reviews mathematical fundamentals including orthogonal functions and spherical coordinates. It then defines spherical harmonics and describes some of their key properties such as rotational invariance. Finally, it discusses two applications of spherical harmonics in computer graphics: representing environment maps and performing real-time spherical harmonic lighting calculations for dynamic scenes.
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.
Este documento proporciona información sobre la tecnología del té. Explica que el té proviene de tres variedades de la planta Camellia y describe sus características. Detalla el proceso de elaboración del té, que incluye etapas como el marchitado, enrulado, fermentación y secado. Cada etapa induce cambios químicos en las hojas y determina el tipo de té resultante. Finalmente, el té se limpia y clasifica antes de envasarse.
Microsoft PowerPoint 2007 merupakan program presentasi yang memungkinkan pengguna untuk membuat presentasi multimedia interaktif dengan menyisipkan teks, gambar, audio, video, dan animasi. Program ini memiliki berbagai fitur seperti menu, toolbar, dan view yang memudahkan pengguna dalam membuat dan menyajikan presentasi.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Proses metallurgi terdiri dari beberapa tahapan untuk mengekstrak logam dari bijihnya, meliputi pengecilan ukuran butir bijih, konsentrasi, preparasi fisik atau kimia, ekstraksi menggunakan pirometalurgi, hidrometalurgi, atau elektrometalurgi, dan pemurnian untuk memperoleh logam murni.
This document outlines a theory about how student affairs organizations can function as virtual-networked organizations. It describes stages an organization may progress through, from having a basic online presence like a website or social media accounts, to those accounts facilitating engagement, conversations and knowledge sharing among members, and ultimately the online community becoming self-sustaining and influencing real-world changes for the organization. The peak stage is reached when what happens online becomes integral to the overall organization and its traditional operations.
- 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.
This very short document contains no substantive information beyond repeating the word "Test" multiple times. It does not provide enough context to generate a meaningful summary.
Soul music began in the late 1950s as a combination of R&B and gospel, emphasizing vocalists and merging religious and secular themes. It has roots in racial, geographical, historical, and economic sources. Recordings by Sam Cooke, Ray Charles, and James Brown in the 1950s are commonly considered the beginnings of soul music. Soul music was born in Memphis and the southern US, where most performing artists originated.
An ultrasound technician uses ultrasound technology to create images of fetuses that help physicians monitor pregnancy development. Ultrasound technicians attend 1-2 year programs at technical colleges in Georgia like Athens Technical College or nationwide schools like Keiser Career College. Graduates can find jobs at hospitals around Georgia like Piedmont Hospital and Emory Healthcare or elsewhere in the US, with average salaries of $67,000 in Georgia or $53,000 nationally.
Ringkasan dokumen tersebut adalah:
Kelompok 6 memperkenalkan anggota kelompoknya yang terdiri dari Oktavia Gita Prastiwi, Rahmat Adi Pradana, Taufik Al Faruk dan Widyawati.
This document discusses supporting online teacher collaboration through digital portfolios called Teacher Folios. It recommends that teachers collect resources in a shared online space like Wikispaces to build a community of practice. The document introduces Content Representation as a framework and concludes by thanking the audience for their time.
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 contains personal and contact information for Vasin Lerdmongkon, as well as details about his education and work experience. It lists his Bachelor's degree in Information Technology from Kaseteart University from 2010-2014. It then describes his various roles as a web programmer, IT support, business analyst and programmer, and system analyst from 2012-2017. It provides details of the programming languages, databases, and reporting tools he has experience with. It also lists several projects he has worked on and his responsibilities in those roles.
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, solid balance sheet, decreasing costs and increasing production. Key points include record production at its Fosterville Gold Mine in Q2 2016, consolidated production guidance of 225,000-235,000 ounces for 2016, year-to-date consolidated operating cash costs of $686/oz and all-in sustaining costs of $923/oz, and $69.9 million in cash as of June 30, 2016. The company also discusses its growth pipeline and decreasing cost profile at Fosterville.
The document provides an overview of Northern Star Resources' third quarter 2015 financial results. Some key points:
- Northern Star achieved record production in the first nine months of 2015 of 169,491 ounces, up 3.7% year-over-year.
- Fosterville mine set records for production, mill grade, and recovery in Q3 2015.
- Guidance for full-year 2015 production is reaffirmed at approximately 220,000 ounces, while cost outlook is lowered.
- Exploration programs have led to discoveries that could provide organic growth near existing minesites.
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, exploration projects, financial position, and operational performance. Key points include:
- Newmarket owns three producing gold mines in Australia that are on track to produce 225,000-235,000 ounces of gold in 2016 at costs of $650-725/oz.
- The flagship Fosterville mine in Victoria achieved a record quarter with production of 37,245 ounces at a record grade of 7.5 g/t and costs of $440/oz.
- Drilling continues to expand resources and reserves at Fosterville, indicating potential for a 5-year mine life extension.
- Newmarket has a strong
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, solid balance sheet, decreasing costs of production, and exploration success extending mine life at its flagship Fosterville Gold Mine. Key points include record production at Fosterville in Q2 2016, consolidated production guidance of 225,000-235,000 ounces for 2016, year-to-date all-in sustaining costs of $923/ounce, and a cash balance of $69.9 million as of June 30, 2016 providing a strong foundation for continued growth. Drilling is expanding resources and reserves at Fosterville with the goal of adding over 5 years of additional mine life through several new target areas.
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.
The document provides an overview of Newmarket Gold Inc., highlighting its producing assets in Australia, exploration projects, financial position, and team. Key points include:
- Newmarket operates three producing gold mines in Australia that are on track to produce 225,000-235,000 ounces of gold in 2016 at costs of $650-725/oz.
- The flagship Fosterville mine in Victoria achieved a record quarter with production of 37,245 ounces at a record grade of 7.5 g/t and costs of $440/oz.
- Newmarket has a strong balance sheet with $69.9 million in cash and $2.8 million in debt as of June 30, 2016.
- The company
Gran Colombia Gold reported its Q4 and full year 2015 results. Key highlights include:
- Q4 gold production of 30,050 ounces and full year production of 116,857 ounces
- Q4 cash costs of $705/ounce, a 22% reduction from Q4 2014
- Full year cash costs of $729/ounce, a reduction from $1,024/ounce in 2014
- Debt restructuring in January 2016 involving exchange of notes for new convertible debentures maturing in 2018 and 2020
- Richmont Mines operates the high-grade Island Gold mine and Beaufor mine in Canada. In 2015, reserves increased 187% to 625,550 ounces of gold, with mine lives extended.
- At Island Gold, reserves grew 206% to 561,700 ounces with an average grade of 8.26 g/t and mine life of 7 years. A preliminary economic assessment outlines expansion potential.
- Beaufor reserves increased 95% to 63,850 ounces with a mine life over 2 years. Exploration continues to target additional resources at both mines.
- Richmont Mines operates the high-grade Island Gold mine and Beaufor mine in Canada. In 2015, reserves increased 187% to 625,550 ounces of gold, with mine lives extended.
- At Island Gold, reserves grew 206% to 561,700 ounces with an average grade of 8.26 g/t and mine life of 7 years. A preliminary economic assessment outlines expansion potential.
- Beaufor reserves increased 95% to 63,850 ounces with a mine life over 2 years. Exploration continues to target additional resources at both mines.
- Richmont has a strong balance sheet, low shares outstanding, and is well positioned for sustainable production and cost profile improvements in 2016 and beyond.
- Richmont Mines reported fourth quarter and full year 2016 financial results on February 21, 2017.
- In 2016, the company achieved record annual gold production of 104,050 ounces, at the high end of guidance. Cash costs for the year were $908 per ounce sold, within guidance.
- At the Island Gold Mine, production was 83,323 ounces for 2016, exceeding the revised guidance range. Cash costs of $779 per ounce were below the revised guidance range.
- The company reported a strong cash position of $75.1 million as of December 31, 2016 and expects a growing cash flow stream to support a potential expansion at Island Gold.
- 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 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 presentation provides an overview of Great Panther Silver, a primary silver producer with two operating mines in Mexico and a potential third mine in Peru.
- Great Panther has a strong balance sheet with $53.2 million in cash and no debt, and is maintaining low costs at its Mexican operations while pursuing organic growth opportunities and acquisitions.
- The company plans to acquire the former producing Coricancha mine in Peru, which could provide approximately 3 million silver equivalent ounces per year at full capacity. Great Panther will update resource estimates and conduct a prefeasibility study for Coricancha.
The corporate presentation provides an overview of Great Panther Silver Limited, including:
1) Great Panther operates two silver and gold mining operations in Mexico and is acquiring the Coricancha mine complex in Peru, which has the potential to produce approximately 3 million silver equivalent ounces per year at full capacity.
2) In the first quarter of 2017, Great Panther produced over 727,000 silver equivalent ounces at a total cash cost of $3.54 per ounce.
3) The company has a pipeline of projects at various stages that can provide growth over the next 10 years, including near-term production potential at Coricancha within 18 months of acquisition.
The corporate presentation provides an overview of Great Panther Silver Limited, including:
1) Great Panther operates two silver and gold mining operations in Mexico and is acquiring the Coricancha mine complex in Peru, which has the potential to produce approximately 3 million silver equivalent ounces per year at full capacity.
2) In the first quarter of 2017, Great Panther produced over 727,000 silver equivalent ounces at a total cash cost of $3.54 per ounce.
3) The company has a pipeline of projects at various stages that can provide growth over the next 10 years, including near-term production potential at Coricancha within 18 months of acquisition.
The presentation provides an overview of Great Panther Silver Ltd, a primary silver producer with two mines in Mexico. It discusses the company's strong financial position with $53.2 million in cash and no debt. Production guidance for 2017 is provided between 4-4.1 million silver equivalent ounces at a cash cost of $5-6 per ounce and all-in sustaining costs of $14-16 per ounce. The company's project pipeline is also summarized, with three current production sites and projects in development and exploration that could provide growth over the next 10 years.
The corporate presentation discusses Great Panther Silver, a primary silver producer with two mines in Mexico. It summarizes the company's financial performance in Q1 2017, with total production of over 727,000 silver equivalent ounces at a total cash cost of $3.54 per ounce. The presentation provides an overview of the company's operating mines in Mexico and development projects, outlining its goal of organic production growth.
- 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 was 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 growth from expanding production and reducing costs at Island Gold and Beaufor.
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.
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.
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.
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.
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 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.
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.
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.
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The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
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.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
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
Management Participants
Tamara Brown | VP, Investor Relations
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 HudBayMinerals Inc.; Chief Counsel Canada, Chief Privacy Officer - Canada of AT&T
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
Louis Toner | VP, Project Development & Construction
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
Over 35 Years of mining experience
Former VP, Vice-President, Operations & Social Responsibility at South American Silver
13 Years of experience in Latin America
Gabriel Voicu | VP, Geology and Exploration
25 Years of mining experience, formerly held senior technical and exploration positions with Cambior and IAMGOLD
Wendy Kaufman| Chief Financial Officer
20 Years of experience
Appointed CFO in September 2014
Former VP, Finance and Treasure of InmetMining Corporation
Joseph Conway | President & CEO
30 Years of experience
Appointed President and CEO in June 2010
Former CEO, President & Director of IAMGOLD and RepadreCapital
4. TSX P I NYSE PPP I 4
Q3 2014 Highlights
o
Production and costs in-line with guidance
o
San Dimas mine production was strong, with heavy rainfall in July impacting mill throughput slightly
o
Black Fox showing improvement with 30% higher production
o
Strong third quarter operating cash flow before changes in working capital of $21.7 million ($0.14 per share)
o
Earnings impacted by one-time items including impairment associated with Brigusacquisition
o
Announced San Dimas expansion to 3,000 TPD
o
Appointed Wendy Kaufman as Chief Financial Officer
5. TSX P I NYSE PPP I 5
$67M
STRONG Liquidity
Financial Position
Source: 2014E-2016E Operating Cash Flow -Thomson Reuters consensus CFPS multiplied by current 160 million shares outstanding.
$78M7
PRUDENT Debt Level
September 30, 2014
$72
$78
$120
$160
$0
$50
$100
$150
$200
2013
2014E
2015E
2016E
Consensus Estimated Operating Cash Flow ($ millions)
Exchanges
TSX:P
NYSE:PPP
Balance Sheet (September 30, 2014)
Cash
Line of Credit8
TotalLiquidity
Convertible Debenture(6.5%, due March 2016, $14 conversion)
Line of Credit Draw Down8(Due May 2017)
Total Debt7
$22 million
$45 million
~$67 million
$48 million
$30 million
$78 million
Capital Structure
CommonSharesOutstanding 9
Fully Diluted 10
Market Cap. At Oct. 30, 2014
160 million
190 million
C$650 million
6. TSX P I NYSE PPP I 6
Combined Operating Results
*See final slide for footnotes.
Q3 2014
Q3 2013
Gold equivalent production1
(gold equivalent ounces)
59,673
41,998
Gold production
(ounces)
51,464
31,791
Silver production2
(million ounces)
1.41
1.62
All-in Sustaining Costs3($ per gold ounce)
$1,154
$974
Cash cost3
($ per AuEqounce)
$689
$516
Cash cost3–by-product
($ per gold ounce)
$596
$252
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Q3 2013
Q3 2014
+42%
Production
(AuEqounces)
7. TSX P I NYSE PPP I 7
San Dimas Operating Results
Q3 2014
Q3 2013
Mill Throughput4
(tonnes per day)
2,388
2,172
Gold equivalent production1
(gold equivalent ounces)
37,385
41,998
Gold production
(ounces)
29,176
31,791
Silver production2
(million ounces)
1.41
1.62
Gold grade
(grams per tonne)
4.34
5.08
Silver grade
(grams per tonne)
216
265
All-in Sustaining Costs3($ per gold ounce)
$919
$751
Cash cost3
($ per AuEqounce)
$690
$516
Cash cost3–by-product
($ per gold ounce)
$526
$252
10,000
30,000
50,000
70,000
90,000
110,000
130,000
YTD 2013
YTD 2014
YTD San Dimas Production
(AuEqounces)
+10%
8. TSX P I NYSE PPP I 8
Black Fox Operating Results
Q3 2014
Q3 2013*
Mill Throughput4
(tonnes per day)
2,425
2,256
Gold Production
(gold ounces)
22,288
27,174
Gold Grade
(grams per tonne)
3.24
4.34
All-in Sustaining Costs3($ per gold ounce)
$1,202
$905
Cash cost3
($ per gold ounce)
$688
$615
Black Fox Production
(Au ounces)
-
5,000
10,000
15,000
20,000
25,000
Q1 2014
Q2 2014
Q3 2014
+30%
+29%
*Prior to Primero’s acquisition
9. TSX P I NYSE PPP I 9
Financial Results
(US$ thousands, except per share amounts)
Q3 2014
Q3 2013
Revenues
75,503
53,793
Earnings from Mine Operations
6,184
22,960
Net income (loss)
(105,904)
10,080
EPS ($ per share)
(0.66)
0.09
Adjusted net income5
259
10,959
Adjusted EPS5($ per share)
0.00
0.09
Operating cash flows6
before changes in working capital
21,704
20,926
CFPS6($ per share)
0.14
0.18
+40%
See final slide for footnotes.
-
10
20
30
40
50
60
70
80
Q3 2013
Q3 2014
Revenues
($millions)
10. TSX P I NYSE PPP I 10
* Includes Cerro del Gallo. See final slide for footnotes.
Strong Outlook for 2014
BlackFox
San Dimas
Outlook 2014
Gold equivalent production1(gold equivalent ounces)
65,000-75,000
155,000-165,000
220,000-240,000
Gold production (ounces)
65,000-75,000
120,000-130,000
185,000-205,000
Silver production2(million ounces)
-
6.1-6.3
6.1-6.3
All-in Sustaining Costs3($ per gold ounce)
$1,400-$1,450
$750-$800
$1,175-$1,225
Cash cost3($ per gold equivalent ounce)
$850-$900
$600-$650
$675-$725
Capital Expenditures($ millions)
$36.0
$38.3
$85.3*
Exploration($ millions)
$18.5
$15.7
$36.2*
12. TSX P I NYSE PPP I 12
Corporate Office
(Toronto)
Producing in America’s Top Mining Jurisdictions
#5*
Mexico
Producing Mine
Development Project
Exploration Property
71%
29%
Mexico
Canada
75%
25%
Production & Reserves by Region
2014E Production1
Gold Reserves
* Based on 2014 BehreDolbearReport “2014 Ranking of Countries for Mining Investment”.
#1*
Canada
o
Operating in two of the most attractive mining jurisdictions* globally with:
Long mining history
Government stability
Established permitting process
oLocated in areas with:
Existing infrastructure
Skilled local workforce
Suppliers
Community support
Black Fox Mine
Grey Fox Property
San Dimas Mine
Cerro Del Gallo Project
VentanasProperty
LOW RISK PROFILE
13. TSX P I NYSE PPP I 13
SAN DIMASA Flagship Asset
oExpansion to 2,500 TPD completed Q1 2014
oOn track to meet 2014 guidance
oExpansion to 3,000 TPD announced
oTrialing 7 day, 12-hour shifts to optimize mine throughput
oTunnels connecting Central Block to Grabenwill increase efficiency and reduce costs
Location
Mine Type
Ownership
Durango, Mexico
Underground, Gold & Silver
100% (silver stream)2
Proven & Probable Gold Reserves (koz) (4.9M tonnesat 5.5 g/t)
870
Measured & Indicated Gold Resources (koz)
(Inclusive of Reserves) (4.3M tonnesat 7.2 g/t)
997
Inferred Gold Resources (koz) (7.3M tonnesat 4.2 g/t)
998
2014E Production1(AuEqkoz)
155-165
2014E Cash Costs3($/AuEqoz)
$600-$650
540
560
580
600
620
640
660
680
700
-
50,000
100,000
150,000
200,000
2011
2012
2013
2014E
Production (AuEq oz)
Cash Costs ($/AuEq oz)
See final slide for footnotes.
San Dimas Annual Production
57% GROWTH
14. TSX P I NYSE PPP I 14
-
500
1,000
1,500
2,000
2,500
3,000
3,500
Q3 2010
Q3 2012
Q3 2014
Q3 2016E
San Dimas Mill Throughput (TPD)
ConstructionMill expansion to 3,000 TPD will begin Q1 2015 and is expected to be completed by Q2 2016
Capital CostCurrently estimated at $26.4 million, including a 30% contingency After-tax IRR13is expected to be 78% with a 12 month payback period14
ProductionAn estimated increase by more than 30% over 2014 to approximately 215,000 gold equivalent ounces
Cash CostExpected to drop by ~$50 per ounce from current levels
SAN DIMASExpansion to 3,000 TPD
89% GROWTH
See final slide for footnotes.
15. TSX P I NYSE PPP I 15
Proven History of Reserve & Resource Growth
SAN DIMASSignificant Exploration Upside with Low Finding Costs
o2014: $15.7 million, 80,000 metres of drilling
oVictoria vein Gold Reserves increased to 195,000 ozat 11.5 g/t
505
660
870
577
780
997
704
762
998
2011
2012
2013
P&P Reserves ( Au Koz)
M&I Resources (Au Koz)
Inferred Resources (Au Koz)
Low Finding Cost Per Ounce
247
311
$53.0
$34.7
2012
2013
P&P Reserves Discovered (Koz Au)
P&P Discovery Cost(US$/oz Au)
(M&I Resources Include Mineral Reserves)
See slides 26
16. TSX P I NYSE PPP I 16
BLACK FOXEstablished Jurisdiction with Proven Depth Potential
Over 200 Million Ounces of Historical Production
Note: Based on public data, average depth of listed mines is 1,633 metres.
17. TSX P I NYSE PPP I 17
Location
Mine Type
Ownership
Timmins, Ontario
Open-Pit & Underground, Gold
100% (8% gold stream)15
Proven & Probable Gold Reserves (koz) (3.8M tonnesat 4.3 g/t)
538
Measured & Indicated Gold Resources (koz) (Inclusive of Reserves) (4.0M tonnesat 5.1 g/t)
653
Inferred Gold Resources (koz) (0.7M tonnesat 7.6 g/t)
168
2014E Production (k AuEqoz)
65-75
2014E Cash Costs3($/AuEqoz)
$850-$900
-
200
400
600
800
1,000
1,200
1,400
1,600
-
5,000
10,000
15,000
20,000
25,000
30,000
Q1 2013
Q2 2013
Q3 2013
Q4 2013
Q1 2014
Q2 2014
Q3 2014
Production (oz)
Cash Costs ($/oz)
See final slide for footnotes.
Black Fox Quarterly Production
Primero Acquisition
o
2014 total Capex and Exploration budget of $54.5 million
o
Positive exploration drilling results to date
o
Short term focus on underground development, definition and delineation drilling to increase underground throughput
o
Optimization plan in place to improve operational processes and reduce costs
BLACK FOXTurnaround Opportunity to Create Value
18. TSX P I NYSE PPP I 18
BLACK FOXFocused on Reserve & Resource Development
Lateral & Depth Expansion
19. TSX P I NYSE PPP I 19
o2014:
$10.0 million program, 76,400 metres of definition and delineation drilling
45,000 metres of exploration drilled to date
Complete Phase 3 metallurgical study
Explore between Black Fox and Grey Fox
oPositive Exploration Results to date from underground and open pit targets
Location
Ownership
4 km from Black Fox, Ontario
100%(nostream)
Measured & Indicated Gold Resources (koz) (5.3M tonnesat 3.3 g/t)
558
Inferred Gold Resources (koz) (1.6M tonnesat 4.4 g/t)
219
GREY FOXPromising Exploration Project
Grey Fox Exploration Results
Grey Fox
20. TSX P I NYSE PPP I 20
LocationGuanajuato, Mexico
Ownership100%
Proven & Probable Gold Reserves (koz) (32M tonnesat 0.69 g/t)
710
Measured & Indicated Gold Resources (koz) (Exclusive of Reserves) (47.9M tonnesat 0.60 g/t)
920
Inferred Gold Resources (koz) (20M tonnesat 0.3 g/t)
190
Estimated Production11(k AuEqoz)
~95
Estimated Cash Costs3($/AuEqoz)
~$700
See final slide for footnotes.
Promising Exploration Results
o
2014 Program:
$11 million budget includes drilling, land purchases and metallurgical testing
o
Focused on:
Completing 2014 exploration drilling (2,500 m)
Optimizing metallurgical results
Revising feasibility study
o
Potential construction decision in Q1 2015 based on achieving a 15% IRR at $1,100/ozgold
CERRO DEL GALLOPotential Medium-Term Production
Large Gold Domain
21. TSX P I NYSE PPP I 21
Investment Highlights
Producing in America’s Top Mining Jurisdictions
Experienced Board and Management
Strong Financial Position
Established Growth Profile from Assets in Production
Track Record of Delivering on Stakeholder Commitments
GROWTHIN 3 YEARS12
145 %
DEBT/TOTAL CAP.7
12 %
220koz–240koz
CANADA & MEXICO
+200 years
INDUSTRY EXPERIENCE
46 %
3 YR RETURN
23. TSX P I NYSE PPP I 23
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
25%
75%
Silver
Gold
SAN DIMAS
Silver Purchase Agreement
BLACK FOX
Gold Streaming Agreement
Primero sells 8% of annual gold production at Black Fox at ~$509 per ounce
o
Primero streams 6.3% from the Black Fox Extension which includes the Pike River Property
oGold is sold at $500 per ounce subject to inflationary adjustment beginning in 2013, not to exceed 2% per annum
oThe Grey Fox exploration property is not subject to any gold streaming agreements
Silver as Percentage of 2013E Revenue
See final slide for footnotes.
24. TSX P I NYSE PPP I 24
SAN DIMASDistrict-Wide Exploration Potential
SW
NE
3,000 m.
2,000 m.
1,000 m.
Source: San Dimas Geology Office
WEST BLOCK
2014 Exploration
SAN ANTONIO Mined 1987-2002
CENTRAL BLOCK
Mined 2002-Current
TAYOLTITA BLOCK
Mined 1975-Current
ARANA
HANGING WALL
SINALOA GRABEN
Mined 2012-Current
2014 EXPLORATION PROGRAM
Drilling for Extensions of Known Veins
Longitudinal Cross Section
3,000 m.
2,000 m.
1,000 m.
Mineralization –Ore Bodies
Extension of the Favorable Horizon
Potential
Intrusive
Faults
LEGEND
Kilometers
0
1
2
25. TSX P I NYSE PPP I 25
Focus on Responsible Mining
HEALTH AND SAFETY
o
We understand that our most important assets are our people and their safety is our number one priority
o
We maintain world-class health and safety policies
ENVIRONMENT
o
San Dimas is certified as “Clean Industry” by PROFEPA (Mexican EPA)
o
We utilize sustainable green technologies where possible -Primero’sown hydroelectric dam supplies the majority of San Dimas Mine’s power
COMMUNITY
o
We treat our local communities as our partners
o
We focus on understanding our local communities goals and providing local opportunities
o
We promote local education with awards for the local technical college in San Dimas
26. TSX P I NYSE PPP I 26
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 pricesassumed 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, Primero and 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 AuEq cutoff 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 tonnesat 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)
27. TSX P I NYSE PPP I 27
Category
M Tonnes
Au
(g/t)
Au
(M ozs)
Ag
(g/t)
Ag
(M ozs)
Cu
(%)
Cu
(M lbs)
Au Eq
(g/t)
AuEq
(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
(g/t)
Au
(M ozs)
Ag
(g/t)
Ag
(M ozs)
Cu
(%)
Cu
(M lbs)
Au Eq
(g/t)
AuEq
(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
(g/t)
Au
(M ozs)
Ag
(g/t)
Ag
(M ozs)
Cu
(%)
Cu
(M lbs)
Au Eq
(g/t)
AuEq
(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
28. TSX P I NYSE PPP I 28
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
29. TSX P I NYSE PPP I 29
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
Total Indicated Resources
5.276
3.3
557,655
Inferred Resources
>3.0
Underground
1.065
5.1
175,511
>0.9
Open Pit
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
30. TSX P I NYSE PPP I 30
Executive Management
Tamara Brown | VP, Investor Relations
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 HudBayMinerals Inc.; Chief Counsel Canada, Chief Privacy Officer - Canada of AT&T
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
Louis Toner | VP, Project Development and Construction
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
Over 35 Years of mining experience
Former VP, Vice-President, Operations & Social Responsibility at South American Silver
13 Years of experience in Latin America
Gabriel Voicu | VP, Geology and Exploration
25 Years of mining experience, formerly held senior technical and exploration positions with Cambior and IAMGOLD
Wendy Kaufman| Chief Financial Officer
20 Years of experience
Appointed CFO in September 2014
Former VP, Finance and Treasure of InmetMining Corporation
Joseph Conway | President and CEO
30 Years of experience
Appointed President and CEO in June 2010
Former CEO, President & Director of IAMGOLD and RepadreCapital
31. TSX P I NYSE PPP I 31
Board of Directors
Board Committees:
1. Corporate Responsibility 2. Human Resources 3. Governance and Nominating 4. Lead Director 5. Audit
David Demers | Director 2, 3, 4, 5
o
Founder, CEO and Director Westport Innovations
o
Director of Cummins Westport and Juniper Engines
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
Michael Riley | Director 2, 5
o
Chartered accountant with more than 26 years of accounting experience
o
Chair of Primero Audit Committee
Brad Marchant | Director 1
o
Co-founder of Triton Mining Corporation
o
Founder of BioteQ Environmental Technologies Inc.
o
CEO, EnterraFeed Corporation
Rohan Hazelton | Director 1
o
VP, Strategy, Goldcorp
o
Formerly with Wheaton River and Deloitte & Touche LLP
Robert Quartermain | Director 2, 3
o
Founder and President & CEO, Pretivm Resources
o
Former President and CEO of Silver Standard
Wade Nesmith |Chairman
o
Founder of Primero
o
Founding and current director of Silver Wheaton
Eduardo Luna | Director 1
o
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
Joseph Conway | Director
see Executive Management
32. TSX P I NYSE PPP I 32
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
33. TSX P I NYSE PPP I 33
1.
“Gold equivalent ounces” include silver production converted to a gold equivalent based on consensus estimated commodity prices; accounts for the San Dimas silver purchase agreement.
2.
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 $4.16 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 producedatSan 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.
3.
Cash costs and All-in Sustaining Costs are non-GAAP measures. Refer to the Company’s third 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 donot include corporate G&A.
4.
Based on 365 days per year.
5.
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 withGAAP. Refer to the Company’s third quarter 2014 MD&A for a reconciliation of adjusted net income/earnings to reported net income.
6.
“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 third quarter 2014 MD&A for a reconciliation of operating cash flows to GAAP.
7.
$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. Excludes capital leases.
8.
The Company closed a $75 million line of credit on May 23, 2014 and has drawn down $30 million as of September 30, 2014.
9.
During the nine months ended September 30 2014, the Company issued 41,340,347 common shares as consideration for the acquisitionof Brigus, 1,919,744 common shares upon the exercise of stock options; and 1,000,000 common shares pursuant to a flow through agreement.
10.
Fully diluted shares include 20.8 million warrants with an exercise price of Cdn$8.00 per share, expiring on July 20, 2015; and 9.5 million options with an average exercise price of Cdn$6.26.
11.
Assumes that Cerro Del Gallo begins production mid-2016, with half a year of production in 2016 of 50,000 AuEq. Oz and a full year production estimated at 95,000AuEq. ozin 2017.
12.
Based on 2013 actual production, 2014 guidance and projected 2015 estimated production.
13.
Major assumptions include a flat gold price per ounce of $1,300, a flat silver price per ounce of $22.
14.
The Company currently estimates that expanding the San Dimas mill to 3,000 TPD will require approximately $26.4 million of capital investment, with approximately $6 million expenditure expected in 2014 and the remainder spread over the following eighteen months. As a result of the preliminary nature of the capital assessment a contingency factor of 30% has been included in the capital estimate.
15.
Black Fox is subject to a gold purchase agreement under which Sandstorm is entitled to 8% of production at the Black Fox mine and 6.3% at the Black Fox Extension.
Footnotes