- Primero reported strong results for Q1 2013, with record production and earnings, and strengthened its balance sheet.
- The presentation outlines Primero's growth strategy, including expanding the San Dimas mine and acquiring Cerro del Gallo.
- The Cerro del Gallo acquisition would diversify Primero's production profile and significantly increase its reserves and resources.
- The document reports on Primero Mining Corp's third quarter 2013 results, highlighting record gold and silver production and low cash costs. Production and financial guidance for 2013 was increased. Exploration success continued with four new high-grade veins discovered at the San Dimas mine. The expansion of the San Dimas mine to 2,500 tonnes per day remains on track for Q1 2014.
- 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.
- The corporate update provides an overview of Primero's operations and growth plans. It discusses the San Dimas mine, the pending acquisition of the Cerro Del Gallo project, and the company's strategy to increase production to 400,000-500,000 ounces per year through its existing assets and growth opportunities.
- Financial results for Q1 2013 showed increased production and cash flow compared to Q1 2012. The balance sheet contained $141 million in cash as of March 31, 2013.
- Details were given on plans to expand the San Dimas mine to 2,500 tonnes per day by Q1 2014 and exploration activities aimed at further resource growth. The Cerro Del Gallo acquisition is expected to close
- Primero acquired the San Dimas gold-silver mine in Mexico which has produced over 30 million ounces of silver and 1.6 million ounces of gold historically.
- The mine has an estimated 5 year average production of 157,000 gold equivalent ounces at a cash cost of $337 per ounce and significant exploration potential.
- Primero has implemented optimization initiatives at San Dimas including a new dry tailings system, improved power infrastructure, and increased mining rates to improve production and reduce costs.
Primero Mining Corporation owns and operates the San Dimas gold-silver mine in Mexico. The document discusses Primero's strategy to optimize operations at San Dimas, expand resources through exploration, and pursue growth through potential acquisitions in Latin America to become a leading mid-tier gold producer. Recent exploration success has already replaced the estimated 2010 gold production at San Dimas and identified a multi-million ounce resource potential in the Sinaloa Graben area.
Primero corporate presentation march 2014 v2primero_mining
- Primero provides a corporate update for March 2014 including cautionary statements about forward-looking information and use of terms like measured, indicated, and inferred resources.
- It discusses the company's investment opportunity as a mid-tier gold producer with a portfolio of long-life, high-grade assets located in safe jurisdictions and plans for significant growth.
- Primero focuses on maintaining a strong balance sheet, measured growth, disciplined cost management, and operating in low-risk jurisdictions.
- Detour Gold is Canada's next intermediate gold producer, with its core asset being the Detour Lake mine in Ontario.
- Commercial production at Detour Lake started in Q1 2013, with gold production guidance of 260,000-320,000 ounces for the year.
- The mine has mineral reserves of 15.6 million ounces of gold and potential for organic growth through exploration and expansion.
2016 Annual General Meeting of ShareholdersNOVAGOLD
This document summarizes the 2016 Annual General Meeting of Shareholders for NovaGold Resources Inc. It provides an agenda for the meeting including remarks from the Vice President & CFO, President & CEO, and Chairman. It also contains cautionary statements regarding forward-looking information and scientific and technical data. The document discusses NovaGold's projects including Donlin Gold in Alaska and Galore Creek in British Columbia and highlights their scale, quality and location in top-rated mining jurisdictions. It outlines NovaGold's achievements in 2015 including permitting progress for Donlin Gold and mine planning for Galore Creek. Goals for 2016 include further advancing Donlin Gold permitting toward a construction decision.
- The document reports on Primero Mining Corp's third quarter 2013 results, highlighting record gold and silver production and low cash costs. Production and financial guidance for 2013 was increased. Exploration success continued with four new high-grade veins discovered at the San Dimas mine. The expansion of the San Dimas mine to 2,500 tonnes per day remains on track for Q1 2014.
- 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.
- The corporate update provides an overview of Primero's operations and growth plans. It discusses the San Dimas mine, the pending acquisition of the Cerro Del Gallo project, and the company's strategy to increase production to 400,000-500,000 ounces per year through its existing assets and growth opportunities.
- Financial results for Q1 2013 showed increased production and cash flow compared to Q1 2012. The balance sheet contained $141 million in cash as of March 31, 2013.
- Details were given on plans to expand the San Dimas mine to 2,500 tonnes per day by Q1 2014 and exploration activities aimed at further resource growth. The Cerro Del Gallo acquisition is expected to close
- Primero acquired the San Dimas gold-silver mine in Mexico which has produced over 30 million ounces of silver and 1.6 million ounces of gold historically.
- The mine has an estimated 5 year average production of 157,000 gold equivalent ounces at a cash cost of $337 per ounce and significant exploration potential.
- Primero has implemented optimization initiatives at San Dimas including a new dry tailings system, improved power infrastructure, and increased mining rates to improve production and reduce costs.
Primero Mining Corporation owns and operates the San Dimas gold-silver mine in Mexico. The document discusses Primero's strategy to optimize operations at San Dimas, expand resources through exploration, and pursue growth through potential acquisitions in Latin America to become a leading mid-tier gold producer. Recent exploration success has already replaced the estimated 2010 gold production at San Dimas and identified a multi-million ounce resource potential in the Sinaloa Graben area.
Primero corporate presentation march 2014 v2primero_mining
- Primero provides a corporate update for March 2014 including cautionary statements about forward-looking information and use of terms like measured, indicated, and inferred resources.
- It discusses the company's investment opportunity as a mid-tier gold producer with a portfolio of long-life, high-grade assets located in safe jurisdictions and plans for significant growth.
- Primero focuses on maintaining a strong balance sheet, measured growth, disciplined cost management, and operating in low-risk jurisdictions.
- Detour Gold is Canada's next intermediate gold producer, with its core asset being the Detour Lake mine in Ontario.
- Commercial production at Detour Lake started in Q1 2013, with gold production guidance of 260,000-320,000 ounces for the year.
- The mine has mineral reserves of 15.6 million ounces of gold and potential for organic growth through exploration and expansion.
2016 Annual General Meeting of ShareholdersNOVAGOLD
This document summarizes the 2016 Annual General Meeting of Shareholders for NovaGold Resources Inc. It provides an agenda for the meeting including remarks from the Vice President & CFO, President & CEO, and Chairman. It also contains cautionary statements regarding forward-looking information and scientific and technical data. The document discusses NovaGold's projects including Donlin Gold in Alaska and Galore Creek in British Columbia and highlights their scale, quality and location in top-rated mining jurisdictions. It outlines NovaGold's achievements in 2015 including permitting progress for Donlin Gold and mine planning for Galore Creek. Goals for 2016 include further advancing Donlin Gold permitting toward a construction decision.
- Purest Silver Publicly Listed Company +90% Revenues from Silver focuses on silver production and exploration in Mexico with over 16 years of success.
- IMPACT operates multiple underground mines and a processing plant, producing over 11 million ounces of silver since 2006. Production is primarily from high grade silver-lead-zinc epithermal veins.
- IMPACT is leveraged to rising silver prices, with its share price historically generating significantly higher returns than silver in bull markets due to high silver production and ounces in the ground.
The document provides an overview and cautionary statements for a presentation at the BMO 2014 Global Metals & Mining Conference held from February 24-26, 2014. It notes that the presentation may contain "forward-looking statements" regarding future events and performance. It cautions readers that factors could cause actual results to differ materially from what is presented. The document also provides definitions and cautions readers on the use and reliability of terms such as "measured resources", "indicated resources", and "inferred resources".
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company. Some key points:
- Detour Gold operates the Detour Lake open pit gold mine in Ontario, Canada, which has proven and probable reserves of 15.6 million ounces of gold.
- Production at Detour Lake started in early 2013 and commercial production was reached in August 2013. The mine is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold aims to grow reserves to over 20 million ounces through exploration and expansion of the Detour Lake mine area. The company sees potential for organic growth from its large land holdings in the region.
- Initial capital costs for Detour Lake were
NOVAGOLD 2016 First Quarter Financials & Project UpdateNOVAGOLD
This document provides a summary of NovaGold Resources Inc.'s first quarter and project update for 2016. It includes an introduction and sections on corporate updates from the President & CEO and CFO on first quarter financials and the 2016 budget. There is also a question and answer session. The document discusses NovaGold's two major projects - Donlin Gold in Alaska and Galore Creek in British Columbia. It provides highlights of first quarter activities including permitting updates, community engagement efforts, and project funding. Financial information is presented on operating performance and cash flow for the first quarter. Donlin Gold is described as one of the largest gold development projects in the world with significant exploration potential.
This document provides information about Detour Gold Corporation and its Detour Lake gold mine in Ontario, Canada. Some key points:
- Detour Lake is Detour Gold's sole asset, a large open-pit gold mine with proven and probable reserves of 15.6 million ounces.
- The mine reached commercial production in August 2013 and is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold plans to increase throughput to over 200,000 tonnes per day by year-end and expand production further through exploration and mine plan optimization.
- The document discusses Detour Gold's progress in 2013 and outlines plans to continue ramping up operations, lower costs, generate free cash
Detour Gold Corporation presents information on its Detour Lake gold mine in Ontario, Canada. Key points include:
- Detour Lake is projected to become a leading intermediate gold producer with average annual production of 657,000 ounces over a 21.5 year mine life.
- Commercial production is targeted for Q3 2013, with gold production guidance of 260,000-320,000 ounces for 2013.
- The mine has 15.6 million ounces of gold reserves at an average grade of 1.03 g/t. Detour Gold plans to grow reserves to over 20 million ounces through exploration and expansion.
- Total cash costs are estimated at $749 per ounce on average over the life of
Sierra Metals Inc. (formerly Dia Bras Exploration Inc.) is Latin America's newest mid-tier precious and base metals producer and offers a strong value proposition to investors based on:
1) Undervalued vs. Peers: Low cash cost producer with strong upside potential for growth.
2) A Solid Financial Position: Strong positive cash flow with $80 million in the treasury and $83 million in earnings during 2012.
3) Diversified Asset Base: Precious and base metals producer with three operating mines in Peru and Mexico.
4) Substantial Reserve Growth: Expanded Reserves 8x in two years; and, 30% annual production growth in 2012.
5) Stable Investment Yield: $10 million annual dividend plus share buyback program.
Golden Star Resources Ltd. aims to transform into a high-grade, low-cost gold producer by expanding production and reducing costs at its projects in Ghana. It plans to achieve this through increasing production from its Wassa Underground and Prestea Underground mines, which are expected to improve the company's production profile, costs, and cash flows. Golden Star also sees exploration upside from increasing reserves and resources at its projects to extend mine lives. The company believes this strategy could help increase its share price over time as it transforms into a lower-cost, African-focused mid-tier gold producer.
Western Copper and Gold Corporation is developing the Casino copper-gold mine in Yukon, Canada. The Casino project has proven and probable reserves of 4.5 billion pounds of copper and 8.9 million ounces of gold. The project's 2013 feasibility study estimated an after-tax NPV of $1.27 billion and IRR of 17.2% based on long-term metal prices. Western Copper is working to secure project financing in 2016-2017 and begin construction in 2017-2018 with the goal of starting production around 2020.
- The presentation provides an overview of AuRico Metals Inc., a Canadian development and royalty company. It highlights AuRico's strong balance sheet, advanced Kemess project, and high-quality royalty portfolio that includes producing royalties on the Young-Davidson, Fosterville, Hemlo, and Eagle River mines.
- AuRico's Kemess project has received environmental approval and benefits agreements, and feasibility studies show positive economics. The royalty portfolio generated estimated 2017 revenues of $12.7-13.9 million and includes long-life assets. Management has a track record of adding value through development and acquisitions.
This document is a June 2017 corporate presentation from SSRI that provides cautionary notes about forward-looking statements in the presentation. It notes the risks and uncertainties involved in forward-looking production estimates, cost projections, development plans, and economic assessments. These risks include uncertainty in mineral reserves, permitting, commodity prices, currency fluctuations, financing, and other economic, regulatory, and operational factors. The document also lists the qualified persons who reviewed and approved the scientific and technical data presented.
The document provides an overview of the Kemess Project located in British Columbia, Canada. It discusses the positive economics shown in the feasibility study for the Kemess Underground Project, including over 12 million ounces of gold equivalent resources across all categories. It also highlights the Preliminary Economic Assessment results for the Kemess East Project and plans for an integrated feasibility study in 2018. The document outlines AuRico Metal's management team and technical experts for the Kemess Project and provides an overview of the company's royalty portfolio which is projected to generate $12.7-13.9 million in revenue in 2017.
- The document discusses Guyana Goldfields Inc., a gold mining company operating in Guyana, South America.
- It provides highlights from 2016 including gold production exceeding guidance at 156,000 ounces and average realized gold price of $1,245 per ounce.
- 2017 production guidance is provided between 160,000 to 180,000 ounces of gold at a cost of $800 to $850 per ounce.
- Upcoming catalysts for the company include a mill expansion study in January 2017 and exploration program targeting reserve/resource growth within trucking distance of the existing mine.
Primero corporate presentation may 2014 merrill lynch conferencev2primero_mining
This document provides an overview of Primero Mining Corp., a mid-tier gold producer with assets located in safe mining jurisdictions. It discusses Primero's flagship San Dimas mine in Mexico, which has a long history of production. The document outlines Primero's growth strategy, which includes expanding production at San Dimas and developing its Black Fox and Cerro del Gallo projects. It also notes Primero's strong financial position, with $86 million in cash reserves and $113 million in total liquidity as of May 2014.
Seabridge Gold presented information on its KSM project in Canada. KSM is one of the largest undeveloped gold and copper projects in the world, with over 44 million ounces of gold reserves and over 10 billion pounds of copper. A preliminary feasibility study showed strong economics for the project, with an after-tax NPV of $4.5 billion and 11.5% IRR using $1,330 gold price. Seabridge has a very low valuation of only $9 per ounce of gold reserves and has undertaken extensive consultation with local First Nations and regulators to advance the KSM project through environmental assessment and permitting.
Seabridge Gold owns several gold and copper development projects in Canada, including its flagship KSM project. KSM has over 44 million ounces of gold reserves and over 10 billion pounds of copper reserves, ranking it as one of the largest undeveloped gold and copper projects worldwide. Seabridge has a low valuation of $9 per ounce of gold reserves and has maintained low shareholder dilution over time as its resources have grown substantially. The company's projects are located in mining-friendly Canada and have potential for further exploration success and resource growth.
The document summarizes Rubicon Minerals Corporation, a gold exploration company with properties in Red Lake, Ontario. It introduces the new leadership team and provides an investment thesis of high-grade gold exploration potential. It also summarizes the exploration plans and goals to better understand the F2 Gold Deposit geology over the next 18-24 months to potentially increase resources through drilling and analysis.
The document discusses Goldquest Corp's Romero gold-copper project in the Dominican Republic. It highlights results from a 2016 pre-feasibility study that showed the project has an after-tax NPV of $203 million and IRR of 28% at $1,300/oz gold price. The study outlined probable mineral reserves of 7 million tonnes grading 3.72 g/t gold and 0.88% copper containing 1.12 million ounces of gold equivalent. The project is planned as an underground mine producing over 100,000 ounces of gold equivalent annually at average all-in sustaining costs of $595/oz over a 7 year mine life. Goldquest also discusses exploration potential from the surrounding 50km
El documento habla sobre las tecnologías de la información y la comunicación (TICs). Define las TICs como los elementos y técnicas usadas en el tratamiento y transmisión de información, principalmente de informática, internet y telecomunicaciones. Luego compara diferentes TICs en el pasado y el presente, incluyendo computadoras, teléfonos móviles, pantallas, y calculadoras para mostrar cómo han evolucionado con el tiempo.
This document provides an overview of Storm, including its basic components like topologies, streams, spouts, and bolts. It explains how Storm guarantees message processing through mechanisms like acknowledgements and anchors tuples to ensure messages are reprocessed if failures occur. Key aspects covered include the lifecycle of a tuple as it flows through a topology from a spout to being fully processed, and how Storm uses tuple anchoring and acknowledgements to track processing and handle failures.
SME Business Magazine article: summer 2016Adrian Malpass
The document profiles Adrian Malpass, a business coach and founder of #GlosBiz networking events in Gloucestershire. It describes his background in corporate work that led him to burn out and pursue coaching. As a coach, he focuses on leadership, strategy and emotional intelligence. He founded #GlosBiz in 2010 which now connects over 9,000 businesses and has over 20,000 subscribers through events and social media. Malpass operates the successful #GlosBiz events that provide networking and business opportunities for the Gloucestershire business community.
This presentation provides an overview of Primero Mining Corp., an emerging mid-tier gold producer. Primero owns the San Dimas gold-silver mine in Mexico and is developing the Cerro del Gallo gold-silver-copper project, also in Mexico. The presentation highlights Primero's steady production growth profile, low costs, strong financial position, and expansion opportunities at San Dimas and Cerro del Gallo that are expected to double production to 250,000 gold equivalent ounces by 2016. Primero aims to continue measured growth while maintaining financial strength and operational discipline.
- Purest Silver Publicly Listed Company +90% Revenues from Silver focuses on silver production and exploration in Mexico with over 16 years of success.
- IMPACT operates multiple underground mines and a processing plant, producing over 11 million ounces of silver since 2006. Production is primarily from high grade silver-lead-zinc epithermal veins.
- IMPACT is leveraged to rising silver prices, with its share price historically generating significantly higher returns than silver in bull markets due to high silver production and ounces in the ground.
The document provides an overview and cautionary statements for a presentation at the BMO 2014 Global Metals & Mining Conference held from February 24-26, 2014. It notes that the presentation may contain "forward-looking statements" regarding future events and performance. It cautions readers that factors could cause actual results to differ materially from what is presented. The document also provides definitions and cautions readers on the use and reliability of terms such as "measured resources", "indicated resources", and "inferred resources".
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company. Some key points:
- Detour Gold operates the Detour Lake open pit gold mine in Ontario, Canada, which has proven and probable reserves of 15.6 million ounces of gold.
- Production at Detour Lake started in early 2013 and commercial production was reached in August 2013. The mine is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold aims to grow reserves to over 20 million ounces through exploration and expansion of the Detour Lake mine area. The company sees potential for organic growth from its large land holdings in the region.
- Initial capital costs for Detour Lake were
NOVAGOLD 2016 First Quarter Financials & Project UpdateNOVAGOLD
This document provides a summary of NovaGold Resources Inc.'s first quarter and project update for 2016. It includes an introduction and sections on corporate updates from the President & CEO and CFO on first quarter financials and the 2016 budget. There is also a question and answer session. The document discusses NovaGold's two major projects - Donlin Gold in Alaska and Galore Creek in British Columbia. It provides highlights of first quarter activities including permitting updates, community engagement efforts, and project funding. Financial information is presented on operating performance and cash flow for the first quarter. Donlin Gold is described as one of the largest gold development projects in the world with significant exploration potential.
This document provides information about Detour Gold Corporation and its Detour Lake gold mine in Ontario, Canada. Some key points:
- Detour Lake is Detour Gold's sole asset, a large open-pit gold mine with proven and probable reserves of 15.6 million ounces.
- The mine reached commercial production in August 2013 and is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold plans to increase throughput to over 200,000 tonnes per day by year-end and expand production further through exploration and mine plan optimization.
- The document discusses Detour Gold's progress in 2013 and outlines plans to continue ramping up operations, lower costs, generate free cash
Detour Gold Corporation presents information on its Detour Lake gold mine in Ontario, Canada. Key points include:
- Detour Lake is projected to become a leading intermediate gold producer with average annual production of 657,000 ounces over a 21.5 year mine life.
- Commercial production is targeted for Q3 2013, with gold production guidance of 260,000-320,000 ounces for 2013.
- The mine has 15.6 million ounces of gold reserves at an average grade of 1.03 g/t. Detour Gold plans to grow reserves to over 20 million ounces through exploration and expansion.
- Total cash costs are estimated at $749 per ounce on average over the life of
Sierra Metals Inc. (formerly Dia Bras Exploration Inc.) is Latin America's newest mid-tier precious and base metals producer and offers a strong value proposition to investors based on:
1) Undervalued vs. Peers: Low cash cost producer with strong upside potential for growth.
2) A Solid Financial Position: Strong positive cash flow with $80 million in the treasury and $83 million in earnings during 2012.
3) Diversified Asset Base: Precious and base metals producer with three operating mines in Peru and Mexico.
4) Substantial Reserve Growth: Expanded Reserves 8x in two years; and, 30% annual production growth in 2012.
5) Stable Investment Yield: $10 million annual dividend plus share buyback program.
Golden Star Resources Ltd. aims to transform into a high-grade, low-cost gold producer by expanding production and reducing costs at its projects in Ghana. It plans to achieve this through increasing production from its Wassa Underground and Prestea Underground mines, which are expected to improve the company's production profile, costs, and cash flows. Golden Star also sees exploration upside from increasing reserves and resources at its projects to extend mine lives. The company believes this strategy could help increase its share price over time as it transforms into a lower-cost, African-focused mid-tier gold producer.
Western Copper and Gold Corporation is developing the Casino copper-gold mine in Yukon, Canada. The Casino project has proven and probable reserves of 4.5 billion pounds of copper and 8.9 million ounces of gold. The project's 2013 feasibility study estimated an after-tax NPV of $1.27 billion and IRR of 17.2% based on long-term metal prices. Western Copper is working to secure project financing in 2016-2017 and begin construction in 2017-2018 with the goal of starting production around 2020.
- The presentation provides an overview of AuRico Metals Inc., a Canadian development and royalty company. It highlights AuRico's strong balance sheet, advanced Kemess project, and high-quality royalty portfolio that includes producing royalties on the Young-Davidson, Fosterville, Hemlo, and Eagle River mines.
- AuRico's Kemess project has received environmental approval and benefits agreements, and feasibility studies show positive economics. The royalty portfolio generated estimated 2017 revenues of $12.7-13.9 million and includes long-life assets. Management has a track record of adding value through development and acquisitions.
This document is a June 2017 corporate presentation from SSRI that provides cautionary notes about forward-looking statements in the presentation. It notes the risks and uncertainties involved in forward-looking production estimates, cost projections, development plans, and economic assessments. These risks include uncertainty in mineral reserves, permitting, commodity prices, currency fluctuations, financing, and other economic, regulatory, and operational factors. The document also lists the qualified persons who reviewed and approved the scientific and technical data presented.
The document provides an overview of the Kemess Project located in British Columbia, Canada. It discusses the positive economics shown in the feasibility study for the Kemess Underground Project, including over 12 million ounces of gold equivalent resources across all categories. It also highlights the Preliminary Economic Assessment results for the Kemess East Project and plans for an integrated feasibility study in 2018. The document outlines AuRico Metal's management team and technical experts for the Kemess Project and provides an overview of the company's royalty portfolio which is projected to generate $12.7-13.9 million in revenue in 2017.
- The document discusses Guyana Goldfields Inc., a gold mining company operating in Guyana, South America.
- It provides highlights from 2016 including gold production exceeding guidance at 156,000 ounces and average realized gold price of $1,245 per ounce.
- 2017 production guidance is provided between 160,000 to 180,000 ounces of gold at a cost of $800 to $850 per ounce.
- Upcoming catalysts for the company include a mill expansion study in January 2017 and exploration program targeting reserve/resource growth within trucking distance of the existing mine.
Primero corporate presentation may 2014 merrill lynch conferencev2primero_mining
This document provides an overview of Primero Mining Corp., a mid-tier gold producer with assets located in safe mining jurisdictions. It discusses Primero's flagship San Dimas mine in Mexico, which has a long history of production. The document outlines Primero's growth strategy, which includes expanding production at San Dimas and developing its Black Fox and Cerro del Gallo projects. It also notes Primero's strong financial position, with $86 million in cash reserves and $113 million in total liquidity as of May 2014.
Seabridge Gold presented information on its KSM project in Canada. KSM is one of the largest undeveloped gold and copper projects in the world, with over 44 million ounces of gold reserves and over 10 billion pounds of copper. A preliminary feasibility study showed strong economics for the project, with an after-tax NPV of $4.5 billion and 11.5% IRR using $1,330 gold price. Seabridge has a very low valuation of only $9 per ounce of gold reserves and has undertaken extensive consultation with local First Nations and regulators to advance the KSM project through environmental assessment and permitting.
Seabridge Gold owns several gold and copper development projects in Canada, including its flagship KSM project. KSM has over 44 million ounces of gold reserves and over 10 billion pounds of copper reserves, ranking it as one of the largest undeveloped gold and copper projects worldwide. Seabridge has a low valuation of $9 per ounce of gold reserves and has maintained low shareholder dilution over time as its resources have grown substantially. The company's projects are located in mining-friendly Canada and have potential for further exploration success and resource growth.
The document summarizes Rubicon Minerals Corporation, a gold exploration company with properties in Red Lake, Ontario. It introduces the new leadership team and provides an investment thesis of high-grade gold exploration potential. It also summarizes the exploration plans and goals to better understand the F2 Gold Deposit geology over the next 18-24 months to potentially increase resources through drilling and analysis.
The document discusses Goldquest Corp's Romero gold-copper project in the Dominican Republic. It highlights results from a 2016 pre-feasibility study that showed the project has an after-tax NPV of $203 million and IRR of 28% at $1,300/oz gold price. The study outlined probable mineral reserves of 7 million tonnes grading 3.72 g/t gold and 0.88% copper containing 1.12 million ounces of gold equivalent. The project is planned as an underground mine producing over 100,000 ounces of gold equivalent annually at average all-in sustaining costs of $595/oz over a 7 year mine life. Goldquest also discusses exploration potential from the surrounding 50km
El documento habla sobre las tecnologías de la información y la comunicación (TICs). Define las TICs como los elementos y técnicas usadas en el tratamiento y transmisión de información, principalmente de informática, internet y telecomunicaciones. Luego compara diferentes TICs en el pasado y el presente, incluyendo computadoras, teléfonos móviles, pantallas, y calculadoras para mostrar cómo han evolucionado con el tiempo.
This document provides an overview of Storm, including its basic components like topologies, streams, spouts, and bolts. It explains how Storm guarantees message processing through mechanisms like acknowledgements and anchors tuples to ensure messages are reprocessed if failures occur. Key aspects covered include the lifecycle of a tuple as it flows through a topology from a spout to being fully processed, and how Storm uses tuple anchoring and acknowledgements to track processing and handle failures.
SME Business Magazine article: summer 2016Adrian Malpass
The document profiles Adrian Malpass, a business coach and founder of #GlosBiz networking events in Gloucestershire. It describes his background in corporate work that led him to burn out and pursue coaching. As a coach, he focuses on leadership, strategy and emotional intelligence. He founded #GlosBiz in 2010 which now connects over 9,000 businesses and has over 20,000 subscribers through events and social media. Malpass operates the successful #GlosBiz events that provide networking and business opportunities for the Gloucestershire business community.
This presentation provides an overview of Primero Mining Corp., an emerging mid-tier gold producer. Primero owns the San Dimas gold-silver mine in Mexico and is developing the Cerro del Gallo gold-silver-copper project, also in Mexico. The presentation highlights Primero's steady production growth profile, low costs, strong financial position, and expansion opportunities at San Dimas and Cerro del Gallo that are expected to double production to 250,000 gold equivalent ounces by 2016. Primero aims to continue measured growth while maintaining financial strength and operational discipline.
Dokumen tersebut membahas tentang teknologi komunikasi dan informasi khususnya penggunaan Microsoft Power Point 2007. Terdapat penjelasan mengenai standar kompetensi dan kompetensi dasar, peta konsep, indikator, materi pelajaran membuat tabel, grafik dan diagram organisasi menggunakan Power Point dan kunci jawaban untuk soal uji kompetensi.
1) El documento describe los agentes causantes comunes de neumonía, incluyendo bacterias como Streptococcus pneumoniae y Klebsiella pneumoniae, virus como la influenza, y hongos y parásitos. 2) Explica los métodos de diagnóstico para identificar estos agentes, como tinción, cultivo, y pruebas serológicas. 3) Se enfoca específicamente en Mycoplasma pneumoniae, Chlamydia pneumoniae, y Legionella, detallando sus síntomas, transmisión, tratamiento y prevención.
The document defines a LineChart class that extends the Chart class. The LineChart class constructor calls the parent constructor and draws the chart. The draw method builds a line chart from the series data using an SVG library, appends it to the canvas, and adds statistics for each data point by calling the parent addStats method. The getSerieData static method calculates max and average values for a data series. The class is exported for use in other code.
Dokumen tersebut membahas tentang UU Tambang dan Perburuhan khususnya mengenai Izin Usaha Pertambangan (IUP) yang menggantikan Kuasa Pertambangan, termasuk jenis, syarat permohonan, hak dan kewajiban pemegang IUP, serta berakhirnya IUP.
Launch Event of the GBG Dubai. Google Business Group is a community of business professionals sharing knowledge about Google web technologies for business success.
Monthly event with practical workshops in Google world, digital business tools, digital marketing strategies, and gamification techniques.
MISSION: Helping businesses, sme’s, startups, entrepreneurs and professionals to develop on their transition from a traditional to a digital business.
VISION: BE PART OF THE DIGITAL TRANSITION IN THE ARAB WORLD & MENA REGION
CONNECT - INFORM - INSPIRE
India's first men's lifestyle e-magazine, MensXP, addresses the real life needs of Indian men in a practical, useful & entertaining way.
Addressing to all the real life needs of men ranging from girlfriends to gadgets in a practical, useful and entertaining way, MensXP is India's first men's lifestyle portal.
With daily updates of new articles on issues that men deem relevant and practical such as those relating to Fashion, Dating, Fitness, Entertainment, Work Life, Health, Grooming, Technology etc.
1. Presentasi bisnis Vnet Club mengenalkan komunitas pengguna handphone yang saling memberi keuntungan.
2. Vnet Club menyediakan layanan isi ulang pulsa elektronik, asuransi, program loyalitas dan lainnya melalui SMS.
3. Bisnis Vnet Club didasarkan pada sistem pemasaran viral dengan keuntungan bonus rekrutmen anggota baru.
Dokumen tersebut membahas tentang manajemen tambang khususnya manajemen produksi yang mencakup pengendalian produksi, selective mine, dan pencampuran (blending) untuk memperoleh nilai kalori batubara yang sesuai dengan permintaan pasar. Dibahas pula manajemen pemasaran mulai dari desain strategi, pengembangan program, hingga implementasi dan evaluasi."
- Primero Mining Corp.'s third quarter 2012 report discusses operations at its sole producing property, the San Dimas mine in Mexico.
- Key highlights include gold and silver production of 18,892 ounces and 1.14 million ounces respectively in Q3 2012.
- Cash costs per gold equivalent ounce were $699, while cash costs per gold ounce on a by-product basis were $363.
- Net income was $11.6 million, while adjusted net income was $2.6 million.
- Subsequent events include receiving a tax ruling confirming its Mexican subsidiary's silver sales revenue recognition and announcing a mine expansion project at San Dimas.
This document discusses the purpose and goals of a preliminary research task assignment. The task is meant to familiarize students with cameras and editing programs before filming officially begins. It provides examples of both successful and poor preliminary tasks. The successful task used a variety of shots, clear lighting, and coherent editing. The poor task had very dark lighting, shaky camerawork, disjointed editing between shots, and a lack of different shot types. The document concludes by emphasizing lessons learned, such as using a tripod, paying attention to lighting, facial expressions, shot variety, and continuous editing.
This document outlines key concepts in physical education including skills and techniques, aspects of fitness, training methods, mechanical principles, human anatomy, the nature and purpose of different physical activities, tactics, and creativity. It discusses defining and developing skills through repetition and gradual progression. It also covers fitness components like stamina, speed, strength, and flexibility as well as assessing fitness through testing.
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.
This document provides an overview of Primero Mining Corp., including its assets and growth plans. It summarizes Primero's achievements in 2014, including increasing production by 57% and acquiring the Black Fox mine. It outlines Primero's objectives for 2015, which include further increasing production to 250,000 to 270,000 gold equivalent ounces. The document also highlights Primero's key assets - the San Dimas mine in Mexico and the Black Fox mine in Canada - and discusses its plans to continue expanding the San Dimas mine.
Corporate Presentation - BMO 2015 Global Metals & Mining Conferenceprimero_mining
This document provides an overview of Primero Mining Corp., including its assets and growth strategy. It summarizes Primero's 2014 achievements of increasing production by 57% to a record 225,100 gold equivalent ounces and outlines its 2015 objectives of increasing production by 20% to between 250,000 to 270,000 ounces. It also highlights Primero's key assets - the San Dimas mine in Mexico and the Black Fox mine in Canada - and describes its plans to optimize operations and expand production at San Dimas.
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.
Primero corporate presentation january 2014primero_mining
- Primero Mining Corp. provided a corporate update for January 2014 that included cautionary statements about forward-looking information and summarized key points about the company's growth plans, portfolio of assets, and financial position.
- Key highlights included planned growth to 400,000 gold equivalent ounces by 2016, a diversified production base from long-life, high-grade assets in mining-friendly jurisdictions, and a strong cash position to fund expansion.
- The update also detailed Primero's assets, including its flagship producing mine San Dimas in Mexico and its development project Cerro del Gallo, as well as the assets it would acquire through a merger with Brigus Gold, including the producing Black Fox mine in Canada
This presentation provides information on Primero Mining Corp's assets and growth outlook. It discusses its flagship San Dimas mine in Mexico, which is expected to produce 155,000-165,000 ounces of gold in 2014. It also profiles its Black Fox mine in Canada, which had strong production in 2013 and is targeting 70,000-80,000 ounces in 2014. Additionally, the presentation outlines Primero's Cerro del Gallo project, which could increase the company's production by 60% once in production.
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company focused on its Detour Lake mine in Ontario, Canada. Detour Gold became a gold producer in 2013 after completing construction of its Detour Lake open pit mine, which contains over 15 million ounces of gold reserves. The company aims to become a leading intermediate gold producer through optimizing operations at Detour Lake, pursuing organic growth opportunities on its large land package, and prioritizing shareholder value and safe operations.
Claude Resources Inc. Corporate Presentation - January 25, 2016Marc Lepage, CPIR
This document provides a corporate presentation for Claudius Resources from January 2016. It contains forward-looking statements and cautions that actual results could differ materially from expectations. It also notes differences between Canadian and U.S. standards for reporting resource estimates. The presentation discusses Claudius' Seabee Gold Operation, its strong financial position in 2015, lower costs and higher margins. It highlights increased production from the Santoy Gap zone and the use of Alimak mining at Seabee, with goals of more sustainable grades and ounces going forward.
Claude Resources Inc. held a corporate presentation at the BMO Metals & Mining Conference in 2015. The presentation highlighted the company's strong operating and financial results in 2014, including record gold production and lower unit costs. It also outlined plans for continued production growth and cost reductions in 2015 from its Seabee Gold Operation in Saskatchewan. Key drivers included expanding production from the higher grade Santoy Gap zone and ongoing exploration success extending mineralization. The presentation concluded by emphasizing Claude's track record of delivering profitable gold production and focus on sustaining strong operating margins.
This document summarizes a presentation given at the TD Mining Conference on January 27, 2015 by AuRico Gold Inc. It discusses AuRico Gold's balanced portfolio of North American gold assets, including its flagship Young-Davidson mine in Ontario, Canada. The summary highlights that in 2014 Young-Davidson achieved production growth, lowered costs, and transitioned to positive net free cash flow. AuRico Gold's strategic plan is to further increase production and lower costs at Young-Davidson to generate significant free cash flow over its 20+ year mine life.
- 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.
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.
Sales Desk Presentation - February 2-6, 2015AuRico Gold
- The document is a sales desk presentation from Aurico Gold covering the period from February 2-6, 2015.
- Aurico Gold has built a portfolio of low cost, long life mining assets that is expected to deliver significant production growth and a growing free cash flow profile.
- Their flagship asset is the Young-Davidson mine, one of Canada's largest underground gold mines located in Ontario with over 20 years of mine life remaining.
Primero Corporate Presentation - July 2014primero_mining
- The corporate update document provides an overview of Primero Mining Corp., including its portfolio of mining assets located in safe jurisdictions, production and cost outlook for 2014, and growth plans.
- Primero aims to deliver measured production growth while maintaining a strong balance sheet and prudent debt levels. Key assets include the San Dimas, Black Fox, and Grey Fox projects which have indicated potential for expansion and increased reserves.
- Exploration programs are ongoing across Primero's properties to further unlock value through discovery of additional mineral resources.
Primero corporate presentation may 2014 v2primero_mining
- Primero reported its corporate update for May 2014, which included information on its assets and growth plans.
- The company expects to increase gold production by up to 70% in 2014 compared to 2013, driven by ramp ups at its Black Fox and San Dimas mines.
- Primero has a portfolio of long-life, high-grade assets in stable jurisdictions of Mexico and Canada, including its flagship San Dimas mine and the recently acquired Black Fox mine.
A team with a proven track record of success in Colombia has made another major discovery in the country. The team is well trusted, knowledgeable, and has been successful in discovering and building the largest gold mine in Colombia previously. They have now optioned two projects, Guayabales and San Antonio, located next to an existing multi-million ounce gold mine operated by Aris Mining. The goals for 2023 are to expand and define zones of mineralization at the Guayabales project through drilling programs at several porphyry targets on the property.
A team with a proven track record of success in Colombia has made another major discovery in the country. They have discovered a large copper-gold-silver porphyry system at their Guayabales project through extensive drilling. The discovery, called the Apollo target, remains open for expansion and has remarkable mineral endowment based on initial drilling results. The company will continue drilling other targets on their projects in 2023.
Primero reported its second quarter 2015 operating and financial results. Gold production increased 10% to 54,862 ounces compared to Q2 2014, while silver production increased 44% to 2.15 million ounces. San Dimas continued to exceed expectations with production of 44,128 gold equivalent ounces. Black Fox achieved higher production of 18,362 ounces at lower costs of $762 per ounce. Primero provided production guidance for 2015 of 250,000 to 270,000 gold equivalent ounces at an all-in sustaining cost of $1,050 to $1,150 per ounce.
Primero reported its second quarter 2015 operating and financial results. Gold production increased 10% to 54,862 ounces compared to Q2 2014, while silver production increased 44% to 2.15 million ounces. San Dimas continued to exceed expectations with production of 44,128 gold equivalent ounces. Black Fox achieved higher production of 18,362 ounces at lower costs of $762 per ounce. Primero provided production guidance for 2015 of 250,000 to 270,000 gold equivalent ounces at an all-in sustaining cost of $1,050 to $1,150 per ounce.
RBC Capital Markets 2015 Global Mining & Materials Conferenceprimero_mining
Primero Mining held its 2015 Global Mining & Materials Conference presentation between June 15-17, 2015. The presentation provided an overview of the company's two producing mines (San Dimas in Mexico and Black Fox in Canada), its development project (Cerro del Gallo in Mexico), and exploration properties. It highlighted Primero's strong financial position with $133 million in liquidity as of March 31, 2015, and forecast production growth at San Dimas and Black Fox to increase total attributable gold equivalent production to between 250,000-270,000 ounces in 2015.
RBC Capital Markets 2015 Global Mining & Materials Conferenceprimero_mining
Primero Mining held its 2015 Global Mining & Materials Conference presentation between June 15-17, 2015. The presentation provided an overview of the company's two producing mines (San Dimas in Mexico and Black Fox in Canada), its development project (Cerro del Gallo in Mexico), and exploration properties. It highlighted Primero's strong financial position with $133 million in liquidity and increasing production projected between 2015-2017, growing from 250,000 ounces in 2015 to 300,000 ounces by 2017. The presentation also discussed optimization plans at its existing operations and regional exploration potential.
The document summarizes an upcoming mining expo in Canada and provides information about a mining company. Key points:
- The BIG Event mining expo will take place May 27-28, 2015 in Canada.
- The company has gold and silver mining operations in Mexico and Canada, with production expected to increase up to 20% in 2015.
- It is exploring expansion opportunities at its flagship San Dimas mine in Mexico and Black Fox mine in Canada to further increase production.
The document summarizes an upcoming mining expo in Canada and provides information about a mining company. Key points:
- The BIG Event mining expo will take place May 27-28, 2015 in Canada.
- The company has gold and silver mining operations in Mexico and Canada, with production expected to increase up to 20% in 2015.
- It is exploring expansion opportunities at its flagship San Dimas mine in Mexico and Black Fox mine in Canada to further increase production.
1) Primero is committed to ethical, transparent governance and sustainability in its operations. It has a Corporate Responsibility Committee that oversees health, safety, environment and social matters and reports to the Board of Directors.
2) In 2014, the Committee reviewed Primero's materiality assessment process for sustainability reporting and ongoing policy implementation related to health and safety, environment and corporate social responsibility.
3) Primero respects human rights and ensures no discrimination or violations of indigenous peoples' rights at its mines. All workers have freedom of association and collective bargaining rights.
- Primero reported strong first quarter 2015 results, with revenue increasing 52% over Q1 2014 to $73.3 million and gold equivalent production up 54% to 61,073 ounces.
- Production is expected to increase up to 20% in 2015 through the expansion of San Dimas mill to 3,000 tpd and productivity improvements at both San Dimas and Black Fox mines.
- The company has a strong financial position with $133 million in liquidity and an attractive portfolio of assets in Mexico and Canada.
- The document discusses Primero Mining Corporation's corporate update for April 2015, including production and cost guidance for 2015.
- Primero has high-grade gold production from its Black Fox and San Dimas mines, with an organic growth plan to increase production to 250,000-270,000 gold equivalent ounces in 2015.
- At San Dimas, Primero plans to expand mining capacity to 3,000 tonnes per day to access new high-grade veins and reduce costs further.
- The document discusses Primero Mining Corporation's corporate update for April 2015, including production and cost guidance for 2015.
- Primero has high-grade gold production from its Black Fox and San Dimas mines, with an organic growth plan to increase production to 250,000-270,000 gold equivalent ounces in 2015.
- At San Dimas, Primero plans to expand mining capacity to 3,000 tonnes per day to access new high-grade veins and reduce costs further.
This document provides an overview of Primero Mining Corp.'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.
Primero reported third quarter 2014 results, with gold equivalent production of 59,673 ounces and revenues of $75.5 million, up 42% and 40% respectively from Q3 2013. Production and costs were in line with guidance for the quarter. The company also announced an expansion of its San Dimas mine to increase throughput to 3,000 TPD. For the full year 2014, Primero expects gold equivalent production of 220,000-240,000 ounces and all-in sustaining costs of $1,175-$1,225 per ounce.
This document contains geological maps and diagrams of the San Dimas mining district, along with production data and exploration plans. It discusses the district's geology, describes various ore bodies and veins, and shows longitudinal sections and drilling plans to expand mining into new areas. Graphs show historical gold production and grades. The exploration plans involve drilling over 2,000 meters in 2014 and 2015 to test extensions of favorable horizons and expand resources.
2. This presentation may contain “forward-looking” statements within the meaning of Canadian securities legislation and the United States
Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or the anticipated performance of the
Company and reflect management’s expectations or beliefs regarding such future events and anticipated performance. In certain cases,
forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”,
”estimates”, ”forecasts”, ”intends”, ”anticipates” or “believes”, or variations of such words and phrases or statements that certain actions,
events or results “may”, ”could”, “would”, ”might”, or “will be taken”, “occur” or “be achieved”, or the negative of these words or
comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or implied
by the forward-looking statements. Such factors include various risks related to the Company’s operations, including, without limitation,
fluctuations in spot and forward markets for gold, silver and other metals, fluctuations in currency markets, changes in national and local
governments in Mexico and the speculative nature of mineral exploration and development, risks associated with obtaining necessary
exploitation and environmental licenses and permits, and the presence of laws that may impose restrictions on mining. A complete list of
risk factors are described in the Company’s annual information form and will be detailed from time to time in the Company’s continuous
disclosure, all of which are, or will be available, for review on SEDAR at www.sedar.com.
This presentation uses the terms “measured resources”, “indicated resources” and “inferred resources”. The Company advises readers that
although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for
Mineral Projects (“NI43-101”)), the United States Securities and Exchange Commission does not recognize them. Readers are cautioned not
to assume that any part or all of the mineral deposits in these categories will ever be converted in to reserves. In addition, “inferred
resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any
part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral
resources may not form the basis of feasibility or pre-feasibility studies, or economic studies, except for a Preliminary Assessment as defined
under NI43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that
described in forward-looking statements, there may be other factors that cause its performance not to be as anticipated. The Company
neither intends nor assumes any obligation to update these forward-looking statements or information to reflect changes in assumptions or
circumstances other than required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate,
as actual results and future events could differ materially from those currently anticipated. Accordingly, readers should not place undue
reliance on forward-looking statements.
Unless otherwise indicated, all dollar values herein are in US$.
Cautionary Statement
2
3. Joseph F. Conway
President & Chief Executive Officer
Renaud Adams
Chief Operating Officer
David Blaiklock
Chief Financial Officer
Management Participants
3
4. Strong Start to 2013
o Record Production Continues
o Strong Earnings and Cash Flow
o Balance Sheet Strengthened
o Expected Higher Annual Silver Sales at Spot Prices
o Increased Reserves and Resources
o San Dimas Expansion On-Track
o Cerro Shareholders Approve Proposed Transaction
o Awarded ESR Distinction
4
5. Primero Operating Results
Q1 2013 Q1 2012
Mill Throughput
7
(tonnes per day)
2,042 1,962
Gold equivalent production
8
(gold equivalent ounces)
27,656 25,790
Gold production
(ounces)
24,190 22,590
Silver production
(million ounces)
1.37 1.32
Gold grade
(grams per tonne)
4.20 4.05
Silver grade
(grams per tonne)
242 242
Cash cost
9
($ per AuEq ounce)
$719 $674
Cash cost
9
– by-product
($ per gold ounce)
$589 $532
Capital Expenditures
($ million)
$8.7 $7.9
24,500
25,000
25,500
26,000
26,500
27,000
27,500
28,000
Q1 2012 Q1 2013
Production
(AuEq ounces)
Gold Grade
(grams per tonne)
3.00
3.50
4.00
4.50
Q1 2012 Q1 2013
+7%
+4%
5See slide 25 for footnotes.
6. Primero Financial Results
(US$ thousands, except per share
amounts)
Q1 2013 Q1 2012
Revenues 46,321 44,044
Income from Mine Operations 15,706 18,662
Net income 17,325 30,143
EPS
($ per share)
0.18 0.34
Adjusted net income
10
9,415 18,780
Adjusted EPS
($ per share)
10
0.10 0.21
Operating cash flows
before changes in working capital
19,309 20,944
CFPS
($ per share)
0.20 0.24
6See slide 25 for footnotes.
$42
$43
$44
$45
$46
$47
Q1 2012 Q1 2013
Revenue
($ millions)
+5%
7. $141M Balance Sheet
March 31, 2013
Cash
Promissory note3
$141 million
$32 million
Ownership
Goldcorp
Management & insiders
Institutional & float
32%
~2%
~66%
Capital Structure
March 31, 2013
Shares outstanding
Fully Diluted4
Market Cap.
97 million
126 million
~C$660 million
Strong Cash Balance
$120M2
Significant Operating Cash Flow
Conservative Level of Debt
$5M Repayment
per year 3
Primero Capital Structure
See slide 25 for footnotes. 7
8. Building Primero Value
GOAL
400,000 to 500,000 ounces per year
Americas low-risk regions only
Pipeline of growth projects
Leader in per share growth
8
9. Building the Primero Pipeline
PRODUCTION
San Dimas
Platform
CONSTRUCTION
San Dimas
2,500 TPD
DEVELOPMENT
Cerro Del
Gallo
POTENTIAL EXPANSION
San Dimas
3,000 TPD
9
2010-present Q1 2014 2015
10. 110
130
165
205
2012A 2013E 2014E 2015E
Primero Cerro Del GalloSan Dimas Cerro Del Gallo
Estimated Production Profile5,6
(Attributable 000 AuEq ounces)
6
Primero Growth Profile
See slide 25 for footnotes. 10
250
at 3,000 TPD
11. SAN DIMAS
A Flagship Asset
Location Durango-Sinaloa State Border
Ownership 100%
Metals Gold & Silver
Mining Underground cut and fill and long-hole
DISTRICT PRODUCED 11M OUNCES OF GOLD AND 600M OUNCES OF SILVER
One of Mexico’s Most
Significant Precious
Metals Deposits
See Slide 25 for footnotes. 11
Guidance 2013E
Gold equivalent production
8
(gold equivalent ounces)
120,000-130,000
Gold production
(ounces)
90,000-100,000
Silver production
11
(million ounces)
6.0-6.5
Silver sales at spot
11
(ounces)
900,000-1,000,000
Cash cost
9
($ per gold equivalent ounce)
$620-640
Cash cost
9
– by-product
($ per gold ounce)
$280-300
Capital Expenditures ($ million) $42
Exploration ($ million) $15
12. -
200
400
600
800
31-Dec-11 31-Dec-12
Increasing Reserves and Resources and Focusing on Controlling Dilution
12
Gold Reserves
(Thousand Ounces)
Indicated Gold Resources
(Thousand Ounces)
GOLD RESERVES & RESOURCES
(Dec. 31, 2012, Mineral Resources include Mineral Reserves)
0.7M 4.5
oz Gold Reserves grams per tonne grade
0.8M 6.5
oz Indicated Gold Resources grams per tonne grade
SILVER RESERVES & RESOURCES11
(Dec. 31, 2012, Mineral Resources include Mineral Reserves)
39M 267
oz Silver Reserves grams per tonne grade
47M 389oz Indicated Silver Resources grams per tonne grade
SAN DIMAS
Rich History of Reserve Replacement
-
200
400
600
800
31-Dec-11 31-Dec-12
+31%
+35%
See Slide 25 for footnotes.
13. SAN DIMAS
Expansion to 2,500 TPD12
Total capital expenditure of ~$16.5 million
Expand milling capacity to 2,500 TPD
o Install third ball mill, already on-site
o Reconfigure crushers
o Install new tailings thickener and pumps
Expand mine throughput
o Develop Sinaloa Graben veins
o Connect Central Block to Sinaloa Graben
o New mining method
Future expansion to 3,000 TPD possible
o Dependent on exploration success
o Minimal capital and disruption to operation
Mill Expansion on-track for:
2,500 TPD
CAPACITY IN Q1 2014
ATTRACTIVE IRR AND PAYBACK PERIOD
See Slide 25 for footnotes. 13
14. TAYOLTITA MINE
Mined 1975 - 2002
CENTRAL BLOCK MINE
Mined 2002 - Present
SAN ANTONIO MINE
Mined 1987 - 2002
Tayoltita
Mill
Tunnels
2013 Planned Tunnels
Future Planned Tunnels
Veins
Faults
Ag-Au High Grade Trend
Targets
Mines
Over 120 known veins
CENTRAL
BLOCK
TAYOLTITA
BLOCK
SINALOA
GRABEN
BLOCK
WEST
BLOCK
ARANA
HANGING
WALL
Target
Target
SAN DIMAS
Large 22,500 Hectare Land Package
14
15. Development
o 6,500 metres capitalized
development drifting
o Tunnels joining Sinaloa Graben and
Central Block being completed
o Lower level tunnel commenced,
expected to be completed in 18-24
months
Exploration
o $15.4 million exploration program
o 40,000 metres delineation drilling
o 34,000 metres exploration drilling,
plus 3,800 metres of exploration
drifting
o New district exploration program
initiated
SAN DIMAS
2013: Focused Exploration & Development
Targeting Vein Extensions from Existing Mines
15
0 1 2 km
16. Located in Prolific Central Corridor
o Discovered in Q1 2012, included in 2012
year-end Reserves
o Mining access within 12 months of discovery
Strategic Underground Drill Locations
o Drilling from old El Pilar workings, Sinaloa Graben
tunnel and east-west drift from Robertita
SAN DIMAS
2012 Discoveries in 2013 Mine Plan
Significant Opportunity Close to Infrastructure
16
18. o Creates a diversified, high growth, competitive cost producer in Mexico with further
consolidation opportunities
o Strengthens growth profile and cash flows with estimated production of approximately 260,000
Au Eq. ounces by 201614
o Combined attributable proven and probable reserves of approximately 1.7 million Au Eq. ounces
and measured and indicated resources of 3.1 million Au Eq. ounces14
o Strong balance sheet with cash flow sufficient to fund development growth
PRIMERO AND CERRO DEL GALLO
A New Americas Gold Play
18
0.8 0.9
1.2
1.0
2.3
P+P M+I Inferred
Cerro Del Gallo Primero
New Primero Attributable Gold Equivalent Reserves and Resources1,13,14,15
See Slide 25 for footnotes.
19. CERRO DEL GALLO
A Revaluation Opportunity
Transaction Details
o Cerro shareholders to receive 0.023 of a Primero share for each Cerro share and 80.01% in “Spinco”
o Transaction value of $125 million as at announcement date December 12, 2012
o Cerro Resources NL shareholder approval meeting April 30, 2013, transaction expected to close in
May 2013
Benefits to Cerro Resources Shareholders
o Attractive premium (77% premium to the spot closing price on day prior to announcement)
o Significantly improved market presence and liquidity
o Valuation re-rating opportunity as the combination diversifies production and cash flows
Benefits to Primero Shareholders
o Accretive to Primero on key metrics
o Leverages Primero’s regional expertise and solidifies position in Mexico, with further consolidation
opportunities
o Diversifies near term production with additional 95,000 AuEq. oz per year
o Doubles Reserves and Triples Measured and Indicated Resources6
o Valuation re-rating opportunity as the combination diversifies production and cash flows
19See Slide 25 for footnotes.
20. o Open pit, heap leach gold-silver-
copper project
o Large resource base relative to
reserves
o Excellent local infrastructure in a
region known to actively support
mining
o Two phased development plan 13
o Phase I heap leach facility with SART metallurgical processing to recover silver and
copper
o Commercial Production of Phase I expected in 2015
o Potential future Phase II incorporates Carbon In Leach (CIL) and presents optimization
opportunity13
CERRO DEL GALLO
~95,000 AuEq oz per year starting 201513
Technical Overview
See Slide 25 for footnotes. 20
21. Measured & Indicated Resources of 3.2Moz of Gold or 5.6Moz of Gold Equivalent 13,14,15
See Slide 25 for footnotes.
CERRO DEL GALLO
Large Gold Domain
21
22. Early stage regional prospecting
previously returned16:
o 1.5m @ 590g/t Ag and 3.40g/t Au
o 4.6m @ 428g/t Ag and 3.52g/t Au
o 3.6m @ 359g/t Ag and 1.57g/t Au
o 4.6m @ 239g/t Ag and 1.91g/t Au
o 6.0m @ 243g/t Ag and 1.70g/t Au
o 3.1m @ 200g/t Ag and 1.05g/t Au
o 7.6m @ 168g/t Ag and 1.51g/t Au
Potential Exploration Targets
CERRO DEL GALLO
Exploration Upside Potential
22See Slide 25 for footnotes.
23. 23
2013 2014 2015
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Detailed
Engineering
Geotechnical
Permitting/Land
Acquisition
Earth Works
Mill Tests
Acid Generation
Tests
SART
Optimization
Plant & Mill
Construction
Production
Commissioning
Commercial
Production
Phase II
Feasibility Study
EstimatedTransactionClosing
CERRO DEL GALLO
Cerro Del Gallo Development Plan
23
24. o San Dimas: A Platform for Cash Generation
o Cerro Del Gallo Acquisition Scheduled to
Close in May 2013
o Cash Flow and Capital to Fund Additional
Growth
o Significant Exploration Potential at San Dimas
and Cerro Del Gallo
o Attractive Valuation on Key Metrics
The Primero Opportunity
19
A Compelling Investment
24
25. Footnotes
1. Assuming proposed acquisition of Cerro Del Gallo closes in May 2013 as expected.
2. Estimated five-year average after-tax operating cash flow based on production profile discussed in the October 15, 2012 News Release
“Primero Announces Expansion of its San Dimas Mine”.
3. Goldcorp: 5 year, 6% note repaid $5M/yr with balloon payment at end of 2015. Principal prepayment equal to 50% of Excess Free Cash
Flow.
4. Fully diluted shares include 20.8 million warrants with an exercise price of Cdn$8 per share, expiring on July 20, 2015; and 7.8 million
options with an average exercise price of Cdn$5.65.
5. “Gold equivalent ounces” include silver and copper production converted to a gold equivalent based on consensus estimated
commodity prices ; accounts for the San Dimas silver purchase agreement; and uses Cerro Resources publically disclosed production
estimates delayed by 12 months.
6. Assumes 100% ownership of Cerro Del Gallo and that it begins production in mid-2015.
7. Based on 365 days per year.
8. “Gold equivalent ounces” include revenue from silver converted to a gold equivalent based on estimated average realized commodity
prices ($1,600 per ounce of gold and $9.41 per ounce of silver in full year 2012, consensus prices thereafter).
9. Cash cost is a non-GAAP measure. Refer to the first quarter 2013 MD&A for a reconciliation of cash costs.
10. Refer to first quarter 2013 MD&A for adjustments.
11. Silver production is subject to a silver purchase agreement. Refer to the first quarter 2013 MD&A for details.
12. See October 15, 2012 News Release “Primero Announces Expansion of its San Dimas Mine” for details.
13. Cerro Resources Phase I Definitive Feasibility Study as of May 2012.
14. As estimated by Cerro Resources using gold, silver and copper price of US$1,341/oz, US$25.58/oz and US$7,582/t (or $3.44/lb)
respectively. See Cerro Resources Phase I Definitive Feasibility Study as of May 2012.
15. See note 7 in January 23, 2012 News Release “ Primero achieves 2012 Guidance and Provides 2013 Outlook.
16. As reported by Cerro Resources in November 16,2012 Investor Presentation:
http://www.cerroresources.com/index.cfm/investor/presentations1/
25
27. Primero sells 50% of annual silver production above 3.5 million ounces at spot
o Remainder sold at ~$4 per ounce under silver purchase agreement
o Threshold commences August 6 to following August 5
o Threshold increases to 6.0 million ounces on August 6, 2014
o Planned expansion anticipated to generate similar silver sales at spot as 2012 post
August 6, 2014
Recent Tax Ruling Created Positive Leverage to Silver
25%
75%
Silver as Percentage of 2013E Revenue
Silver Gold
SAN DIMAS
Positive Leverage to Silver
27
28. Joseph F. Conway | President & C.E.O.1
o Former CEO, President and Director of IAMGOLD
from 2003 to 2010
o Former President, CEO and Director of Repadre
Capital from 1995 to 2003
Renaud Adams | C.O.O.
o Former SVP, American Operations for IAMGOLD
o Former General Manager of Rosebel Gold Mine
2007 to 2010
o Former General Manager El Toqui Mine in Chile
and then the El Mochito Mine in Honduras
David Blaiklock | C.F.O.
o Former controller IntraWest
o Previously controller for a number of public and
private companies in real estate development
David Sandison | VP, Corporate Development
o Former VP, Corporate Development of
Clarity Capital ; Director, Corporate Development
Xstrata Zinc Canada ; Director Business Development,
Noranda/Falconbridge;;Former EVP, Noranda Chile
Gabriel Voicu | VP, Geology and Exploration
o 25 Years of mining experience, formerly held senior
technical and exploration positions with Cambior
and Iamgold
Board Committees: 1.Health, Safety and Environment
Tamara Brown | VP, Investor Relations
o Former Director Investor Relations for IAMGOLD;
Partner of a Toronto based, boutique investment
bank; Professional engineer in mining industry
H. Maura Lendon | VP, Chief General Counsel and
Corporate Secretary
o Former Senior Vice President, Chief Legal Officer
and Corporate Secretary of HudBay Minerals Inc.;
Chief Counsel Canada, Chief Privacy Officer -
Canada of AT&T
Executive Management
28
29. Board of Directors
Board Committees:
1.Health, Safety and Environment
2. Human Resources and Compensation
3. Governance and Nominating
4. Lead Director 5. Audit
Wade Nesmith | Chairman
o Founder of Primero
o Founding and current director
of Silver Wheaton
Joseph Conway | Director1
see Executive Management
David Demers | Director2,3,4,5
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
Rohan Hazelton | Director 1,5
o VP, Strategy, Goldcorp
o Formerly with Wheaton River
and Deloitte & Touche LLP
Timo Jauristo | Director 2
o EVP, Corporate Development,
Goldcorp
o Former CEO of Zincore Metals
Inc. and Southwestern
Resources Corp.
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
Robert Quartermain | Director 2,3
o Founder and President & CEO,
Pretivm Resources
o Former President, Silver Standard
o Director of Vista Gold Corp.
and Canplats Resources
Michael Riley | Director 5
o Chartered accountant with more
than 26 years of accounting
experience
o Chair of Primero Audit Committee,
Chair of Audit Committee of B.C.
Lottery Corporation and member of
the Audit Committee of Canalaska
Uranium Ltd.
29
30. SAN DIMAS
Mineral Resources and Mineral Reserves
(DECEMBER 31, 2012, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
Classification Tonnage
(million tonnes)
Gold Grade (g/t) Silver Grade
(g/ t)
Contained Gold
(000 ounces)
Contained Silver
(000 ounces)
Mineral Reserves
Probable 4.579 4.5 267 660 39,377
Mineral Resources
Indicated 3.748 6.5 389 780 46,877
Inferred 6.144 3.9 327 762 64,637
Notes to Mineral Reserve Statement:
1. Cutoff grade of 2.4 grams per tonne (”g/t”) gold equivalent (“AuEq”) based on total operating cost of US$104.73/t. Metal prices assumed are gold US$1,400
per troy ounce and silver US$25 per troy ounce. Silver supply contract obligations have been referenced in determining overall vein reserve estimate viability.
2. Processing recovery factors for gold and silver of 97% and 94% assumed.
3. Exchange rate assumed is 13 pesos/US$1.00.
4. The Mineral Reserve estimates were prepared by Mr. Herbert A. Smith P.Eng. of AMC Mining Consultants (Canada) Ltd. and a QP for the purposes of National
Instrument 43-101 (“NI 43-101”).
Notes to Mineral Resource Statement:
1. Mineral Resources are total and include those resources converted to Mineral Reserves.
2. A 2.0g/t Au Eq cutoff grade is applied and the AuEq is calculated at a gold price of US$1,625 per troy ounce and a silver price of US$25 per troy ounce.
3. A constant bulk density of 2.7 tonnes/m3 has been used.
4. 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 estimated at 6-10 million tonnes at grade ranges of 3-5 grams per tonne of gold and 200-400 grams per
tonne of silver.
It should be noted that these targets are conceptual in nature. There has been insufficient exploration to define an associated Mineral
Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.
30
31. Phase I Heap Leach
(Source: Cerro Resources Definitive Feasibility Study June 2012)
Heap Leach Grades 0.69 g/t Au, 14.8g/t Ag, 0.08% Cu
Strip Ratio1 0.91
Capital Costs $154 million
Operating Costs2 $514/AuEq.oz
Phase I Life of Mine (LOM) 7.2 years
Phase I Average Annual Production3 94,600 AuEq.oz
Permitting To be completed in 2013
CERRO DEL GALLO
Technical Details
1. 9 million tonnes of ‘fresh’ material expected to be mined during Phase I for processing in Phase II. The material has been treated as ‘waste’ material for
purposes of calculating the Phase I LOM strip ratio.
2. Cash cost is a non-GAAP measure as estimated by Cerro Resources and include costs for mining, processing, metal transport and refining and
administration but do not include capital costs or royalties (4%).
3. Gold equivalent ounces estimated by Cerro Resources include revenue from silver and copper converted to a gold equivalent based three year historic
prices as of Definitive Feasibility Study of June 2012, of Gold $1,341/oz, Silver $25.58/oz and Copper $7,582/tonne.
31
32. Category
M Tonnes Au Au Ag Ag Cu Cu Au Eq AuEq
(g/t) (M ozs) (g/t) (M ozs) (%) (M lbs) (g/t) (M oz)
Proven 28.2 0.71 0.64 15.1 13.7 0.08 50.2 1.15 1.05
Probable 4.0 0.54 0.07 13.2 1.7 0.07 6.2 0.93 0.12
Proven & Probable 32.2 0.69 0.71 14.8 15.3 0.08 56.4 1.14 1.18
Category
M Tonnes Au Au Ag Ag Cu Cu Au Eq AuEq
(g/t) (M ozs) (g/t) (M ozs) (%) (M lbs) (g/t) (M oz)
Measured 39.9 0.61 0.78 13.8 17.71 0.10 88.8 1.07 1.37
Indicated 8.0 0.55 0.14 11.0 2.83 0.08 14.6 0.92 0.24
Measured & Indicated 47.9 0.60 0.92 13.3 20.55 0.1 103.4 1.06 1.64
Total Resources Within the Gold Domain2
Phase I Heap Leach In-Pit Proven and Probable Reserves3
In-Pit Resources (excluding Proven and Probable Reserves)4,5
Category
M Tonnes Au Au Ag Ag Cu Cu Au Eq AuEq
(g/t) (M ozs) (g/t) (M ozs) (%) (M lbs) (g/t) (M oz)
Measured 129 0.54 2.24 12.0 49.8 0.09 256.0 0.94 3.91
Indicated 80 0.38 0.98 8.0 20.6 0.08 141.1 0.69 1.77
Measured & Indicated 209 0.48 3.22 11.0 70.3 0.08 396.9 0.83 5.58
Inferred 20 0.3 0.19 7.0 4.5 0.09 39.7 0.59 0.38
CERRO DEL GALLO
Reserves and In-Pit Resources1
32
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”.
33. Cerro Resources NL (“Cerro”) has filed a technical report under National Instrument 43-101 - Standards of Disclosure for Mineral
Projects (“NI 43-101”) entitled “Technical Report, First Stage Heap Leach Feasibility Study, Cerro del Gallo Gold Silver Project,
Guanajuato, Mexico” (the “Technical Report”) with an effective date of May 11, 2012. Mr. Gabriel Voicu P.Geo, Vice President,
Geology and Exploration, Primero, who is a “qualified person” for the purposes of NI 43-101, has reviewed the Technical Report on
behalf of Primero. To the best of Primero’s knowledge, information and belief, there is no new material scientific or technical
information that would make the Technical Report inaccurate or misleading. Primero plans to file a technical report on the Cerro
Del Gallo project within 180 days of December 13, 2012 in accordance with the requirements of NI 43-101.
Cautionary Note to US Investors Regarding Mineral Reporting Standards:
Primero prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the
requirements of US securities laws. Terms relating to mineral resources and mineral reserves in this material change report and
other documents referenced herein are defined in accordance with NI 43-101 under the guidelines set out in the Canadian
Institute of Mining, Metallurgy, and Petroleum Standards on Mineral Resources and Mineral Reserves. The Securities and Exchange
Commission (the “SEC”) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a
company can economically and legally extract or produce. Primero uses certain terms, such as, “measured mineral resources”,
“indicated mineral resources”, “inferred mineral resources” and “probable mineral reserves”, that the SEC does not recognize
(these terms may be used in this presentation and other documents referenced herein and are included in the public filings of
Primero which have been filed with securities commissions or similar authorities in Canada).
33
CERRO DEL GALLO
Cautionary Statement on Cerro Del Gallo
34. Notes to Investors Regarding the Use of Resources
This presentation has been prepared in accordance with the requirements of Canadian provincial securities laws which differ from the requirements of U.S.
securities laws. Unless otherwise indicated, all mineral reserve and resource estimates included in this presentation have been prepared in accordance
with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and
Petroleum classification systems. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure
an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements of the United
States Securities and Exchange Commission (the “SEC”), and reserve and resource estimates disclosed in this presentation may not be comparable to similar
information disclosed by U.S. companies.
The mineral reserve estimates in this presentation have been calculated in accordance with NI 43-101, as required by Canadian securities regulatory
authorities. For United States reporting purposes, SEC Industry Guide 7 under the United States Securities Exchange Act of 1934, as amended, as
interpreted by Staff of the SEC, applies different standards in order to classify mineralization as a reserve. As a result, the definition of “probable reserves”
used in NI 43-101 differs from the definition in the SEC Industry Guide 7. Under SEC standards, mineralization may not be classified as a “reserve” unless
the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is
made. Among other things, all necessary permits would be required to be in hand or issuance imminent in order to classify mineralized material as reserves
under the SEC standards. Accordingly, mineral reserve estimates contained in this presentation may not qualify as “reserves” under SEC standards.
In addition, this presentation uses the terms “indicated resources” and “inferred resources” to comply with the reporting standards in Canada. The
Company advises United States investors that while those terms are recognized and required by Canadian regulations, the SEC does not recognize them.
United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral
reserves. Further, “inferred resources” have a great amount of uncertainty as to their existence and as to whether they can be mined legally or
economically. Therefore, United States investors are also cautioned not to assume that all or any part of the “inferred resources” exist. In accordance with
Canadian securities laws, estimates of “inferred resources” cannot form the basis of feasibility or other economic studies. It cannot be assumed that all or
any part of “indicated resources” or “inferred resources” will ever be upgraded to a higher category or are economically or legally mineable. In addition,
disclosure of “contained ounces” is permitted disclosure under Canadian securities laws; however, the SEC only permits issuers to report mineralization as
in place tonnage and grade without reference to unit measures.
NI 43-101 also permits the inclusion of disclosure regarding the potential quantity and grade, expressed as ranges, of a target for further exploration
provided that the disclosure (i) states with equal prominence that the potential quantity and grade is conceptual in nature, that there has been insufficient
exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resources, and
(ii) states the basis on which the disclosed potential quantity and grade has been determined. Disclosure regarding exploration potential has been included
in this presentation. United States investors are cautioned that disclosure of such exploration potential is conceptual in nature by definition and there is no
assurance that exploration will result in any category of NI 43-101 mineral resources being identified.
34