Operations continue to deliver strong performance in the second quarter of 2017, with total gold production of 427,743 ounces and total cash costs per ounce of $556. Infill and exploration drilling at multiple properties, including LaRonde and Amaruq, yielded positive results that are expected to result in mineral resource additions and conversions. The Meliadine project is progressing on schedule and budget, with underground development ahead of plan and engineering 80% complete at the end of June 2017.
Kinross Gold Corporation presented at the BMO Capital Markets Global Mining & Metals Conference on February 26-28, 2017. Kinross has a diverse portfolio of operating mines that consistently meet or outperform operational targets. Kinross is advancing high-quality organic development projects that offer opportunities to expand production or extend mine life at existing operations. These projects include the two-phased expansion at Tasiast and developing the potential at Bald Mountain. Kinross maintains a strong balance sheet and financial flexibility to fund its projects.
New gold presentation june 2017 v finalnewgold2011
This corporate presentation provides cautionary statements regarding forward-looking information and key characteristics of New Gold's portfolio. It discusses New Gold's assets in top-rated jurisdictions, including operating mines and development projects. New Gold has 14.7 million ounces of gold reserves, over 90% located in Canada. Its first quarter 2017 all-in sustaining costs were $597 per ounce. Growth projects have the potential to increase annual production to approximately 800,000 ounces.
BMO Capital Markets 26th Global Metals & Mining ConferenceAgnico Eagle Mines
- The document discusses Agnico Eagle's forward-looking statements and provides context for non-GAAP financial measures used. It notes key assumptions and risks that could impact projections.
- Agnico Eagle exceeded 2016 production guidance of 1.6 million ounces at total cash costs of $600 per ounce. Production was 1.66 million ounces at total cash costs of $573 per ounce.
- New four-year guidance forecasts production growth to over 2 million ounces in 2020 as the Amaruq and Meliadine projects come online. Costs are expected to decline as production increases.
- The document is Yamana Gold's first quarter report from 2017, which provides an overview of the company's performance and outlook.
- It discusses Yamana's progress on its six pillar approach, including improving operations, advancing development projects, strengthening its balance sheet, making exploration discoveries, growing its pipeline, and rationalizing non-core assets.
- Key highlights mentioned are that production and costs were better than budget in Q1, consolidated gold production guidance was increased, and significant improvements are expected in the second half of 2017 across various operations.
The document presents the results of a definitive feasibility study for expanding the Asanko Gold Mine's processing capacity. The expansion plan includes two modular phases: doubling processing to 5 million tonnes per year (Project 5 Million), and further doubling it to 10 million tonnes per year (Project 10 Million). Project 5 Million requires $150 million in capital and is expected to produce 230,000 ounces of gold per year at an all-in sustaining cost of $968 per ounce over a 20-year life of mine. Project 10 Million would require total expansion capital of $350 million and produce over 450,000 ounces of gold annually at $890 per ounce over an 8-year period.
New gold baml global metals, mining & steel conference 16 18 may 2017newgold2011
New Gold provides a corporate presentation outlining its portfolio of assets located in top-rated mining jurisdictions. The presentation cautions that statements regarding future performance are forward-looking in nature. New Gold has a diverse portfolio including operating mines and development projects with potential for 800,000 ounces of annual gold production. Key priorities for 2017 include executing on an updated plan for the Rainy River project in Ontario, Canada, advancing organic growth projects, and enhancing financial flexibility.
Agnico Eagle reported its fourth quarter and full year 2016 results. Key highlights included:
1) Continued strong operating performance in 2016 with gold production exceeding guidance and lower than expected costs.
2) The Amaruq satellite deposit at Meadowbank and the Meliadine project were approved for development with both expected to start up in Q3 2019.
3) A four-year production guidance was issued with gold production expected to increase from current levels to 2 million ounces by 2020 and unit costs expected to decline over that period.
Corporate presentation january 2017 v finalnewgold2011
This corporate presentation provides cautionary statements regarding forward-looking information in the document. It notes that all dollar amounts are in US dollars unless otherwise stated. It also outlines key assumptions and risk factors that could cause actual results to differ from forward-looking statements. Forward-looking statements include production guidance, resource and reserve estimates, construction timelines and costs for the Rainy River project, and other operating parameters. These statements are based on certain material assumptions regarding the business, including around political and economic conditions, commodity prices, exchange rates, costs, and permitting. However, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from expectations.
Kinross Gold Corporation presented at the BMO Capital Markets Global Mining & Metals Conference on February 26-28, 2017. Kinross has a diverse portfolio of operating mines that consistently meet or outperform operational targets. Kinross is advancing high-quality organic development projects that offer opportunities to expand production or extend mine life at existing operations. These projects include the two-phased expansion at Tasiast and developing the potential at Bald Mountain. Kinross maintains a strong balance sheet and financial flexibility to fund its projects.
New gold presentation june 2017 v finalnewgold2011
This corporate presentation provides cautionary statements regarding forward-looking information and key characteristics of New Gold's portfolio. It discusses New Gold's assets in top-rated jurisdictions, including operating mines and development projects. New Gold has 14.7 million ounces of gold reserves, over 90% located in Canada. Its first quarter 2017 all-in sustaining costs were $597 per ounce. Growth projects have the potential to increase annual production to approximately 800,000 ounces.
BMO Capital Markets 26th Global Metals & Mining ConferenceAgnico Eagle Mines
- The document discusses Agnico Eagle's forward-looking statements and provides context for non-GAAP financial measures used. It notes key assumptions and risks that could impact projections.
- Agnico Eagle exceeded 2016 production guidance of 1.6 million ounces at total cash costs of $600 per ounce. Production was 1.66 million ounces at total cash costs of $573 per ounce.
- New four-year guidance forecasts production growth to over 2 million ounces in 2020 as the Amaruq and Meliadine projects come online. Costs are expected to decline as production increases.
- The document is Yamana Gold's first quarter report from 2017, which provides an overview of the company's performance and outlook.
- It discusses Yamana's progress on its six pillar approach, including improving operations, advancing development projects, strengthening its balance sheet, making exploration discoveries, growing its pipeline, and rationalizing non-core assets.
- Key highlights mentioned are that production and costs were better than budget in Q1, consolidated gold production guidance was increased, and significant improvements are expected in the second half of 2017 across various operations.
The document presents the results of a definitive feasibility study for expanding the Asanko Gold Mine's processing capacity. The expansion plan includes two modular phases: doubling processing to 5 million tonnes per year (Project 5 Million), and further doubling it to 10 million tonnes per year (Project 10 Million). Project 5 Million requires $150 million in capital and is expected to produce 230,000 ounces of gold per year at an all-in sustaining cost of $968 per ounce over a 20-year life of mine. Project 10 Million would require total expansion capital of $350 million and produce over 450,000 ounces of gold annually at $890 per ounce over an 8-year period.
New gold baml global metals, mining & steel conference 16 18 may 2017newgold2011
New Gold provides a corporate presentation outlining its portfolio of assets located in top-rated mining jurisdictions. The presentation cautions that statements regarding future performance are forward-looking in nature. New Gold has a diverse portfolio including operating mines and development projects with potential for 800,000 ounces of annual gold production. Key priorities for 2017 include executing on an updated plan for the Rainy River project in Ontario, Canada, advancing organic growth projects, and enhancing financial flexibility.
Agnico Eagle reported its fourth quarter and full year 2016 results. Key highlights included:
1) Continued strong operating performance in 2016 with gold production exceeding guidance and lower than expected costs.
2) The Amaruq satellite deposit at Meadowbank and the Meliadine project were approved for development with both expected to start up in Q3 2019.
3) A four-year production guidance was issued with gold production expected to increase from current levels to 2 million ounces by 2020 and unit costs expected to decline over that period.
Corporate presentation january 2017 v finalnewgold2011
This corporate presentation provides cautionary statements regarding forward-looking information in the document. It notes that all dollar amounts are in US dollars unless otherwise stated. It also outlines key assumptions and risk factors that could cause actual results to differ from forward-looking statements. Forward-looking statements include production guidance, resource and reserve estimates, construction timelines and costs for the Rainy River project, and other operating parameters. These statements are based on certain material assumptions regarding the business, including around political and economic conditions, commodity prices, exchange rates, costs, and permitting. However, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from expectations.
This document is the transcript from Kinross Gold Corporation's Q2 2017 results conference call. Some key points:
- Kinross is on track to meet its 2017 guidance targets for the sixth consecutive year, including producing 2.5-2.7 million ounces of gold at a production cost of sales of $660-720 per ounce and all-in sustaining costs of $925-1,025 per ounce.
- The two-phased expansion at Tasiast is progressing well, with phase one approximately 55% complete and on budget for commercial production in Q2 2018. Kinross will finalize the phase two feasibility study in September.
- Bald Mountain is expected to double its production with reduced
- Asanko Gold reported operating and financial results for Q1 2017 that included record gold production of 58,187 ounces, in line with guidance. Net income was a positive US$7.8 million or US$0.04 per share.
- Mining rates were in line with milling rates at 339,096 tonnes per month with an average mined grade of 1.8 g/t. Processing rates were 20% above design at over 900,000 tonnes milled.
- Costs per ounce were higher than previous quarters due to lower grades and strip ratios from the new resource model as well as bringing maintenance costs forward, but are expected to decrease in H2 2017 with oxide mining and
This document summarizes a site tour of Newmont Mining Corporation's Merian gold mine in Suriname. The tour included introductions of company leadership, an overview of the Merian Project including health and safety practices, commercial production milestones, community investment programs, and plans for optimizing operations and exploring additional opportunities in the region. The mine began commercial production in 2016 and is expected to produce 300,000-375,000 ounces of gold annually over its projected 13+ year mine life.
- Detour Gold Corporation presented its corporate presentation for February 9-10, 2016.
- In 2015, Detour Gold achieved 505,558 ounces of gold production, an 11% increase over 2014, met its mining and milling targets, and estimated its 2015 all-in sustaining costs to be between $1,040-1,060 per ounce sold.
- For 2016, Detour Gold provided production guidance of 540,000-590,000 ounces of gold and estimated total cash costs of $675-750 per ounce and all-in sustaining costs of $840-940 per ounce.
Akg presentation egf april 2017_final.compressedasanko6699
The document presents Asanko Gold Inc.'s plans to become a mid-tier gold producer through its Asanko Gold Mine in Ghana. It aims to grow production to over 450,000 ounces per year by 2020 through low-cost expansion projects. Recent exploration successes have also added new deposits. The current mine is performing well above design capacity and costs are lower than planned. Upcoming projects will leverage existing infrastructure to bring the large Esaase deposit into production starting in 2019.
1) The Brucejack high-grade gold project in British Columbia is fully-permitted and construction is underway, with commercial production targeted for 2017.
2) The mine is expected to produce over 7 million ounces of gold over an 18-year mine life at an average grade of over 15 grams per tonne and average annual production of over 500,000 ounces.
3) Construction financing of US$540 million was secured in September 2015, funding over 70% of the estimated US$746 million in capital costs.
Kinross Gold Corporation reported its Q1 2017 results and outlined its priorities for 2017. Key highlights include:
- Production of 671,956 Au eq. oz. in Q1 2017, on track to meet full-year guidance of 2.5-2.7 million Au eq. oz.
- Continued focus on cost discipline with production costs of $701/oz and AISC of $953/oz in Q1 2017.
- Advancing the two-phased expansion at Tasiast, with Phase One on schedule and budget.
- Strengthening the balance sheet through the sale of its Cerro Casale interest for $260 million in cash.
- Focus on organic growth
- Newmont Mining Corporation reported its Q2 2017 earnings on July 25, 2017.
- In Q2, the company's AISC decreased 3% to $884/oz due to strong operational execution, and attributable gold production increased 13% to 1.4 Moz from higher grades and throughput.
- The company approved its Twin Underground project, which is expected to add higher grade ore and extend the mine life at lower costs.
- Agnico Eagle provides a corporate update for November 2016, outlining its consistent strategy and solid execution that drives superior per share returns.
- Production is expected to grow to approximately 2.0 million ounces of gold in 2020 from its existing asset base.
- Agnico Eagle has high quality gold reserves with an average grade more than double that of North American peers that will support production growth.
- Exploration continues to be a key value driver, with several prospects delivering results.
Kirkland lake gold investor presentation feb bmo conference finalkirklandlakegoldinc
1. Kirkland Lake Gold is a tier one gold producer with operations in Canada and Australia that is forecasting 2017 gold production of 500,000-525,000 ounces at an operating cash cost of $625-675 per ounce and all-in sustaining costs of $950-1,000 per ounce.
2. As of December 31, 2016, Kirkland Lake Gold had a strong cash position of US$234 million and net cash of US$145 million providing financial flexibility.
3. The company has significant exploration potential across its Canadian and Australian assets and has budgeted US$45-55 million for growth exploration in 2017.
This document provides a summary of Kinross Gold Corporation's Q3 2016 results conference call. It discusses strong operational and financial performance in Q3 2016, with increased production and lower costs compared to Q2 2016. Key growth opportunities are also highlighted, including projects at Bald Mountain, Round Mountain Phase W, La Coipa Phase 7, and Tasiast's two-phased expansion. Guidance for 2016 is updated, with capital expenditures lowered to $650-675 million.
This corporate presentation by Alamos Gold provides an overview of the company and its operations. Key points include:
- Alamos is a mid-tier gold producer with diversified production of 400,000-430,000 ounces from three North American mines in 2017.
- Costs are expected to decrease in 2017, with all-in sustaining costs projected to decline 7% to $940 per ounce.
- The company has a pipeline of six development projects that will support long-term growth in a disciplined manner.
- Alamos has a strong balance sheet with $492 million in pro forma cash to fund growth initiatives and debt repayment.
Newmont Mining Corporation reported its Q1 2017 earnings. Gold production for Q1 was 1.2 Moz, up 9% year-over-year and the company remains on track to meet its full-year guidance of 4.9-5.4 Moz. All-in sustaining costs for Q1 were $900/oz, below guidance. Newmont also approved expansions at its Ahafo mine in Africa, which will improve profitability and mine life. The expansions include an underground mine and mill expansion.
Newmont Mining Corporation reported its Q1 2016 results. Key highlights included:
- Gold production of 1.2 million ounces, up 4% from the prior year quarter.
- AISC of $828 per ounce and 2016 outlook lowered by $20 per ounce.
- Adjusted EBITDA of $803 million on strong operating performance.
- Free cash flow of $227 million while continuing to self-fund profitable growth projects.
Kinross Gold Corporation reported its fourth quarter and full-year 2015 results. Key highlights included meeting or exceeding its revised 2015 guidance by producing 2.6 million ounces of gold equivalent at a cost of sales of $696 per ounce and capital expenditures of $610 million. The company also acquired two producing mines in Nevada, enhancing its American portfolio. For 2016, Kinross expects to produce between 2.7-2.9 million ounces of gold equivalent at a reduced overhead expense of $165 million and capital expenditures of $595 million, excluding potential expansion at Tasiast.
bmo capital markets mining and metals confernce-handouts-29 feb16kirklandlakegoldinc
The document discusses Kirkland Lake Gold's plans to become an intermediate Ontario-focused gold producer through the acquisition of St. Andrew Goldfields. The combined company will have four mines and two mills producing 260,000 to 310,000 ounces of gold annually. It will benefit from operational synergies, a strong balance sheet with over $100 million in cash, and exploration potential across two historic gold camps in Ontario. Kirkland Lake Gold has an experienced management team and board of directors to lead the combined company's growth.
- The document is a presentation by Wheaton Precious Metals describing their business model of precious metals streaming.
- They have a diversified portfolio of streaming agreements with operating mines and development projects around the world. This provides low-cost, long-life production of gold and silver.
- Key assets include Salobo, Peñasquito, Antamina, and Constancia, which account for the majority of their forecasted production over the next 5 years. They also discuss recent developments and exploration potential at several of these key mines.
The document provides an overview and update on Dalradian Resources Inc.'s Curraghinalt Gold Project in Northern Ireland. Some key points:
- Resources have expanded to over 4 million ounces of gold in the measured and indicated categories and over 2 million ounces in inferred. The deposit remains open.
- A feasibility study demonstrated the economic potential for developing a mine. Engineering studies showed a simple flowsheet and 94% gold recovery.
- The company raised $34 million through warrant exercises and has additional warrants that could provide up to $39 million more if exercised.
- Drilling continues to expand resources and test targets while permitting and community engagement move forward for mine development.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BAML Metals & Mining Conference in May 2016. The presentation focused on Newmont's strategy of improving its underlying business through leading safety and cost performance, strengthening its portfolio through organic growth and transactions, and creating shareholder value through a superior balance sheet and cash flow. Newmont has reduced costs by 30% since 2012 and is building a longer-life, lower-cost asset portfolio through projects like Merian and Long Canyon.
062916 nevada mine tour presentation final printedKinrossGold
Kinross Gold Corporation hosted a mine tour at its Bald Mountain Mine in Nevada on June 29-30, 2016. The presentation provided an overview of Bald Mountain, including:
1) Bald Mountain is a large, open-pit heap leach gold mine in Nevada with significant mineral reserves and upside potential from resource conversion and exploration.
2) Near-term opportunities exist to potentially double mineral reserve estimates by the end of Q1 2017 through conversion of the Vantage Complex and Saga Extension.
3) Longer-term opportunities for further mine life extension include converting measured and indicated resources to reserves with additional drilling and permitting. Bald Mountain also has extensive exploration potential across its large land package.
Kinross Gold Corporation reported its third quarter 2017 results. Key highlights included meeting production guidance for the sixth consecutive year and tracking at the high-end of production and low-end of cost forecasts. Strong year-to-date cost performance included production cost of sales $39/oz lower and all-in sustaining costs $40/oz lower than the previous year. Kinross is advancing the Tasiast Phase Two and Round Mountain Phase W projects following positive feasibility studies.
- North American Palladium Ltd. released its Third Quarter Report for 2015 which discusses its financial results and mining operations.
- The report details a recapitalization transaction completed in the quarter to improve the company's financial position as well as workforce reductions to reduce costs.
- Operationally, production at the Lac des Iles mine met expectations for the quarter but costs were higher than planned which impacted financial results.
This document is the transcript from Kinross Gold Corporation's Q2 2017 results conference call. Some key points:
- Kinross is on track to meet its 2017 guidance targets for the sixth consecutive year, including producing 2.5-2.7 million ounces of gold at a production cost of sales of $660-720 per ounce and all-in sustaining costs of $925-1,025 per ounce.
- The two-phased expansion at Tasiast is progressing well, with phase one approximately 55% complete and on budget for commercial production in Q2 2018. Kinross will finalize the phase two feasibility study in September.
- Bald Mountain is expected to double its production with reduced
- Asanko Gold reported operating and financial results for Q1 2017 that included record gold production of 58,187 ounces, in line with guidance. Net income was a positive US$7.8 million or US$0.04 per share.
- Mining rates were in line with milling rates at 339,096 tonnes per month with an average mined grade of 1.8 g/t. Processing rates were 20% above design at over 900,000 tonnes milled.
- Costs per ounce were higher than previous quarters due to lower grades and strip ratios from the new resource model as well as bringing maintenance costs forward, but are expected to decrease in H2 2017 with oxide mining and
This document summarizes a site tour of Newmont Mining Corporation's Merian gold mine in Suriname. The tour included introductions of company leadership, an overview of the Merian Project including health and safety practices, commercial production milestones, community investment programs, and plans for optimizing operations and exploring additional opportunities in the region. The mine began commercial production in 2016 and is expected to produce 300,000-375,000 ounces of gold annually over its projected 13+ year mine life.
- Detour Gold Corporation presented its corporate presentation for February 9-10, 2016.
- In 2015, Detour Gold achieved 505,558 ounces of gold production, an 11% increase over 2014, met its mining and milling targets, and estimated its 2015 all-in sustaining costs to be between $1,040-1,060 per ounce sold.
- For 2016, Detour Gold provided production guidance of 540,000-590,000 ounces of gold and estimated total cash costs of $675-750 per ounce and all-in sustaining costs of $840-940 per ounce.
Akg presentation egf april 2017_final.compressedasanko6699
The document presents Asanko Gold Inc.'s plans to become a mid-tier gold producer through its Asanko Gold Mine in Ghana. It aims to grow production to over 450,000 ounces per year by 2020 through low-cost expansion projects. Recent exploration successes have also added new deposits. The current mine is performing well above design capacity and costs are lower than planned. Upcoming projects will leverage existing infrastructure to bring the large Esaase deposit into production starting in 2019.
1) The Brucejack high-grade gold project in British Columbia is fully-permitted and construction is underway, with commercial production targeted for 2017.
2) The mine is expected to produce over 7 million ounces of gold over an 18-year mine life at an average grade of over 15 grams per tonne and average annual production of over 500,000 ounces.
3) Construction financing of US$540 million was secured in September 2015, funding over 70% of the estimated US$746 million in capital costs.
Kinross Gold Corporation reported its Q1 2017 results and outlined its priorities for 2017. Key highlights include:
- Production of 671,956 Au eq. oz. in Q1 2017, on track to meet full-year guidance of 2.5-2.7 million Au eq. oz.
- Continued focus on cost discipline with production costs of $701/oz and AISC of $953/oz in Q1 2017.
- Advancing the two-phased expansion at Tasiast, with Phase One on schedule and budget.
- Strengthening the balance sheet through the sale of its Cerro Casale interest for $260 million in cash.
- Focus on organic growth
- Newmont Mining Corporation reported its Q2 2017 earnings on July 25, 2017.
- In Q2, the company's AISC decreased 3% to $884/oz due to strong operational execution, and attributable gold production increased 13% to 1.4 Moz from higher grades and throughput.
- The company approved its Twin Underground project, which is expected to add higher grade ore and extend the mine life at lower costs.
- Agnico Eagle provides a corporate update for November 2016, outlining its consistent strategy and solid execution that drives superior per share returns.
- Production is expected to grow to approximately 2.0 million ounces of gold in 2020 from its existing asset base.
- Agnico Eagle has high quality gold reserves with an average grade more than double that of North American peers that will support production growth.
- Exploration continues to be a key value driver, with several prospects delivering results.
Kirkland lake gold investor presentation feb bmo conference finalkirklandlakegoldinc
1. Kirkland Lake Gold is a tier one gold producer with operations in Canada and Australia that is forecasting 2017 gold production of 500,000-525,000 ounces at an operating cash cost of $625-675 per ounce and all-in sustaining costs of $950-1,000 per ounce.
2. As of December 31, 2016, Kirkland Lake Gold had a strong cash position of US$234 million and net cash of US$145 million providing financial flexibility.
3. The company has significant exploration potential across its Canadian and Australian assets and has budgeted US$45-55 million for growth exploration in 2017.
This document provides a summary of Kinross Gold Corporation's Q3 2016 results conference call. It discusses strong operational and financial performance in Q3 2016, with increased production and lower costs compared to Q2 2016. Key growth opportunities are also highlighted, including projects at Bald Mountain, Round Mountain Phase W, La Coipa Phase 7, and Tasiast's two-phased expansion. Guidance for 2016 is updated, with capital expenditures lowered to $650-675 million.
This corporate presentation by Alamos Gold provides an overview of the company and its operations. Key points include:
- Alamos is a mid-tier gold producer with diversified production of 400,000-430,000 ounces from three North American mines in 2017.
- Costs are expected to decrease in 2017, with all-in sustaining costs projected to decline 7% to $940 per ounce.
- The company has a pipeline of six development projects that will support long-term growth in a disciplined manner.
- Alamos has a strong balance sheet with $492 million in pro forma cash to fund growth initiatives and debt repayment.
Newmont Mining Corporation reported its Q1 2017 earnings. Gold production for Q1 was 1.2 Moz, up 9% year-over-year and the company remains on track to meet its full-year guidance of 4.9-5.4 Moz. All-in sustaining costs for Q1 were $900/oz, below guidance. Newmont also approved expansions at its Ahafo mine in Africa, which will improve profitability and mine life. The expansions include an underground mine and mill expansion.
Newmont Mining Corporation reported its Q1 2016 results. Key highlights included:
- Gold production of 1.2 million ounces, up 4% from the prior year quarter.
- AISC of $828 per ounce and 2016 outlook lowered by $20 per ounce.
- Adjusted EBITDA of $803 million on strong operating performance.
- Free cash flow of $227 million while continuing to self-fund profitable growth projects.
Kinross Gold Corporation reported its fourth quarter and full-year 2015 results. Key highlights included meeting or exceeding its revised 2015 guidance by producing 2.6 million ounces of gold equivalent at a cost of sales of $696 per ounce and capital expenditures of $610 million. The company also acquired two producing mines in Nevada, enhancing its American portfolio. For 2016, Kinross expects to produce between 2.7-2.9 million ounces of gold equivalent at a reduced overhead expense of $165 million and capital expenditures of $595 million, excluding potential expansion at Tasiast.
bmo capital markets mining and metals confernce-handouts-29 feb16kirklandlakegoldinc
The document discusses Kirkland Lake Gold's plans to become an intermediate Ontario-focused gold producer through the acquisition of St. Andrew Goldfields. The combined company will have four mines and two mills producing 260,000 to 310,000 ounces of gold annually. It will benefit from operational synergies, a strong balance sheet with over $100 million in cash, and exploration potential across two historic gold camps in Ontario. Kirkland Lake Gold has an experienced management team and board of directors to lead the combined company's growth.
- The document is a presentation by Wheaton Precious Metals describing their business model of precious metals streaming.
- They have a diversified portfolio of streaming agreements with operating mines and development projects around the world. This provides low-cost, long-life production of gold and silver.
- Key assets include Salobo, Peñasquito, Antamina, and Constancia, which account for the majority of their forecasted production over the next 5 years. They also discuss recent developments and exploration potential at several of these key mines.
The document provides an overview and update on Dalradian Resources Inc.'s Curraghinalt Gold Project in Northern Ireland. Some key points:
- Resources have expanded to over 4 million ounces of gold in the measured and indicated categories and over 2 million ounces in inferred. The deposit remains open.
- A feasibility study demonstrated the economic potential for developing a mine. Engineering studies showed a simple flowsheet and 94% gold recovery.
- The company raised $34 million through warrant exercises and has additional warrants that could provide up to $39 million more if exercised.
- Drilling continues to expand resources and test targets while permitting and community engagement move forward for mine development.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BAML Metals & Mining Conference in May 2016. The presentation focused on Newmont's strategy of improving its underlying business through leading safety and cost performance, strengthening its portfolio through organic growth and transactions, and creating shareholder value through a superior balance sheet and cash flow. Newmont has reduced costs by 30% since 2012 and is building a longer-life, lower-cost asset portfolio through projects like Merian and Long Canyon.
062916 nevada mine tour presentation final printedKinrossGold
Kinross Gold Corporation hosted a mine tour at its Bald Mountain Mine in Nevada on June 29-30, 2016. The presentation provided an overview of Bald Mountain, including:
1) Bald Mountain is a large, open-pit heap leach gold mine in Nevada with significant mineral reserves and upside potential from resource conversion and exploration.
2) Near-term opportunities exist to potentially double mineral reserve estimates by the end of Q1 2017 through conversion of the Vantage Complex and Saga Extension.
3) Longer-term opportunities for further mine life extension include converting measured and indicated resources to reserves with additional drilling and permitting. Bald Mountain also has extensive exploration potential across its large land package.
Kinross Gold Corporation reported its third quarter 2017 results. Key highlights included meeting production guidance for the sixth consecutive year and tracking at the high-end of production and low-end of cost forecasts. Strong year-to-date cost performance included production cost of sales $39/oz lower and all-in sustaining costs $40/oz lower than the previous year. Kinross is advancing the Tasiast Phase Two and Round Mountain Phase W projects following positive feasibility studies.
- North American Palladium Ltd. released its Third Quarter Report for 2015 which discusses its financial results and mining operations.
- The report details a recapitalization transaction completed in the quarter to improve the company's financial position as well as workforce reductions to reduce costs.
- Operationally, production at the Lac des Iles mine met expectations for the quarter but costs were higher than planned which impacted financial results.
Probe Metals is a well-funded gold explorer focused on its district-scale land package in Val-d'Or, Quebec. The company has consolidated over 327 km2 in the area, which contains its initial inferred resource of 770koz gold. Probe plans to aggressively explore the property through a 75,000 meter drill program to expand resources. The company is well positioned for growth with a strong balance sheet of over $30 million and a proven management team with a track record of success.
The document discusses the Marmato gold deposit located in Colombia. It provides details on the deposit's geology, exploration history, and recent drilling results. Key points include:
- Marmato has produced an estimated 2.6-3.5 million ounces of gold historically from various underground mines.
- Recent drilling by GCG has discovered a new "Deeps Zone" below the existing mines, with drill intercepts up to 357 meters of 1.43 g/t gold.
- A 2017 resource estimate for Marmato outlines over 3.8 million ounces of gold in measured and indicated categories, and over 4 million ounces in inferred across vein and porphyry styles of mineralization.
The 2017 exploration program at Rubicon's Phoenix Gold Project in Red Lake, Ontario has yielded preliminary observations that indicate discrepancies between the existing geological model and new data collected from mapping, drilling and core re-logging. Highlight assay results from drilling include high grade intercepts. The program is ongoing and aims to improve the understanding of mineralization to potentially advance the project.
Llg corporate presentation november 2017masongraphite
The document is a corporate presentation from Mason Graphite regarding their Lac Guéret Flake Graphite Project. Some key points:
- The feasibility study shows strong economics for the project, with an IRR of 44% pre-tax and 25 years of mine life using only 7% of measured and indicated resources.
- Mason Graphite has extensive experience in graphite production and their management team has decades of experience in the industry.
- Flake graphite has the most applications of the three natural graphite types due to its purity and flake size/shape. It commands the highest prices but has the lowest supply.
- The Lac Guéret deposit has an average grade of 27.
Starcore International Mines Ltd. owns and operates the San Martin gold and silver mine in Queretaro, Mexico. The underground mine has been in production since 1993 and currently processes ore at a rate of 856 tons per day. Starcore is focused on sustainable precious metals production in Mexico and has consistently produced gold and silver at the San Martin mine over several years of operation. The company aims to create long-term shareholder value through its production-oriented assets and low-risk, high-reward exploration projects.
17 11-08 november presentation final (for web & print)silverwheaton2016
This document discusses Wheaton Precious Metals, a precious metals streaming company. It notes that Wheaton provides significant upfront capital to mining companies in a non-dilutive manner while retaining operational control. Wheaton has a diversified portfolio of long-life, high-quality streaming assets that provide low-cost, predictable production over 25 years on average. The document cautions readers about forward-looking statements and notes various risks and uncertainties involved.
- The document discusses GQ Minerals' phosphate and potash projects in Africa.
- GQ's Tilemsi Phosphate project in Mali has an inferred resource of 50Mt at 24.3% P2O5 and could produce fertilizer profitably for an initial investment of $157.9M.
- The company is also exploring the potential to recover potash from brine at the Sua Pan site in Botswana.
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.
Edgewater Exploration is focused on advancing its Corcoesto Gold Project in Galicia, Spain, which is the company's most advanced asset. Significant milestones were completed in 2013, including an updated resource estimate outlining over 1 million ounces of gold and approval of the Environmental Impact Assessment. A feasibility study is currently underway for the Corcoesto Gold Project. Edgewater also has a joint venture with Kinross Gold on the Enchi Gold Project in Ghana, West Africa, which had an initial inferred resource estimate of 749,000 ounces of gold.
The document is an investor presentation by AMG Advanced Metallurgical Group N.V. that provides an overview of the company. It discusses AMG's focus on critical raw materials, including those identified as critical by the EU and US. AMG has businesses in 7 EU-critical materials and 4 US-critical materials. The presentation shows that prices for critical materials have generally outperformed metals and oil over the past 10 years. It also provides an overview of AMG's business segments and global footprint in critical materials.
The document discusses forward-looking statements about the Company's future performance that involve known and unknown risks and uncertainties. It notes that actual exploration and development results, estimates of reserves and resources, timing of production, costs, profitability, and other factors can differ materially from forward-looking statements. It also lists several risk factors that could affect the Company's future results, including exploration, development, mining and operational risks as well as risks from commodity price fluctuations, access to capital and financing, environmental liability, and dependence on joint venture partners. The qualified person for the technical data is identified as Mr. Gregory Smith, P. Geo., Vice President of Exploration for the Company.
This document provides an overview of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. Key points include: Q2 production of 23,320 ounces of gold at cash costs of $903 per ounce; reserves increasing 187% at Island Gold mine and 95% at Beaufor mine; Island Gold mine life extended to 7 years with 3 years of mine life pre-developed; and ongoing exploration programs aimed at further expanding resources and mine life at Island Gold.
- 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.
- Richmont Mines has a quality asset base in Canada including its Island Gold and Beaufor mines, with a growing production profile and decreasing cost structure.
- In 2015, mineral reserves increased 187% overall, with a 206% increase at Island Gold and a 95% increase at Beaufor, extending mine lives.
- At Island Gold, a preliminary economic assessment outlined an average annual production of 78,000 ounces of gold from 2017-2022 at cash costs of C$552/oz. An expansion to 1,150 tpd is being considered.
- For 2016, consolidated gold production is estimated at 87,000-97,000 ounces at cash costs of C$930-C$1,000
The document discusses Richmont Mines' positioning for sustainable growth through its Canadian mining operations. Key points include:
- Reserves at Island Gold and Beaufor mines increased 187% in 2015, extending mine lives.
- Island Gold produced a record in Q1 2016 and guidance forecasts increasing production with declining costs. An expansion could increase throughput.
- A preliminary economic assessment outlines a multi-year plan to increase average annual production at Island Gold to 78,000 ounces at lower costs.
- Exploration programs aim to expand resources and discover new zones at both core mines and regionally around Island Gold.
The document summarizes the proposed merger between Trek Mining, NewCastle Gold, and Anfield Gold to create a new mid-tier gold company called Equinox Gold. The key points are:
1) The merger will create a company with over 5.8 million ounces of gold resources across multiple assets and a cash position of approximately $98 million CAD.
2) Equinox Gold is targeting first gold pour from the Aurizona mine in Brazil by late 2018 and has a pre-feasibility study underway for the past-producing Castle Mountain mine.
3) The management team and board of Equinox Gold will include experienced mining executives and Ross Beaty will become Chairman and a major
This document provides forward-looking statements and notes to investors regarding Agnico Eagle's corporate update presentation at the Scotiabank Mining Conference in December 2017. It outlines key assumptions and risk factors for Agnico Eagle's projections, including commodity prices, production estimates, costs estimates, currency fluctuations, and permitting/development timelines. It also notes that certain terms used in the presentation, such as total cash costs per ounce and all-in sustaining costs per ounce, are non-GAAP measures and provides reconciliations to IFRS measures.
Raymond James 38th Annual Institutional Investors ConferenceAgnico Eagle Mines
The document provides forward-looking statements and notes regarding Agnico Eagle's presentation at the Raymond James 38th Annual Institutional Investors Conference in March 2017. It discusses Agnico Eagle's solid production base, high quality long life assets, and proven value creating strategy. It also summarizes Agnico Eagle's 2016 operating and financial highlights, 2016 exploration and reserve highlights, and track record of meeting production guidance. Finally, it notes Agnico Eagle mined below its average reserve grade in 2016 and successfully replaced reserves and resources with grades remaining unchanged.
The document provides an overview of Agnico Eagle's corporate update presentation from January 2018. It includes forward-looking statements and notes regarding non-GAAP measures. The summary highlights Agnico Eagle's growing production base, high quality long life assets, strategy of value creation, track record of meeting guidance, mineral reserves and resources, successful M&A and exploration adding value, and project pipeline expected to drive further production growth to 2 million ounces by 2020.
Agnico Eagle held a Denver Gold Forum in September 2016 to provide information to investors. The document included forward-looking statements about production guidance, costs, and other estimates. It noted the risks that actual results may differ from expectations due to uncertainties in metal prices, costs, and other factors. It also summarized the company's strategy of production growth from its existing assets, high-quality gold reserves with above-average grades, and exploration adding new resources.
The document discusses Agnico Eagle's third quarter 2016 results. It provides forward-looking statements regarding production guidance, projects, and costs. It notes the risks and assumptions underlying the forward-looking statements. It also discusses non-GAAP measures used to evaluate performance such as total cash costs per ounce and all-in sustaining costs per ounce.
The document provides an overview of Agnico Eagle's Kittila mine site visit in November 2016. Some key points:
- Kittila is Agnico Eagle's largest gold mine in Europe and has estimated reserves to continue operations through 2035.
- Underground development and mining rates are being optimized to fully access the Rimpi and newly discovered Sisar zones.
- Drilling in Q3 2016 yielded the widest intercept to date in the Sisar Central Zone of 6.6 g/t gold over 12.7 metres.
- The processing plant uses pressure oxidation in an autoclave to treat the refractory gold ore, followed by milling, flotation, leaching and electrowin
Agnico Eagle reported strong results for the second quarter of 2016, including:
- Gold production of 408,932 ounces at total cash costs of $592 per ounce
- Increased 2016 production guidance to 1.58-1.6 million ounces at lower costs
- Repaid $210 million credit facility balance and $20 million loan, reducing net debt to $742 million
- Declared a 25% increased quarterly dividend to $0.10 per share
- Agnico Eagle provides a corporate update for September 2016, outlining key points such as production growth targets, high quality gold reserves, ongoing exploration success, and a strong balance sheet.
- The company has a goal of producing over 2 million ounces of gold annually by 2020 through exploiting its existing asset base, which contains high average grade reserves over double the industry average.
- Exploration continues to deliver value by expanding reserves and resources at mines such as Kittila, Meadowbank, Meliadine, Pinos Altos, and La India.
The document provides an update on Agnico Eagle Mines for August 2016. It includes forward-looking statements and notes of caution regarding the use of non-GAAP measures in financial presentations. The update discusses Agnico Eagle's consistent strategy of production growth, high quality gold reserves with above peer average grades, strong balance sheet, and exploration as a value driver. It also provides highlights on recent operational and financial results and production guidance into 2019 and beyond.
Agnico Eagle reported its first quarter 2016 results on April 29, 2016. The document provides forward-looking statements regarding Agnico Eagle's expectations for production, costs, capital expenditures, and other estimates. It notes that actual results may differ materially from expectations due to risks and uncertainties in the business. The document also explains non-GAAP measures used to evaluate performance such as total cash costs per ounce and all-in sustaining costs per ounce.
- The document is a presentation from Agnico Eagle Mines Limited given at a Scotia BBQ on August 18, 2016.
- It discusses Agnico Eagle's forward-looking statements and production guidance, provides an overview of the company's strong financial position and long history of dividend payments, and outlines its growth strategy through projects in its development pipeline.
- Agnico Eagle has successfully grown production and reserves through acquisitions and exploration over the past decade and expects its project pipeline to drive a new phase of 30-40% production growth by 2020.
Bank of America Merrill Lynch 2016 Global Metals, Mining & Steel ConferenceAgnico Eagle Mines
This document is from Agnico Eagle's presentation at the 2016 Bank of America Merrill Lynch Global Metals, Mining & Steel Conference in May 2016. It includes forward-looking statements regarding Agnico Eagle's estimated production metrics, costs, and project timelines that are based on certain assumptions that may prove to be incorrect. It also notes that certain non-GAAP financial measures are used such as total cash costs per ounce and all-in sustaining costs per ounce, and provides definitions for these terms. The presentation contains cautionary language regarding the risks and uncertainties inherent in forward-looking information.
- Agnico Eagle exceeded gold production guidance for the fourth consecutive year, producing 1.671 million ounces of gold in 2015 at total cash costs of $567 per ounce.
- Stable production of approximately 1.53 million ounces per year is expected from 2016-2018, with 2016 guidance of 1.525-1.565 million ounces at total cash costs of $590-630 per ounce.
- Gold reserve grades increased at key mines in 2015 and significant increases in measured, indicated, and inferred gold resources were reported, while gold reserves declined only slightly.
This document provides an overview of Agnico Eagle Mines Limited's annual and special meeting on April 29, 2016. It includes forward-looking statements about production guidance, costs, and projects. It notes the risks associated with forward-looking statements and provides non-GAAP financial measures to assess performance. The company has a strong track record of exceeding production guidance and lowering costs. It is positioned for growth through optimizing existing operations, exploration success adding reserves, and a pipeline of development projects expected to increase production by 30-40% by 2020.
The document provides an overview of Scotiabank's BBQ on August 18, 2015. It includes forward-looking statements about Agnico Eagle's expected future production, costs, projects, and studies. Highlights from the first half of 2015 include strong operating performance with 807,888 ounces of gold produced at total cash costs of $595 per ounce. Production guidance for 2015 is maintained at 1.6 million ounces with reduced costs. The Goldex Deep 1 project was approved to add 7 years of mine life. Drilling is expanding resources at Amaruq and the Vault extension could reduce the potential production gap with Amaruq.
- Agnico Eagle reported strong Q3 2014 operating performance with gold production of 349,273 oz and total cash costs of $716/oz.
- Production for 2014 is expected to exceed guidance and reach approximately 1.4 Moz, while 2015 guidance is increased to approximately 1.6 Moz due to higher forecasts at Meadowbank, Kittila, and Mexican operations.
- Upgrades at LaRonde, lower costs at Goldex, and optimization at Canadian Malartic position the Abitibi operations for increased performance going forward.
Raymond James Institutional Investors Conference OrlandoAgnico Eagle Mines
The document provides forward-looking statements and notes regarding non-GAAP financial measures for Agnico Eagle Mines Limited. It summarizes Agnico Eagle's fourth quarter and full year 2015 operating results, including record annual gold production of 1.671 million ounces at total cash costs of $567 per ounce. It also outlines Agnico Eagle's strategic plan for 2016 and beyond, focusing on optimizing existing mines and projects, delivering on expectations, building a project pipeline, and developing people. The company aims to improve its cost structure, increase reserve quality, and maximize free cash flow per share.
This document provides an overview of Agnico Eagle's European Gold Forum presentation in Zurich in April 2016. It includes forward-looking statements about production guidance and costs. It also notes that total cash costs, all-in sustaining costs, and minesite costs per tonne are non-GAAP measures and provides definitions for these terms. Finally, it directs readers to Agnico Eagle's regulatory filings for further information.
Bank of America Merrill Lynch 2016 Global Metals, Mining EventAgnico Eagle Mines
This document provides an overview of Agnico Eagle Mines Limited's presentation at the 22nd Annual Canada Mining Event hosted by Bank of America Merrill Lynch in September 2016. It contains forward-looking statements about Agnico Eagle's production guidance, costs, projects and growth plans. It also notes the risks associated with forward-looking statements and provides details on Agnico Eagle's non-GAAP financial measures and production guidance methodology. Finally, it highlights Agnico Eagle's strategy of value creation through consistent performance, production growth, high-quality reserves, exploration success and financial strength.
This document provides a corporate update for Agnico Eagle. It discusses Agnico Eagle's increased gold production guidance for 2014 and 2015, driven by strong operational performance at Meadowbank, Kittila, and Mexican operations. Production is forecast to increase 14% to 1.6 million ounces in 2015 while total cash costs are expected to decline 6% from 2014 levels. The document also addresses Agnico Eagle's financial position and flexibility.
The document provides supplemental information for Agnico Eagle Mines in May 2021. It discusses the company's operating mines across Canada, Finland, and Mexico which are expected to produce around 850,000 ounces of gold per year in the Abitibi region. Exploration plans are outlined to extend mine life at operations like LaRonde, Goldex, and Kittila. The acquisition of TMAC Resources and its Hope Bay mine in Nunavut is also summarized, which could potentially produce 250,000-300,000 ounces annually starting in 2024.
- Agnico Eagle reported second quarter 2018 results with total payable gold production of 404,961 ounces and total cash costs per ounce of $656.
- Production guidance for 2018 was increased to 1.58 million ounces of gold from 1.53 million ounces previously.
- The Amaruq project received permit approval and preliminary construction work began, while the Meliadine project remains on schedule for first production in Q2 2019.
- LaRonde Zone 5 declared commercial production as of June 1, 2018 and the mine life at Lapa was extended until the fourth quarter of 2018.
Raymond james-39th-annual-institutional-investors-conferenceAgnico Eagle Mines
- The document provides forward-looking statements regarding Agnico Eagle's operations, projects, production estimates, costs, and cash flows.
- It notes key assumptions underlying these statements and risks that could cause actual results to differ materially.
- Non-GAAP financial measures including total cash costs, all-in sustaining costs, and minesite costs are discussed and reconciled to IFRS measures.
Agnico Eagle reported its fourth quarter and full year 2017 results. Some highlights include:
- Production guidance for 2018 of 1.75-1.8 million ounces of gold at total cash costs between $650-700 per ounce and AISC of $950-1000 per ounce.
- Continued progress on construction at the Meliadine and Amaruq projects in Nunavut, with production expected to begin in 2019.
- Exploration success at several mines, with potential to extend mine lives and add new resources.
The LaRonde mine achieved record quarterly gold production of 105,345 ounces due to higher tonnage and grades from mining areas. Production guidance for 2017 was increased to over 1.68 million ounces of gold and unit costs were reduced based on strong year-to-date operational performance across Agnico Eagle's mines. Exploration continues at LaRonde to evaluate mining below current levels and infill drilling is ongoing to define higher grade mineralization in the western portions of the deposit.
The Barsele Gold Project is located in northern Sweden near existing infrastructure. Agnico Eagle has a 55% interest in the project. Previous exploration identified gold mineralization at the Central, Avan, and Skiråsen zones. In 2015-2016, Agnico Eagle conducted drilling programs to expand and define these zones, with the goal of releasing an initial inferred resource estimate by the end of 2016. Drilling to date has shown potential to extend mineralization to depth at the Avan zone.
The Nunavut Experience Mining and Exploring North of 60Agnico Eagle Mines
The document discusses permitting for mining and exploration projects in Nunavut, Canada. It notes that [1] Inuit organizations own subsurface and surface rights to portions of the land in Nunavut. [2] Key Inuit organizations that must be engaged with for agreements include Nunavut Tungavik Incorporated and regional Inuit organizations. [3] Permitting for exploration projects in Nunavut involves engaging with both Inuit organizations and various federal and territorial government bodies.
- Agnico Eagle reported strong fourth quarter and full year 2015 results, exceeding annual gold production guidance for the fourth consecutive year.
- For 2016, the company expects gold production of 1.525-1.565 million ounces at total cash costs of $590-630 per ounce, with continued stable production and costs through 2018.
- Significant increases in gold resources were reported at the Amaruq, El Barqueño, and Sisar Zone projects, which could support future production growth beyond 2019.
- Agnico Eagle reported its third quarter 2015 results on October 29, 2015.
- The document discusses forward-looking statements regarding production guidance, costs, and expansion projects and contains risks and assumptions.
- It also notes that certain measures used are non-GAAP measures and provides reconciliations to IFRS, and that production guidance is based on reserves but includes contingencies and different price assumptions than reserves.
This document provides an overview of a site tour that was conducted at El Barqueño on September 23, 2015. It begins with standard forward-looking statements and disclaimers about projections. It then provides notes to investors about the use of non-GAAP financial measures in evaluations, production guidance assumptions, mineral resource categories, and scientific and technical data standards. Key points covered include projected total cash costs, all-in sustaining costs, mineral reserve estimates used, and qualifications of individuals who approved the scientific and technical content.
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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).
2. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 2
Forward Looking Statements
The information in this presentation has been prepared as at July 26, 2017. Certain statements contained in this presentation constitute “forward-looking
statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of
Canadian provincial securities laws and are referred to herein as “forward-looking statements”. When used in this presentation, the words “anticipate”, “could”,
“estimate”, “expect”, “forecast”, “future”, “indicate”, “plan”, “possible”, “potential”, “will” and similar expressions are intended to identify forward-looking statements.
Such statements include, without limitation: the Company's forward-looking production guidance, including estimated ore grades, project timelines, drilling results,
metal production, life of mine estimates, total cash costs per ounce, all-in sustaining costs per ounce, other expenses and cash flows; the estimated timing and
conclusions of technical reports and other studies; the methods by which ore will be extracted or processed; statements concerning the Company’s plans to build
operations at Meliadine, Amaruq and LaRonde Zone 5, including the timing and funding thereof; statements concerning other expansion projects, recovery rates,
mill throughput, optimization and projected exploration expenditures, including costs and other estimates upon which such projections are based; statements
regarding timing and amounts of capital expenditures and other assumptions; estimates of future mineral reserves, mineral resources, mineral production,
optimization efforts and sales; estimates of mine life; estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof;
statements as to the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs and
estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of
mineral reserves and mineral resources; statements regarding the Company’s ability to obtain the necessary permits and authorizations in connection with its
exploration, development and mining operations and the anticipated timing thereof; statements regarding anticipated future exploration; the anticipated timing of
events with respect to the Company’s mine sites and statements regarding the sufficiency of the Company’s cash resources and other statements regarding
anticipated trends with respect to the Company's operations, exploration and the funding thereof. Such statements reflect the Company’s views as at the date of
this presentation and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Forward-looking
statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements,
are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the
preparation of the forward looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and
in management's discussion and analysis (“MD&A”) and the Company's Annual Information Form (“AIF”) for the year ended December 31, 2016 filed with Canadian
securities regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2016 (“Form 40-F”) filed with the U.S. Securities and
Exchange Commission (the "SEC") as well as: that there are no significant disruptions affecting operations; that production, permitting, development and expansion
at each of Agnico Eagle's properties proceeds on a basis consistent with current expectations and plans; that the relevant metal prices, foreign exchange rates and
prices for key mining and construction supplies will be consistent with Agnico Eagle's expectations; that Agnico Eagle's current estimates of mineral reserves,
mineral resources, mineral grades and metal recovery are accurate; that there are no material delays in the timing for completion of ongoing growth projects; that
the Company's current plans to optimize production are successful; and that there are no material variations in the current tax and regulatory environment. Many
factors, known and unknown, could cause the actual results to be materially different from those expressed or implied by such forward looking statements. Such
risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral
recovery estimates; uncertainty of future production, project development, capital expenditures and other costs; foreign exchange rate fluctuations; financing of
additional capital requirements; cost of exploration and development programs; mining risks; community protests; risks associated with foreign operations; the
unfavorable outcome of litigation involving the Partnership; governmental and environmental regulation; the volatility of the Company’s stock price; and risks
associated with the Company’s currency, fuel and by-product metal derivative strategies. For a more detailed discussion of such risks and other factors that may
affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this presentation, see the AIF and MD&A filed on
SEDAR at www.sedar.com and included in the Form 40-F filed on EDGAR at www.sec.gov, as well as the Company’s other filings with the Canadian securities
regulators and the SEC. Other than as required by law, the Company does not intend, and does not assume any obligation, to update these forward-looking
statements.
3. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 3
Notes to Investors
Note Regarding the Use of Non-GAAP Financial Measures
This presentation discloses certain measures, including “total cash costs per ounce”, “all-in sustaining costs per ounce” and “minesite costs per tonne” that are not standardized
measures under IFRS. These data may not be comparable to data reported by other issuers. For a reconciliation of these measures to the most directly comparable financial
information reported in the consolidated financial statements prepared in accordance with IFRS and for an explanation of how management uses these measures, see “Non-GAAP
Financial Performance Measures” in the MD&A filed on SEDAR at www.sedar.com and included in the Form 6-K filed on EDGAR at www.sec.gov, as well as the Company’s other
filings with the Canadian securities regulators and the SEC.
The total cash costs per ounce of gold produced is reported on both a by-product basis (deducting by-product metal revenues from production costs) and co-product basis (without
deducting by-product metal revenues). Unless otherwise specified total cash costs per ounce of gold produced is reported on a by-product basis in this presentation. The total cash
costs per ounce of gold produced on a by-product basis is calculated by adjusting production costs as recorded in the consolidated statements of income for by-product revenues,
unsold concentrate inventory production costs, smelting, refining and marketing charges and other adjustments, and then dividing by the number of ounces of gold produced. The
total cash costs per ounce of gold produced on a co-product basis is calculated in the same manner as the total cash costs per ounce of gold produced on a by-product basis except
that no adjustment is made for by-product metal revenues. Accordingly, the calculation of total cash costs per ounce of gold produced on a co-product basis does not reflect a
reduction in production costs or smelting, refining and marketing charges associated with the production and sale of by-product metals. The total cash costs per ounce of gold
produced is intended to provide information about the cash-generating capabilities of the Company’s mining operations. Management also uses these measures to monitor the
performance of the Company’s mining operations. As market prices for gold are quoted on a per ounce basis, using the total cash costs per ounce of gold produced on a by-product
basis measure allows management to assess a mine’s cash-generating capabilities at various gold prices.
All-in sustaining costs per ounce is used to show the full cost of gold production from current operations. The Company calculates all-in sustaining costs per ounce of gold produced
on a by-product basis as the aggregate of total cash costs per ounce on a by-product basis, sustaining capital expenditures (including capitalized exploration), general and
administrative expenses (including stock options) and non-cash reclamation provision expense per ounce of gold produced. The all-in sustaining costs per ounce of gold produced
on a co-product basis is calculated in the same manner as the all-in sustaining costs per ounce of gold produced on a by-product basis, except that the total cash costs per ounce
on a co-product basis are used, meaning no adjustment is made for by-product metal revenues. Management is aware that these per ounce measures of performance can be
affected by fluctuations in foreign exchange rates and, in the case of total cash costs per ounce of gold produced on a by-product basis, by-product metal prices. Management
compensates for these inherent limitations by using these measures in conjunction with minesite costs per tonne (discussed below) as well as other data prepared in accordance
with IFRS.
Minesite costs per tonne are calculated by adjusting production costs as recorded in the consolidated statements of income for unsold concentrate inventory production costs, and
then dividing by tonnes of ore processed. As the total cash costs per ounce of gold produced can be affected by fluctuations in by product metal prices and foreign exchange rates,
management believes that minesite costs per tonne provides additional information regarding the performance of mining operations, eliminating the impact of varying production
levels. Management also uses this measure to determine the economic viability of mining blocks. As each mining block is evaluated based on the net realizable value of each
tonne mined, in order to be economically viable the estimated revenue on a per tonne basis must be in excess of the minesite costs per tonne. Management is aware that this per
tonne measure of performance can be impacted by fluctuations in processing levels and compensates for this inherent limitation by using this measure in conjunction with production
costs prepared in accordance with IFRS.
Note Regarding Production Guidance
The gold production guidance is based on the Company’s mineral reserves but includes contingencies and assumes metal prices and foreign exchange rates that are different from
those used in the mineral reserve estimates. These factors and others mean that the gold production guidance presented in this presentation does not reconcile exactly with the
production models used to support these mineral reserves.
Currency
All amounts in this presentation are expressed in U.S. dollars except as otherwise noted.
4. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 4
Operations continue to deliver strong performance – Payable gold production in Q2 2017 was 427,743 ounces at total
cash costs per ounce of $556 and all-in sustaining costs per ounce (“AISC”) of $785
Full year production guidance increased and cost forecasts reduced – 2017 gold production is now expected to be 1.62
million ounces compared to previous guidance of 1.57 million ounces. Total cash costs per ounce are now expected to be
$580 to $610 (previously $595 to $625) and AISC are estimated to be $830 to $880 per ounce (previously $850 to $900)
Meliadine project continues to progress on schedule and budget – Underground development is ahead of plan and
engineering was 80% complete at the end of June 2017. Construction activities are progressing well with cranes and structural
steel for the erection of surface buildings being moved to site from the Rankin Inlet laydown facility. The first delivery of the
shipping season arrived in Rankin Inlet on June 30, 2017. Since then, three deliveries of construction materials have been
received at Rankin Inlet. Four additional deliveries of construction materials are expected over the next two months
Amaruq exploration program continues to yield positive results – At Amaruq, infill drilling has been completed on the
Whale Tail and V Zone deposits, and other target areas are now being explored. Significant results include: 6.9 grams per
tonne (“g/t”) gold over 6 metres on the western extension of the planned Whale Tail pit and 20.4 g/t gold over 10.4 metres at
the V Zone at 225 metres depth, beneath the planned pit outline
Infill and exploration drilling expected to result in mineral resource additions and conversions at multiple properties –
Significant results include: 7.1 g/t gold over 33.5 metres at the Rimpi deposit at Kittila, 23.7 g/t gold over 10.9 metres at
LaRonde 3 and 1.6 g/t gold over 18.2 metres near surface at the Bravo deposit at Creston Mascota
A quarterly dividend of $0.10 per share was declared
Second Quarter Highlights
5. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 5
Operating Results
Operations Continue to Deliver Strong Performance
Q2 2017 Total Operating Margin – $282.2MQ2 2017 Revenue by Metal
Meadowbank,
22%
LaRonde, 19%
Canadian
Malartic, 18%
Pinos Altos, 14%
Kittila, 8%
La India, 7%
Goldex, 6%
Lapa, 3%
Creston
Mascota, 3%
* Includes 5,646 ounces of pre-commercial gold production for the second quarter 2017 and 8,041 ounces for the first half 2017
Gold
95%
Silver
4%
Base Metals
1%
Q2 2017 H1 2017
All amounts are in US$ Production
(Gold oz)
Total Cash Costs
($/oz)
Operating Margin
($000’s)
Production
(Gold oz)
Total Cash Costs
($/oz)
Northern Business
LaRonde 72,090 $482 $54,062 151,002 $473
Lapa 15,881 $712 $8,189 31,241 $781
Goldex 30,337* $603 $15,990 63,008* $564
Canadian Malartic (50%) 82,509 $540 $51,237 153,891 $548
Kittila 47,156 $802 $21,741 98,777 $732
Meadowbank 95,289 $559 $62,668 180,659 $573
343,262 $582 $213,887 678,578 $577
Southern Business
Pinos Altos 48,196 $373 $41,138 93,556 $366
Creston Mascota 12,074 $550 $8,114 23,318 $538
La India 24,211 $552 $19,103 50,507 $493
84,481 $450 $68,355 167,381 $428
Total 427,743 $556 $282,242 845,959 $547
6. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 6
Financial Highlights
Strong Cash Flow Performance Driven by Solid Operating Results
Q2 2017 Q2 2016 H1 2017 H1 2016
Realized Gold Price ($/oz) $1,260 $1,268 $1,241 $1,230
Revenues (millions) $550 $538 $1,097 $1,028
Earnings (millions) $62 $19 $138 $47
Earnings per share (basic) $0.27 $0.09 $0.60 $0.21
Cash provided by operating activities* (millions) $184.0 $229.5 $406.6 $375.2
Operating Cash flow per share* (basic) $0.80 $1.03 $1.78 $1.70
*After changes in non-cash components of working capital
7. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 7
Financial Position
Strong Financial Liquidity Supports Next Phase of Growth
Strong Available Liquidity - $2.2B*
Debt Maturities**
*As at June 30, 2017, excluding accordion
As at June 30, 2017, the Company
had strong liquidity with $952 million in
cash and cash equivalents and $1.2
billion in undrawn credit lines
Low share count of 234 million fully
diluted shares after 60 years of
operating history
**As at June 30, 2017
$360
$225
$100 $100 $90
$200
$100
$50
$150
$10
$0
$50
$100
$150
$200
$250
$300
$350
$400
2020 2022 2023 2024 2025 2026 2027 2028 2029 2032
$952M
$1,200M
Cash and cash equivalents Undrawn credit facilities
9. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 9
Infill drilling is continuing from the 311 to the 371 levels, with a
focus on the western portion of the deposit where recent drilling
has continued to encounter higher-grade mineralization between
the 311 and 340 levels. Recent highlights include: 23.7 g/t gold
over 10.9 metres at 3,163 metres depth and 22.1 g/t gold over
10.9 metres at 3,240 metres depth
These new intersections support the geological model and are
expected to result in conversion of inferred mineral resources to
indicated mineral resources in the western portion of the LaRonde
3 project, in the year-end 2017 update
At LaRonde Zone 5, construction of the paste plant is underway
with completion expected in Q2 2018 (ready for the start of
mining). A new underground ramp is being driven with lateral
underground development underway on three levels in
preparation for mining activities
LaRonde
Infill Drilling Expected to Upgrade Mineral Resources
Proven & probable gold
reserves (million oz)
3.1
Indicated gold resource
(million oz)
0.6
Inferred gold resource
(million oz)
1.7
Q2 2017 Total Cash
Costs/oz
$482
Q2 2017 Production
(koz)
72
$70
$80
$90
$100
$110
$120
$130
$140
$150
-
10
20
30
40
50
60
70
80
Production (koz) Minesite Cost/tonne (C$)
See AEM February 15, 2017 press release and appendix for detailed breakdown of mineral reserves and mineral resources
10. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 10
LaRonde Mine – Composite Longitudinal Section
Drilling Continues to Encounter Higher Gold Grades in Western Portion of LaRonde 3 Project
11. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 11
In Q2 2017, the mill had record throughput levels of 57,000
tonnes per day due to increased volumes of softer ore being
processed
On April 19, 2017, the Government of Quebec announced
approval of the proposed expansion of the Canadian Malartic
mine and the deviation of Highway 117, which will allow
access to the Barnat deposit. Preparatory work will begin
after obtaining the certificates of authorization to be issued
by the Ministry of Sustainable Development, Environment
and Climate Change
During the Q2 2017, 35 holes (totaling 25,759 metres) were
drilled at Odyssey with a primary focus on further defining
the internal mineralized zones between the Odyssey North
and South Zones and expanding the mineral resources in
Odyssey South
Canadian Malartic (50% Interest)
Record Quarterly Production and Mill Throughput
Proven & probable gold
reserves (million oz)
3.6
Measured & indicated
gold resource (million oz)
0.6
Inferred gold resource
(million oz)
0.2
Q2 2017 Total Cash
Costs/oz
$540
Q2 2017 Production
(koz)
83
Mineral reserves and mineral resources represent Agnico Eagle’s 50% interest as of December 31, 2016
$20
$22
$24
$26
$28
$30
60
65
70
75
80
85
Production (koz) Minesite Cost/tonne (C$)
See AEM February 15, 2017 press release and appendix for detailed breakdown of mineral reserves and mineral resources
12. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 12
All excavations for the Deep 1 Project have now been completed, the
first stope has been mined out and backfilled and three additional
stopes are under development. The Rail-Veyor has been
commissioned and all six trains are expected to be operational in the
third quarter of 2017. The Company is evaluating the potential to mine a
portion of the Deep 2 Zone, which starts below the Deep 1 Zone at
1,200 metres below surface
Drilling is underway on the South Zone, which has higher grades and is
accessible from the Deep 1 Zone infrastructure. The Company is
evaluating the potential for the South Zone to provide incremental ore
feed to the Goldex mill
The Quebec Bureau des Audiences Publiques sur l'Environnement
report on the Akasaba West project was made public on June 2, 2017.
Final approval by the Quebec Government is under review. At the
federal level, discussions are ongoing on the wildlife habitat
compensation plan submitted for the Akasaba West project
Goldex
Deep 1 Project Achieves Commercial Production
Proven & probable gold
reserves (million oz)
0.9
Measured & indicated
gold resource (million oz)
1.8
Inferred gold resource
(million oz)
1.1
Q2 2017 Total Cash
Costs/oz
$603
Q2 2017 Production*
(koz)
30
$20
$25
$30
$35
$40
$45
$50
15
20
25
30
35
Production (koz) Minesite Cost/tonne (C$)
See AEM February 15, 2017 press release and appendix for detailed breakdown of mineral reserves and mineral resources
*Includes 5,646 ounces of pre-commercial gold production
13. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 13
During Q2 2017, further development was undertaken to
allow for additional mining in the Contact Zone, Zone 7 at
depth and Zone 4
Under the current mine plan, Lapa is expected to operate
until the end of the Q3 2017. Total gold production for
2017 is now expected to be approximately 40,000 ounces,
an increase from the previous forecast of 30,000 ounces
Lapa
Production now Expected to Extend to the end of the Third Quarter of 2017
Proven & probable gold
reserves (million oz)
0.04
Indicated gold resource
(million oz)
0.1
Inferred gold resource
(million oz)
0.2
Q2 2017 Total Cash
Costs/oz
$712
Q2 2017 Production
(koz)
16
$80
$100
$120
$140
$160
$180
-
5
10
15
20
25
30
Production (koz) Minesite Cost/tonne (C$)
See AEM February 15, 2017 press release and appendix for detailed breakdown of mineral reserves and mineral resources
14. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 14
Given the positive tonnage and grade reconciliation with the
Vault deposit block model, the Company now expects to
extend production activities at Meadowbank through year-end
2018. Additional opportunities are being evaluated to
potentially extend production into 2019 and bridge any gap
between cessation of mining operations at Meadowbank and
commencement of production at Amaruq
Agnico Eagle is working closely with Nunavut permitting
authorities on the Amaruq Phase I joint permitting process.
Final public hearings are scheduled to take place in September
2017. Permitting remains on schedule and permits are
expected by Q3 2018
In Q2 2017, 191 holes (36,000 metres) were drilled. The drill
program was focused primarily on infilling the Whale Tail pit
and V Zone pit mineral resources. Drilling since the end of May
has focused on extending the known deposits and testing
additional targets
Meadowbank
Strong Production Driven by Higher Grades and Mining Sequence
Proven & probable gold
reserves (million oz)
0.7
Measured & indicated
gold resource (million oz)
0.2
Inferred gold resource
(million oz)
0.1
Q2 2017 Total Cash
Costs/oz
$559
Q2 2017 Production
(koz)
95
$-
$20
$40
$60
$80
$100
$120
$140
-
20
40
60
80
100
120
Production (koz) Minesite Cost/tonne (C$)
See AEM February 15, 2017 press release and appendix for detailed breakdown of mineral reserves
and mineral resources
15. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 15
Amaruq Project – Local Geology Map
Exploration Drilling Suggests Potential Extensions of the V Zone to the West and at Depth to the Southeast
16. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 16
Amaruq Project - Composite Longitudinal Section
Q2 2017 Drilling Infills Whale Tail and V Zone
17. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 17
On June 30, 2017 the first delivery of the shipping season
arrived in Rankin Inlet. Since that time, three other
deliveries of construction materials have been received at
Rankin Inlet. An additional four deliveries of construction
materials are expected over the next two months
Construction activities are progressing well with cranes and
structural steel for the erection of surface buildings being
moved to site from the laydown facility. Closing in of the
process plant, power plant and multi-service buildings
continued and is expected to be completed by the end of
2017
At the end of Q2 2017, ~80% of the engineering work was
completed, and mine development is 3% above plan. The
estimated capital budget for 2017 is unchanged at $360
million
Meliadine
Shipping Season Underway; Project Remains On Schedule and Budget for a Q3 2019 Production Start-up
Proven & probable gold
reserves (million oz)
3.4
Indicated gold resource
(million oz)
3.3
Inferred gold resource
(million oz)
3.6
See AEM February 15 , 2017 press release and appendix for detailed breakdown of mineral reserves and mineral resources
18. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 18
In 2017, approximately $7.9 million will be spent on deep
drilling at Kittla (which includes the Sisar Zone). The goal of
this program is to expand the mineral resources in the
northern part of the property and demonstrate the economic
potential of the Sisar Zone as a new mining horizon at Kittila
The first conversion drilling campaign of the Main Zone in
the Rimpi Deep area using low-angle (almost horizontal)
drilling from the exploration ramp intersected significant
grades and thicknesses between 850 and 910 metres
depth, confirming Rimpi mineral reserves and mineral
resources
Studies are ongoing to evaluate the economics of increasing
throughput rates at Kittila to 2.0 million tonnes per annum.
The Company expects that this increased mining rate
scenario could be supported by the development of the
Rimpi and Sisar Zones
Kittila
Conversion of Main Zone in Rimpi Deep area, Expansion of Sisar Top and Central Zones
Proven & probable gold
reserves (million oz)
4.5
Measured & indicated
gold resource (million oz)
1.9
Inferred gold resource
(million oz)
1.4
Q2 2017 Total Cash
Costs/oz
Q2 2017 Production
(koz)
47
60 €
70 €
80 €
90 €
100 €
110 €
120 €
-
10
20
30
40
50
60
Production (koz) Minesite Cost/tonne (€)
$802
See AEM February 15, 2017 press release and appendix for detailed breakdown of mineral reserves and mineral resources
19. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 19
Kittila – Composite Longitudinal Section
Drilling Confirms and Extends Mineral Reserves and Mineral Resources in the Sisar Zone
21. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 21
In late June, a new silver flotation circuit was
commissioned at the Pinos Altos mill complex. The
new circuit is expected to result in approximately a 10-
12% increase in overall silver recovery
Work on the Phase III heap leach pad was completed in
Q2 2017 and Cell 2 was put into operation in April. The
pad was divided into two individual cells to facilitate
faster stacking
In 2017, a 2,500 metre drill program has been planned
for the Cerro Colorado Zone. Previous drilling outlined
a series of veins that are sub-parallel to the main Cerro
Colorado Structure. This year’s program is planned to
confirm the continuity of the upper level and
northwestern extension of Cerro Colorado Zone
Pinos Altos
New Silver Flotation Circuit Commissioned
Proven & probable gold
reserves (million oz)
1.4
Indicated gold resource
(million oz)
0.7
Inferred gold resource
(million oz)
0.4
Q2 2017 Total Cash
Costs/oz
$373
Q2 2017 Production
(koz)
48
$30
$35
$40
$45
$50
$55
$60
$65
$70
-
10
20
30
40
50
60 Production (koz) Minesite Cost/tonne
See AEM February 15, 2017 press release and appendix for detailed breakdown of mineral reserves and mineral resources
22. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 22
Exploration drilling in Q2 2017 focused on the Bravo and
Madrono Zones, immediately adjacent to the Creston
Mascota pit. Highlights from recent drilling at the Bravo
Zone include: 1.6 g/t gold and 29 g/t silver over 18.2
metres and 1.7 g/t gold and 13 g/t silver over 12.3 metres
The recent Madrono results show considerable thickness
of mineralization and down-dip continuity of the vein
system to the south; the zone continues to be open at
depth. Highlights from recent drilling include: 1.9 g/t gold
and 5 g/t silver over 13.6 metres and 2.5 g/t gold and 53
g/t silver over 8.2 metres
The recent drill results have the potential to increase the
gold and silver grade of the Bravo and Madrono Zones
and consequently improve the mineral resources at
Creston Mascota. Construction of an access road to the
Bravo Zone is underway. This road could ultimately be
used for pre-stripping activities on the zone
Creston Mascota
Drilling Continues to Extend High Grade Zone at Bravo and Madrono
Proven & probable gold
reserves (million oz)
0.1
Indicated gold resource
(million oz)
0.1
Inferred gold resource
(million oz)
0.03
Q2 2017 Total Cash
Costs/oz
$550
Q2 2017 Production
(koz)
12
$-
$5
$10
$15
$20
$25
$30
$35
$40
-
2
4
6
8
10
12
14
16
Production (koz) Minesite Cost/tonne
See AEM February 15, 2017 press release and appendix for detailed breakdown of mineral reserves and mineral resources
23. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 23
Creston Mascota Area – Local Geology Map
Drilling Expected to Increase Mineral Resources at Bravo and Madrono Zones
24. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 24
Relocation of the overland conveyor and liner installation for
an additional heap leach area is ~78% complete. The
project is expected to be completed in August 2017 and
improve processing efficiency
Installation of a 3,000 tonne-per-day mobile crusher is
underway. This crusher is expected to be operational
shortly and will provide an opportunity to treat incremental
ore that is currently being stockpiled
During Q2 2017, infill drilling was carried out on the Main
Zone to evaluate the potential to extend mineral reserves
and mineral resources below the current pit design
Drilling was also carried out at the nearby El Realito,
Chipriona, Cerro de Oro and El Cochi Zones during Q2
2017. These areas are being drilled to evaluate the
potential to increase mineral reserves and mineral resources
in close proximity to the current mining areas
La India
Exploration focused on Extending Near-Pit Mineralization and Other Near Mine Targets
Proven & probable gold
reserves (million oz)
1.0
Measured & indicated
gold resource (million oz)
0.9
Inferred gold resource
(million oz)
1.1
Q2 2017 Total Cash
Costs/oz
$552
Q2 2017 Production
(koz)
24
$-
$5
$10
$15
$20
$25
-
5
10
15
20
25
30
Production (koz) Minesite Cost/tonne
See AEM February 15, 2017 press release and appendix for detailed breakdown of mineral reserves and mineral resources
25. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 25
Second Quarter 2017 Summary
Increased 2017 production guidance with reduced costs
Continued solid operational performance drives strong cash flow generation
and enhances financial flexibility to support current phase of growth
Key growth projects remain on schedule and budget, positioning the
Company to produce 2.0 million ounces of gold in 2020
Successful minesite exploration expected to increase and upgrade mineral
reserves and mineral resources at year-end 2017
Resource conversion drilling completed at Amaruq, emphasis now on
extending known mineralized zones and testing new target areas
Focus on execution and optimization of growth plan and project pipeline
beyond 2024
29. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 29
Notes to Investors Regarding
The Use of Mineral Resources
Cautionary Note to Investors Concerning Estimates of Measured and Indicated Mineral Resources
This presentation uses the terms “measured mineral resources” and “indicated mineral resources”. Investors are advised that while those terms are recognized and required by
Canadian regulations, the SEC does not recognize them. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be
converted into mineral reserves.
Cautionary Note to Investors Concerning Estimates of Inferred Mineral Resources
This presentation also uses the term “inferred mineral resources”. Investors are advised that while this term is recognized and required by Canadian regulations, the SEC does not
recognize it. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their 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, except in rare cases. Investors are cautioned not to assume that any part or all of an inferred mineral resource exists, or is
economically or legally mineable.
Scientific and Technical Data
Cautionary Note To U.S. Investors - The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce. Agnico Eagle reports mineral reserve and mineral resource estimates in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum
Best Practice Guidelines for Exploration and Best Practice Guidelines for Estimation of Mineral Resources and Mineral Reserves in accordance with the Canadian securities regulatory
authorities' (the "CSA") National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). These standards are similar to those used by the SEC’s Industry Guide
No. 7, as interpreted by Staff at the SEC ("Guide 7"). However, the definitions in NI 43-101 differ in certain respects from those under Guide 7. Accordingly, mineral reserve
information contained herein may not be comparable to similar information disclosed by U.S. companies. Under the requirements of the SEC, 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. A
"final" or "bankable" feasibility study is required to meet the requirements to designate mineral reserves under Industry Guide 7. Agnico Eagle uses certain terms in this presentation,
such as "measured", "indicated", "inferred" and "resources" that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC.
The assumptions used for the December 2016 mineral reserves estimate at all longer life mines and advanced projects reported by the Company (other than the Meliadine project, the
Canadian Malartic mine and the Upper Beaver project) were $1,150 per ounce gold, $16.50 per ounce silver, $0.95 per pound zinc, $2.15 per pound copper and foreign exchange
rates of C$1.20 per $1.00, 16.00 Mexican pesos per $1.00 and $1.15 per €1.00 for all mines and projects other than the Lapa and Meadowbank mines in Canada, and the Creston
Mascota mine and Santo Niño pit at the Pinos Altos mine in Mexico. Due to the shorter remaining mine life for the Lapa and Meadowbank mines, and the Creston Mascota mine and
Santo Niño pit at the Pinos Altos mine, the foreign exchange rates used were C$1.30 per $1.00 and 16.00 Mexican pesos per $1.00 (other assumptions unchanged). At the Meliadine
project, the same assumptions at December 2015 were used to estimate the December 2016 mineral reserves, which were $1,100 per ounce gold and a foreign exchange rate of
C$1.16 per $1.00.
The Partnership, owned by Agnico Eagle (50%) and Yamana (50%), which owns and operates the Canadian Malartic mine, and CMC, owned by Agnico Eagle (50%) and Yamana
(50%), which owns and manages the Upper Beaver project in Kirkland Lake, have estimated the December 2016 mineral reserves of the Canadian Malartic mine and the Upper Beaver
project using the following assumptions: $1,200 per ounce gold; a cut-off grade at the Canadian Malartic mine between 0.33 g/t and 0.37 g/t gold (depending on the deposit); a
C$125/tonne net smelter return for the Upper Beaver project; and a foreign exchange rate of C$1.25 per $1.00.
NI 43-101 requires mining companies to disclose mineral reserves and mineral resources using the subcategories of "proven mineral reserves”, "probable mineral reserves”, "measured
mineral resources”, "indicated mineral resources” and "inferred mineral resources”. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
30. AGNICO EAGLE | SECOND QUARTER 2017 RESULTS | 30
Notes to Investors Regarding
The Use of Mineral Resources
A mineral reserve is the economically mineable part of a measured and/or indicated mineral resource. It includes diluting materials and allowances for losses, which may occur when
the material is mined or extracted and is defined by studies at pre-feasibility or feasibility level as appropriate that include application of modifying factors. Such studies demonstrate
that, at the time of reporting, extraction could reasonably be justified.
Modifying factors are considerations used to convert mineral resources to mineral reserves. These include, but are not restricted to, mining, processing, metallurgical, infrastructure,
economic, marketing, legal, environmental, social and governmental factors.
A proven mineral reserve is the economically mineable part of a measured mineral resource. A proven mineral reserve implies a high degree of confidence in the modifying factors. A
probable mineral reserve is the economically mineable part of an indicated and, in some circumstances, a measured mineral resource. The confidence in the modifying factors
applying to a probable mineral reserve is lower than that applying to a proven mineral reserve.
A mineral resource is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable
prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a mineral resource are known, estimated or
interpreted from specific geological evidence and knowledge, including sampling.
A measured mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with confidence
sufficient to allow the application of modifying factors to support detailed mine planning and final evaluation of the economic viability of the deposit. Geological evidence is derived from
detailed and reliable exploration, sampling and testing and is sufficient to confirm geological and grade or quality continuity between points of observation. An indicated mineral
resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the
application of modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately
detailed and reliable exploration, sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation. An inferred mineral
resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is
sufficient to imply but not verify geological and grade or quality continuity.
Investors are cautioned not to assume that part or all of an inferred mineral resource exists, or is economically or legally mineable.
A feasibility study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of
applicable modifying factors together with any other relevant operational factors and detailed financial analysis that are necessary to demonstrate, at the time of reporting, that
extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a proponent or financial institution to
proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a Pre-Feasibility Study.
The effective date for all of the Company's mineral resource and mineral reserve estimates in this presentation is December 31, 2016. Additional information about each of the mineral
projects that is required by NI 43-101, sections 3.2 and 3.3 and paragraphs 3.4 (a), (c) and (d) can be found in the Technical Reports filed by Agnico Eagle, which may be found at
www.sedar.com. Other important operating information can be found in the Company's AIF and Form 40-F.
The scientific and technical information relating to Agnico Eagle’s mineral reserves and mineral resources contained herein (other than the Canadian Malartic mine) has been approved
by Daniel Doucet, Eng., Senior Corporate Director, Reserve Development; and relating to mineral reserves and mineral resources at the Canadian Malartic mine contained herein has
been approved by Donald Gervais, P.Geo., Director of Technical Services at Canadian Malartic Corporation. Each of them is a "Qualified Person" for the purposes of NI 43-101.