- The document reports on Primero Mining Corp's third quarter 2013 results, highlighting record gold and silver production and low cash costs. Production and financial guidance for 2013 was increased. Exploration success continued with four new high-grade veins discovered at the San Dimas mine. The expansion of the San Dimas mine to 2,500 tonnes per day remains on track for Q1 2014.
- Primero reported strong results for Q1 2013, with record production and earnings, and strengthened its balance sheet.
- The presentation outlines Primero's growth strategy, including expanding the San Dimas mine and acquiring Cerro del Gallo.
- The Cerro del Gallo acquisition would diversify Primero's production profile and significantly increase its reserves and resources.
Seabridge Gold owns several large gold and copper projects in Canada including KSM and Courageous Lake. KSM is one of the largest undeveloped gold and copper projects in the world based on reserves. A preliminary feasibility study showed KSM could produce over 500,000 ounces of gold annually for over 50 years at low costs. Courageous Lake is Canada's second largest undeveloped gold reserve and has potential for open pit mining at over twice the grade of some other Canadian projects. Seabridge continues to explore and advance permitting for these projects located in mining-friendly Canada.
This document discusses the gold development company Novagold Resources Inc. It highlights Novagold's two main projects - Donlin Gold in Alaska and Galore Creek in British Columbia. Donlin Gold is described as one of the most significant gold projects in the world due to its large size, high grade, and excellent exploration potential. It has over 39 million ounces of gold in measured and indicated resources. The document notes that permitting for Donlin Gold began in the third quarter of 2012. It also discusses trends in the gold industry of declining ore grades and rising costs, and states that projects the size of Donlin Gold are becoming increasingly rare.
- Primero provides a corporate update, outlining its strong financial position with $141M cash balance and projected $110M annual operating cash flow.
- Production is forecasted to increase from 110,000 gold equivalent ounces in 2012 to 205,000 in 2015 through expansion of the San Dimas mine and development of the Cerro del Gallo project.
- Exploration upside exists at both San Dimas, where reserves have increased 31% and resources 35% year-over-year, and Cerro del Gallo, which hosts a large gold domain and regional prospects.
- The corporate update provides an overview of Primero's operations and growth plans. It discusses the San Dimas mine, the pending acquisition of the Cerro Del Gallo project, and the company's strategy to increase production to 400,000-500,000 ounces per year through its existing assets and growth opportunities.
- Financial results for Q1 2013 showed increased production and cash flow compared to Q1 2012. The balance sheet contained $141 million in cash as of March 31, 2013.
- Details were given on plans to expand the San Dimas mine to 2,500 tonnes per day by Q1 2014 and exploration activities aimed at further resource growth. The Cerro Del Gallo acquisition is expected to close
We announced our fourth quarter financial results Feb. 11, the conference call & webcast to discuss these results took place today. A replay is available on our website. Thank you!
2016 Annual General Meeting of ShareholdersNOVAGOLD
This document summarizes the 2016 Annual General Meeting of Shareholders for NovaGold Resources Inc. It provides an agenda for the meeting including remarks from the Vice President & CFO, President & CEO, and Chairman. It also contains cautionary statements regarding forward-looking information and scientific and technical data. The document discusses NovaGold's projects including Donlin Gold in Alaska and Galore Creek in British Columbia and highlights their scale, quality and location in top-rated mining jurisdictions. It outlines NovaGold's achievements in 2015 including permitting progress for Donlin Gold and mine planning for Galore Creek. Goals for 2016 include further advancing Donlin Gold permitting toward a construction decision.
TerraX Minerals Inc. owns the Northbelt property located near Yellowknife, NWT. The property covers 36.5 sq km along a 13 km strike length of the Yellowknife gold belt, known to host multi-million ounce deposits. Previous exploration identified numerous gold prospects including the Crestaurum deposit. TerraX's 2013 work program located high-grade gold in new zones, discovered high-grade base metals at Homer Lake, conducted airborne geophysics defining targets, and resampled historical drill cores at Crestaurum returning intercepts up to 67.69 g/t Au over 2m. TerraX plans a 1500m drill program at Crestaurum in 2014 to evaluate the
- Primero reported strong results for Q1 2013, with record production and earnings, and strengthened its balance sheet.
- The presentation outlines Primero's growth strategy, including expanding the San Dimas mine and acquiring Cerro del Gallo.
- The Cerro del Gallo acquisition would diversify Primero's production profile and significantly increase its reserves and resources.
Seabridge Gold owns several large gold and copper projects in Canada including KSM and Courageous Lake. KSM is one of the largest undeveloped gold and copper projects in the world based on reserves. A preliminary feasibility study showed KSM could produce over 500,000 ounces of gold annually for over 50 years at low costs. Courageous Lake is Canada's second largest undeveloped gold reserve and has potential for open pit mining at over twice the grade of some other Canadian projects. Seabridge continues to explore and advance permitting for these projects located in mining-friendly Canada.
This document discusses the gold development company Novagold Resources Inc. It highlights Novagold's two main projects - Donlin Gold in Alaska and Galore Creek in British Columbia. Donlin Gold is described as one of the most significant gold projects in the world due to its large size, high grade, and excellent exploration potential. It has over 39 million ounces of gold in measured and indicated resources. The document notes that permitting for Donlin Gold began in the third quarter of 2012. It also discusses trends in the gold industry of declining ore grades and rising costs, and states that projects the size of Donlin Gold are becoming increasingly rare.
- Primero provides a corporate update, outlining its strong financial position with $141M cash balance and projected $110M annual operating cash flow.
- Production is forecasted to increase from 110,000 gold equivalent ounces in 2012 to 205,000 in 2015 through expansion of the San Dimas mine and development of the Cerro del Gallo project.
- Exploration upside exists at both San Dimas, where reserves have increased 31% and resources 35% year-over-year, and Cerro del Gallo, which hosts a large gold domain and regional prospects.
- The corporate update provides an overview of Primero's operations and growth plans. It discusses the San Dimas mine, the pending acquisition of the Cerro Del Gallo project, and the company's strategy to increase production to 400,000-500,000 ounces per year through its existing assets and growth opportunities.
- Financial results for Q1 2013 showed increased production and cash flow compared to Q1 2012. The balance sheet contained $141 million in cash as of March 31, 2013.
- Details were given on plans to expand the San Dimas mine to 2,500 tonnes per day by Q1 2014 and exploration activities aimed at further resource growth. The Cerro Del Gallo acquisition is expected to close
We announced our fourth quarter financial results Feb. 11, the conference call & webcast to discuss these results took place today. A replay is available on our website. Thank you!
2016 Annual General Meeting of ShareholdersNOVAGOLD
This document summarizes the 2016 Annual General Meeting of Shareholders for NovaGold Resources Inc. It provides an agenda for the meeting including remarks from the Vice President & CFO, President & CEO, and Chairman. It also contains cautionary statements regarding forward-looking information and scientific and technical data. The document discusses NovaGold's projects including Donlin Gold in Alaska and Galore Creek in British Columbia and highlights their scale, quality and location in top-rated mining jurisdictions. It outlines NovaGold's achievements in 2015 including permitting progress for Donlin Gold and mine planning for Galore Creek. Goals for 2016 include further advancing Donlin Gold permitting toward a construction decision.
TerraX Minerals Inc. owns the Northbelt property located near Yellowknife, NWT. The property covers 36.5 sq km along a 13 km strike length of the Yellowknife gold belt, known to host multi-million ounce deposits. Previous exploration identified numerous gold prospects including the Crestaurum deposit. TerraX's 2013 work program located high-grade gold in new zones, discovered high-grade base metals at Homer Lake, conducted airborne geophysics defining targets, and resampled historical drill cores at Crestaurum returning intercepts up to 67.69 g/t Au over 2m. TerraX plans a 1500m drill program at Crestaurum in 2014 to evaluate the
NOVAGOLD Corporate Presentation – September 2016NOVAGOLD
This document provides an overview of NovaGold Resources Inc., a gold development company focused on the Donlin Gold project in Alaska and the Galore Creek project in British Columbia. It begins with cautionary statements regarding forward-looking information and notes that all dollar amounts are in US currency unless otherwise noted. It then introduces some of NovaGold's board members and leadership team, highlighting their extensive experience in the mining industry. The document proceeds to discuss fundamentals of the gold industry, including gold's performance as a currency, declining global gold production, scarce quality assets, and long development timelines for new mines. It positions Donlin Gold and Galore Creek as large, high-quality projects located in safe jurisdictions. Specific details are provided about
- Primero reported its second quarter 2014 results on August 7, 2014.
- Revenue increased 52% to $80 million compared to Q2 2013. Production also increased significantly across operations.
- Cash costs remained low and the company has a strong cash balance with additional liquidity through an undrawn credit line, providing funding for continued growth with no shareholder dilution.
The corporate presentation provides an overview of Seabridge Gold and its key projects. It summarizes that Seabridge has proven and probable gold reserves of 44.7 million ounces and copper reserves of 10 billion pounds. It also notes that Seabridge has a low valuation of $8 per ounce of gold reserves and that its projects have low political risk as they are all located in Canada. A significant portion of the presentation focuses on the KSM project, which it describes as the largest undeveloped gold and copper project in the world based on reserves. It provides details on KSM's favorable logistics, large reserve size, and preliminary feasibility study outlining an long life mine plan with attractive economics.
Seabridge Gold's presentation outlines key details of the company and its projects. It holds 44.7 million ounces of gold reserves and 10 billion pounds of copper reserves, ranking it among the top ten gold companies by reserves. It has a low valuation of $7 per ounce of reserves and strong exploration upside. The company's flagship KSM project in British Columbia is the largest undeveloped gold-copper project by reserves and has received environmental approval. Seabridge also owns the Courageous Lake gold project in the Northwest Territories, which is Canada's second largest undeveloped gold reserve.
Seabridge Gold presented information on its KSM project in Canada. KSM is one of the largest undeveloped gold and copper projects in the world, with over 44 million ounces of gold reserves and over 10 billion pounds of copper reserves. A preliminary feasibility study showed a large, long-life mine plan with strong economics, including an 11.5% IRR at base case metal prices. KSM is located in a mining-friendly jurisdiction in Canada, has received environmental assessment approval, and Seabridge has been working closely with local First Nations on impact agreements. The project has significant exploration upside and benefits from low political risk and favorable logistics in Canada.
Seabridge Gold presents information on its projects and investment opportunities. It owns 44.7 million ounces of gold reserves across its KSM and Courageous Lake projects in Canada. KSM is the largest undeveloped gold and copper project by reserves worldwide. It has completed a preliminary feasibility study showing a large, long-life mine with low costs and excellent economics. Seabridge sees potential to further expand reserves through ongoing exploration. The presentation promotes Seabridge as having a low share count and valuation compared to peers, highlighting its investment potential.
The document summarizes information about NovaGold Resources Inc., which is developing two major gold and copper projects - Donlin Gold in Alaska and Galore Creek in British Columbia. Donlin Gold is described as one of the largest gold development projects in the world with the potential to be one of the top gold producers globally. It has a large resource size, is located in a safe jurisdiction, and has the support of local stakeholders. The document notes that Donlin Gold has double the average grade of other gold deposits worldwide. NovaGold is also developing the Galore Creek copper project through a partnership. The document provides cautionary statements regarding the forward-looking and scientific nature of the information presented.
Sierra Metals Inc. (formerly Dia Bras Exploration Inc.) is Latin America's newest mid-tier precious and base metals producer and offers a strong value proposition to investors based on:
1) Undervalued vs. Peers: Low cash cost producer with strong upside potential for growth.
2) A Solid Financial Position: Strong positive cash flow with $80 million in the treasury and $83 million in earnings during 2012.
3) Diversified Asset Base: Precious and base metals producer with three operating mines in Peru and Mexico.
4) Substantial Reserve Growth: Expanded Reserves 8x in two years; and, 30% annual production growth in 2012.
5) Stable Investment Yield: $10 million annual dividend plus share buyback program.
- Detour Gold is Canada's next intermediate gold producer, with its core asset being the Detour Lake mine in Ontario.
- Commercial production at Detour Lake started in Q1 2013, with gold production guidance of 260,000-320,000 ounces for the year.
- The mine has mineral reserves of 15.6 million ounces of gold and potential for organic growth through exploration and expansion.
- Primero acquired the San Dimas gold-silver mine in Mexico which has produced over 30 million ounces of silver and 1.6 million ounces of gold historically.
- The mine has an estimated 5 year average production of 157,000 gold equivalent ounces at a cash cost of $337 per ounce and significant exploration potential.
- Primero has implemented optimization initiatives at San Dimas including a new dry tailings system, improved power infrastructure, and increased mining rates to improve production and reduce costs.
Cascada updated corporate presentation september 2021ZhalaRahim
Cascada Silver is exploring for high-grade silver in Chile. It has a portfolio of four silver-focused projects in Region III of Chile, including its flagship Agua Amarga property which was the site of historic high-grade silver mining in the 1800s. Cascada recently completed an initial drilling program at Agua Amarga but results were disappointing. The company is now conducting further studies to evaluate the potential for base metal mineralization at depth. Cascada is well-funded with $2 million and led by a management team with a track record of major discoveries in Chile.
Probe Metals is a well-funded gold explorer focused on its district-scale land package in Val-d'Or, Quebec. The company recently consolidated its land position to 327 km2 within the prolific Val-d'Or mining camp. An initial NI 43-101 resource estimate for the Val-d'Or East project indicated 770koz of gold at 2.6 g/t in the inferred category. Probe has $30 million in cash/investments and is conducting a 75,000m drill program aimed at expanding resources along the property's Pascalis Gold Trend. The company's management team has a track record of successful exploration and development projects.
Seabridge Gold presented information on its KSM project in Canada. KSM is one of the largest undeveloped gold and copper projects in the world, with over 44 million ounces of gold reserves and over 10 billion pounds of copper. A preliminary feasibility study showed strong economics for the project, with an after-tax NPV of $4.5 billion and 11.5% IRR using $1,330 gold price. Seabridge has a very low valuation of only $9 per ounce of gold reserves and has undertaken extensive consultation with local First Nations and regulators to advance the KSM project through environmental assessment and permitting.
Seabridge Gold owns several gold and copper development projects in Canada, including its flagship KSM project. KSM has over 44 million ounces of gold reserves and over 10 billion pounds of copper reserves, ranking it as one of the largest undeveloped gold and copper projects worldwide. Seabridge has a low valuation of $9 per ounce of gold reserves and has maintained low shareholder dilution over time as its resources have grown substantially. The company's projects are located in mining-friendly Canada and have potential for further exploration success and resource growth.
Primero corporate presentation may 2014 merrill lynch conferencev2primero_mining
This document provides an overview of Primero Mining Corp., a mid-tier gold producer with assets located in safe mining jurisdictions. It discusses Primero's flagship San Dimas mine in Mexico, which has a long history of production. The document outlines Primero's growth strategy, which includes expanding production at San Dimas and developing its Black Fox and Cerro del Gallo projects. It also notes Primero's strong financial position, with $86 million in cash reserves and $113 million in total liquidity as of May 2014.
Primero corporate presentation may 2014 v2primero_mining
- Primero reported its corporate update for May 2014, which included information on its assets and growth plans.
- The company expects to increase gold production by up to 70% in 2014 compared to 2013, driven by ramp ups at its Black Fox and San Dimas mines.
- Primero has a portfolio of long-life, high-grade assets in stable jurisdictions of Mexico and Canada, including its flagship San Dimas mine and the recently acquired Black Fox mine.
Primero Corporate Presentation - July 2014primero_mining
- The corporate update document provides an overview of Primero Mining Corp., including its portfolio of mining assets located in safe jurisdictions, production and cost outlook for 2014, and growth plans.
- Primero aims to deliver measured production growth while maintaining a strong balance sheet and prudent debt levels. Key assets include the San Dimas, Black Fox, and Grey Fox projects which have indicated potential for expansion and increased reserves.
- Exploration programs are ongoing across Primero's properties to further unlock value through discovery of additional mineral resources.
Sierra Metals Inc. is a growing mid-tier precious and base metals producer in Latin America. The Company owns two low-cost mines in commercial production: the Yauricocha mine in Peru and the Bolivar mine in Mexico.
Sierra Metals Inc., formerly known as Dia Bras Exploration Inc., began exploration and development work in Mexico in early 2003. In 2004, the Company acquired the Bolivar mine property and began active development to advance the property towards production. In 2006, a rapid expansion into the Cusihuiriachic (“Cusi”) silver district resulted in the Company acquiring a 100 km2 property encompassing 12 former silver mines situated within a close proximity to the wholly owned Malpaso Mill. From 2006 to 2011 the Company shipped high-grade development ore for custom milling to the Malpasso Mill from the Bolivar project. Starting in 2009 the Company also started producing silver dore at the Malpaso Mill from development ore at the Cusi project.
In the spring of 2011, the Company expanded operations into Peru with the purchase of 82% of Sociedad Minera Corona S.A. (“Corona”) for a total purchase price of $286 million. Corona’s main asset is the Yauricocha mine in the Yauyos province in western central Peru. This purchase dramatically changed the production profile of Sierra Metals and excelled the Company from a junior exploration and development company to a mid-tier precious and base metals producer.
This rapid expansion in Peru was followed by the completion of the Piedras Verdes mill in Mexico and the announcement of commercial production at the Bolivar mine. Located 6 km from the Bolivar mine, the Piedras Verdes mill has a throughput capacity of 1,000 tpd with plans to expand to 2,000 tpd by mid-2013.
Sierra Metals is currently focused on expanding production at its Yauricocha and Bolivar mines and advancing its Cusi Property into commercial production. Additionally, the Company is completing an aggressive exploration and development programme to expand global reserves and resources and advance its pipeline of projects towards to production.
Seabridge Gold Corporate Presentation - February 2014Company Spotlight
Seabridge Gold owns several gold and copper projects located in Canada, including its flagship KSM project. KSM has over 44 million ounces of gold reserves and 10 billion pounds of copper reserves, ranking it among the largest undeveloped gold and copper projects globally. Recent drilling has also discovered the Deep Kerr zone below the main KSM deposits, indicating potential to significantly increase reserves. Seabridge has a strong balance sheet with low share dilution, and trades at a very low valuation compared to peers given the quality and size of its reserves. The presentation outlines the positive economics demonstrated by the preliminary feasibility study for KSM and discusses the project's permitting process and support from local First Nations groups.
2018 Annual General Meeting of ShareholdersNOVAGOLD
1) Gold production has increased in recent decades but existing mines are being depleted while few new discoveries have been made to replace depleted sources, leading to a projected peak in production in 2019 and declines thereafter.
2) Despite increased exploration spending, the amount of gold discovered has declined sharply since 2006 due to declining discovery rates.
3) Gold grades have plunged 39% between 1995 and 2015, while costs have increased significantly, and are expected to continue rising as mining moves to lower quality deposits in more difficult locations.
This document discusses trends in the bed and breakfast industry and strategies for adaptation. It notes that customers' desires are changing and that competition is increasing. B&Bs need to modernize their websites, consider new amenities, and find ways to appeal to multiple generations of travelers. The document advocates for a grassroots campaign to increase awareness of B&Bs and shift perceptions. It announces an upcoming industry conference to discuss strategies for adapting to trends and growing business.
The document describes an ideal city through acrostics and descriptions provided by students. The city has lots of green spaces like trees, flowers and grass. It bans cars but encourages bicycles, public transport and animals. Playgrounds are abundant and people are happy. The sky is filled with rainbows, balloons and fireworks.
NOVAGOLD Corporate Presentation – September 2016NOVAGOLD
This document provides an overview of NovaGold Resources Inc., a gold development company focused on the Donlin Gold project in Alaska and the Galore Creek project in British Columbia. It begins with cautionary statements regarding forward-looking information and notes that all dollar amounts are in US currency unless otherwise noted. It then introduces some of NovaGold's board members and leadership team, highlighting their extensive experience in the mining industry. The document proceeds to discuss fundamentals of the gold industry, including gold's performance as a currency, declining global gold production, scarce quality assets, and long development timelines for new mines. It positions Donlin Gold and Galore Creek as large, high-quality projects located in safe jurisdictions. Specific details are provided about
- Primero reported its second quarter 2014 results on August 7, 2014.
- Revenue increased 52% to $80 million compared to Q2 2013. Production also increased significantly across operations.
- Cash costs remained low and the company has a strong cash balance with additional liquidity through an undrawn credit line, providing funding for continued growth with no shareholder dilution.
The corporate presentation provides an overview of Seabridge Gold and its key projects. It summarizes that Seabridge has proven and probable gold reserves of 44.7 million ounces and copper reserves of 10 billion pounds. It also notes that Seabridge has a low valuation of $8 per ounce of gold reserves and that its projects have low political risk as they are all located in Canada. A significant portion of the presentation focuses on the KSM project, which it describes as the largest undeveloped gold and copper project in the world based on reserves. It provides details on KSM's favorable logistics, large reserve size, and preliminary feasibility study outlining an long life mine plan with attractive economics.
Seabridge Gold's presentation outlines key details of the company and its projects. It holds 44.7 million ounces of gold reserves and 10 billion pounds of copper reserves, ranking it among the top ten gold companies by reserves. It has a low valuation of $7 per ounce of reserves and strong exploration upside. The company's flagship KSM project in British Columbia is the largest undeveloped gold-copper project by reserves and has received environmental approval. Seabridge also owns the Courageous Lake gold project in the Northwest Territories, which is Canada's second largest undeveloped gold reserve.
Seabridge Gold presented information on its KSM project in Canada. KSM is one of the largest undeveloped gold and copper projects in the world, with over 44 million ounces of gold reserves and over 10 billion pounds of copper reserves. A preliminary feasibility study showed a large, long-life mine plan with strong economics, including an 11.5% IRR at base case metal prices. KSM is located in a mining-friendly jurisdiction in Canada, has received environmental assessment approval, and Seabridge has been working closely with local First Nations on impact agreements. The project has significant exploration upside and benefits from low political risk and favorable logistics in Canada.
Seabridge Gold presents information on its projects and investment opportunities. It owns 44.7 million ounces of gold reserves across its KSM and Courageous Lake projects in Canada. KSM is the largest undeveloped gold and copper project by reserves worldwide. It has completed a preliminary feasibility study showing a large, long-life mine with low costs and excellent economics. Seabridge sees potential to further expand reserves through ongoing exploration. The presentation promotes Seabridge as having a low share count and valuation compared to peers, highlighting its investment potential.
The document summarizes information about NovaGold Resources Inc., which is developing two major gold and copper projects - Donlin Gold in Alaska and Galore Creek in British Columbia. Donlin Gold is described as one of the largest gold development projects in the world with the potential to be one of the top gold producers globally. It has a large resource size, is located in a safe jurisdiction, and has the support of local stakeholders. The document notes that Donlin Gold has double the average grade of other gold deposits worldwide. NovaGold is also developing the Galore Creek copper project through a partnership. The document provides cautionary statements regarding the forward-looking and scientific nature of the information presented.
Sierra Metals Inc. (formerly Dia Bras Exploration Inc.) is Latin America's newest mid-tier precious and base metals producer and offers a strong value proposition to investors based on:
1) Undervalued vs. Peers: Low cash cost producer with strong upside potential for growth.
2) A Solid Financial Position: Strong positive cash flow with $80 million in the treasury and $83 million in earnings during 2012.
3) Diversified Asset Base: Precious and base metals producer with three operating mines in Peru and Mexico.
4) Substantial Reserve Growth: Expanded Reserves 8x in two years; and, 30% annual production growth in 2012.
5) Stable Investment Yield: $10 million annual dividend plus share buyback program.
- Detour Gold is Canada's next intermediate gold producer, with its core asset being the Detour Lake mine in Ontario.
- Commercial production at Detour Lake started in Q1 2013, with gold production guidance of 260,000-320,000 ounces for the year.
- The mine has mineral reserves of 15.6 million ounces of gold and potential for organic growth through exploration and expansion.
- Primero acquired the San Dimas gold-silver mine in Mexico which has produced over 30 million ounces of silver and 1.6 million ounces of gold historically.
- The mine has an estimated 5 year average production of 157,000 gold equivalent ounces at a cash cost of $337 per ounce and significant exploration potential.
- Primero has implemented optimization initiatives at San Dimas including a new dry tailings system, improved power infrastructure, and increased mining rates to improve production and reduce costs.
Cascada updated corporate presentation september 2021ZhalaRahim
Cascada Silver is exploring for high-grade silver in Chile. It has a portfolio of four silver-focused projects in Region III of Chile, including its flagship Agua Amarga property which was the site of historic high-grade silver mining in the 1800s. Cascada recently completed an initial drilling program at Agua Amarga but results were disappointing. The company is now conducting further studies to evaluate the potential for base metal mineralization at depth. Cascada is well-funded with $2 million and led by a management team with a track record of major discoveries in Chile.
Probe Metals is a well-funded gold explorer focused on its district-scale land package in Val-d'Or, Quebec. The company recently consolidated its land position to 327 km2 within the prolific Val-d'Or mining camp. An initial NI 43-101 resource estimate for the Val-d'Or East project indicated 770koz of gold at 2.6 g/t in the inferred category. Probe has $30 million in cash/investments and is conducting a 75,000m drill program aimed at expanding resources along the property's Pascalis Gold Trend. The company's management team has a track record of successful exploration and development projects.
Seabridge Gold presented information on its KSM project in Canada. KSM is one of the largest undeveloped gold and copper projects in the world, with over 44 million ounces of gold reserves and over 10 billion pounds of copper. A preliminary feasibility study showed strong economics for the project, with an after-tax NPV of $4.5 billion and 11.5% IRR using $1,330 gold price. Seabridge has a very low valuation of only $9 per ounce of gold reserves and has undertaken extensive consultation with local First Nations and regulators to advance the KSM project through environmental assessment and permitting.
Seabridge Gold owns several gold and copper development projects in Canada, including its flagship KSM project. KSM has over 44 million ounces of gold reserves and over 10 billion pounds of copper reserves, ranking it as one of the largest undeveloped gold and copper projects worldwide. Seabridge has a low valuation of $9 per ounce of gold reserves and has maintained low shareholder dilution over time as its resources have grown substantially. The company's projects are located in mining-friendly Canada and have potential for further exploration success and resource growth.
Primero corporate presentation may 2014 merrill lynch conferencev2primero_mining
This document provides an overview of Primero Mining Corp., a mid-tier gold producer with assets located in safe mining jurisdictions. It discusses Primero's flagship San Dimas mine in Mexico, which has a long history of production. The document outlines Primero's growth strategy, which includes expanding production at San Dimas and developing its Black Fox and Cerro del Gallo projects. It also notes Primero's strong financial position, with $86 million in cash reserves and $113 million in total liquidity as of May 2014.
Primero corporate presentation may 2014 v2primero_mining
- Primero reported its corporate update for May 2014, which included information on its assets and growth plans.
- The company expects to increase gold production by up to 70% in 2014 compared to 2013, driven by ramp ups at its Black Fox and San Dimas mines.
- Primero has a portfolio of long-life, high-grade assets in stable jurisdictions of Mexico and Canada, including its flagship San Dimas mine and the recently acquired Black Fox mine.
Primero Corporate Presentation - July 2014primero_mining
- The corporate update document provides an overview of Primero Mining Corp., including its portfolio of mining assets located in safe jurisdictions, production and cost outlook for 2014, and growth plans.
- Primero aims to deliver measured production growth while maintaining a strong balance sheet and prudent debt levels. Key assets include the San Dimas, Black Fox, and Grey Fox projects which have indicated potential for expansion and increased reserves.
- Exploration programs are ongoing across Primero's properties to further unlock value through discovery of additional mineral resources.
Sierra Metals Inc. is a growing mid-tier precious and base metals producer in Latin America. The Company owns two low-cost mines in commercial production: the Yauricocha mine in Peru and the Bolivar mine in Mexico.
Sierra Metals Inc., formerly known as Dia Bras Exploration Inc., began exploration and development work in Mexico in early 2003. In 2004, the Company acquired the Bolivar mine property and began active development to advance the property towards production. In 2006, a rapid expansion into the Cusihuiriachic (“Cusi”) silver district resulted in the Company acquiring a 100 km2 property encompassing 12 former silver mines situated within a close proximity to the wholly owned Malpaso Mill. From 2006 to 2011 the Company shipped high-grade development ore for custom milling to the Malpasso Mill from the Bolivar project. Starting in 2009 the Company also started producing silver dore at the Malpaso Mill from development ore at the Cusi project.
In the spring of 2011, the Company expanded operations into Peru with the purchase of 82% of Sociedad Minera Corona S.A. (“Corona”) for a total purchase price of $286 million. Corona’s main asset is the Yauricocha mine in the Yauyos province in western central Peru. This purchase dramatically changed the production profile of Sierra Metals and excelled the Company from a junior exploration and development company to a mid-tier precious and base metals producer.
This rapid expansion in Peru was followed by the completion of the Piedras Verdes mill in Mexico and the announcement of commercial production at the Bolivar mine. Located 6 km from the Bolivar mine, the Piedras Verdes mill has a throughput capacity of 1,000 tpd with plans to expand to 2,000 tpd by mid-2013.
Sierra Metals is currently focused on expanding production at its Yauricocha and Bolivar mines and advancing its Cusi Property into commercial production. Additionally, the Company is completing an aggressive exploration and development programme to expand global reserves and resources and advance its pipeline of projects towards to production.
Seabridge Gold Corporate Presentation - February 2014Company Spotlight
Seabridge Gold owns several gold and copper projects located in Canada, including its flagship KSM project. KSM has over 44 million ounces of gold reserves and 10 billion pounds of copper reserves, ranking it among the largest undeveloped gold and copper projects globally. Recent drilling has also discovered the Deep Kerr zone below the main KSM deposits, indicating potential to significantly increase reserves. Seabridge has a strong balance sheet with low share dilution, and trades at a very low valuation compared to peers given the quality and size of its reserves. The presentation outlines the positive economics demonstrated by the preliminary feasibility study for KSM and discusses the project's permitting process and support from local First Nations groups.
2018 Annual General Meeting of ShareholdersNOVAGOLD
1) Gold production has increased in recent decades but existing mines are being depleted while few new discoveries have been made to replace depleted sources, leading to a projected peak in production in 2019 and declines thereafter.
2) Despite increased exploration spending, the amount of gold discovered has declined sharply since 2006 due to declining discovery rates.
3) Gold grades have plunged 39% between 1995 and 2015, while costs have increased significantly, and are expected to continue rising as mining moves to lower quality deposits in more difficult locations.
This document discusses trends in the bed and breakfast industry and strategies for adaptation. It notes that customers' desires are changing and that competition is increasing. B&Bs need to modernize their websites, consider new amenities, and find ways to appeal to multiple generations of travelers. The document advocates for a grassroots campaign to increase awareness of B&Bs and shift perceptions. It announces an upcoming industry conference to discuss strategies for adapting to trends and growing business.
The document describes an ideal city through acrostics and descriptions provided by students. The city has lots of green spaces like trees, flowers and grass. It bans cars but encourages bicycles, public transport and animals. Playgrounds are abundant and people are happy. The sky is filled with rainbows, balloons and fireworks.
The document outlines a scene involving Maria Younes, Debbie Marques, and Milka Erko discussing various personal topics such as relationships, family problems, school, hobbies, jobs, and drugs. It then provides a shot list for filming a scene where Maria comes into a room and sits down with Milka, including different shot types like long shots, close-ups, and two shots to convey the conversation and emotions between the characters. Props and costumes are noted to remain simple with the characters in black and white clothes.
Este documento describe las ventajas de usar Linux en la educación y resume varias distribuciones de Linux orientadas a la educación como Edubuntu, CATix y LineX. También describe recursos educativos disponibles para Linux como procesadores de texto, hojas de cálculo y navegadores. Concluye que Linux se ha transformado de un hobby a una de las principales plataformas usadas en empresas, administraciones públicas y educación.
This document provides an analysis of the layout, design, and content of magazine double page spreads. It examines spreads from two magazines - The Listing and Time Out. For each spread, it describes the layout, how the design catches the reader's eye, the style of fonts used, photo manipulation techniques, and how the information is organized. The spreads analyzed feature articles on celebrities and upcoming events to attract different target audiences.
The document discusses the camera shots and angles used in filming an indie music video. Long shots of the studio were used to suit the fast pace of the song, while close-ups were reserved for slower, more emotional moments filmed at a museum. Various shots like long shots, medium shots, and close-ups were chosen to help viewers understand the narrative and represent the theme of the story by bringing the audience into the world of the video. Close-ups in particular were used to create the star image but not extreme close-ups due to limitations of the camera equipment.
Union of Agricultural Work Committees (UAWC) presentationAsian People's Fund
The document summarizes the situation in Palestine based on a 2011 report from the Union of Agricultural Work Committees (UAWC). It notes that over 3.7 million Palestinians live in the West Bank and Gaza Strip, with most of the agricultural land located in the West Bank. Agriculture is important for food security, jobs, and protecting land from Israeli confiscation. However, the sector faces difficulties from Israeli occupation, including restrictions on movement, land and water confiscation, and attacks in Gaza. The UAWC works to support farmers, protect their rights, strengthen capacity during emergencies, and promote sustainability through programs like olive oil marketing and fair trade certification.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise boosts blood flow, releases endorphins, and promotes changes in the brain which help enhance one's emotional well-being and mental clarity.
- Primero reported record quarterly results for Q2 2012, including production, profit margins, operating cash flow, and silver sales at spot prices.
- Production and financial guidance for 2012 was increased, with higher throughput, gold equivalent production, and lower cash costs expected.
- The company has a strong cash position of $126 million and significant operating cash flow, with conservative levels of debt.
- Expansion scenarios could increase production to over 200,000 gold equivalent ounces by 2015 through mill expansions.
A myocardial infarction (MI or heart attack) occurs when blood flow to part of the heart is blocked, damaging heart muscle cells. This is usually caused by a buildup of fatty deposits in the coronary arteries. An MI can be life-threatening and is characterized by chest pain or discomfort. Diagnosis involves ECG changes, elevated cardiac enzyme levels, and symptoms. Treatment focuses on restoring blood flow, relieving pain, and preventing further damage.
The document discusses the narrative structure of the music video "Cosmic Love". It uses a circular dream sequence to represent the song's themes of hope and personal anguish. The video is set in the Victorian era to anchor it to a specific time and place. It rejects a typical narrative structure of equilibrium, disequilibrium, new equilibrium to represent the song's theme. The narrative structure was chosen to attract audiences who want to know how the story ends. The video starts with the characters in a painting representing their lives, but one jumps out, breaking the initial equilibrium and showing her true feelings. At the end she returns to the painting, creating a new equilibrium but showing her escape was only a dream.
Primero corporate presentation january 2014primero_mining
- Primero Mining Corp. provided a corporate update for January 2014 that included cautionary statements about forward-looking information and summarized key points about the company's growth plans, portfolio of assets, and financial position.
- Key highlights included planned growth to 400,000 gold equivalent ounces by 2016, a diversified production base from long-life, high-grade assets in mining-friendly jurisdictions, and a strong cash position to fund expansion.
- The update also detailed Primero's assets, including its flagship producing mine San Dimas in Mexico and its development project Cerro del Gallo, as well as the assets it would acquire through a merger with Brigus Gold, including the producing Black Fox mine in Canada
The document summarizes the results of the 2013 World Label Awards competition. It lists the number of awards won by different label associations from various countries. It then provides details on the category winners, including the company name, country, and product labeled for each award. In total, labels from 13 different countries won awards across various printing process categories.
This document lists the winners of the 2012 TLMI Awards Competition. It provides the category, process, and company for first place and second place winners in various North American and International categories. Multi-Color Corporation won several first place awards across different categories.
Primero Mining Corporation owns and operates the San Dimas gold-silver mine in Mexico. The document discusses Primero's strategy to optimize operations at San Dimas, expand resources through exploration, and pursue growth through potential acquisitions in Latin America to become a leading mid-tier gold producer. Recent exploration success has already replaced the estimated 2010 gold production at San Dimas and identified a multi-million ounce resource potential in the Sinaloa Graben area.
This presentation provides an overview of Primero Mining Corp., an emerging mid-tier gold producer. Primero owns the San Dimas gold-silver mine in Mexico and is developing the Cerro del Gallo gold-silver-copper project, also in Mexico. The presentation highlights Primero's steady production growth profile, low costs, strong financial position, and expansion opportunities at San Dimas and Cerro del Gallo that are expected to double production to 250,000 gold equivalent ounces by 2016. Primero aims to continue measured growth while maintaining financial strength and operational discipline.
Primero november corporate presentation v2primero_mining
- Primero reported record production and financial results for Q3 2013, and revised its 2013 production outlook upward.
- The company has a strong balance sheet, low-cost structure, and plans steady growth by expanding its San Dimas mine and developing the Cerro del Gallo project.
- Exploration success at San Dimas has replaced reserves and added new mineralization close to existing infrastructure.
The document provides an overview and cautionary statements for a presentation at the BMO 2014 Global Metals & Mining Conference held from February 24-26, 2014. It notes that the presentation may contain "forward-looking statements" regarding future events and performance. It cautions readers that factors could cause actual results to differ materially from what is presented. The document also provides definitions and cautions readers on the use and reliability of terms such as "measured resources", "indicated resources", and "inferred resources".
The document is a presentation for the Metals and Minerals Investment Conference held on May 12-13, 2014. It summarizes Primero Mining Corp., a mid-tier gold producer with assets in Mexico and Canada. It highlights key metrics for 2014 such as production targets of 225,000-245,000 ounces of gold and cash costs of $650-700 per ounce at the flagship San Dimas Mine in Mexico. It also profiles expansion potential at San Dimas and growth projects including the Black Fox and Cerro del Gallo mines in Ontario.
Primero corporate presentation march 2014 v2primero_mining
- Primero provides a corporate update for March 2014 including cautionary statements about forward-looking information and use of terms like measured, indicated, and inferred resources.
- It discusses the company's investment opportunity as a mid-tier gold producer with a portfolio of long-life, high-grade assets located in safe jurisdictions and plans for significant growth.
- Primero focuses on maintaining a strong balance sheet, measured growth, disciplined cost management, and operating in low-risk jurisdictions.
- High-grade gold reserves of 6.6 million ounces at the Valley of the Kings deposit located in British Columbia, Canada, based on a feasibility study.
- Robust mineral resources totaling 8.5 million ounces of indicated gold and 2.9 million ounces of inferred gold at the Valley of the Kings deposit.
- Underground bulk sample underway from the high-grade Valley of the Kings zone to aid in mine planning and optimize economics for planned production starting in early 2016.
This presentation provides information on Primero Mining Corp's assets and growth outlook. It discusses its flagship San Dimas mine in Mexico, which is expected to produce 155,000-165,000 ounces of gold in 2014. It also profiles its Black Fox mine in Canada, which had strong production in 2013 and is targeting 70,000-80,000 ounces in 2014. Additionally, the presentation outlines Primero's Cerro del Gallo project, which could increase the company's production by 60% once in production.
This corporate presentation provides an overview of Rubicon Minerals' Brucejack gold project in British Columbia, Canada. Key points include:
- High-grade gold reserves in the Valley of the Kings zone of 6.6 million ounces averaging 13.6 g/t gold.
- A robust feasibility study completed for an underground mine with commercial production targeted for early 2016.
- Extensive drilling has defined over 8.5 million ounces of indicated gold resources averaging 16.4 g/t gold in the Valley of the Kings zone.
2014 Annual & Special Meeting of ShareholdersNOVAGOLD
The document discusses Donlin Gold and Galore Creek, two mining projects owned by NOVAGOLD. It begins with cautionary statements regarding forward-looking statements and scientific and technical information in the presentation.
For Donlin Gold, it summarizes that it is a large, high-grade gold project located in Alaska. It has exceptional scale with 39 million ounces of M&I resources. It is expected to be one of the largest gold producers with projected annual production of 1.5 million ounces over its first five full years. Donlin Gold also has significant exploration potential.
For Galore Creek, it notes it is a significant copper-gold-silver asset in Canada with strong copper grades and growing resources in
Probe Metals is a well-funded gold explorer focused on its district-scale land package in Val-d'Or, Quebec. The company has consolidated 327 km2 in the area, which is within one of Canada's top gold camps. An initial NI 43-101 resource estimate for the Val-d'Or East project indicated 770koz of gold. Probe has $30 million cash and is conducting a 75,000m drill program to expand resources along the property's mineralized trends. The company also has a large land package near Detour Gold's discovery in an emerging exploration district.
- The presentation provides an overview of Great Panther Silver, a primary silver producer with two mining operations in Mexico. It discusses the company's growth strategy, recent financial performance, and low cost profile compared to peers. Great Panther is focusing on organic growth from its Guanajuato Mine Complex in Mexico, one of the country's most historic silver districts, with potential to develop satellite mines in the region.
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 presentation provides an overview of Great Panther Silver's corporate strategy, operations, and financial performance. It discusses their two producing silver mines in Mexico, goals of increasing production and reducing costs. Great Panther maintains a strong balance sheet with no debt and plans production growth through operational improvements and potential acquisitions. Forecasts for 2016 estimate total silver equivalent production of 4-4.2 million ounces at significantly lower cash costs and all-in sustaining costs compared to 2015.
The document provides an overview of Dalradian Resources Inc. and its Curraghinalt gold deposit located in Northern Ireland. It summarizes that since 2010, Dalradian has grown the Curraghinalt resource seven-fold to over 3 million ounces of gold through three resource updates. The deposit contains high grades of gold and remains open for expansion. Dalradian aims to advance the project towards production to become a profitable gold producer in Northern Ireland.
The document summarizes information presented at the PDAC convention in 2014 regarding Novagold Resources Inc. It discusses Novagold's booth number and includes cautionary statements regarding forward-looking statements and scientific and technical information for the Donlin Gold and Galore Creek projects. The document emphasizes that Donlin Gold is one of the largest gold development projects in the world in terms of size, grade, and production profile. It has substantial exploration potential along an 8km mineralized trend and is expected to have low costs and longevity as a 27-year mine.
Donlin Gold is a large-scale gold project located in Alaska that is advancing permitting. It has a measured and indicated resource of 39 million ounces of gold. The document discusses Donlin Gold's high grade, large scale, and potential for future resource growth. It also notes the project's exploration potential along an 8km mineralized trend and opportunities for continued resource expansion.
Donlin Gold is a large-scale gold project located in Alaska. It has measured and indicated resources of 39 million ounces of gold. The project has the potential for further resource growth. Donlin Gold has a number of exploration prospects along an 8-kilometer mineralized trend, in addition to opportunities for in-pit resource conversion and exploration. The project is expected to have low operating costs over its 27-year mine life, making it economically robust.
Probe Metals is a well-funded Canadian gold explorer focused on unlocking value in Val-d'Or, Quebec. The company has consolidated 327 square kilometers of land in the Val-d'Or East district, within one of Canada's leading gold mining camps. An initial NI 43-101 resource estimate for the Val-d'Or East project indicated 770,000 ounces of gold at 2.6 g/t. Aggressive exploration is ongoing, with 85,000 meters of drilling planned for 2018 and a resource update expected in Q1. The company has a strong balance sheet of over $25 million and a strategic investor in Goldcorp.
Probe Metals is a well-funded Canadian gold explorer focused on unlocking value in Val-d'Or, Quebec. The company has consolidated a 327 square kilometer land package in the Val-d'Or East district, one of Canada's leading gold camps. An initial NI 43-101 resource estimate for the Val-d'Or East project indicated 770,000 ounces of gold at 2.6 g/t in the inferred category. Probe has $25 million in cash and investments and an aggressive 85,000 meter drilling program planned for 2018 to expand resources. The company is led by a management team with a proven track record of mineral discovery and value creation.
Primero reported its second quarter 2015 operating and financial results. Gold production increased 10% to 54,862 ounces compared to Q2 2014, while silver production increased 44% to 2.15 million ounces. San Dimas continued to exceed expectations with production of 44,128 gold equivalent ounces. Black Fox achieved higher production of 18,362 ounces at lower costs of $762 per ounce. Primero provided production guidance for 2015 of 250,000 to 270,000 gold equivalent ounces at an all-in sustaining cost of $1,050 to $1,150 per ounce.
Primero reported its second quarter 2015 operating and financial results. Gold production increased 10% to 54,862 ounces compared to Q2 2014, while silver production increased 44% to 2.15 million ounces. San Dimas continued to exceed expectations with production of 44,128 gold equivalent ounces. Black Fox achieved higher production of 18,362 ounces at lower costs of $762 per ounce. Primero provided production guidance for 2015 of 250,000 to 270,000 gold equivalent ounces at an all-in sustaining cost of $1,050 to $1,150 per ounce.
RBC Capital Markets 2015 Global Mining & Materials Conferenceprimero_mining
Primero Mining held its 2015 Global Mining & Materials Conference presentation between June 15-17, 2015. The presentation provided an overview of the company's two producing mines (San Dimas in Mexico and Black Fox in Canada), its development project (Cerro del Gallo in Mexico), and exploration properties. It highlighted Primero's strong financial position with $133 million in liquidity as of March 31, 2015, and forecast production growth at San Dimas and Black Fox to increase total attributable gold equivalent production to between 250,000-270,000 ounces in 2015.
RBC Capital Markets 2015 Global Mining & Materials Conferenceprimero_mining
Primero Mining held its 2015 Global Mining & Materials Conference presentation between June 15-17, 2015. The presentation provided an overview of the company's two producing mines (San Dimas in Mexico and Black Fox in Canada), its development project (Cerro del Gallo in Mexico), and exploration properties. It highlighted Primero's strong financial position with $133 million in liquidity and increasing production projected between 2015-2017, growing from 250,000 ounces in 2015 to 300,000 ounces by 2017. The presentation also discussed optimization plans at its existing operations and regional exploration potential.
The document summarizes an upcoming mining expo in Canada and provides information about a mining company. Key points:
- The BIG Event mining expo will take place May 27-28, 2015 in Canada.
- The company has gold and silver mining operations in Mexico and Canada, with production expected to increase up to 20% in 2015.
- It is exploring expansion opportunities at its flagship San Dimas mine in Mexico and Black Fox mine in Canada to further increase production.
The document summarizes an upcoming mining expo in Canada and provides information about a mining company. Key points:
- The BIG Event mining expo will take place May 27-28, 2015 in Canada.
- The company has gold and silver mining operations in Mexico and Canada, with production expected to increase up to 20% in 2015.
- It is exploring expansion opportunities at its flagship San Dimas mine in Mexico and Black Fox mine in Canada to further increase production.
1) Primero is committed to ethical, transparent governance and sustainability in its operations. It has a Corporate Responsibility Committee that oversees health, safety, environment and social matters and reports to the Board of Directors.
2) In 2014, the Committee reviewed Primero's materiality assessment process for sustainability reporting and ongoing policy implementation related to health and safety, environment and corporate social responsibility.
3) Primero respects human rights and ensures no discrimination or violations of indigenous peoples' rights at its mines. All workers have freedom of association and collective bargaining rights.
- Primero reported strong first quarter 2015 results, with revenue increasing 52% over Q1 2014 to $73.3 million and gold equivalent production up 54% to 61,073 ounces.
- Production is expected to increase up to 20% in 2015 through the expansion of San Dimas mill to 3,000 tpd and productivity improvements at both San Dimas and Black Fox mines.
- The company has a strong financial position with $133 million in liquidity and an attractive portfolio of assets in Mexico and Canada.
- The document discusses Primero Mining Corporation's corporate update for April 2015, including production and cost guidance for 2015.
- Primero has high-grade gold production from its Black Fox and San Dimas mines, with an organic growth plan to increase production to 250,000-270,000 gold equivalent ounces in 2015.
- At San Dimas, Primero plans to expand mining capacity to 3,000 tonnes per day to access new high-grade veins and reduce costs further.
- The document discusses Primero Mining Corporation's corporate update for April 2015, including production and cost guidance for 2015.
- Primero has high-grade gold production from its Black Fox and San Dimas mines, with an organic growth plan to increase production to 250,000-270,000 gold equivalent ounces in 2015.
- At San Dimas, Primero plans to expand mining capacity to 3,000 tonnes per day to access new high-grade veins and reduce costs further.
This document provides an overview of Primero Mining Corp., including its assets and growth plans. It summarizes Primero's achievements in 2014, including increasing production by 57% and acquiring the Black Fox mine. It outlines Primero's objectives for 2015, which include further increasing production to 250,000 to 270,000 gold equivalent ounces. The document also highlights Primero's key assets - the San Dimas mine in Mexico and the Black Fox mine in Canada - and discusses its plans to continue expanding the San Dimas mine.
24. Conferencia Mundial sobre Metales y Mineria de BMO Capital Marketsprimero_mining
This document provides an overview of Primero Mining Corp., including its assets and growth strategy. It summarizes Primero's 2014 achievements of increasing production by 57% and outlines its 2015 objectives of further increasing production by 20% and reducing costs. It also describes Primero's key assets - the San Dimas mine in Mexico and the Black Fox mine in Canada - and provides production and cost guidance for 2015. Finally, it outlines the expansion and optimization plans for San Dimas and Black Fox to deliver continued production growth organically.
Corporate Presentation - BMO 2015 Global Metals & Mining Conferenceprimero_mining
This document provides an overview of Primero Mining Corp., including its assets and growth strategy. It summarizes Primero's 2014 achievements of increasing production by 57% to a record 225,100 gold equivalent ounces and outlines its 2015 objectives of increasing production by 20% to between 250,000 to 270,000 ounces. It also highlights Primero's key assets - the San Dimas mine in Mexico and the Black Fox mine in Canada - and describes its plans to optimize operations and expand production at San Dimas.
Primero bmo conference presentation 2015 final v2primero_mining
The document summarizes Primero Mining's presentation at the 2015 Global Metals & Mining Conference. It discusses Primero's achievements in 2014 including record production and cost reductions. Objectives for 2015 include further increasing production to 250,000-270,000 ounces, continuing reserve growth, and achieving costs below $1,100/ounce. Primero has diversified assets in top mining jurisdictions in Canada and Mexico and a pipeline of organic growth opportunities through expansion projects and exploration.
This document provides an overview of Primero Mining Corp.'s fourth quarter and full-year 2014 results. It discusses record production levels, strong financial results, and cost management initiatives. It also provides guidance for 2015, outlining plans for further production growth while lowering costs. Primero aims to increase attributable gold equivalent production to 250,000-270,000 ounces in 2015 through continued optimization and expansion at its San Dimas and Black Fox mines.
Primero td presentation january 2015 finalprimero_mining
The document is a presentation from Primero Mining Corp given at a mining conference in January 2015. It summarizes Primero's key focus areas of producing in top mining jurisdictions in the Americas, having an established growth profile from assets in production, disciplined cost management, and an experienced leadership team. It outlines Primero's targeted production growth from 2015 to 2017, its strong financial position, and track record of delivering on commitments to stakeholders such as improving safety and providing value to shareholders and community.
Primero corporate presentation january 2015 update finalprimero_mining
This corporate update from Primero provides information on the company's growth plans and financial position. It summarizes that Primero will increase gold equivalent production by 20% in 2015 to between 250,000-270,000 ounces from assets in stable mining jurisdictions. It also outlines 2015 capital and exploration budgets that are lower than 2014. Primero has a strong financial position with $67 million in total liquidity and $78 million in total debt as of September 30, 2014. The company is led by an experienced board and management team with over 200 years of combined industry experience.
This document summarizes Primero Mining Corp's presentation at the 2015 Vancouver Resource Investment Conference. It discusses Primero's producing assets in Mexico and Canada, growth projects, and exploration potential. Key points include: two producing mines - the San Dimas mine in Mexico and the Black Fox mine in Canada; the expansion of the San Dimas mine to 3,000 tons per day expected to increase production by over 30%; and exploration programs aimed at increasing reserves and resources at its properties.
Primero Corporate Presentation December 2014primero_mining
This corporate update document from Primero Mining Corporation provides the following information in 3 sentences:
Primero Mining Corporation is a mid-tier precious metals producer with producing mines in Mexico and Canada, including its flagship San Dimas mine in Mexico. The company has achieved strong production and reserve growth over the past 3 years and has an established growth profile from its current assets in production and a pipeline of development projects. Primero has an experienced board and management team and a strong financial position to support its growth objectives.
This presentation provides an overview of Dundee Capital Markets and Primero Mining Corp. It highlights Primero's producing assets in top mining jurisdictions, experienced management team, strong financial position, and growth profile. Primero is focused on organic production growth from its San Dimas and Black Fox mines, and has an advanced Cerro del Gallo project in development.
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2. Cautionary Statement
This presentation may contain “forward-looking” statements within the meaning of Canadian securities legislation and the United States
Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or the anticipated performance of the
Company and reflect management’s expectations or beliefs regarding such future events and anticipated performance. In certain cases,
forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”,
”estimates”, ”forecasts”, ”intends”, ”anticipates” or “believes”, or variations of such words and phrases or statements that certain actions,
events or results “may”, ”could”, “would”, ”might”, or “will be taken”, “occur” or “be achieved”, or the negative of these words or
comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or
implied by the forward-looking statements. Such factors include various risks related to the Company’s operations, including, without
limitation, fluctuations in spot and forward markets for gold, silver and other metals, fluctuations in currency markets, changes in national
and local governments in Mexico and the speculative nature of mineral exploration and development, risks associated with obtaining
necessary exploitation and environmental licenses and permits, and the presence of laws that may impose restrictions on mining. A
complete list of risk factors are described in the Company’s annual information form and will be detailed from time to time in the
Company’s continuous disclosure, all of which are, or will be available, for review on SEDAR at www.sedar.com.
This presentation uses the terms “measured resources”, “indicated resources” and “inferred resources”. The Company advises readers
that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of
Disclosure for Mineral Projects (“NI 43-101”), the United States Securities and Exchange Commission does not recognize them. Readers
are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted in to reserves. In
addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be
assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of
inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies, except for a Preliminary
Assessment as defined under NI43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is
economically or legally mineable.
Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that
described in forward-looking statements, there may be other factors that cause its performance not to be as anticipated. The Company
neither intends nor assumes any obligation to update these forward-looking statements or information to reflect changes in assumptions
or circumstances other than required by applicable law. There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those currently anticipated. Accordingly, readers should not
place undue reliance on forward-looking statements.
Unless otherwise indicated, all dollar values herein are in US$.
2
3. Management Participants
Joseph F. Conway
President & Chief Executive Officer
Renaud Adams
Chief Operating Officer
David Blaiklock
Chief Financial Officer
3
4. A Record Producing Quarter
o
Record Gold and Silver Production
o
Low Cash Costs and All-in Sustaining Costs
o
Production Guidance Increased
o
Highest Silver Sales at Spot Prices
o
Robust Earnings and Cash Flow
o
Balance Sheet Remains Strong
o
Exploration Success Continues
o
Capital Programs On Track
Subsequent to Quarter
o
Cerro del Gallo Ownership Consolidated
4
5. Operating Results – Record Production
Q3 2013 Q3 2012
Mill Throughput
1
2,172
(tonnes per day)
Gold equivalent production
41,998
41,500
31,791
Gold grade
(grams per tonne)
Silver grade
(grams per tonne)
26,500
3.40
21,500
265
(million ounces)
1.14
5.08
Silver production
18,892
1.62
(ounces)
210
16,500
974
1,279
11,500
3
($ per gold ounce)
Cash cost
25,582
+64%
36,500
Gold production
All-in Sustaining Cash Costs
(AuEq ounces)
1,934
2
(gold equivalent ounces)
Production
3
($ per AuEq ounce)
516
699
3
Cash cost – by-product
($ per gold ounce)
See final slide for footnotes.
31,500
6,500
1,500
252
363
Q3 2012
Q3 2013
5
6. Financial Results
(US$ thousands, except per share
amounts)
Q3 2013 Q3 2012
Revenues
53,793
38,277
Earnings from Mine
Operations
22,960
13,087
Net income
10,080
11,586
0.09
Adjusted EPS 4
($ per share)
$0.10
0.12
EPS
($ per share)
4
Adjusted net income
+200%
$0.08
$0.06
$0.04
10,959
2,634
0.09
0.03
20,926
15,448
0.18
0.17
4
Adjusted EPS
($ per share)
Operating cash flows
before changes in working capital
CFPS
($ per share)
See final slide for footnotes.
$0.02
$Q3 2012
Q3 2013
6
7. Outlook for 2013 Revised Upward
Previous Outlook 2013 Revised Outlook 2013
Gold equivalent production
2
125,000-135,000
Silver production
5
(million ounces)
Silver sales at spot
5
(thousand ounces)
All-in Sustaining Cash Costs
3
($ per gold ounce)
Cash cost
3
($ per gold equivalent ounce)
3
Cash cost – by-product
($ per gold ounce)
See final slide for footnotes.
5.6-6.0
850-950
(ounces)
105,000-110,000
5.6-6.0
Gold production
135,000-140,000
95,000-105,000
(gold equivalent ounces)
999,046
$1,050-1,150
$1,050-1,150
$620-640
$620-640
$410-430
$410-430
7
8. Our Focus
1.
Strong balance sheet
Measured growth
3.
Disciplined cost management
4.
Low-risk jurisdictions
5.
400-500
Future Acquisitions
Cerro del Gallo
San Dimas Expansion
250-300
Responsible mining
San Dimas
160-200
150-170
135-140
(Thousand Gold Equivalent Ounces)
2.
TARGETED GROWTH PROFILE6,7
111
2012
2013E
2014E
2015E
2016E
See final slide for footnotes.
How we are building value in Primero
8
9. Strong Financial Position
$126M
STRONG Cash Balance
$90M
o
8
SIGNIFICANT Operating Cash Flow
$32M
Provides funding for:
Expansion of San Dimas
o
Reserve replacement
o
Development of Cerro Del Gallo
9
CONSERVATIVE Debt Level
See final slide for footnotes.
Funds planned growth with no shareholder dilution
9
10. Asset Overview
o
o
o
Based in historical mining
districts with histories spanning
hundreds of years
With established infrastructure,
skilled workforce and local
suppliers
Supported by local communities
San Dimas Mine
Gold-Silver Mine
Durango, Mexico
0
400 km
Ventanas Property Cerro Del Gallo Project
Exploration Property
Durango, Mexico
Gold-Silver-Copper Project
Guanajuato, Mexico
Located in proven and low-risk jurisdictions
10
11. Steady Growth Ahead
DEVELOPMENT
PHASE 2 POTENTIAL
EXPANSION
PHASE 1 EXPANSION
PRODUCTION
San Dimas
Platform
San Dimas
2,500 TPD
San Dimas
3,000 TPD
Cerro Del
Gallo
Targeting to double production by 2016 YE1
11
12. Flagship Asset – San Dimas
Location
Durango-Sinaloa State Border
Ownership 100%
Metals
Gold & Silver
Mining
Underground cut & fill/longhole
Acquired
Long History of Reserve
Replacement
2010 from Goldcorp
Mineral Resources and Mineral Reserves
(DECEMBER 31, 2012, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
CLASSIFICATION
TONNAGE
(M TONNES)
GOLD
GRADE
(G/T)
SILVER
GRADE
(G/ T)
CONT.
GOLD
(K OUNCES)
CONT.
SILVER
(M OUNCES)
4.5
267
660
39.4
Mineral Reserves
Probable
4.6
Mineral Resources
Indicated
3.7
6.5
389
780
46.9
Inferred
6.1
3.9
327
762
64.6
District Produced 11M oz Gold, 600M oz Silver
12
13. Low Cost Structure
Controlling Unit Costs
($/tonne)
100
$99
$98
2011
2012
80
Results of strategic initiatives begun in 2012:
$108
60
40
Optimization program improves
throughput
Long-hole mining decreases dilution
20
0
Low All-In Sustaining Costs
($/ounce)
Training improves productivity and
quality control
YTD 2013
Estimated Industry
Average10
1,200
$1,134
1,000
800
$1,050$1,150
2012
2013 E
$968
600
400
200
See final slide for footnotes.
-
2011
Below industry average costs
13
14. San Dimas Expansion11
ATTRACTIVE IRR AND PAYBACK PERIOD
o
o
o
On-track for 2,500 TPD in Q1
2014
Total capital expenditure of
~$16.5M
Continuing to assess future
expansion to 3,000 TPD decision by mid 2014
See final slide for footnotes.
Increasing capacity to 2,500 TPD
14
15. SAN DIMAS
Strategic Underground Development
o
Tunnels joining Sinaloa Graben and Central Block being completed
o
Lower level tunnel commenced, expected to be completed by end of 2015
o
19,000 metres of development in 2013
Sinaloa Graben
Central Block
2013 EXPLORATION
Mined 2002-Current
Sinaloa
Graben
Tunnel
DELINEATION
Tunnels
2013 Planned Tunnels
Future Planned Tunnels
Four new high-grade veins in Sinaloa Graben
15
16. SAN DIMAS
Focused Exploration
o
o
o
o
o
$15.4 million exploration
program
22,500 hectare package
89,000 metres of drilling:
48,000 metres delineation
drilling
41,000 metres exploration
drilling, plus 2,000 metres of
exploration drifting
Completed 75,000 metres to
date at 30% lower costs than
2012
Increased drilling by 15,000
metres for same budget
0
1
Adding to 0.7M oz gold reserves
2 km
16
17. SAN DIMAS
New Mineralization Close to Infrastructure
o
Alexa and Victoria discovered in early 2012, included in 2012 year-end Reserves
o
Alexa and Victoria already contributed 8% of the tonnes mined in 2013
o
2013 drilling has expanded the known mineralization in both veins
Alexa Vein
New veins discovered in 2012 and mined in 2013
17
18. CERRO DEL GALLO
New Mine Development
CERRO Guanajuato State
Location: DEL GALLO INCREASES PRIMERO’SPRODUCTION BY 60%12
Ownership: 100% - Subject to agreement to acquire remaining 30.8% from Goldcorp closing
Metals:
Gold, silver & copper
Mining:
Open pit, heap leach, and/or conventional mill
Excellent Infrastructure: Active mining district, skilled local workforce, grid power, water, sealed
roads, equipment suppliers and established transport routes
Supportive Community: District has produced 1.14 billion ounces of silver and 6.5 million ounces of
gold over its 450 year mining history
See final slide for footnotes.
Diversifies near-term production & doubles reserves to 1.4 million Au Oz2,12
18
19. CERRO DEL GALLO
Solid Economics
TECHNICAL DETAILS
7
(At $1,341 per ounce of gold, $25.58 per ounce of silver, $7,582 per tonne of copper)
12
Production Start
End 2015
(Phase I Heap Leach)
Proven and Probable Reserves
12
32.2 Mt @ 1.14 g/t AuEq or 1.2Moz
(Phase I Heap Leach)
Measured and Indicated Resources
12
(Phase I Heap Leach In-Pit Excluding Proven and Probable Reserves)
12
Production
94,600 AuEq. Oz
(Phase I Average Annual)
13, 14
Cash cost
$650-700 per ounce
(Co-Product, Excluding Royalties)
Heap Leach Grades
Strip Ratio
47.9 Mt @ 1.06 g/t AuEq or 1.6Moz
15
0.7g/t Au, 14.8g/t Ag, 0.08% Cu
15
0.9:1
Phase I Mine Life
15
Capital Cost Estimate
7.2 years
13
2013E Capital Expenditures
$165 million
13
$15 million
See final slide for footnotes.
Construction decision expected in Q4 2013
19
20. CERRO DEL GALLO
Anticipated Production Profile
Cerro Del Gallo Phase I Heap Leach Near Term Production Profile7,13
(Gold equivalent calculated at $1,341 per ounce of gold, $25.58 per ounce of silver, $7,582 per tonne of copper)
120
100
99
Gold Equivalent Ounces (000s)
99
87
80
60
95
99
87
59
55
40
20
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
See final slide for footnotes.
Increases Production by 60%2
20
21. CERRO DEL GALLO
Large Gold Domain
o
M&I Resources of 3.2Moz of Gold or 5.6Moz of Gold Equivalent 12,13
See final slide for footnotes.
21
22. CERRO DEL GALLO
Exploration and Development Upside
o
2013 $4 million exploration budget
o
First exploration activity since 2008
o
12,000 metre drill program for infill
and condemnation drilling
o
Known mineralization outside the
existing development plan
o
Current Focus on condemnation
drilling, permitting, land acquisition
and engineering update
First Exploration Activity Since 2008
22
23. Corporate Activity Focused on Low-Risk Jurisdictions
o
o
o
Further diversify asset base
Create a portfolio of early and advanced
stage projects
Focused on mining friendly regions of the
Americas with established infrastructure:
CANADA
USA
Grid Power, Water Access, Sealed Roads
Skilled local workforce
Local equipment suppliers
o
o
BRAZIL
Targets of similar scale to San Dimas
Remain opportunistic by utilizing strong
balance sheet and cash flow
Selective acquisition criteria
Region of focus
23
24. Primero Opportunity
o
o
o
o
Emerging mid-tier gold producer
with portfolio of long-life and highgrade assets
Track record of steady, dependable
growth
Low cost structure
100%
Planned Growth
250,000 AuEq.oz1
by 2016 YE
Strong cash flow and cash position
funding expansion, exploration and
new mine development
Producing, profitable and growing
24
26. SAN DIMAS
Positive Created Positive LeverageSilver
Leverage to to Silver
Recent Tax Ruling
Primero sells 50% of annual silver production above 3.5 million ounces at spot
o Remainder sold at ~$4 per ounce under silver purchase agreement
o Threshold commences August 6 to following August 5
o Threshold increases to 6.0 million ounces on August 6, 2014
o Expansion anticipated to generate meaningful silver spot sales post August 6, 2014
SILVER AS PERCENTAGE OF 2013E REVENUE
Silver
Gold
25%
75%
26
27. SAN DIMAS
District Wide Exploration Potential
West Block
2013 EXPLORATION
San Antonio
Mined 1987-2002
Sinaloa Graben
Mined 2012-Current
Central Block
Mined 2002-Current
Tayoltita Block
Mined 1975-Current
Arana
Hanging Wall
NE
SW
3,000 m.
3,000 m.
2,000 m.
2013 EXPLORATION PROGRAM
2,000 m.
DRILLING FOR EXTENSIONS OF KNOWN VEINS
1,000 m.
1,000 m.
Source: San Dimas Geology Office
LONGITUDINAL CROSS SECTION
Mineralization – Ore Bodies
Favorable Horizon
Extension of the Favorable Horizon
Potential
Faults
Intrusive
0
1
2
K I L O M E T E R S
27
28. CERRO DEL GALLO
Cerro Del Gallo Development Plan
2013
Q3
Q4
2014
Q1
Q2
2015
Q3
Q4
Q1
Q2
2016
Q3
Q4
Q1
Q2
Basic Engineering
Permitting/Land
Acquisition
Site Survey
Leach Pad Design &
Earth Works
Infill Drilling and MET
Tests
Acid Generation Tests
SART Optimization
Procurement &
Detailed
Engineering
Plant & Leach Pad
Construction
Commissioning
Production
Phase II Feasibility
Study
28
29. SAN DIMAS
Mineral Resources and Mineral Reserves
(DECEMBER 31, 2012, MINERAL RESOURCES INCLUDE MINERAL RESERVES)
TONNAGE
(MILLION TONNES)
GOLD GRADE (G/T)
SILVER GRADE
(G/ T)
CONTAINED GOLD
(000 OUNCES)
CONTAINED SILVER
(000 OUNCES)
4.579
4.5
267
660
39,377
Indicated
3.748
6.5
389
780
46,877
Inferred
6.144
3.9
327
762
64,637
CLASSIFICATION
Mineral Reserves
Probable
Mineral Resources
Notes to Mineral Reserve Statement:
1.
Cutoff grade of 2.4 grams per tonne (”g/t”) gold equivalent (“AuEq”) based on total operating cost of US$104.73/t. Metal prices assumed are gold
US$1,400 per troy ounce and silver US$25 per troy ounce. Silver supply contract obligations have been referenced in determining overall vein reserve
estimate viability.
2.
Processing recovery factors for gold and silver of 97% and 94% assumed.
3.
Exchange rate assumed is 13 pesos/US$1.00.
4.
The Mineral Reserve estimates were prepared by Mr. Herbert A. Smith P.Eng. of AMC Mining Consultants (Canada) Ltd. and a QP for the purposes of
National Instrument 43-101 (“NI 43-101”).
Notes to Mineral Resource Statement:
1.
Mineral Resources are total and include those resources converted to Mineral Reserves.
2.
A 2.0g/t Au Eq cutoff grade is applied and the AuEq is calculated at a gold price of US$1,625 per troy ounce and a silver price of US$25 per troy ounce.
3.
A constant bulk density of 2.7 tonnes/m3 has been used.
4.
The Mineral Resource estimates were prepared by Mr. Rodney Webster MAusIMM, MAIG and Mr. J. Morton Shannon P.Geo., both of AMC Mining
Consultants (Canada) Ltd. and a QP for the purposes of NI 43-101.
Additional exploration potential estimated at 6-10 million tonnes at grade ranges of 3-5 grams per tonne of gold and 200-400 grams per
tonne of silver. It should be noted that these targets are conceptual in nature. There has been insufficient exploration to define an
associated Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.
29
30. CERRO DEL GALLO
Reserves and In-Pit Resources1
Total Resources Within the Gold Domain2
Category
Measured
Indicated
Measured & Indicated
Inferred
M Tonnes
129
80
209
20
Au
(g/t)
0.54
0.38
0.48
0.3
Au
(M ozs)
2.24
0.98
3.22
0.19
Ag
(g/t)
12.0
8.0
11.0
7.0
Ag
(M ozs)
49.8
20.6
70.3
4.5
Cu
(%)
0.09
0.08
0.08
0.09
Cu
(M lbs)
256.0
141.1
396.9
39.7
Au Eq
(g/t)
0.94
0.69
0.83
0.59
AuEq
(M oz)
3.91
1.77
5.58
0.38
1. “Technical Report First Stage Heap Leach Feasibility Study, Cerro del Gallo Gold Silver Project, Guanajuato, Mexico” June 2012 (“Feasibility Study”). Gold equivalent
ounces calculated by Cerro Resources using gold, silver and copper prices of US$1,341/oz, US$25.58/oz and US$7,582/t respectively.
2. These resources are reported using internal cut-off grade of 0.2 g/tAu as per Feasibility Study, 2012 and Golder Associates Technical Report, 2008.
Phase I Heap Leach In-Pit Proven and Probable Reserves3
Category
Proven
Probable
Proven & Probable
M Tonnes
28.2
4.0
32.2
Au
(g/t)
0.71
0.54
0.69
Au
(M ozs)
0.64
0.07
0.71
Ag
(g/t)
15.1
13.2
14.8
Ag
(M ozs)
13.7
1.7
15.3
Cu
(%)
0.08
0.07
0.08
Cu
(M lbs)
50.2
6.2
56.4
Au Eq
(g/t)
1.15
0.93
1.14
AuEq
(M oz)
1.05
0.12
1.18
Au Eq
(g/t)
1.07
0.92
1.06
AuEq
(M oz)
1.37
0.24
1.64
3. These reserves are reported using internal cut-off grades of 0.24 and 0.29 gAuEq/t for weathered and partially oxidized, respectively.
In-Pit Resources (excluding Proven and Probable Reserves)4,5
Category
Measured
Indicated
Measured & Indicated
M Tonnes
39.9
8.0
47.9
Au
(g/t)
0.61
0.55
0.60
Au
(M ozs)
0.78
0.14
0.92
Ag
(g/t)
13.8
11.0
13.3
Ag
(M ozs)
17.71
2.83
20.55
Cu
(%)
0.10
0.08
0.1
Cu
(M lbs)
88.8
14.6
103.4
4. These resources are reported using internal cut-off grades of 0.24, 0.29, and 0.34 gAuEq/t for weathered, partially oxidized, and fresh material resp.
5. See note 7 in January 23, 2013 News Release “Primero achieves 2012 Guidance and Provides 2013 Outlook”.
30
31. Executive Management
Joseph F. Conway | President & C.E.O. 1
o
o
Former CEO, President and Director of IAMGOLD
from 2003 to 2010
Former President, CEO and Director of Repadre
Capital from 1995 to 2003
Renaud Adams | C.O.O.
o
o
o
Former SVP, American Operations for IAMGOLD
Former General Manager of Rosebel Gold Mine
2007 to 2010
Former General Manager El Toqui Mine in Chile
and then the El Mochito Mine in Honduras
David Blaiklock | C.F.O.
Former controller IntraWest
Previously controller for a number of public and
private companies in real estate development
o
o
Tamara Brown | VP, Investor Relations
o
Former Director Investor Relations for IAMGOLD;
Partner of a Toronto based, boutique investment
bank; Professional engineer in mining industry
H. Maura Lendon | VP, Chief General Counsel
and Corporate Secretary
Former Senior Vice President, Chief Legal Officer
and Corporate Secretary of HudBay Minerals Inc.;
Chief Counsel Canada, Chief Privacy Officer Canada of AT&T
o
Gabriel Voicu | VP, Geology and Exploration
25 Years of mining experience, formerly held
senior technical and exploration positions with
Cambior and IAMGOLD
o
David Sandison | VP, Corporate Development
Former VP, Corporate Development of
Clarity Capital ; Director, Corporate Development
Xstrata Zinc Canada ; Director Business Development,
Noranda/Falconbridge; Former EVP, Noranda Chile
o
Louis Toner | VP, Project Development &
Construction
o
Over 30 Years of Engineering and Construction
experience, formerly held Senior Project
Management roles with BBA Inc. and Lafarge
Canada Inc.
31
32. Board of Directors
Wade Nesmith | Chairman
o
o
Founder of Primero
Founding and current director
of Silver Wheaton
Joseph Conway | Director1
see Executive Management
o
o
Director2,3,4,5
o
o
o
Founder, CEO and Director
Westport Innovations
Director of Cummins Westport
and Juniper Engines
Grant Edey | Director 3,5
o
o
o
President & CEO, Khan
Resources Inc.
Former Director of Breakwater
Resources, former director of
Queenstake Resources, Santa
Cruz Gold
Former CFO, IAMGOLD
EVP, Corporate Development,
Goldcorp
Former CEO of Zincore Metals
Inc. and Southwestern
Resources Corp.
Eduardo Luna | Director 1
o
o
VP, Strategy, Goldcorp
Formerly with Wheaton River
and Deloitte & Touche LLP
Timo Jauristo | Director 2
o
David Demers |
Brad Marchant| Director 2,3
Rohan Hazelton | Director 1,5
Former EVP & President,
Mexico. Former Chairman and
CEO of Silver Wheaton,
Executive VP of Goldcorp and
Luismin S.A. de C.V. (San
Dimas) and President of
Mexican Mining Chamber and
the Silver Institute
Board Committees:
1.Health, Safety and Environment
2. Human Resources and Compensation
3. Governance and Nominating
4. Lead Director 5. Audit
o
Co-founder of Triton Mining
Corporation
Founder of BioteQ Environmental
Technologies Inc.
Robert Quartermain | Director 2,3
o
o
o
Founder and President & CEO,
Pretivm Resources
Former President, Silver Standard
Director of Vista Gold Corp.
and Canplats Resources
Michael Riley | Director 5
o
o
Chartered accountant with more
than 26 years of accounting
experience
Chair of Primero Audit Committee,
Chair of Audit Committee of B.C.
Lottery Corporation and member of
the Audit Committee of Canalaska
Uranium Ltd.
32
33. Notes to Investors Regarding the Use of Resources
This presentation has been prepared in accordance with the requirements of Canadian provincial securities laws which differ from the requirements of
U.S. securities laws. Unless otherwise indicated, all mineral reserve and resource estimates included in this presentation have been prepared in
accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining,
Metallurgy and Petroleum classification systems. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for
all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the
requirements of the United States Securities and Exchange Commission (the “SEC”), and reserve and resource estimates disclosed in this presentation
may not be comparable to similar information disclosed by U.S. companies.
The mineral reserve estimates in this presentation have been calculated in accordance with NI 43-101, as required by Canadian securities regulatory
authorities. For United States reporting purposes, SEC Industry Guide 7 under the United States Securities Exchange Act of 1934, as amended, as
interpreted by Staff of the SEC, applies different standards in order to classify mineralization as a reserve. As a result, the definition of “probable
reserves” used in NI 43-101 differs from the definition in the SEC Industry Guide 7. Under SEC standards, mineralization may not be classified as a
“reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the
reserve determination is made. Among other things, all necessary permits would be required to be in hand or issuance imminent in order to classify
mineralized material as reserves under the SEC standards. Accordingly, mineral reserve estimates contained in this presentation may not qualify as
“reserves” under SEC standards.
In addition, this presentation uses the terms “indicated resources” and “inferred resources” to comply with the reporting standards in Canada. The
Company advises United States investors that while those terms are recognized and required by Canadian regulations, the SEC does not recognize them.
United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral
reserves. Further, “inferred resources” have a great amount of uncertainty as to their existence and as to whether they can be mined legally or
economically. Therefore, United States investors are also cautioned not to assume that all or any part of the “inferred resources” exist. In accordance
with Canadian securities laws, estimates of “inferred resources” cannot form the basis of feasibility or other economic studies. It cannot be assumed that
all or any part of “indicated resources” or “inferred resources” will ever be upgraded to a higher category or are economically or legally mineable. In
addition, disclosure of “contained ounces” is permitted disclosure under Canadian securities laws; however, the SEC only permits issuers to report
mineralization as in place tonnage and grade without reference to unit measures.
NI 43-101 also permits the inclusion of disclosure regarding the potential quantity and grade, expressed as ranges, of a target for further exploration
provided that the disclosure (i) states with equal prominence that the potential quantity and grade is conceptual in nature, that there has been
insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral
resources, and (ii) states the basis on which the disclosed potential quantity and grade has been determined. Disclosure regarding exploration potential
has been included in this presentation. United States investors are cautioned that disclosure of such exploration potential is conceptual in nature by
definition and there is no assurance that exploration will result in any category of NI 43-101 mineral resources being identified.
33
34. Footnotes
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
Based on 365 days per year.
“Gold equivalent ounces” include revenue from silver converted to a gold equivalent based on estimated average realized commodity
prices ($1,410 per ounce; an average silver price of $6.77 per ounce (calculated using the silver agreement contract price of $4.14 per
ounce and assuming excess silver beyond contract requirements is sold at an average silver price of $21.16 per ounce)).
Cash cost is a non-GAAP measure. Refer to the third quarter 2013 MD&A for a reconciliation of cash costs.
Refer to third quarter 2013 MD&A for adjustments.
Silver production is subject to a silver purchase agreement. Refer to the third quarter 2013 MD&A for details.
“Gold equivalent ounces” include silver and copper production converted to a gold equivalent based on consensus estimated
commodity prices; accounts for the San Dimas silver purchase agreement; and uses Cerro Resources publically disclosed production
estimates delayed by 18 months.
Assumes 100% ownership of Cerro Del Gallo and that it begins production at the end of 2015, with full year production estimated at
95,000AuEq. oz in 2016, anticipated production increase is over 2015 estimated production increase from San Dimas.
Estimated five-year annual average after-tax operating cash flow assuming San Dimas expansion to 2,500 tpd starting in Q1 2014
estimated at metals prices in dollars per ounce for gold and silver of 2013: 1,400/25.00, 2014:1,300/21.43, 2015 and beyond:
1,200/21.43, including recent tax reforms in Mexico.
Goldcorp: 5 year, 6% note with annual principal payments of $5M plus 50% of Excess Free Cash Flow, with balloon payment of
balance at end of 2015.
Industry average based on all-in sustaining cost comparison published by TD Securities July 18, 2013.
See October 15, 2012 News Release “Primero Announces Expansion of its San Dimas Mine” for details.
As estimated by Cerro Resources using gold, silver and copper price of US$1,341/oz, US$25.58/oz and US$7,582/t (or $3.44/lb)
respectively. See Cerro Resources Phase I Definitive Feasibility Study as of May 2012 filed on SEDAR by Primero on April 1, 2013.
Based on Cerro Resources Phase I Definitive Feasibility Study as of May 2012 and filed on SEDAR by Primero on April 1, 2013. and
preliminary capital expenditure estimates calculated internally by Primero as of May 2013.
The Cerro del Gallo mine is subject to a 4% Net Smelter Return (NSR) royalty.
Cerro Resources Phase I Definitive Feasibility Study as of May 2012 as filed on SEDAR by Primero on April 1, 2013.
34
35. PRIMERO MINING CORP.
20 Queen Street West, Suite 2301
Toronto, ON M5H 3R3
T 416 814 3160 F 416 814 3170
TF 877 619 3160
www.primeromining.com
Tamara Brown
Vice President, Investor Relations
T 416 814 3168
info@primeromining.com
Trading Symbols
Common Shares TSX:P, NYSE:PPP, ASX:PPM
Warrants
TSX:P.WT