Royal Gold presented at the RBC Capital Markets Global Mining & Materials Conference in June 2016. The presentation discussed Royal Gold's vision and strategy of providing leverage to gold price upside through a portfolio of royalty and stream assets on long-life mines. It provided an overview of key assets in the portfolio including Pueblo Viejo, Mount Milligan, Andacollo, Rainy River, and Wassa and Prestea. The presentation also covered Royal Gold's track record of capital allocation including returning capital to shareholders through dividend growth and disciplined use of equity.
Royal Gold held an Analyst and Investor Day on June 3, 2016 to provide information on the company's portfolio, strategy, and performance. Some of the key points discussed included:
- Royal Gold has evolved from an exploration company to a royalty and streaming company with a portfolio of long-life assets producing gold and other metals.
- 80% of the portfolio asset value is in mines with over 15 years of remaining reserve life, including Pueblo Viejo, Mount Milligan, and Andacollo.
- Royal Gold aims to create long-term value by providing leverage to gold price upside through its portfolio of royalty and streaming agreements on quality assets.
- The company emphasizes returning
Royal gold stream on mount milligan update final (v5)RoyalGold
- Thompson Creek Metals Company, which operates the Mount Milligan mine, was facing financial difficulties due to high debt levels and a weak balance sheet.
- Royal Gold, which holds a gold stream on Mount Milligan, worked to find a solution that would ensure continued strong operation of the mine.
- Royal Gold facilitated a deal where Centerra Gold would acquire Thompson Creek Metals. Centerra is a well-established gold producer with a strong financial position.
- The gold stream agreement between Royal Gold and Thompson Creek was amended but maintains equivalent value for Royal Gold. The amendment provides long-term stability for the Mount Milligan mine.
Royal gold stream on mount milligan update final (v6.1); revised after callRoyalGold
- Thompson Creek Metals Company owns the Mount Milligan mine in British Columbia, Canada. It has significant gold and copper reserves but faces debt repayment issues.
- Royal Gold has a streaming agreement for gold from Mount Milligan that represents a major portion of its revenue and reserves.
- Royal Gold worked with Centerra Gold and Thompson Creek to negotiate an arrangement where Centerra will acquire Thompson Creek and amend Royal Gold's streaming agreement. This will ensure continued operation of Mount Milligan and maintain value for Royal Gold. The transaction is expected to close in the fall of 2016 pending approvals.
Royal Gold reported record results in the first quarter of fiscal year 2017, driven by strong performances from their interests in Pueblo Viejo, Mount Milligan, and Andacollo. Revenue and adjusted EBITDA reached all-time highs, and gold equivalent ounces were the highest in over a year. The company also sees potential for further growth through operators' capital investments and exploration, without requiring additional funding from Royal Gold. With a strong balance sheet and limited near-term commitments, Royal Gold is well positioned to continue delivering value from its high-quality, long-lived asset portfolio.
Royal Gold reported record operating cash flow for the fiscal third quarter of 2017. They had revenue of $107 million for the quarter and an effective tax rate of 23%. Royal Gold repaid $45 million of debt in the quarter and has no additional funding requirements, with $460 million in total available liquidity as of March 31, 2017. The company expects sequential growth in production and revenue from assets such as Rainy River in 2017, Cortez Crossroads in 2018, and Peñasquito Pyrite Leach in 2019.
The document provides an overview of Royal Gold Inc. from its conference presentation on June 13, 2017. It discusses Royal Gold's record operating cash flow in recent quarters, growth opportunities from new mining projects coming online in 2017-2019, and its track record of returning value to shareholders through rising dividends and outperforming peers on production growth and total returns. Royal Gold has a portfolio of streaming and royalty interests that provides exposure to gold and copper production with low costs and high margins.
Royal Gold reported strong financial results for its fiscal second quarter of 2017. Revenue increased 9% compared to the prior year quarter to $107 million, driven by higher gold prices and steady production across its portfolio. Operating cash flow grew 34% year-over-year. Production is expected to increase in the coming quarters from new contributions from Rainy River, which is estimated to begin production in September 2017, and from an amended gold-copper stream at Mount Milligan. Royal Gold has no additional funding requirements and $420 million in available liquidity as of December 31, 2016.
Royal Gold held an Analyst and Investor Day on June 3, 2016 to provide information on the company's portfolio, strategy, and performance. Some of the key points discussed included:
- Royal Gold has evolved from an exploration company to a royalty and streaming company with a portfolio of long-life assets producing gold and other metals.
- 80% of the portfolio asset value is in mines with over 15 years of remaining reserve life, including Pueblo Viejo, Mount Milligan, and Andacollo.
- Royal Gold aims to create long-term value by providing leverage to gold price upside through its portfolio of royalty and streaming agreements on quality assets.
- The company emphasizes returning
Royal gold stream on mount milligan update final (v5)RoyalGold
- Thompson Creek Metals Company, which operates the Mount Milligan mine, was facing financial difficulties due to high debt levels and a weak balance sheet.
- Royal Gold, which holds a gold stream on Mount Milligan, worked to find a solution that would ensure continued strong operation of the mine.
- Royal Gold facilitated a deal where Centerra Gold would acquire Thompson Creek Metals. Centerra is a well-established gold producer with a strong financial position.
- The gold stream agreement between Royal Gold and Thompson Creek was amended but maintains equivalent value for Royal Gold. The amendment provides long-term stability for the Mount Milligan mine.
Royal gold stream on mount milligan update final (v6.1); revised after callRoyalGold
- Thompson Creek Metals Company owns the Mount Milligan mine in British Columbia, Canada. It has significant gold and copper reserves but faces debt repayment issues.
- Royal Gold has a streaming agreement for gold from Mount Milligan that represents a major portion of its revenue and reserves.
- Royal Gold worked with Centerra Gold and Thompson Creek to negotiate an arrangement where Centerra will acquire Thompson Creek and amend Royal Gold's streaming agreement. This will ensure continued operation of Mount Milligan and maintain value for Royal Gold. The transaction is expected to close in the fall of 2016 pending approvals.
Royal Gold reported record results in the first quarter of fiscal year 2017, driven by strong performances from their interests in Pueblo Viejo, Mount Milligan, and Andacollo. Revenue and adjusted EBITDA reached all-time highs, and gold equivalent ounces were the highest in over a year. The company also sees potential for further growth through operators' capital investments and exploration, without requiring additional funding from Royal Gold. With a strong balance sheet and limited near-term commitments, Royal Gold is well positioned to continue delivering value from its high-quality, long-lived asset portfolio.
Royal Gold reported record operating cash flow for the fiscal third quarter of 2017. They had revenue of $107 million for the quarter and an effective tax rate of 23%. Royal Gold repaid $45 million of debt in the quarter and has no additional funding requirements, with $460 million in total available liquidity as of March 31, 2017. The company expects sequential growth in production and revenue from assets such as Rainy River in 2017, Cortez Crossroads in 2018, and Peñasquito Pyrite Leach in 2019.
The document provides an overview of Royal Gold Inc. from its conference presentation on June 13, 2017. It discusses Royal Gold's record operating cash flow in recent quarters, growth opportunities from new mining projects coming online in 2017-2019, and its track record of returning value to shareholders through rising dividends and outperforming peers on production growth and total returns. Royal Gold has a portfolio of streaming and royalty interests that provides exposure to gold and copper production with low costs and high margins.
Royal Gold reported strong financial results for its fiscal second quarter of 2017. Revenue increased 9% compared to the prior year quarter to $107 million, driven by higher gold prices and steady production across its portfolio. Operating cash flow grew 34% year-over-year. Production is expected to increase in the coming quarters from new contributions from Rainy River, which is estimated to begin production in September 2017, and from an amended gold-copper stream at Mount Milligan. Royal Gold has no additional funding requirements and $420 million in available liquidity as of December 31, 2016.
- The document is a presentation by Wheaton Precious Metals describing their business model of precious metals streaming.
- They have a diversified portfolio of streaming agreements with operating mines and development projects around the world. This provides low-cost, long-life production of gold and silver.
- Key assets include Salobo, Peñasquito, Antamina, and Constancia, which account for the majority of their forecasted production over the next 5 years. They also discuss recent developments and exploration potential at several of these key mines.
This document is a presentation by The High Margin Precious Metals Company from December 2016. It contains cautionary statements regarding the use of forward-looking statements and notes the risks associated with relying on such statements. Readers are strongly cautioned to carefully review the risk factors contained in the presentation and in other Silver Wheaton regulatory filings.
- The document discusses forward-looking statements and risks associated with Wheaton Precious Metals' business, including commodity price fluctuations and tax disputes.
- Readers are strongly cautioned to review risk factors described in the document and in Wheaton's regulatory filings.
- The document contains Wheaton's cautionary statements regarding forward-looking projections and mineral reserve estimates.
16 09-14 slw presentation final (for web and print)silverwheaton2016
This document provides an overview and summary of The High Margin Precious Metals Company. It begins with cautionary statements regarding the use of forward-looking statements. It then provides a high-level summary of Silver Wheaton's business model of streaming precious metals, why streaming works, and who Silver Wheaton is as a company. Key points include that Silver Wheaton has a well-diversified, high-quality portfolio of streaming agreements with long-life, low-cost assets. It also discusses Silver Wheaton's largest current assets, growth profile, tax dispute with CRA, and advantages of investing in Silver Wheaton over traditional mining companies.
- The document is a presentation from Wheaton Precious Metals discussing their business model of precious metals streaming.
- They have a diversified portfolio of streaming agreements with major mining companies. This provides low-cost, long-life production of silver and gold with significant optionality from development assets.
- Key highlights of their portfolio include the long-life Salobo mine, the high-grade Peñasquito mine, and potential expansion opportunities across several assets.
Royal gold stream on mount milligan update final (v6.1); revised after callRoyalGold
- Centerra Gold and Thompson Creek Metals entered into an arrangement agreement where Centerra will acquire Thompson Creek.
- The Mount Milligan streaming agreement between Royal Gold and Thompson Creek was amended to combine gold and copper delivery obligations, maintaining Royal Gold's equivalent economic interest.
- The transaction addresses all stakeholder interests, pairs Mount Milligan with a financially strong operator in Centerra, and meets Royal Gold's goals of maintaining value and finding a solid operating partner for Mount Milligan.
Royal Gold reported strong financial results for the third quarter of fiscal year 2016, with revenue up 26% and volume up 30% compared to the prior year period. Production is expected to increase in calendar year 2016 at several key assets, including Mount Milligan, Pueblo Viejo, and Wassa and Prestea. Royal Gold has $501 million in total available liquidity and extended its revolving credit facility to 2021, providing financial flexibility to fund growth opportunities.
- Royal Gold held a luncheon presentation in April 2016 to provide an operational and financial update.
- In Q2 2016, Royal Gold achieved record revenue of $98.1 million and record gold equivalent ounce production of 88,700 ounces, increases of 60% and 74% respectively over the prior year period.
- Key assets like Pueblo Viejo, Rainy River, and Mount Milligan are expected to contribute significantly to future production growth based on operator estimates and projections.
Royal Gold provided an overview of its business and outlook. It reported record revenue, volume, and EBITDA in the past year driven by growth in its largest royalty and stream interests. It expects contributions from these interests as well as new streams on Pueblo Viejo, Rainy River, Andacollo, and Wassa/Prestea to further diversify its portfolio and drive continued growth. Royal Gold also returned capital to shareholders through a dividend increased in 2016 to $0.92 per share, representing a 21% compound annual growth rate since 2001.
The document cautions readers that certain information in the presentation regarding New Gold's future performance are forward-looking statements that are based on estimates and assumptions that are subject to risks and uncertainties. It provides context for forward-looking production, cost, and capital expenditure guidance. The document also lists key assumptions underlying the forward-looking statements and outlines risk factors that could materially affect actual results.
European gold forum, screen apr 2016 (royal gold)RoyalGold
Royal Gold presented at the 2016 European Gold Forum in April. The presentation discussed Royal Gold's growing portfolio of streaming agreements, which is diversified across several quality assets and operators. Recent additions include streams on the Pueblo Viejo mine in the Dominican Republic and the Rainy River project in Canada. Record quarterly results in the December quarter were driven by initial contributions from Pueblo Viejo. Royal Gold has a strong balance sheet and liquidity position to fund its few remaining near-term commitments.
The document is a presentation by Gary Goldberg, President and CEO of Newmont Mining Corporation, at the BAML Metals and Mining Conference in May 2017. It summarizes Newmont's leading safety and sustainability performance, stable production profile from a globally diversified portfolio of assets, investment in profitable growth projects, and opportunities from recent investments and discoveries that provide upside potential. Newmont aims to deliver long-term shareholder value through steady gold production, ongoing cost discipline and capital investment focused on high return projects.
16 11-08 slw presentation final (for web & print)silverwheaton2016
This document provides an overview and summary of The High Margin Precious Metals Company. It cautions readers that forward-looking statements are subject to risks and uncertainties. It also cautions readers to carefully review cautionary notes regarding forward-looking statements and mineral reserve and resource estimates. The document then provides information on Silver Wheaton's business model, asset base, production growth forecast, partnerships, Canadian tax dispute, advantages over traditional miners and other streamers, and potential as silver supply declines in coming years.
This document provides an overview of Royal Gold, a mining royalty company, including:
- Royal Gold holds a portfolio of long-lived mining assets that are expected to provide substantial near-term growth from projects like Mt. Milligan and Pascua-Lama.
- Market conditions for mining companies have become less favorable, with lower equity financing and increasing debt costs, creating opportunities for Royal Gold's acquisitions.
- Royal Gold's key assets include royalties on Barrick's Pascua-Lama project in South America and Thompson Creek's Mt. Milligan copper/gold mine in Canada, which is expected to reach commercial production in late 2013.
- Royal Gold has a
- PetroMagdalena Energy is building on past success by focusing on organic cash flow opportunities in its portfolio in Colombia through activities like enhancing netbacks, reducing costs, and increasing efficiency.
- The company plans to increase development activity in 2012 in the Llanos Basin following exploration success there.
- The 2012 work program is estimated between $70-80 million, with 65% directed towards light oil exploration and development in key areas like Cubiro and Arrendajo. This includes 10 development wells and 3 exploration wells for the rest of the year.
Royal Gold presented at the CIBC 20th Annual Whistler Institutional Investor Conference on January 25, 2017. The presentation highlighted Royal Gold's industry-leading margins, estimated volume growth through 2021 from existing streams, and optionality from operators' exploration and development activities. Royal Gold also discussed its track record of increasing dividends annually for the past 16 years and generating higher gold equivalent ounces per share than peers, providing industry-leading returns to shareholders. The presentation concluded with an overview of Royal Gold's portfolio of streams and royalties on 38 producing properties.
- The presentation provides an overview of AuRico Metals Inc., a Canadian development and royalty company. It highlights AuRico's strong balance sheet, advanced Kemess project, and high-quality royalty portfolio that includes producing royalties on the Young-Davidson, Fosterville, Hemlo, and Eagle River mines.
- AuRico's Kemess project has received environmental approval and benefits agreements, and feasibility studies show positive economics. The royalty portfolio generated estimated 2017 revenues of $12.7-13.9 million and includes long-life assets. Management has a track record of adding value through development and acquisitions.
Mason Graphite Corporate Presentation April 2016masongraphite
The presentation provides an overview of the Lac Guéret Flake Graphite Project being developed by Mason Graphite. Key points include:
- Robust economics shown in the feasibility study, including a pre-tax IRR of 44% and payback period of 2.3 years.
- The project has a 25-year mine life using only 7% of current measured and indicated resources.
- Management has over 50 years of combined experience in graphite production and the team previously worked together at Timcal/Imerys Graphite.
- The project has local community support and access to hydroelectric power. Mason Graphite aims to be a low-cost producer of high-grade graphite.
This three sentence summary provides the high level information from the investor presentation document:
The document is an investor presentation from Newmont Mining Corporation that includes forward-looking statements and cautions readers that actual results may differ. It outlines Newmont's strategy of improving operational performance, strengthening its portfolio through projects like Merian and Long Canyon, and creating shareholder value through increased free cash flow and returns. The presentation also provides updates on Newmont's safety and sustainability performance as well as its financial and operating results.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BAML Metals & Mining Conference in May 2016. The presentation focused on Newmont's strategy of improving its underlying business through leading safety and cost performance, strengthening its portfolio through organic growth and transactions, and creating shareholder value through a superior balance sheet and cash flow. Newmont has reduced costs by 30% since 2012 and is building a longer-life, lower-cost asset portfolio through projects like Merian and Long Canyon.
Este documento proporciona instrucciones para crear un blog en 4 pasos: 1) crear una cuenta de Gmail, 2) registrarse en Blogger usando la cuenta de Gmail, 3) personalizar el blog eligiendo una plantilla y presentando el tema, y 4) agregar contenido y gadgets para completar el blog.
- The document is a presentation by Wheaton Precious Metals describing their business model of precious metals streaming.
- They have a diversified portfolio of streaming agreements with operating mines and development projects around the world. This provides low-cost, long-life production of gold and silver.
- Key assets include Salobo, Peñasquito, Antamina, and Constancia, which account for the majority of their forecasted production over the next 5 years. They also discuss recent developments and exploration potential at several of these key mines.
This document is a presentation by The High Margin Precious Metals Company from December 2016. It contains cautionary statements regarding the use of forward-looking statements and notes the risks associated with relying on such statements. Readers are strongly cautioned to carefully review the risk factors contained in the presentation and in other Silver Wheaton regulatory filings.
- The document discusses forward-looking statements and risks associated with Wheaton Precious Metals' business, including commodity price fluctuations and tax disputes.
- Readers are strongly cautioned to review risk factors described in the document and in Wheaton's regulatory filings.
- The document contains Wheaton's cautionary statements regarding forward-looking projections and mineral reserve estimates.
16 09-14 slw presentation final (for web and print)silverwheaton2016
This document provides an overview and summary of The High Margin Precious Metals Company. It begins with cautionary statements regarding the use of forward-looking statements. It then provides a high-level summary of Silver Wheaton's business model of streaming precious metals, why streaming works, and who Silver Wheaton is as a company. Key points include that Silver Wheaton has a well-diversified, high-quality portfolio of streaming agreements with long-life, low-cost assets. It also discusses Silver Wheaton's largest current assets, growth profile, tax dispute with CRA, and advantages of investing in Silver Wheaton over traditional mining companies.
- The document is a presentation from Wheaton Precious Metals discussing their business model of precious metals streaming.
- They have a diversified portfolio of streaming agreements with major mining companies. This provides low-cost, long-life production of silver and gold with significant optionality from development assets.
- Key highlights of their portfolio include the long-life Salobo mine, the high-grade Peñasquito mine, and potential expansion opportunities across several assets.
Royal gold stream on mount milligan update final (v6.1); revised after callRoyalGold
- Centerra Gold and Thompson Creek Metals entered into an arrangement agreement where Centerra will acquire Thompson Creek.
- The Mount Milligan streaming agreement between Royal Gold and Thompson Creek was amended to combine gold and copper delivery obligations, maintaining Royal Gold's equivalent economic interest.
- The transaction addresses all stakeholder interests, pairs Mount Milligan with a financially strong operator in Centerra, and meets Royal Gold's goals of maintaining value and finding a solid operating partner for Mount Milligan.
Royal Gold reported strong financial results for the third quarter of fiscal year 2016, with revenue up 26% and volume up 30% compared to the prior year period. Production is expected to increase in calendar year 2016 at several key assets, including Mount Milligan, Pueblo Viejo, and Wassa and Prestea. Royal Gold has $501 million in total available liquidity and extended its revolving credit facility to 2021, providing financial flexibility to fund growth opportunities.
- Royal Gold held a luncheon presentation in April 2016 to provide an operational and financial update.
- In Q2 2016, Royal Gold achieved record revenue of $98.1 million and record gold equivalent ounce production of 88,700 ounces, increases of 60% and 74% respectively over the prior year period.
- Key assets like Pueblo Viejo, Rainy River, and Mount Milligan are expected to contribute significantly to future production growth based on operator estimates and projections.
Royal Gold provided an overview of its business and outlook. It reported record revenue, volume, and EBITDA in the past year driven by growth in its largest royalty and stream interests. It expects contributions from these interests as well as new streams on Pueblo Viejo, Rainy River, Andacollo, and Wassa/Prestea to further diversify its portfolio and drive continued growth. Royal Gold also returned capital to shareholders through a dividend increased in 2016 to $0.92 per share, representing a 21% compound annual growth rate since 2001.
The document cautions readers that certain information in the presentation regarding New Gold's future performance are forward-looking statements that are based on estimates and assumptions that are subject to risks and uncertainties. It provides context for forward-looking production, cost, and capital expenditure guidance. The document also lists key assumptions underlying the forward-looking statements and outlines risk factors that could materially affect actual results.
European gold forum, screen apr 2016 (royal gold)RoyalGold
Royal Gold presented at the 2016 European Gold Forum in April. The presentation discussed Royal Gold's growing portfolio of streaming agreements, which is diversified across several quality assets and operators. Recent additions include streams on the Pueblo Viejo mine in the Dominican Republic and the Rainy River project in Canada. Record quarterly results in the December quarter were driven by initial contributions from Pueblo Viejo. Royal Gold has a strong balance sheet and liquidity position to fund its few remaining near-term commitments.
The document is a presentation by Gary Goldberg, President and CEO of Newmont Mining Corporation, at the BAML Metals and Mining Conference in May 2017. It summarizes Newmont's leading safety and sustainability performance, stable production profile from a globally diversified portfolio of assets, investment in profitable growth projects, and opportunities from recent investments and discoveries that provide upside potential. Newmont aims to deliver long-term shareholder value through steady gold production, ongoing cost discipline and capital investment focused on high return projects.
16 11-08 slw presentation final (for web & print)silverwheaton2016
This document provides an overview and summary of The High Margin Precious Metals Company. It cautions readers that forward-looking statements are subject to risks and uncertainties. It also cautions readers to carefully review cautionary notes regarding forward-looking statements and mineral reserve and resource estimates. The document then provides information on Silver Wheaton's business model, asset base, production growth forecast, partnerships, Canadian tax dispute, advantages over traditional miners and other streamers, and potential as silver supply declines in coming years.
This document provides an overview of Royal Gold, a mining royalty company, including:
- Royal Gold holds a portfolio of long-lived mining assets that are expected to provide substantial near-term growth from projects like Mt. Milligan and Pascua-Lama.
- Market conditions for mining companies have become less favorable, with lower equity financing and increasing debt costs, creating opportunities for Royal Gold's acquisitions.
- Royal Gold's key assets include royalties on Barrick's Pascua-Lama project in South America and Thompson Creek's Mt. Milligan copper/gold mine in Canada, which is expected to reach commercial production in late 2013.
- Royal Gold has a
- PetroMagdalena Energy is building on past success by focusing on organic cash flow opportunities in its portfolio in Colombia through activities like enhancing netbacks, reducing costs, and increasing efficiency.
- The company plans to increase development activity in 2012 in the Llanos Basin following exploration success there.
- The 2012 work program is estimated between $70-80 million, with 65% directed towards light oil exploration and development in key areas like Cubiro and Arrendajo. This includes 10 development wells and 3 exploration wells for the rest of the year.
Royal Gold presented at the CIBC 20th Annual Whistler Institutional Investor Conference on January 25, 2017. The presentation highlighted Royal Gold's industry-leading margins, estimated volume growth through 2021 from existing streams, and optionality from operators' exploration and development activities. Royal Gold also discussed its track record of increasing dividends annually for the past 16 years and generating higher gold equivalent ounces per share than peers, providing industry-leading returns to shareholders. The presentation concluded with an overview of Royal Gold's portfolio of streams and royalties on 38 producing properties.
- The presentation provides an overview of AuRico Metals Inc., a Canadian development and royalty company. It highlights AuRico's strong balance sheet, advanced Kemess project, and high-quality royalty portfolio that includes producing royalties on the Young-Davidson, Fosterville, Hemlo, and Eagle River mines.
- AuRico's Kemess project has received environmental approval and benefits agreements, and feasibility studies show positive economics. The royalty portfolio generated estimated 2017 revenues of $12.7-13.9 million and includes long-life assets. Management has a track record of adding value through development and acquisitions.
Mason Graphite Corporate Presentation April 2016masongraphite
The presentation provides an overview of the Lac Guéret Flake Graphite Project being developed by Mason Graphite. Key points include:
- Robust economics shown in the feasibility study, including a pre-tax IRR of 44% and payback period of 2.3 years.
- The project has a 25-year mine life using only 7% of current measured and indicated resources.
- Management has over 50 years of combined experience in graphite production and the team previously worked together at Timcal/Imerys Graphite.
- The project has local community support and access to hydroelectric power. Mason Graphite aims to be a low-cost producer of high-grade graphite.
This three sentence summary provides the high level information from the investor presentation document:
The document is an investor presentation from Newmont Mining Corporation that includes forward-looking statements and cautions readers that actual results may differ. It outlines Newmont's strategy of improving operational performance, strengthening its portfolio through projects like Merian and Long Canyon, and creating shareholder value through increased free cash flow and returns. The presentation also provides updates on Newmont's safety and sustainability performance as well as its financial and operating results.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BAML Metals & Mining Conference in May 2016. The presentation focused on Newmont's strategy of improving its underlying business through leading safety and cost performance, strengthening its portfolio through organic growth and transactions, and creating shareholder value through a superior balance sheet and cash flow. Newmont has reduced costs by 30% since 2012 and is building a longer-life, lower-cost asset portfolio through projects like Merian and Long Canyon.
Este documento proporciona instrucciones para crear un blog en 4 pasos: 1) crear una cuenta de Gmail, 2) registrarse en Blogger usando la cuenta de Gmail, 3) personalizar el blog eligiendo una plantilla y presentando el tema, y 4) agregar contenido y gadgets para completar el blog.
Inbound Marketing: Overview for Higher EducationAndrea Simon
This document provides an overview of inbound marketing for higher education. It discusses how inbound focuses on creating educational content to attract potential students to a website where they can learn more. It outlines the inbound methodology of attracting visitors, converting them to leads, closing leads as customers, and delighting customers. Case studies describe how Florida Institute of Technology and Thunderbird School of Management improved lead generation and conversions using HubSpot tools like landing pages, analytics, and lead management. The document concludes by discussing how the company works with clients through education, audits, webinars, and serving as an agency or coach.
Here is the Kollywood Gossips Cinesprint October Magazine and to know more follow the URL: http://issuu.com/cinesprint/docs/cinesprint_magazine_october_2015/c/scrhbwk
This document contains the text of a Catholic mass. It includes an entrance antiphon welcoming the coming of the Lord. It then has readings from the prophet Isaiah and the Gospel of Luke, and passages from Psalms. The Gospel reading describes Jesus healing people and responding to John the Baptist's disciples. The mass concludes with prayers asking God for mercy.
Work and organizational psychology is the application of psychological principles and science to solve problems related to work, business, and organizations. It aims to promote understanding of individual, group, and organizational effectiveness and satisfaction among employees. Work psychologists help make organizations healthy and profitable by recruiting suitable employees, identifying leaders, providing training, and motivating workers to achieve goals.
The presentation shares my perspectives on how the re-emergence of Iran has come about, where we are today, the energy opportunities that are likely to be on offer and under what terms, principal issues and challenges an investor is likely to face, and the likely impact this may have on the capital and energy markets.
Here is the Latest October Edition of CineSprint E-Magazine. Sonakshi Sinha as a cover story and Special Story of Janatha Garage. Inside Talk about Jr NTR Janatha Garage Movie, Exclusive Interview of Nargis Fakhri and Much More like Rising Star, Top Bollywood Grosser, Reviews, Fashion & Lifestyle, Divas and Models at CineSprint Magazine.
This document provides information about student accounts and financial aid at the University of Kentucky. It details tuition costs for Kentucky and non-resident students, explains what charges student accounts bill for such as tuition and fees, and outlines the types of financial aid and loans available including direct loans and private student loans. The document also answers frequently asked questions about account statements, payment due dates and methods, refunds, tax benefits, and the student ID wildcard card.
Independent Research Leaf Disc Photosynthesis LabHonori
The document summarizes an experiment that tested how the rate of photosynthesis is affected by the color of leaves. 15 disks were punched from two different colored leaves (light green and dark green) and their floating times in a sodium bicarbonate solution were recorded over 4 trials. The average rate of photosynthesis was then calculated for each leaf type based on the time it took for the disks to float. The results showed that the light green leaf disks floated faster, indicating a higher rate of photosynthesis, compared to the dark green leaf disks.
Td securities screen mining conference jan 2016 final, jan 2016RoyalGold
This document summarizes Royal Gold's presentation at the 2016 TD Securities Mining Conference in January 2016. The summary points are:
1) Royal Gold highlighted the quality of its portfolio, with new additions like Pueblo Viejo projected to have low production costs, and Mount Milligan already among the world's lowest cost copper mines.
2) The company emphasized the opportunities it sees, as it has deployed capital in a period of gold price weakness focusing on near-term production assets, yet its valuation remains compelling compared to peers.
3) Royal Gold expects growth in production and cash flow in fiscal 2016, driven by contributions from assets like Pueblo Viejo, Andacollo, Golden
The document is a presentation by Tony Jensen, President and CEO of GSA Investor Day in March 2016. It contains forward-looking statements about expected gold equivalent ounce production and mine life estimates from its properties. It discusses record quarterly results, growing margins, maximizing returns per share, growing and diversifying its portfolio through new streams on properties like Pueblo Viejo and Rainy River. It also covers returning capital to shareholders through dividends and investment results including its successful capital allocation with few impairments of invested dollars.
This document summarizes Royal Gold's presentation at the CIBC 19th Annual Whistler Institutional Investor Conference in January 2016. The presentation highlights Royal Gold's record streaming sales in the December quarter, driven by new contributions from Pueblo Viejo. It also emphasizes Royal Gold's quality portfolio, with new additions like Pueblo Viejo projected to have low production costs, and Mount Milligan already among the world's lowest cost copper mines. The presentation notes Royal Gold is well positioned for growth, with expectations of incrementally growing stream sales over the near term as assets like Andacollo and Golden Star ramp up, along with contributions from Pueblo Viejo and Mount Milligan further expanding capacity.
Royal Gold reported its fiscal 2016 fourth quarter results on August 11, 2016. Centerra Gold will acquire Thompson Creek Metals, which owns the Mount Milligan mine where Royal Gold has a streaming agreement. The agreement will be amended to maintain equivalent value for Royal Gold. Production is expected to increase at several of Royal Gold's stream and royalty properties in 2016 and 2017, including Pueblo Viejo, Peñasquito, Wassa, and Prestea. Rainy River construction is 40% complete with production expected to begin in late 2017. Royal Gold had $517 million in available liquidity as of June 30, 2016 and generated $49.2 million in operating cash flow in the fourth quarter.
Royal Gold held its annual meeting on November 16, 2016. In his presentation, President and CEO Tony Jensen discussed Royal Gold's strategy of investing in long-lived mining assets to generate cash flow and provide optionality. He highlighted recent transactions that expanded the portfolio, including increasing Royal Gold's interest in the Cortez mine. Jensen also emphasized Royal Gold's commitment to paying a growing dividend and disciplined capital allocation.
Royal Gold held its annual RBC Global Mining & Materials Conference in June 2015. CEO Tony Jensen highlighted Mount Milligan's strong performance, providing an excellent growth platform. Royal Gold has a high quality portfolio of long-lived assets from major counterparties and jurisdictions. With $1.4 billion in liquidity, Royal Gold is well positioned to pursue further growth opportunities while returning capital to shareholders.
Tony Jensen, President and CEO of BAML Canada Mining, discussed Royal Gold's strategy and vision. Royal Gold provides capital to mining companies in exchange for gold production from their mines. Royal Gold focuses on investing in long-lived, high-quality assets that produce mainly gold. It pays a growing dividend from the cash flow of its portfolio of streaming and royalty agreements on producing mines. Royal Gold aims to create long-term value for shareholders by leveraging gold prices and reserves through disciplined capital allocation.
- Tony Jensen, President and CEO of Royal Gold, presented at the company's annual meeting on November 11, 2015.
- Royal Gold achieved record production volumes and operating cash flow in fiscal year 2015, driven by contributions from new streams including Mount Milligan.
- Royal Gold has recently added new streams that are expected to contribute over 125,000 ounces of annual gold equivalent production over the next two years, including streams for Barrick's Pueblo Viejo mine, New Gold's Rainy River project, Teck's Andacollo mine, and Golden Star's Wassa and Prestea mines.
- Royal Gold reported record quarterly revenue of $74.1 million, up 7% from the previous year, driven by a record 65,868 gold equivalent ounces sold.
- The quarter included a $56 million expense from terminating the Andacollo royalty interest. Excluding this, earnings per share would have been $0.17.
- Production is expected to grow over the near term from new streams at Andacollo, Golden Star, and Pueblo Viejo, as well as continued ramp up at Mount Milligan.
Baml v2 barcelona revised screen may 2015RoyalGold
Mount Milligan is proving transformational for Royal Gold and providing an excellent platform for growth. Royal Gold has a high quality portfolio of properties, counterparties and jurisdictions that has generated strong returns. The company has approximately $1.4 billion in liquidity to pursue growth opportunities while balancing returns to shareholders.
Royal Gold's Presentation - Scotiabank London Mining DayRoyalGold
Royal Gold provides a solid portfolio and future through its high quality mining royalty and streaming assets. Mount Milligan copper and gold mine is proving transformational and provides an excellent growth platform. Royal Gold has approximately $1.4 billion in liquidity to balance growth opportunities with returning capital to shareholders. Key growth opportunities include expanding production at Peñasquito gold and copper mine and start-up of the Phoenix Gold Project in mid-2015. Royal Gold's portfolio consists of long-lived, high quality assets concentrated in top-tier jurisdictions and with investment-grade counterparties.
Royal Gold's 2015 Annual Meeting presentationRoyalGold
The document provides an overview of Royal Gold's 2015 annual meeting. It discusses key highlights from the fiscal year including record gold equivalent production and cash from operations. It also summarizes recent stream transactions including new streams on the Pueblo Viejo, Rainy River, Andacollo, and Golden Star properties which are expected to provide over 125,000 ounces of annual gold equivalent production over the next two years and diversify Royal Gold's revenue. The transactions allow Royal Gold to opportunistically reinvest in quality assets during a period of gold price weakness.
- The document is the presentation from Tony Jensen, President and CEO of Royal Gold, at their 2015 Annual Meeting on November 11, 2015.
- Royal Gold had a record year in FY2015, producing nearly 200,000 ounces of gold equivalent and generating record operating cash flow of $192 million.
- Royal Gold has recently added new streams that are expected to contribute over 125,000 additional gold equivalent ounces annually over the next two years, diversifying and growing the portfolio. These include streams on Barrick's Pueblo Viejo mine, New Gold's Rainy River project, Teck's Andacollo mine, and Golden Star's Wassa and Prestea mines.
2014 website tj annual meeting final nov 14 2014RoyalGold
Royal Gold held its 2014 Annual Meeting in November. Key highlights included strong volume growth driven by the ramp up of Mt. Milligan and development of the Phoenix project. Royal Gold has a quality portfolio with long mine lives at its largest investments and a focus on investment-grade counterparties and jurisdictions. Financially, Royal Gold has over $900 million in liquidity and a track record of increasing its dividend for 14 consecutive years while maintaining a competitive payout ratio.
Macquarie Triple M Presentation, June 2015RoyalGold
This presentation discusses Royal Gold's portfolio of mining royalties and streams. Mount Milligan is proving transformational and providing a platform for growth. Royal Gold has high quality properties, counterparties, jurisdictions, and a record of strong returns. It has $1.4 billion in liquidity to balance growth and returning capital to shareholders. Recent acquisitions and development progress at properties like Peñasquito, Phoenix Gold Project, and Wassa provide catalysts for growth and revenue in the coming years. Royal Gold's portfolio is of high quality with long mine lives, low costs of production, and investment grade counterparties.
Macquarie Triple M Presentation, June 2015RoyalGold
This document summarizes Stefan Wenger's presentation at the Macquarie Triple M Conference in June 2015. The key points are:
1) Mount Milligan is proving transformational for Royal Gold and providing an excellent growth platform, with record sales and progress towards design capacity.
2) Royal Gold has over $1.4 billion in liquidity to pursue growth opportunities while balancing returns to shareholders.
3) Royal Gold's portfolio consists of high-quality, long-lived assets from investment-grade counterparties located in top-tier jurisdictions, yielding strong returns and margins.
Macquarie Triple M Presentation, June 2015RoyalGold
This document summarizes Stefan Wenger's presentation at the Macquarie Triple M Conference in June 2015. The key points are:
1) Mount Milligan is proving transformational for Royal Gold and providing an excellent growth platform, with record sales and progress towards design capacity.
2) Royal Gold has over $1.4 billion in liquidity to pursue growth opportunities while balancing returns to shareholders.
3) Royal Gold's portfolio consists of high-quality, long-lived assets from investment-grade counterparties located in top-tier jurisdictions, yielding strong returns and margins.
The document summarizes Royal Gold's presentation at a metals and mining conference in December 2015. It discusses Royal Gold's portfolio of royalty and streaming assets, highlighting recent additions that are expected to provide over 125,000 ounces of annual gold equivalent production over the next two years. These include new streams on the Pueblo Viejo, Rainy River, Andacollo, and Wassa/Prestea projects. Pueblo Viejo is described as one of the lowest cost gold mines in the world.
- Royal Gold reported record revenue and volume in Q2 FY2016, driven by contributions from new stream agreements including Pueblo Viejo.
- Production from key assets like Pueblo Viejo, Mount Milligan, and Wassa/Prestea met or exceeded expectations in 2015.
- The company is well positioned for growth with new streams from Rainy River and existing liquidity to fund commitments, while trading at compelling valuation levels not seen since the financial crisis.
This document summarizes a presentation given by Bill Heissenbuttel of Barclays Select Series on their metals and materials cross asset forum in March 2015. The key points are:
1) Mount Milligan is proving transformational for growth as ramp-up continues providing an excellent platform for growth.
2) Royal Gold has high quality properties, counterparties, and jurisdictions in its portfolio.
3) Royal Gold has approximately $1.2 billion in liquidity and is balancing growth opportunities with returning capital to shareholders.
Similar to RBC Capital Markets Global Mining and Materials Conference (20)
Rgld john tumazos revised screen, june 2018RoyalGold
Royal Gold reported steady cash flow generation over the last 12 months. It is quickly deleveraging its balance sheet and expects to repay its revolving credit facility by June 2018. The company has embedded growth from projects coming online in 2018 at Cortez Crossroads and Peñasquito Leach, and from throughput, recovery, and grade improvements at operating mines like Rainy River, Wassa, and Mount Milligan. Royal Gold's portfolio provides long-term optionality through development projects like Pueblo Viejo and La Fortuna, and potential resource expansions.
RGLD is a gold and precious metals royalty and streaming company. The summary discusses RGLD's strong cash flow generation over the past year, focus on quickly reducing debt levels, and embedded organic growth from assets in its portfolio. Key assets providing near-term growth include Rainy River mine and potential new production from Cortez Crossroads and Peñasquito Leach projects. The document also outlines long-term optionality and development/permitting activity across RGLD's diverse global portfolio of 192 assets.
- Royal Gold provides a presentation on its performance and growth opportunities. It discusses steady cash flow generation over the last 12 months and focus on using cash flow to reduce debt. Embedded growth opportunities include production ramp ups at Cortez Crossroads and Peñasquito Leach and throughput improvements at Rainy River and Mount Milligan. The company has a diverse portfolio of assets providing long-term optionality through development and permitting activities as well as reserve increases.
- The document is a presentation by Royal Gold providing an overview and update on their business.
- It highlights Royal Gold's track record of steady cash flow generation and focus on using cash flows to quickly reduce debt levels.
- The presentation also outlines Royal Gold's embedded organic growth opportunities through projects coming online at properties in their portfolio, as well as their diverse portfolio of assets providing long-term optionality.
RGLD provides a presentation summarizing its performance and outlook. It highlights steady cash flow generation over the last year. RGLD is also quickly deleveraging its balance sheet, having repaid $75 million in debt in March 2018. The presentation also outlines RGLD's embedded growth opportunities from assets like Cortez Crossroads and Peñasquito Leach. RGLD has a diverse portfolio of 192 assets, with updates provided on several properties showing increased reserves.
Bof aml website final (v3.1) handouts may 2018RoyalGold
Royal Gold reported steady cash flow generation over the last 12 months. It is focused on using cash flow to quickly delever its balance sheet, with a goal of repaying its revolver by June 2018. Royal Gold has embedded growth from projects such as Cortez Crossroads and Peñasquito Leach that are expected to begin or ramp up production in 2018. It also has long-term optionality from its diverse portfolio that includes projects in development or with resource expansion potential.
Q3 final fiscal year 2018 earnings presentation may 3 2018RoyalGold
- Royal Gold reported third fiscal quarter 2018 results with revenue of $116 million, up 8% year-over-year, driven by first sales from the Rainy River mine and a higher gold price. They reported a net loss but adjusted earnings of $0.48 per share, up 32%.
- Near-term growth is expected from potential increased production at Rainy River and new production from Cortez Crossroads and Peñasquito Leach in 2018.
- Royal Gold continues to delever its balance sheet, repaying another $75 million of debt in March 2018 and expects to repay its revolver before June 30, 2018 and convertible bonds in 2019 using cash flow.
Webcast royal gold revised (standard size) animation (final) egf presentation...RoyalGold
Royal Gold reported strong cash flow generation and is quickly deleveraging its balance sheet. It expects to repay its credit facility before June 30, 2018 and repay bonds maturing in 2019 using cash and the credit facility. Royal Gold has embedded growth through expected production increases at several properties, including Rainy River and from the start-up of Cortez Crossroads. It maintains a diverse portfolio of assets, strong margins, and a lean cost structure. Royal Gold strategically allocates capital and has significant mine life remaining across its portfolio.
Royal gold revised cibc gold forum presentation, apr 2018RoyalGold
This presentation by Royal Gold's CFO discusses the company's performance and outlook. Some key points include:
- Royal Gold expects continued strong cash flow generation in fiscal year 2018, allowing it to quickly pay down debt. It expects to repay its credit facility by June 2018 and use cash to repay bonds maturing in 2019.
- The company has embedded growth through expected production increases at several of its stream and royalty properties over the next few years, including Rainy River, Cortez Crossroads, and Peñasquito Leach.
- Royal Gold maintains a diverse portfolio of stream and royalty interests that provides stability, with ongoing development, exploration, and reserve growth at several properties.
Royal Gold reported strong cash flow generation in fiscal year 2017 and the last twelve months. They are focusing on using free cash flow to quickly reduce debt levels. Embedded growth is expected from Rainy River mine deliveries building in 2018, production from Cortez Crossroads and Peñasquito Leach starting in 2019, and potential increases from Wassa, Prestea, and Mount Milligan. Royal Gold has a diverse portfolio of stream and royalty assets that provides efficiency through strong margins and a lean cost structure. They employ strategic capital allocation and have a long weighted average remaining mine life.
This document is a presentation from Royal Gold's Vice President of Corporate Development given on February 25, 2018. The summary discusses Royal Gold's strong performance over the past year in generating cash flow, focus on using free cash flow to reduce debt, embedded growth from expected production increases at several of its stream and royalty properties in 2018-2019, and its diverse portfolio of producing and development assets.
Q2 fiscal year 2018 earnings presentation feb 8 2018 final (v2)RoyalGold
Royal Gold reported second quarter fiscal year 2018 results. Revenue was $114 million, up 7% from the prior year, driven by stronger production at several South American mines and first sales from Rainy River. Reported loss was $0.23 per share due to one-time impacts of US tax reform. Adjusted earnings excluding these impacts was $0.41 per share, up 16%. Cash flow from operations was $76 million, up 8%. The company expects continued growth in 2018 from ramping up production at Rainy River and new projects coming online.
This presentation by Tony Jensen, President and CEO of Royal Gold, provides an overview of the company for investors at the CIBC 2018 Whistler Institutional Conference. Royal Gold is a precious metals streaming and royalty company that is generating strong cash flow growth, has embedded growth from new projects coming online in 2018, maintains high margins and a lean structure. The company focuses on disciplined capital allocation, equity stewardship, and returning value to shareholders through growing dividend returns over its history. Royal Gold's portfolio includes streaming agreements on the Rainy River and Cortez Crossroads projects which are expected to provide production growth in 2018.
This presentation discusses Royal Gold's outlook on the gold industry. It argues that gold is becoming increasingly precious and scarce as exploration has become less efficient at finding reserves and lead times to develop new mines have increased. It also argues that gold remains a valuable and competitive investment, having outperformed other asset classes historically. It notes that successful gold companies trade at a premium to the overall market value of gold equities. The presentation aims to emphasize the importance of Royal Gold pursuing a strategy of long term value creation through its stream and royalty portfolio.
This document summarizes Royal Gold's presentation at the Goldman Sachs Global Metals and Mining Conference on November 29, 2017. The summary points are:
1) Royal Gold reported operating cash flow growth in Q1 FY18 building on record performance in fiscal year 2017, and is quickly deleveraging its balance sheet.
2) The company has several sequential growth catalysts in calendar years 2017 and 2018, including ramping production at its newly operating Rainy River mine and the planned startups of Cortez Crossroads in 2018 and an accelerated pyrite leach project at Peñasquito.
3) Royal Gold has a diverse portfolio of stream and royalty interests, strong margins, a
Q1 fiscal year 2018 earnings presentation nov 2 2017 finalRoyalGold
Royal Gold reported first quarter 2018 results with revenue of $112 million and earnings of $0.44 per share. Notable developments included Rainy River mine achieving commercial production ahead of schedule, repayment of $50 million in debt, and over $900 million in liquidity. Embedded growth opportunities over the next two years include expected production from Cortez Crossroads in 2018 and the Peñasquito Pyrite Leach project in late 2017.
This presentation by Tony Jensen, President and CEO of Royal Gold, Inc. discusses the company's business strategy and outlook. Some key points:
- Royal Gold has a 20+ year track record of generating solid cash flow from its diverse portfolio of streaming and royalty agreements. It aims to maintain this performance through embedded growth from new projects.
- The company is quickly deleveraging its balance sheet and sees growth catalysts from new projects coming online in 2017, 2018 and 2019, including Rainy River, Cortez Crossroads, and Peñasquito Pyrite Leach.
- Royal Gold focuses on strong margins, a lean cost structure, strategic capital allocation, equity stewardship and returning dividends to shareholders
This document contains a cautionary statement regarding forward-looking statements in a presentation by Bank of America Merrill Lynch Vice President William Heissenbuttel on September 8, 2017. It summarizes Royal Gold's fiscal year 2017 highlights including record revenue, cash flow, and dividends. It outlines Royal Gold's growth strategy of acquiring streams and royalties on mines with upcoming production catalysts in 2017, 2018, and 2019 including Rainy River, Cortez Crossroads, and Peñasquito Pyrite Leach.
This presentation discusses Royal Gold's portfolio of stream and royalty assets. It highlights several upcoming growth catalysts expected between 2017-2019 including new production from Rainy River in 2017, Cortez Crossroads in 2018, and Peñasquito Pyrite Leach in 2019. The presentation also notes Royal Gold's record revenue, cash flow from operations, and dividends in fiscal year 2017. It emphasizes the company's strong liquidity position and track record of growth while maintaining a conservative leverage ratio.
Royal Gold reported record revenue, cash flow from operations, volume, and dividends for fiscal year 2017. It also repaid $95 million in debt and has over $850 million in liquidity with no additional capital commitments. The company has sequential growth catalysts already funded at its streaming and royalty properties, including first production expected at Rainy River in calendar year 2017, startup of Cortez Crossroads in 2018, and startup of the Peñasquito Pyrite Leach project in 2019. Royal Gold expects its overall revenue profile to remain approximately 85% from precious metals based on current operator forecasts through fiscal years 2018 to 2020.
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Collective Mining | Corporate Presentation - June 2024
RBC Capital Markets Global Mining and Materials Conference
1. RBC Capital Markets
Global Mining &
Materials Conference
Bill Heissenbuttel, Vice President
Corporate Development
June 2016
2. Cautionary Statement
2
This presentation contains certain forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from
the projections and estimates contained herein and include, but are not limited to: expected gold equivalent ounce production in the March 2016
quarter and beyond; production, cost, reserve and mine life estimates and forecasts from the operators of the Company’s royalty and stream
properties; reserves and resources, construction progress and projected start-up dates at the Cortez Crossroads, Rainy River and Wassa and Prestea
projects; anticipated growth in the volume of metals subject to the Company’s royalty and stream interests; the impact of exchange rates on the
Company’s full year effective tax rate; adequacy of liquidity; sources and uses of capital; projected cash balances and leverage amounts; statements
concerning the Company’s dividend rates and market valuation; analyst valuations with and without value for Mount Milligan; return on investment
expectations; statements concerning continued operation of Mount Milligan regardless of Thompson Creek’s financial situation; and statements or
estimates from operators of properties where we have royalty and stream interests regarding the timing of development, construction and
commencement of production, or their projections of steady, increasing or decreasing production once in operation. Factors that could cause actual
results to differ materially from these forward‐looking statements include, among others: the risks inherent in construction, development and
operation of mining properties, including those specific to new mines being developed and operated in foreign countries; changes in gold, silver,
copper, nickel and other metals prices; performance of and production at the Company’s properties; decisions and activities of the Company’s
management; unexpected operating costs; decisions and activities of the operators of the Company’s royalty and stream properties; changes in
operators’ mining and processing techniques or royalty calculation methodologies; resolution of regulatory and legal proceedings (including with Vale
regarding Voisey’s Bay); unanticipated grade, geological, metallurgical, environmental, processing or other problems at the properties; inaccuracies in
technical reports and reserve estimates; revisions by operators of reserves, resources, mineralization or production estimates; changes in project
parameters as plans of the operators are refined; the results of current or planned exploration activities; discontinuance of exploration activities by
operators seeking additional financing from the Company or third parties; economic and market conditions; variations between operators’ production
estimates and our estimates of net GEOs; operations on lands subject to aboriginal rights; the ability of operators of development properties to
finance construction to project completion and bring projects into production and operate them in accordance with feasibility studies; challenges to
the Company’s royalty interests, or title and other defects in the Company’s royalty properties; errors or disputes in calculating royalty payments or
stream deliveries, or payments or deliveries not made in accordance with royalty or stream agreements; the liquidity and future financial needs of the
Company; the impact of future acquisitions and royalty and stream financing transactions; adverse changes in applicable laws and regulations;
litigation; and risks associated with conducting business in foreign countries, including application of foreign laws to contract and other disputes,
environmental laws, enforcement and uncertain political and economic environments. These risks and other factors are discussed in more detail in the
Company’s public filings with the Securities and Exchange Commission. Statements made herein are as of the date hereof and should not be relied
upon as of any subsequent date. The Company’s past performance is not necessarily indicative of its future performance. The Company disclaims any
obligation to update any forward‐looking statements.
Endnotes located on page 30 and 31.
June 2016
3. 3
Royal Gold Vision & Strategy
We create long term value by providing leverage and optionality to gold price
and reserve upside by:
Providing a portfolio of assets in some of the best gold districts in the world
Maintaining a fixed cost structure
Capital allocation discipline
Gold Focused Pay a
Growing and
Sustainable
Dividend
Invest at the
Troughs and
be Patient at
the Top
Reinvest Free
Cash Flow in
Long Lived
Properties
Be the Most
Valuable, Not
Necessarily
the Largest
June 2016
4. 4
Portfolio of Assets
Portfolio by Metal
85% of Revenue from Gold in the First 9 Months of Fiscal 2016
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 9 mths
2016
Gold Silver Other
June 2016
5. 5
Portfolio of Assets
Distribution of Geography
80% of Revenue from Canada, Chile, US & Mexico in First 9 Months of Fiscal 2016
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 9 mths
2016
US Canada Chile Dominican Republic Mexico Africa Australia Other
June 2016
6. 6
GrossRevenue$USD
Andacollo
Mount Milligan
Voisey's Bay
Peñasquito
Robinson
Golden Star
Taparko
Pueblo Viejo
Cortez
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
First 3
quarters
FY04:
Cortez/Pipeline
was 88% of
revenue
FY10:
Taparko was
24% of revenue
FY07:
Peñasquito was
41% of total
assets, not
producing yet,
startup risk
FY12:
Andacollo was
24% of revenue
FY15:
Mount Milligan
was 22% of net
revenue
Cornerstone Properties generate cash flow that lead to more diversification
Portfolio of Assets
Cornerstone Properties
June 2016
7. 7
80% of our portfolio asset value is in mines with reserve life >15 years,1 including:
Portfolio of Assets
Current Value Drivers
Pueblo Viejo, 20 years
Mount Milligan, 21 years
Andacollo, 20 years
June 2016
8. 8
Portfolio of Assets
Life of Mines
80% of our portfolio asset value is in mines with reserve life >15 years,1 including:
0
5
10
15
20
25
Mt.
Milligan
Andacollo Voisey's
Bay
Pueblo
Viejo
Cortez Canadian
Malartic
Rainy River Peñasquito Leeville Robinson Golden
Star
Holt Mulatos
Years in production since we've owned it Years of remaining mine life
Years
2
June 2016
10. Growth
New Stream Transactions
Operator Property Strategic Rationale
Estimated Annual
Net GEOs
(first five years)1
Current Status
Barrick Pueblo Viejo
Producing; one of only three mines in the
world to produce >1m oz per year; first
quartile costs; high quality resources with
further exploration potential
50,500
Now receiving regular
deliveries
New Gold Rainy River
Under construction; quality deposit;
significant exploration potential; excellent
jurisdiction
17,500
Overall construction
35% complete
Teck Andacollo
Producing; increased economic
participation (rate and duration) and
expanded area of interest; well regarded
jurisdiction
40,000
Now receiving regular
deliveries
Golden Star Wassa, Prestea
Producing and developing low cost
projects, large land package with
exploration optionality
20,000
Stream upsized, now
receiving regular
deliveries
10June 2016
11. Expected to deliver ~50,000 GEOs of production per year to Royal Gold1
Gold deliveries began in December 2015; silver deliveries began in January 2016
Latest Update (Barrick’s share)2:
o CQ1 2016 production of 172,000 of gold at all-in sustaining costs of $496 per ounce
o Barrick reiterated 2016 production forecast of 600,000-650,000 ounces and reduced guidance
for all-in sustaining costs to $550-$590 per ounce (from $570-$620 per ounce)
o The mine treated higher grade ore in the first calendar quarter which was not processed in
December; maintenance accelerated during shutdown
Quality
Pueblo Viejo Contributions Growing
11
Pueblo Viejo – Barrick Gold (60% interest), Dominican Republic
June 2016
12. Latest Update1:
o Overall construction progress is currently 35% complete
o Plant site earthworks over 90% complete
o Assembly of initial mine fleet complete
o Installation of mechanical, piping, electrical and instrumentation began in April
o A section of the starter dam, which represents approximately 30% of the initial structure,
is expected to be redesigned, requiring amendments to existing permits
12
Quality
Rainy River In Construction
Rainy River – New Gold, Canada
December 2015 February 2016
June 2016
13. Project:
o Long operating history
o Well respected partner in Teck, Canada’s largest diversified resource company
o Proven and probable reserves of 1.6 Moz gold and a 22 year mine life
Stream:
o 100% gold stream to 900 koz; 50% thereafter, subject to 89% payable factor
o Royal Gold will pay 15% of spot price per ounce, in addition to upfront payment of $525 million
o Larger economic interest in terms of duration and gold interest vs. prior royalty
o Expanded footprint encompassing additional mineral rights and a 1.5 kilometer area of interest
relative to prior royalty (which Royal Gold sold for consideration of $345 million)
13
Andacollo – Teck, Andacollo
Quality
Longer life and larger interest at Andacollo
June 2016
14. Wassa and Prestea – Golden Star Resources, Ghana
Latest Update1:
o March quarter Wassa and Prestea open pit production of 53,000 ounces at cash costs
estimated below $750 per ounce1, in line with full year guidance of 180,000-205,000
ounces of gold production
o Higher quality Wassa and Prestea underground projects under construction
o Expect new sources of ore will increase annual production by ~25% beginning in late 2017
Quality
Wassa and Prestea Transition to Underground
June 2016 14
15. 15
Quality
Cortez Crossroads On Schedule
Crossroads is an area of approximately 3 million ounces1 of reserves subject to
Royal Gold’s 5.6% royalty interest
Waste stripping in the Crossroads pit began in 20152
Dewatering wells were completed in 2015
Production expected in 20182
Cortez Crossroads – Nevada, USA
June 2016
17. 0
50
100
150
200
250
300
350
400
450
500
SLW FNV RGLD
RGLD share count unchanged since 2012
17
Millions of Common Shares Outstanding
We have demonstrated positive stewardship of shareholder capital
Our share count is a fraction of our peers, and nearly unchanged since Oct 2012
Capital Allocation
Disciplined Use of Equity
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
SLW FNV RGLD
Operating Cash Flow Per Share1,2
June 2016
19. 19
Long Term Value Creation
Gold Reserve Optionality and Growth
Organic growth represents reserve optionality
~20% growth in attributable gold reserves after acquisition
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
0
1
2
3
4
5
6
7
8
9
10
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
AttributableGoldOunces(millions)
Equity Reserve Growth Acquired Reserves $Au (EOY)
GoldPrice
June 2016
20. 20
Long Term Value Creation
Gold Reserve Waterfall
Organic growth represents reserve optionality
Organic growth largely offsets consumption
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
2005 Reserves Acquisitions Depletion Growth 2015 Reserves
AttributableGoldOunces(millions)
June 2016
21. -$4,000
-$2,000
$0
$2,000
$4,000
$6,000
$8,000
Total capital invested to date Revenue to Date Estimated Value of 7.3Moz Net Equity
Reserves * $1250 gold, at 80%
recovery
21
$3.5B
InMillionsof$USD
Last12months
$2.0B
$7.3B
Consolidated investments have paid back ~60% of investment to date
Indicative simple return of ~3X investment
Long Term Value Creation
Return on Investment Expectations
June 2016
22. -500
0
500
1000
1500
2000
2500
3000
3500
RGLD Total Return Gold Price in US Dollars % Change S&P 500 Total Return Level % Change
RGLD total return outperformed S&P 500 Total Return & Gold Price since 2000
22
PercentageTotalReturn Long Term Value Creation
Historical Performance
Source: YCharts
June 2016
23. 23
Long Term Value Creation
Mount Milligan Investment
Lien Rankings1
RGLD
Investment
Net
revenue
$0
$200
$400
$600
$800
$1,000
$1,200
RevenueRGLD
Investment
InMillionsof$USD
$0
$200
$400
$600
$800
$1,000
$1,200
Street
Consensus
NAV of
Mount
Milligan
net of
stream2
Principal
Secured
Notes
Consensus value
after senior
secured bonds
~$800M
Equipment Financing ($59M)
Senior Secured Bonds ($314M currently)
Royal Gold – Au in concentrate
Royal Gold – Stream
Unsecured Bonds ($517M)
June 2016
24. Peñasquito
24
First quartile of worldwide production costs
21 year mine life
Located in British Columbia, Canada
Appeals to gold or copper production
Royal Gold’s interest is secured
Mount Milligan – Thompson Creek, Canada
Long Term Value Creation
Mount Milligan Attributes
June 2016
25. Creativity in deal structure
Disciplined capital allocation
Operating expertise
Governance and oversight
Incentives that foster discipline and align with shareholders
25
Royal Gold’s Competitive Advantages
June 2016
26. Continued near-term growth expected, driven by Pueblo Viejo and Rainy River1
Five Year Volume Pro-forma
26
200,000
220,000
240,000
260,000
280,000
300,000
320,000
FY2016 FY2017 FY 2018 FY 2019 FY 2020
NetGEOs1
June 2016
27. 0.0x
10.0x
20.0x
30.0x
40.0x
50.0x
60.0x
RGLD Price to CFO Per Share (TTM) FNV Price to CFO Per Share (TTM) SLW Price to CFO Per Share (TTM)
FNV average P/CF (LTM)
Royal Gold trading at a substantial discount to historical cash flow per share1
27
Compelling Valuation
RGLD average P/CF (LTM) SLW average P/CF (LTM)
Value gap
between
historical
(29x) and
current
(15x) RGLD
multiple
June 2016
28. 28
Simple and efficient business model
Straight forward strategy
Portfolio of high quality, long lived assets
Growth embedded in current portfolio
Attractive returns, leveraged to price and reserve optionality
Disciplined capital allocation and processes
Experienced and capable management and board
Compelling valuation
Compelling Investment
NASDAQ:RGLD
June 2016
30. Many of the matters in these endnotes and the accompanying slides constitute forward looking statements and are subject to numerous risks, which
could cause actual results to differ. See complete Cautionary Statement on page 2.
30
PAGE 7 PORTFOLIO OF ASSETS – CURRENT VALUE DRIVERS
1. Based on reserves for year ended December 31, 2015 as reported by the operator.
PAGE 8 PORTFOLIO OF ASSETS – LIFE OF MINES
1. Based on reserves for year ended December 31, 2015 as reported by the operator.
2. Mulatos royalty is capped. Reflects estimated date that cap will be met.
PAGE 10 GROWTH – NEW STREAM TRANSACTIONS
1. Estimates are based on future projections provided to Royal Gold by the operators and assuming constant $1,200 gold. There can be no
assurance that production estimates received from our operators will be achieved. Please refer to our cautionary language regarding
forward-looking statements at the beginning of this presentation.
PAGE 11 QUALITY – PUEBLO VIEJO CONTRIBUTIONS GROWING
1. Estimates are based on future projections provided to Royal Gold by the operators and assuming constant $1,200 gold. There can be no
assurance that production estimates received from our operators will be achieved. Please refer to our cautionary language regarding
forward-looking statements at the beginning of this presentation.
2. See Barrick’s press release dated April 26, 2016.
PAGE 12 QUALITY– RAINY RIVER IN CONSTRUCTION
1. See New Gold’s press release dated April 27, 2016.
PAGE 14 QUALITY – WASSA AND PRESTEA TRANSITION TO UNDERGROUND
1. See Golden Star’s press release dated April 13, 2016.
PAGE 15 QUALITY – CORTEZ CROSSROADS ON SCHEDULE
1. See the Company’s reserve release dated April 27, 2016.
2. See Barrick’s 43-101 report for Cortez dated March 29, 2016.
PAGE 16 CAPITAL ALLOCATION – RETURNING CAPITAL TO SHAREHOLDERS
1. Payout ratio of operating cash flow calculated as dividends paid divided by cash from operations for the fiscal year ended June 30, 2015.
2. Source is S&P Capital IQ.
Endnotes
June 2016
31. Many of the matters in these endnotes and the accompanying slides constitute forward looking statements and are subject to numerous risks, which
could cause actual results to differ. See complete Cautionary Statement on page 2.
31
PAGE 17 CAPITAL ALLOCATION – DISCIPLINED USE OF EQUITY
1. Royal Gold’s operating cash flow for the period ended September 30, 2016 adjusted for the gain on the sale of the Andacollo royalty
($47.7 million).
2. Source for competitor operating cash flow per share is S&P Capital IQ.
PAGE 18 LONG TERM VALUE CREATION – INVESTMENT RETURNS AND THESIS
1. Mulatos royalty is capped. Reflects estimated date that cap will be met.
PAGE 23 LONG TERM VALUE CREATION – MOUNT MILLIGAN INVESTMENT
1. The information presented is a simplified view of agreements between Royal Gold (including Royal Gold’s wholly owned subsidiaries) and
Thompson Creek Metals (and its subsidiaries) as well as with the bondholders. For additional information please see Royal Gold’s public
filings with the SEC.
2. Based on the average calculated from reports from CIBC (January 14, 2016), RBC (February 25, 2016) and Scotiabank (February 25, 2016).
PAGE 26 FIVE YEAR VOLUME PRO-FORMA
1. Volumes are Net Gold Equivalent Ounces (GEOs). GEOs are calculated as revenue divided by the average quarterly gold price per ounce of
gold. The pro forma totals are based on estimates from the operators of the properties on which we have a royalty or streaming interest.
Those estimates are subject to risks and uncertainties as detailed on slide 2.
PAGE 27 COMPELLING VALUATION
1. Source is Ycharts for competitor multiples. Royal Gold’s operating cash flow multiple for FY2016 adjusted for the gain on the
Andacollo royalty sales ($47.7 million).
Endnotes
June 2016