Avocet Mining Full Year Results. 6 th March 2014
|
|
- Dulcie Hopkins
- 6 years ago
- Views:
Transcription
1 Avocet Mining 2013 Full Year Results 6 th March 2014 Page 1
2 Quality assets in a highly prospective region Inata Gold Mine o o o Producing mine with significant exploration potential Cash generative asset even at lower gold prices Upside from satellite Souma deposit 20km from Inata process plant currently 0.8Moz with significant growth potential o Inata Mineral Resources of 5.5 Moz., including 0.8 Moz. at Souma Tri-K Development Project o Feasibility study results announced in Q o Potential to be Guinea s next producing gold mine - first under new mining code o Low capex development plan assumes initial heap leach project Page 2
3 Summary: 2013 Inata production of 118,443 ounces at a total cash cost of US$1,203/oz Carbon blinding circuit - online H Now a fully unhedged gold producer Completion of Tri-K feasibility study, including maiden Ore Reserve Baseline studies commenced at Souma ahead of mining licence application Business Review considering options for maximising the value of assets 2, , , , , , , , , , , Gold price ; 2013 represented biggest one year drop in 13 years Business increasingly well placed for low gold price environment Page 3
4 Business Review Page 4
5 Business Review Review announced on 20 th December to consider options for maximising the value of the Company s assets for the benefit of shareholders Key objectives of Business Review include - Ensure Inata mine is adequately funded - Address repayment of Elliott loan Discussions ongoing with a number of parties Company will provide further updates as appropriate Process under way to address funding issues Page 5
6 Operational review Inata Gold Mine Page 6
7 Inata gold mine Located in Northern Burkina Faso Production since 2009 Open pit mining methods, mined 33.2 million tonnes in 2013 Mining along Inata and Minfo trends Mining licence expanded 50% to include new area Filio Resources increased to over 6 million ounces Life of mine plan updated to be based on lower gold price of US$950/oz Sayouba pit Inata North pit Inata processing plant Inata Central pit Aerial view showing Inata layout Minfo pit Refocused on smaller pit shells and cash generation Page 7
8 Updated Mineral Resources Mineral Resources in Bélahouro district increased to 6.1 million ounces, comprising: - Inata Mining Licence expanded to 39km 2 now includes Filio - Resource within mining licence now increased to 5 million ounces - Inata Surrounds (Pali, Ouzeni) 310,000 ounces - Souma increased by 12% to 822,000 ounces, with 32% increase in M&I as resources are upgraded Group Mineral Resources increased to 9.1 million ounces - Includes Tri-K Mineral Resource of 3 million ounces Group Mineral Resources grown to 9 million ounces Page 8
9 2013: full year production Full year production of 118,443 ounces Production 8% lower in H vs H as result of: - Lower mining volumes (-31%) as a result of equipment down time and pit slope failures - Process plant throughput rates (- 10%) reduced due to reduced SAG mill throughput and power generation Low grade material processed ahead of carbon blinding circuit commissioning in Q Construction commenced Q H H Ore mined (k tonnes) 1,788 1,326 Waste mined (k tonnes) 17,827 12,273 Total mined (k tonnes) 19,614 13,599 Ore processed (k tonnes) 1,236 1,117 Average head grade (g/t) Process recovery rate 85% 88% Gold Produced (oz) 61,726 56,717 Cash costs (US$/oz) Mining Processing Administration Royalties ,204 1,201 Addressing underperformance with new LOM focussed on cash generation Page 9
10 Improving mining fleet availability Inata s mining fleet comprises 6 excavators and 2 front end loader, 17 haul trucks and ancillary equipment such as drill rigs, dozers, graders Equipment downtime in Q4 reduced average tonnages mined in November and December to 71kt and 68kt respectively - CAT 993 suffered a fire and then drive shaft failure. 3 trucks suffered transmission failures Maintenance processes being improved Based on smaller pit shells, mining rate likely to be in region of 55,000-60,000 tonnes per day - Contract mining being considered to deliver higher reliability of equipment and reduce capital expenditure decision likely in Q Smaller pits will require lower mining rates Page 10
11 Addressing processing plant performance Throughput capacity c.2mt p.a. (higher in oxide ore) Consistent processing rates in H1; reduced throughput in H2 as result of: - Generator failures in December; - Vibrations on the SAG mill require mill to be run below capacity until plant shutdown. - Shutdown planned in phased approach during H1 to fix vibrations and upgrade mill motor - First phase of shutdown (1 week) planned for March. Remaining 2-3 weeks of shutdown in Q2 Plant throughput to improve following phased SAG mill shutdown in H Page 11
12 Carbon blinding circuit: new process flow Ore feed from existing grinding circuit Cyclones Blinding additional tanks Cyanide Tailings Key: Flow of material Existing plant Additional equipment - carbon blinding circuit Additional regen. capacity CIL tanks Elution circuit Additional CIL tank Simple project with little or no disruption to operations during construction Page 12
13 Carbon blinding circuit: online H New carbon blinding circuit will achieve higher recoveries - Carbon blinding refers to negating effects of organic carbon in certain ore types - Higher recovery rates equate to additional ounces of gold production during LOM - High grade ore previously excluded from LOMP due to high PRI is now economic - Circuit enables high grade carbonaceous ore to be processed as mined, rather than stockpiled for later treatment, as has been necessary to date Blinding circuit is a simple project with estimated capex of US$6m, in contrast to previous estimates for a more complex solution - Capex will be met from Inata s own cash generation - Construction is well under way and all major parts have been ordered Inata plant will continue processing lower grade benign oxide material until carbon blinding circuit is complete scheduled by mid-2014 Civils contractor appointed Low capex solution of US$6m funded from Inata operating cash flow Page 13
14 2014: Inata outlook Q1 2014: - Lower grades pending CBC commissioning - Throughput impacted by plant remediation - First phase of SAG mill shutdown to be conducted during March, to be completed in 1 week; remaining 2-3 weeks of shutdown to be completed in Q2 Inata life of mine plan - Estimated life of mine plan provided in 20 th December press release - Updated life of mine plan to be announced with Q1 results on 8 th May - Production guidance for 2014 to be provided alongside updated life of mine plan Inata remediation continues Page 14
15 Souma added to Inata LOM plan Souma project added to Inata life of mine plan as satellite ore source Mineral Resource estimate increased to 822,000 ounces - Includes 32% increase in Measured and Indicated ounces following infill drilling programme in 2013 Benign metallurgy no carbonaceous ore types and amenable to standard CIL processing techniques Mining licence application process commenced - Baseline studies underway - Initial pit shells completed on existing resource Plan is to construct 20km haul road between Souma and Inata processing plant and truck ore Production expected in 2015 Inata to benefit from cash generation from Souma ore in 2015 Page 15
16 Development review Tri-K Project, Guinea Page 16
17 Tri-K feasibility study Details of feasibility announced October Maiden Ore Reserve of g/t Au (480,000 oz.) - Life of mine strip ratio of million tonne p.a. heap leach plant with 7 year mine life - Average gold recoveries of 80% - Average annual production of 55,000 oz. Heap leach project will target oxide portion of Orebody - Approximately 0.6Moz estimated to be amenable to heap leach - Exploitation of 2.4 Moz contained in fresh material to be considered through CIL Potential to be Guinea s first mine under the new mining code Page 17
18 Tri-K licence approval process Exploration licences consolidated into 5 new licences over the existing project area - Exploitation permit application made over footprint of Ore Reserve areas Koulékoun and Kodiéran ESIA and Feasibility Study presented to Guinea government in July Final submission in October ESIA has now been approved National Commission of Mines convened by Guinea authorities to review Tri- K application which has approved the Feasibility Study - Grant of Exploitation Permit expected shortly Exploitation of 2.4 Moz contained in fresh material to be considered through CIL Business Review process ongoing to review funding options for development following grant of permit Process remains on track; development options under review Page 18
19 Financial review Page 19
20 Income continuing operations 2013 US$ million Revenue Cost of sales (179.6) (168.7) Gross (loss)/profit (30.4) 35.4 Administrative & finance items (15.6) (17.1) (Loss)/profit before exceptionals (46.0) 18.3 Exceptional items - Net impairment of assets (40.7) (135.3) - Net impact of hedge (62.7) - Profit/(loss) before taxation (149.4) (117.0) EBITDA (10.5) 48.4 Results mainly affected by a US$54.8m fall in revenue lower production (US$23.3m) and lower realised prices (US$31.5m, including higher number of ounces sold into the hedge) Cost of sales reflect mining and processing costs higher by $9.1m and $2.3m respectively Impairments comprise Burkina Faso $30.5m, Guinea $7.3m, and other impairments of $2.9m, mainly reflecting lower gold price and changes in Inata estimated life of mine plan Net impact of hedge represents the partial buy back and restructure cost of US$20.2m and the final settlement of the forward contracts of US$42.4m. Final settlement cost reflects US$96.6m loss on initial recognition of hedge liability in March less US$54.2m reduction in liability between March and November resulting from hedge deliveries & lower spot prices Page 20
21 Cash flow statement 2013 US$ million EBITDA (10.5) 48.3 Working capital (1.8) 0.3 Hedge restructure and settlement (62.6) - Interst paid (1.8) (1.0) Tax paid (3.5) - Provision/other Net cash (used in)/generated by operating activities (78.7) 52.4 Capex (15.7) (35.1) Exploration (14.5) (31.8) Loan proceeds Debt payments (6.8) (24.0) Dividend - (13.2) Other cash movement (1.8) 1.4 Total decrease in cash (39.7) (50.3) Opening cash Closing cash Operating cash flow impacted by lower production, fall in gold prices and hedge buy backs 2013 capex includes - US$5.9m mining equipment and rebuilds - US$6.1m tailings facility Debt repayments comprise US$5.0m final repayment of Macquarie loan, and $1.8m principal repayments on Ecobank loan Loan proceeds comprise US$15.0m Elliott loan draw down in March and US$62.8m Ecobank draw down in October Loan balances outstanding (76.5) (5.0) Closing net (debt)/cash (61.3) 49.9 Page 21
22 Cash costs Production variances increased cash costs by US$96/oz., with lower tonnes treated and grades partially offset by gold in circuit changes year on year Mining and Processing cost accounted for US$77/oz. and US$48/oz. of the increase respectively Royalty costs decreased the cash costs by US$21/oz. due to lower gold prices Page 22
23 Mining and processing costs 2013 Mining costs Processing costs US$/t US$/t Tonnes mined 33.2m 33.1m Tonnes processed 2.35m 2.56m Mining costs up 16% on approximately the same tonnes mined Higher maintenance, fuel and explosive costs account for the majority of the increase in cost per tonne Processing costs up 6% on 8% fewer tonnes processed Higher maintenance, fuel and reagent costs account for the majority of the increase in cost per tonne Page 23
24 2014 outlook Complete Business Review Refocus Inata on cash generation through mining smaller pit shells Complete construction of carbon blanking circuit Submit Souma mining permit application Page 24
25 Avocet Mining a West African focused gold mining and exploration company Page 25
26 Disclaimer This Presentation is for information purposes in connection with Avocet Mining PLC (the Company ). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees, consultants or advisers give, have given or have authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability, completeness or suitability of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees, consultants or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of the accuracy or completeness of the Information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising or out of or in connection with the use of this Presentation. Each party to whom this Presentation is made available must make its own independent assessment of the Company and the Presentation after making such investigations and taking such advice as may be deemed necessary. Any reliance placed on the Presentation is strictly at the risk of such person relying on such Presentation and the Information contained within. This Presentation may contain forward-looking statements regarding the Company and its subsidiaries. These statements are based on various assumptions made by the Company. Such assumptions are subject to factors which are beyond our control and which involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Forward-looking statements may in some cases be identified by terminology such as may, will, could, should, expect, plan, intend, anticipate, believe, estimate, predict, potential or continue, the negative of such terms or other comparable terminology. These forward looking statements are only predictions. Actual events or results may differ materially, and a number of factors may cause the Company's actual results to differ materially from any such statement. Such factors include among others general market conditions, demand for the Company's products, development in reserves and resources, unpredictable changes in regulations affecting our markets, market acceptance of products and such other factors that may be relevant from time to time. Although we believe that the expectations and assumptions reflected in the statements are reasonable, any person relying on such Information and Presentation are cautioned that the Company cannot guarantee future results, levels of activity, performance or achievement. In preparing this Presentation and except as required by law, the Company does not undertake or agree to any obligation or responsibility to provide the recipient with access to any additional information or to update this Presentation or Information or to correct any inaccuracies in, or omission from this Presentation or to update publicly any forward-looking statements for any reason after the date of this Presentation to conform these statements to actual results or to changes in our expectations. You are advised, however, to consult any further public disclosures made by the Company, such as filings made with the London Stock Exchange, Oslo Stock Exchange or press releases. This Presentation does not constitute an offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoever. Copies of this Presentation should not be distributed to any affiliates, third parties or indirect recipients in any manner whatsoever. The distribution of this Presentation in or to persons subject to other jurisdictions may be restricted by law and persons into whose possession this Presentation comes should inform themselves about, and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdictions. United Kingdom: This Presentation has not been approved by an authorised person in accordance with Section 21 of the Financial Services and Markets Act 2000 and therefore it is being delivered for information purposes only to a very limited number of persons and companies who are persons who have professional experience in matters relating to investments and who fall within the category of person set out in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or are high net worth companies within the meaning set out in Article 49 of the Order or are otherwise permitted to receive it. Any person who receives this Presentation who does not fall within the category of person set out in Article 19 and Article 49 of the Order should not rely or act upon it. By accepting this Presentation, the recipient represents and warrants that they are a person who falls within the above description of persons entitled to receive the Presentation Page 26
Avocet Mining. Annual General Meeting. 2 nd May 2013
Avocet Mining Annual General Meeting 2 nd May 2013 Page 1 Quality portfolio of assets Inata Gold Mine o Producing mine with significant exploration potential o Inata cashflows strengthened following reprofiled
More informationAvocet Mining. Investor Presentation. December 2011 February 2012
Avocet Mining Investor Presentation December 2011 February 2012 Page 1 DISCLAIMER This Presentation is for information purposes in connection with Avocet Mining PLC s (the Company s ) preliminary results
More informationAvocet. 31 December ounces and Strong. Group. million. Year ended. Audited. operations (US$000)) 137, ,744. (ounces) 1,301 1,174
23 February 2012 Avocet t Mining PLC 2011 Full Year Results HIGHLIGHTS Company successfully restructured to focus exclusively on o West African gold mining and exploration Sale of South East Asian assets
More informationITY CIL Project. September 20, 2017
ITY CIL Project September 20, 2017 SPEAKERS SÉBASTIEN DE MONTESSUS Chief Executive Officer, President & Director TABLE OF CONTENT 1 ITY CIL PROJECT OVERVIEW JEREMY LANGFORD Chief Operating Officer 2 ITY
More informationIndaba Mining Conference February 2011
Indaba Mining Conference 7 10 February 2011 Cautionary note DISCLAIMER This Presentation has not been approved by an authorised person in accordance with Section 21 of the Financial Services and Markets
More informationAvocet Mining PLC RBC Capital Markets 2011 African Gold Conference. June 2011
Avocet Mining PLC RBC Capital Markets 2011 African Gold Conference June 2011 Corporate overview Largest shareholders o Elliott 13.0 % o Datum 12.2 % o BlackRock 10.0 % o JP Morgan 7.7 % Directors o Russell
More informationEndeavour Mining. Q4 and Full Year 2015 Results CREATING A PREMIER AFRICAN GOLD PRODUCER
Endeavour Mining Q4 and Full Year 2015 Results Disclaimer & Forward Looking Statements Cash cost per ounce and all-in sustaining cash cost per ounce are non-gaap performance measures with no standard meaning
More informationFor personal use only
ASX ANNOUNCEMENT 28th November 2012 MATILDA MINE DEMONSTRATES ROBUST ECONOMICS Matilda open pit design confirms o 2.45Mt milled tonnes @ 2.11 g/t au head grade o 150,000oz gold production over four years
More informationGROWTH THROUGH CASH FLOW. Q Results 3 August 2017
GROWTH THROUGH CASH FLOW 2017 Results 3 August 2017 2 DISCLOSURES Forward Looking Statements: There are risks associated with an investment in the shares of Centamin. Recipients of this presentation should
More informationSpanish Mountain Gold Announces Results of New PEA for the First Zone
1120-1095 West Pender Street Vancouver, British Columbia, V6E 2M6 Tel: 604.601.3651 April 10, 2017 Spanish Mountain Gold Announces Results of New PEA for the First Zone VANCOUVER, B.C. Spanish Mountain
More informationAvocet Mining PLC. Annual Report and Accounts 2016
Avocet Mining PLC Annual Report and Accounts Contents Overview 1 About us Strategic Report 2 Introduction 3 Chairman s statement 4 Chief Executive s statement 7 Financial review 11 Business model and Strategy
More informationLSE:ACA. Acacia Mining plc. Unearthing Africa s Potential
LSE:ACA Acacia Mining plc Unearthing Africa s Potential 03.09.2015 Important Notice This presentation includes forward-looking statements that express or imply expectations of future events or results
More informationNorth Mara. Site Visit September 2010
North Mara Site Visit September 2010 0 Disclaimer Important Notice This presentation has been provided to you for information purposes only. It does not constitute an offer, solicitation, invitation or
More informationCelebrating 21 years of African gold mining. Presentation by Lee-Anne de Bruin, Chief Financial Officer Mining Indaba 2018, Cape Town
Celebrating 21 years of African gold mining Presentation by Lee-Anne de Bruin, Chief Financial Officer Mining Indaba 2018, Cape Town Important Notices and Disclaimers Not an offer of securities This presentation
More informationFocused on West Africa
Focused on West Africa Avocet Mining PLC Annual Report and Accounts for the year ended 31 December 2010 2009 2010 Gold production 236,396 oz at US$660 per oz compared with 109,548 oz 109,548 236,396 ounces
More informationRESERVES of 700,000 ounces Gold (43-101) RESOURCES of 4.2 million ounces Gold (43-101) 25 th February 2013 Annual General Meeting
RESERVES of 700,000 ounces Gold (43-101) RESOURCES of 4.2 million ounces Gold (43-101) 25 th February 2013 Annual General Meeting www.vatukoulagoldmines.com info@vgmplc.com +44(0)207 440 0643 DISCLAIMER
More informationDriving Long-Term Value from Solid Foundations. Denver Gold Forum. Octavio Alvídrez. 19 September 2016
Driving Long-Term Value from Solid Foundations Denver Gold Forum Octavio Alvídrez 19 September 2016 Disclaimer This document includes statements that are, or may be deemed to be, forward-looking statements.
More informationThis Presentation is for information purposes in connection with Leed Resources PLC (the Company ). While the information contained herein has been
This Presentation is for information purposes in connection with Leed Resources PLC (the Company ). While the information contained herein has been prepared in good faith, neither the Company nor any of
More informationPRODUCING AND EXPLORING Q WEBCAST
PRODUCING AND EXPLORING Q3 2012 WEBCAST 1 CAUTIONARY STATEMENT This presentation contains forward looking information, within the meaning of applicable Canadian securities legislation, and forward looking
More informationThe Syama Transformation Story
The Syama Transformation Story Mine Gold. Create Value. Ms Lee-Anne de Bruin, Chief Financial Officer JP Morgan Australian Gold Forum September 2018 Important Notices and Disclaimers This presentation
More informationAcacia Mining plc ( ACA ) reports fourth quarter production results
2 January 206 Fourth Quarter Production Report for the three months ended 205 Based on IFRS and expressed in US Dollars (US$) Acacia Mining plc ( ACA ) reports fourth quarter production results We are
More informationOrezone Announces Positive Preliminary Economic Assessment
Orezone Announces Positive Preliminary Economic Assessment January 22, 2014 - Orezone Gold Corporation (ORE:TSX) is pleased to announce the results of an independent Preliminary Economic Assessment (the
More informationWEST AFRICAN SCOPING STUDY DELIVERS HIGH MARGIN, LOW CAPITAL COST STAGE 1 GOLD PROJECT
Press Release 29 th July 2014 WEST AFRICAN SCOPING STUDY DELIVERS HIGH MARGIN, LOW CAPITAL COST STAGE 1 GOLD PROJECT West African Resources Limited (ASX, TSXV: WAF) is pleased to announce the results of
More informationDetour Gold Updates Life of Mine Plan for Detour Lake
February 4, 2012 NEWS RELEASE Detour Gold Updates Life of Mine Plan for Detour Lake Detour Gold Corporation (TSX: DGC) ( Detour Gold or the Company ) is pleased to announce an updated life of mine plan
More informationCONDOR GOLD. Mines and Money Conference. 1 st to 3 rd December 2015 CONDOR GOLD PLC
CONDOR GOLD Mines and Money Conference 1 st to 3 rd December 2015 DISCLAIMER This written presentation (the "Slides") has been prepared by Condor Gold plc (the "Company"). The Slides are the sole responsibility
More informationNEWS RELEASE. Preliminary Economic Assessment of Block 14 Strong Economics at US$1,200/oz
Orca Gold Inc., 2000-885 West Georgia St., Vancouver, B.C., V6C 3E8, Canada Tel: +1 604 689 7842 Fax: +1 604 689 4250 NEWS RELEASE Preliminary Economic Assessment of Block 14 Strong Economics at US$1,200/oz
More informationPETROPAVLOVSK PLC FY 2017 Results Presentation 28 March 2018
PETROPAVLOVSK PLC FY 2017 Results Presentation 28 March 2018 Cautionary and Forward-looking Statements Some statements contained in this presentation or in documents referred to in it are or may be forward-looking
More informationEmerging Producer in the. Murchison Goldfields
Emerging Producer in the Kirkalocka Gold Project Update April 2012 Murchison Goldfields ASX:MUM Release of Feasibility Study Released April 2, 2012 Demonstrates the recommissioning of Kirkalocka is economic
More informationCANADA S INTERMEDIATE GOLD PRODUCER LOM Presentation / Workshop 25 January 2016
CANADA S INTERMEDIATE GOLD PRODUCER 1 2016 LOM Presentation / Workshop 25 January 2016 Forward Looking Information This presentation contains certain forward-looking information and statements as defined
More informationPRESS RELEASE. Banro Announces Record Q Production and Revenue Results
PRESS RELEASE Banro Announces Record Q1 2015 Production and Revenue Results Toronto, Canada May 13, 2015 Banro Corporation ("Banro" or the "Company") (NYSE MKT - "BAA"; TSX - "BAA") today announced its
More informationDELIVERING SUSTAINABLE RETURNS. BMO Global Metals & Mining Conference 2018
DELIVERING SUSTAINABLE RETURNS BMO Global Metals & Mining Conference 2018 DISCLOSURES Forward Looking Statements: There are risks associated with an investment in the shares of Centamin plc ( Centamin
More informationRoyal Gold Announces Preliminary Economic Assessment for the Peak Gold Project
Royal Gold Announces Preliminary Economic Assessment for the Peak Gold Project DENVER, COLORADO. SEPTEMBER 24, 2018: ROYAL GOLD, INC. (NASDAQ:RGLD) (together with its subsidiaries, Royal Gold or the Company
More informationMetminco Limited Developing Gold Production in Colombia. MAY 2017 Annual General Meeting
Metminco Limited Developing Gold Production in Colombia MAY 2017 Annual General Meeting 1 DISCLAIMER This presentation (the Presentation ) is strictly confidential to the recipient and has been prepared
More informationDefinitive Feasibility Study Released 16:23 28-Feb-2017
Regulatory Story Xtract Resources plc - XTR Definitive Feasibility Study Released 16:23 28-Feb-2017 RNS Number : 1114Y Xtract Resources plc 28 February 2017 For immediate release 28 February 2017 Xtract
More informationEMERGING GOLD PRODUCER IN THE ARABIAN NUBIAN SHIELD FINANCING DEVELOPMENT OF TULU KAPI
EMERGING GOLD PRODUCER IN THE ARABIAN NUBIAN SHIELD FINANCING DEVELOPMENT OF TULU KAPI August 2015 DISCLAIMER The information contained in this document ( Presentation ) has been prepared by KEFI Minerals
More informationCANADA S INTERMEDIATE GOLD PRODUCER
CANADA S INTERMEDIATE GOLD PRODUCER Third Quarter 2018 Results Conference Call & Webcast October 25, 2018 1 Cautionary Statement on Forward Looking Information This presentation contains certain forward-looking
More informationDECEMBER QUARTER AND 2013 YEAR END REPORT Toronto, Canada: February 20, 2014
TERANGA GOLD CORPORATION 2600 121 King Street West Toronto ~ Ontario ~ M5H 3T9 ~ Canada T: 416-594-0000 F: 416-594-0088 E: investor@terangagold.com www.terangagold.com PRESS RELEASE For Immediate Release
More informationKişladağ Expansion Project
Kişladağ Expansion Project Forward Looking Statement Certain of the statements made in this Presentation may contain forward-looking statements or information within the meaning of the United States Private
More informationUnaudited Preliminary Results for the Year Ende...
Armadale Capital Plc Unaudited Preliminary Results for the Year Ende... Unaudited Preliminary Results for the Year Ended 31 December 2013 Armadale Capital Plc Armadale Capital Plc ( Armadale or the Company
More informationOrezone Announces Positive Feasibility Study for Bomboré
Orezone Announces Positive Feasibility Study for Bomboré Mine Life increased to 11 years, 24.4% after tax IRR and AISC of US$678/oz April 28, 2015, Orezone Gold Corporation (ORE-TSX) is pleased to announce
More informationMorila our company maker in a post mining legacy. Chiaka Berthe
Morila our company maker in a post mining legacy Chiaka Berthe Investor Days November 2016 Morila history 2002 Morila Produces 1.05Moz of gold 2008 Randgold took over Morila operatorship 2000 AngloGold
More informationUnlocking Value and Delivering Returns to Shareholders
Unlocking Value and Delivering Returns to Shareholders Denis Alexandrov Chief Executive Officer Denver Gold Forum September 2018 AIM: HGM Disclaimer Certain statements within this presentation constitute
More informationRESERVES of 790,000 ounces Gold (43-101) RESOURCES of 4.2 million ounces Gold (43-101) PRODUCTION rate of 65,000 ounces/annum 2012
RESERVES of 790,000 ounces Gold (43-101) RESOURCES of 4.2 million ounces Gold (43-101) PRODUCTION rate of 65,000 ounces/annum 2012 TARGETING 100,000 ounces per annum 18 APRIL 2012 PROACTIVE INVESTOR PRESENTATION
More informationPERFORMANCE UPDATE FROM HILLGROVE'S KANMANTOO OPERATION GREG HALL IIIII CEO & MANAGING DIRECTOR 1 MAY 2013
FROM HILLGROVE'S KANMANTOO OPERATION GREG HALL IIIII CEO & MANAGING DIRECTOR 1 MAY 2013 AUSTRALIAN AND INDONESIA FOCUS PRODUCTION AND EXPLORATION ASSETS Bird s Head project Production and cash flow in
More informationPRESS RELEASE. Banro Files NI Technical Report on Namoya Project, Democratic Republic of the Congo
PRESS RELEASE Banro Files NI 43-101 Technical Report on Namoya Project, Democratic Republic of the Congo Toronto, Canada May 13, 2014 Banro Corporation ("Banro" or the "Company") (NYSE MKT - "BAA"; TSX
More informationKINROSS GOLD CORPORATION Q Results Conference Call & Webcast
November 9 2017 KINROSS GOLD CORPORATION Q3 2017 Results Conference Call & Webcast 1 1 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION All statements, other than statements of historical fact, contained
More informationFor personal use only
An Emerging West African Gold Developer www.papillonresources.com February 2013 Executive Summary Gold focus in Mali Flagship Fekola Project advancing rapidly Mineral Resource Estimate of 4.21 Moz (@ 2.38
More informationCorporate Presentation
DENVER GOLD FORUM 2017 Corporate Presentation Jeff Quartermaine Managing Director & CEO September 2017 ASX/TSX: PRU www.perseusmining.com 1 Cautionary Statements Disclaimer No representation or warranty,
More informationCALEDONIA MINING CORPORATION
CALEDONIA MINING CORPORATION Presentation to MineAfrica, London, December 3, 2012 ww.caledoniamining.com Company Presentation August December 2011 December 2012 Disclaimer This presentation does not constitute,
More informationQ OPERATING & FINANCIAL RESULTS. Conference Call & Webcast Presentation
Q1 2017 OPERATING & FINANCIAL RESULTS Conference Call & Webcast Presentation FORWARD LOOKING INFORMATION This presentation has been prepared by Asanko Gold Inc. (the Company ) solely for informational
More informationTUNKILLIA GOLD PROJECT
TUNKILLIA GOLD PROJECT Positive Scoping Study establishes that Mungana (ASX: MUX) can become costcompetitive gold producer in South Australia Highlights Technical and economic assessment provides confidence
More informationUNEARTHING THE FUTURE. THE 28 TH ANNUAL GOLD FORUM The Broadmoor, Colorado Springs, Colorado September 2017
UNEARTHING THE FUTURE THE 28 TH ANNUAL GOLD FORUM The Broadmoor, Colorado Springs, Colorado 24-27 September 2017 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. Forward-looking
More informationLamaque Update March 2018
Lamaque Update March 2018 Cautionary Note About Forward Looking Statements and Information Certain of the statements made and information provided in this presentation are forward-looking statements or
More informationSYDNEY MINING CLUB FEBRUARY 2019 DUNCAN GIBBS MANAGING DIRECTOR & CEO
SYDNEY MINING CLUB FEBRUARY 2019 DUNCAN GIBBS MANAGING DIRECTOR & CEO DISCLAIMER IMPORTANT NOTICES Nature of this document: The purpose of this presentation is to provide general information about Gold
More informationSyama: Automation Powering Transformation. Mine Gold. Create Value. Corporate Presentation Cape Town February 2019
Syama: Automation Powering Transformation Mine Gold. Create Value. Corporate Presentation Cape Town February 2019 Important Notices and Disclaimers This presentation contains information about Resolute
More informationNews Release. B2Gold Corp. Announces Positive Results from the Preliminary Economic Assessment for the Gramalote Project in Colombia
News Release B2Gold Corp. Announces Positive Results from the Preliminary Economic Assessment for the Gramalote Project in Colombia Vancouver, March 12, 2014 B2Gold Corp. (TSX: BTO, NYSE MKT: BTG, NSX:
More informationRNI INCREASES GROSVENOR GOLD ORE RESERVES TO 523,000oz
ASX Announcement 29 November 2013 RNI INCREASES GROSVENOR GOLD ORE RESERVES TO 523,000oz Resource and Investment NL (ASX: RNI) is pleased to announce an update of Mineral Ore Reserves at the Grosvenor
More informationExpansion Definitive Feasibility Study Results Investor Presentation June 5, 2017
A ROBUST GROWTH PLAN AND STRONG CASH GENERATION Expansion Definitive Feasibility Study Results Investor Presentation June 5, 2017 FORWARD LOOKING INFORMATION This document has been prepared by Asanko Gold
More informationLow capital development cost and high grades maximise free cash flow
Harmony Gold Mining Company Limited Registration number 1950/038232/06 Incorporated in the Republic of South Africa ISIN: ZAE000015228 JSE share code: HAR ( Harmony or the Company ) Harmony s Golpu Project
More informationForward Looking Statement
Certej Project Forward Looking Statement Certain of the statements made in this Presentation may contain forward-looking statements or information within the meaning of the United States Private Securities
More informationCANADA S INTERMEDIATE GOLD PRODUCER
CANADA S INTERMEDIATE GOLD PRODUCER Second Quarter 2018 Results Conference Call & Webcast July 26, 2018 1 Cautionary Statement on Forward Looking Information This presentation contains certain forward-looking
More informationUNEARTHING THE FUTURE
UNEARTHING THE FUTURE Bank of America Merrill Lynch 34 th Annual Global Mining Metals & Steel Conference Barcelona, Spain May 16-18, 2017 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking
More informationTropicana Gold Mine Investor Presentation MAY 2014
Tropicana Gold Mine Investor Presentation MAY 2014 APRIL 2015 AngloGold Ashanti Ltd Disclaimer Certain statements contained in this document, other than statements of historical fact, including, without
More informationSanbrado Gold Project Feasibility Study
Sanbrado Gold Project Feasibility Study West Africa s next tier 1 gold asset 22 June 2018 Richard Hyde Managing Director & CEO IMPORTANT NOTICE IMPORTANT NOTICE AND DISCLAIMER This presentation contains
More informationKBL Mining Limited (ASX: KBL) Presentation May 2015 Resources Investment Symposium BROKEN HILL
KBL Mining Limited (ASX: KBL) Presentation May 2015 Resources Investment Symposium BROKEN HILL Disclaimer This presentation and these materials (together the Presentation ) has been prepared by KBL Mining
More informationTECHNICAL PRESENTATION MARCH 2014
TECHNICAL PRESENTATION MARCH 2014 1 FORWARD LOOKING STATEMENTS This presentation contains certain statements that constitute forward-looking information within the meaning of applicable securities laws
More informationQ Results Overview
Q3 2017 Results Overview 2 Disclaimer This presentation does not constitute, or form part of, any offer to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in Caledonia
More informationCôté Gold Project Feasibility Study Conference Call
Côté Gold Project Feasibility Study Conference Call November 2, 2018 l TSX: IMG l NYSE: IAG l Cautionary Statement All information included in this presentation whether in narrative or chart form, including
More informationFor personal use only
20 June 2017 SIANA GOLD PROJECT AND COMPANY UPDATE Key Points Siana Gold Project, Philippines Key milestones achieved with underground development prior to suspension of underground activities: o Combined
More information2018 Half Year Financial Results. 22 February 2018
2018 Half Year Financial Results 22 February 2018 The current investment phase is creating long life, low cost mines with exceptional growth prospects 2 Mine Gold. 142,748oz Total Gold Production H1 FY18
More informationFor personal use only. Drilling at Torrecillas July 2011
Drilling at Torrecillas July 2011 Mundo Mineracao Ltda - Overview Presentation December 2012 1 Disclaimer & Forward-Looking Statements Competent Person s Statement The information in this report that relates
More informationDecember Quarter 2014 Review*
December Quarter 2014 Review* 29 January 2015 *This presentation should be read in conjunction with the December quarter 2014 activities report 2 Key points Strong quarterly production performance: quarterly
More informationNEWCREST PROFITABLE GROWTH
NEWCREST PROFITABLE GROWTH Gerard Bond Finance Director and Chief Financial Officer Disclaimer Forward Looking Statements This presentation includes forward looking statements. Forward looking statements
More informationDenver Gold Forum. Strengthening our precious metals position. September 11, Octavio Alvídrez, CEO Fresnillo plc
Strengthening our precious metals position Denver Gold Forum September 11, 2012 Octavio Alvídrez, CEO Fresnillo plc LSE:Fres BMV:Fres www.fresnilloplc.com Disclaimer This document includes statements that
More informationGENERATING CAPITAL RETURNS INTERIM RESULTS 2018
GENERATING CAPITAL RETURNS INTERIM RESULTS 2018 DISCLOSURES Forward Looking Statements Forward Looking Statements: There are risks associated with an investment in the shares of Centamin plc ( Centamin
More informationSEMAFO: Positive Mana PFS and Reserve Additions at Mana and Boungou. 5-Year Average Target of 413,000 Ounces of Annual Production, AISC $696
PRESS RELEASE SEMAFO ALL AMOUNTS IN US DOLLARS FOR IMMEDIATE RELEASE SEMAFO: Positive Mana PFS and Reserve Additions at Mana and Boungou 5-Year Average Target of 413,000 Ounces of Annual Production, AISC
More informationKBL Mining Limited (ASX: KBL) Investor Presentation October KBL Mining Limited : : Investor Presentation
KBL Mining Limited (ASX: KBL) Investor Presentation October 2014 Corporate Snapshot KBL Mining Limited (ASX:KBL) - Producer, developer and explorer of base and precious metals with substantial exposure
More informationDetour Gold Achieves Production and Cost Guidance for 2017 and Provides 2018 Guidance
January 16, 2018 NEWS RELEASE Detour Gold Achieves Production and Cost Guidance for 2017 and Provides 2018 Guidance Detour Gold Corporation (TSX: DGC) ( Detour Gold or the Company ) today announces fourth
More informationPOSITIONING FOR SUSTAINABLE GROWTH
POSITIONING FOR SUSTAINABLE GROWTH Island Gold Mine Expansion Case PEA May 29, 2017 TSX NYSE : RIC RICHMONT MINES FORWARD-LOOKING STATEMENTS Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning
More informationUser guide GROWTH THROUGH CASH FLOW
User guide Welcome to the. In this interactive pdf you can do many things to help you easily access the information that you want, whether that s printing, searching for a specific item or going directly
More informationMEDIA RELEASE. OCEANAGOLD HAILE OPTIMISATION STUDY DELIVERS ENHANCED VALUE (All financial figures in US Dollars unless otherwise stated)
MEDIA RELEASE 26 June 2017 OCEANAGOLD HAILE OPTIMISATION STUDY DELIVERS ENHANCED VALUE (All financial figures in US Dollars unless otherwise stated) (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the
More informationOur winning strategy is all about profitable investments. Graham Shuttleworth
Our winning strategy is all about profitable investments Graham Shuttleworth Investor Days November 2016 Changes in African mining codes AFRICA Mining code legislation changes Mining codes currently under
More informationTropicana Gold Mine Duncan Gibbs General Manager MAY 2014 JULY 2014
Tropicana Gold Mine Duncan Gibbs General Manager MAY 2014 JULY 2014 AngloGold Ashanti Ltd Disclaimer Certain statements contained in this document, other than statements of historical fact, including,
More informationI N V E S T O R P R E S E N T A T I O N
I N V E S T O R P R E S E N T A T I O N 0 8. 1 4 DISCLAIMER AND OTHER MATTERS SAFE HARBOR: Some statements contained in this presentation are forward-looking statements within the meaning of the Private
More informationHANKING GOLD MINING. Diggers & Dealers. August 2016
HANKING GOLD MINING Diggers & Dealers August 2016 Important Notice and Disclaimer IMPORTANT: YOU MUST READ THE FOLLOWING BEFORE CONTINUING The following Important Notice applies to this presentation and
More informationHalf Year Financial Results December 2008
Half Year Financial Results December 2008 Ian Smith MD & CEO Greg Robinson Director Finance Disclaimer Forward Looking Statements These materials include forward looking statements. Forward looking statements
More informationAcacia Mining plc (formerly African Barrick Gold plc) LSE: ACA. ( Acacia or the Company ) Approval of Gokona Underground project at North Mara
27 November 2014 Acacia Mining plc (formerly African Barrick Gold plc) LSE:ACA ( Acacia or the Company ) Approval of Gokona Underground project at North Mara Total production of 450,000 ounces over a 5
More informationTSX-V:TGM March 2016
TSX-V:TGM March 2016 0 CAUTIONARY STATEMENT Cautionary Note Regarding Forward-Looking Statements: This presentation contains "forward-looking statements" and "forward-looking information" within the meaning
More informationNusantara Resources Low cost gold development + Exploration
Martin Pyle Mike Spreadborough Boyke Abidin Rob Hogarth Craig Smyth C o r p o r a t Capital Structure ASX Code: NUS Shares 97.5 m. Options 37.4 m.av $0.42 Price $ 0.345 Market Cap $ 34 m. Cash (est Dec
More informationLEAGOLD ANNOUNCES FEASIBILITY STUDY FOR LOS FILOS MINE EXPANSION
News Release TSX: LMC January 16, 2019 LEAGOLD ANNOUNCES FEASIBILITY STUDY FOR LOS FILOS MINE EXPANSION (All amounts in US dollars, unless otherwise indicated) Vancouver, January 16, 2019 Leagold Mining
More informationSt Barbara at a glance. FY 16 at a glance. Record Gold Production 386,564 ounces. Record Low All in Sustaining Costs A$933/oz
Annual Report 2016 Annual Report St Barbara at a glance FY 16 at a glance St Barbara was established in 1969 and is an ASX 200 listed gold mining company (ASX:SBM). St Barbara has two mining operations:
More informationQ Results Overview
Q1 2017 Results Overview 2 Disclaimer This presentation does not constitute, or form part of, any offer to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in Caledonia
More informationLEAGOLD FILES UPDATED TECHNICAL REPORT FOR LOS FILOS GOLD MINE, INCREASING RESERVES BY 59% TO 2.7 MILLION OUNCES GOLD
News Release TSX: LMC March 8, 2018 LEAGOLD FILES UPDATED TECHNICAL REPORT FOR LOS FILOS GOLD MINE, INCREASING RESERVES BY 59% TO 2.7 MILLION OUNCES GOLD Vancouver, March 8, 2018 Leagold Mining Corporation
More informationCash Preservation Cost Reduction Disciplined Capital Allocation
Cash Preservation Cost Reduction Disciplined Capital Allocation Gordon Stothart EVP & Chief Operating Officer Dundee Capital Markets Precious Metals Roundup October 31 November 3, 2013 TSX: IMG NYSE: IAG
More information1 NYSE: GSS TSX: GSC. Creating a leading African gold producer
1 NYSE: GSS Creating a leading African gold producer Disclaimer SAFE HARBOUR: Some statements contained in this presentation are forward -looking statements or forward-looking information (collectively,
More informationAZUMAH MINING LEASES GRANTED
AZUMAH MINING LEASES GRANTED WA GOLD PROJECT, GHANA ASX & Media Release ASX Code AZM 28 th July 2014 Perth-based gold explorer and developer Azumah Resources Limited (ASX:AZM) (Azumah or the Company) is
More informationPETROPAVLOVSK PLC. Investor Presentation March 2016
PETROPAVLOVSK PLC Investor Presentation March 2016 Cautionary and Forward-looking Statements Some statements contained in this presentation or in documents referred to in it are or may be forward-looking
More informationAsia s newest major gold producer Tujuh Bukit Oxide Gold Silver Heap Leach
Asia s newest major gold producer Tujuh Bukit Oxide Gold Silver Heap Leach Mines and Money Asia Company Spotlight Presentation Paul Muddy Willis April 2017 1 Disclaimer PT Merdeka Copper Gold Tbk ( PT
More informationLundin Mining Corporate Update November 2018
TSX: LUN Nasdaq Stockholm: LUMI Lundin Mining Corporate Update November 2018 1 Candelaria, Atacama Region, Chile Cautionary Statements Caution Regarding Forward-Looking Information and Non-GAAP Performance
More informationQ4 and Full Year 2017 Results
The leading high grade gold producer in Colombia Q4 and Full Year 2017 Results Lombardo Paredes Arenas, CEO Mike Davies, CFO 1 DISCLAIMER Forward Looking Statements This presentation contains "forward
More information