LAMAQUE GOLD PROJECT. January 2017

Transcription

1 LAMAQUE GOLD PROJECT January 2017

2 FORWARD LOOKING STATEMENT No stock exchange, securi8es commission or other regulatory authority has approved or disapproved the informa8on contained on this presenta8on. This presenta8on contains "forward-looking informa8on" concerning Integra Gold Corp. s ( Integra or the Company ) future financial or opera8ng performance and other statements that express management's expecta8ons or es8mates of future developments, circumstances or results. Generally, forward-looking informa8on can be iden8fied by the use of forward-looking terminology such as seeks, "believes", "an8cipates", "plans", con8nues, "budget", "scheduled", "es8mates", "expects", "forecasts", "intends", projects, predicts, proposes, "poten8al", targets and varia8ons of such words and phrases, or by statements that certain ac8ons, events or results "may", "will", "could", "would", should or "might" "be taken", "occur" or "be achieved". Forward-looking statements included in this presenta8on include statements regarding poten8al mineraliza8on and mineral resources, the poten8al development scenarios for the Lamaque Gold Project, including informa8on with respect to the suppor8ng infrastructure, the poten8al life of mine, rates of produc8on and the effects of steps taken to mi8gate local impacts and the expected comple8on dates of explora8on and drilling, explora8on results, es8mated and future explora8on and administra8on expenditures, the 8ming and results of preliminary economic assessments, other development studies, and future plans and objec8ves of Integra. While all forward-looking statements involve various risks and uncertain8es, these statements are based on certain assump8ons that management of Integra believes are reasonable, including that it will be able to obtain financing and on reasonable terms, that its current explora8on and other objec8ves can be achieved, that its explora8on and other ac8vi8es will proceed as expected, that its community and environmental impact procedures will work as an8cipated, that general business and economic condi8ons will not change in a material adverse manner, that Integra will not experience any material accident, labour dispute or failure or shortage of equipment, and that all necessary government approvals for its planned explora8on and poten8al development ac8vi8es will be obtained in a 8mely manner and on acceptable terms. There can be no assurance that the forward-looking statements will prove to be accurate and actual results and future events could differ materially from those an8cipated in such statements. Important factors that could cause actual results to differ materially from the Integra s expecta8ons include, among others, the actual results of current explora8on ac8vi8es being different than those an8cipated by Integra, changes in project parameters as plans con8nue to be refined, changes in es8mated mineral resources, future prices of metals, increased costs of labor, equipment or materials, availability of equipment, failure of equipment to operate as an8cipated, accidents, effects of weather and other natural phenomena, risks related to community rela8ons and ac8vi8es of stakeholders, and delays in obtaining governmental approvals or financing. Although Integra has axempted to iden8fy important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as an8cipated, es8mated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those an8cipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Integra does not intend, and expressly disclaims any inten8on or obliga8on to, update or revise any forward-looking informa8on or statements whether as a result of new informa8on, future events or otherwise, except as required by law. For further informa8on about the Lamaque Gold Project, including informa8on about key assump8ons, parameters, risks and data verifica8on measures rela8ng to the mineral resource es8mates and PEA referred to in this presenta8on, can be found in the technical report en8tled Technical Report and Mineral Resource Es8mate Update for the Lamaque Project dated November 15, 2015 and prepared by InnovExplo, filed on Integra s SEDAR profile at Hervé Thiboutot, Eng., Senior Vice President, is the qualified person for the Company under Na8onal Instrument , and have reviewed and approved all of the scien8fic and technical informa8on contained in this presenta8on. 2

3 Where have all the Gold discoveries gone? This is compounded by the increased difficulty of finding new, economic deposits. 3

4 The pipeline of projects is drying up Gold Reserves Declined Over 3 Years 1 1,2 ProducRon Forecast to Decline Source: Goldcorp Presenta8on, August 2016 (1) Includes: Goldcorp, Barrick, Newmont, Newcrest, Agnico Eagle, Kinross, Yamana, AngloGold, Goldfields and Harmony (Source: Company reports) (2) produc8on for AngloGold, Kinross, Newcrest, Goldfields and Harmony is assumed flat from 2016E for 2017E and 2018E 4

5 The value of Integra: Simple. The sector needs near-term, economic gold deposits 2+ million ounces and growing Resource es8mate planned for Q1 2017, will include over 100,000 m of drilling from Triangle Low Cost 2015 PEA es8mated C$731 AISC, updated PEA in February 2017 will incorporate more low cost mining methods PermiYed Mill Integra acquired the adjacent, fully permixed, 2,400 tpd Sigma Mill and Tailings in 2014 High Grade Triangle grades 9 g/t Au, keeping costs low and insula8ng the Company from swings in the gold price. Capital Efficiency Less than C$90 million in Capex to create a 100,000+ ounce per year producer Near-term producron Ramp construc8on underway with a bulk sample scheduled for Q

6 Strong Share Price Performance, 2 year Integra Peers TSXV US$ Gold Price GDXJ XAU 400.0% 350.0% Commence construcron on Triangle Ramp Updated Resource EsRmate 300.0% Updated Resource EsRmate incl. C Structures 250.0% 231.7% Relative Performance 200.0% 150.0% 100.0% Environmental Permits Received Eldorado acquires 15% of ICG 42.5% 50.0% 22.5% 14.4% - (1.9%) (50.0%) (100.0%) Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Source: Capital IQ. As of January 5, Note: GDXJ is the Market Vectors Junior Gold Miners ETF; Precious metal developers without current production (>3 years, or uncertain, estimated time to production). Peers consist of Richmont Mines Inc., Roxgold Inc., Osisko Mining Inc., Wesdome Gold Mines Ltd., Belo Sun Mining Corp, Dalradian Resources Inc., Victoria Gold Corp., Sabina Gold & Silver Corp., Midas Gold Corp., Eastmain Resources Inc., Treasury Metals Inc., Pretium Resources Inc. Falco Resources Ltd., Gold Standard Ventures Corp, Pure Gold Mining Inc. 6

7 Timeline Catalyst: Expected CompleRon: Updated Resource EsRmate Triangle, No. 6 Vein, Parallel and No. 4 Plug Preliminary Economic Assessment Q Updated Resource EsRmate Triangle and Sigma Q Triangle Deposit Bulk Sample Q Drill Results 10k metres pending from Triangle, results from Lamaque Deep, 6 drills turning Monthly 7

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9 Resource Growth 1,800 m depth Pilot Hole Complete November

10 Share Structure Shares Outstanding Fully Diluted Market Cap Cash Marketable SecuriRes M M ~$329.8 M ~$43 M ~$5 M As of January 5,

11 Advancing underground 11

12 Analyst Coverage $2.00 Analyst Price Range = $ $1.75 Share Price (C$) $1.50 $1.00 $0.50 Consensus Analyst Target Price = $1.16 Consensus Analyst NAV PS = $1.13 $0.00 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Lauren McConnell Date: 17/11/2016 Target Price: $1.30 NAVPS: $1.04 Pierre Vaillancourt Date: 29/11/2016 Target Price: $1.25 NAVPS: $1.43 Stuart McDougall Date: 29/11/2016 Target Price: $1.75 NAVPS: $1.73 Ingrid Rico Date: 29/11/2016 Target Price: $1.25 NAVPS: $1.52 Michael Gray Date: 17/11/2016 Target Price: $1.00 NAVPS: $1.44 Sam CriYenden Date: 19/12/2016 Target Price: $1.00 NAVPS: $0.82 Andrew Mikitchook Date: 19/12/2016 Target Price: $1.25 NAVPS: $1.05 Michael Curran Date: 16/11/2016 Target Price: $1.25 NAVPS: $1.24 Tyron Breytenbach Date: 17/11/2016 Target Price: $1.10 NAVPS: $1.02 Kerry Smith Date: 29/11/2016 Target Price: $0.90 NAVPS: $0.80 Barry Allan Date: 19/09/2016 Target Price: $1.00 NAVPS: $0.98 Joseph Reagor Date: 06/09/2016 Target Price: $1.00 NAVPS: $0.58 George Topping Date: 29/11/2016 Target Price: $1.05 NAVPS: $1.05 Phil Russo Date: 13/10/2016 Target Price: $1.10 NAVPS: $1.15 Source: Capital IQ. As of January 5, Dates expressed as dd/mm/yyyy 12