Vancouver Resource Investment Conference 2015 January 18-19, 2015
Investment Highlights Producing in Americas Top Mining Jurisdictions 220 koz 240 koz CANADA & MEXICO1 Established Growth Profile from Assets in Production 145 % GROWTH IN 3 YEARS2 Experienced Board and Management +200 years…
Producing in Americas Top Mining Jurisdictions LOW RISK PROFILE o Operating in two of the most attractive mining jurisdictions* globally with: 1* Canada Long mining history Black Fox Mine Government stability Established permitting…
2 Established Growth Profile FUTURE GROWTH 1,4 Targeted Production Growth Profile (AuEq koz) o Organic growth from assets in production Cerro del Gallo o Disciplined approach to cost management 340-360 Black Fox San Dimas 50 o…
Experienced Board and Management MANAGEMENT 200+ Years of Joseph Conway President & CEO 30 Years of Experience Wendy Kaufman CFO 20 Years of Experience Combined Industry Appointed CEO in June 2010 Appointed CFO in September 2014…
Financial Position September 30, 2014 TSX:P Exchanges 67M NYSE:PPP Balance Sheet (September 30, 2014) Cash 22 million STRONG Liquidity Line of Credit6 45 million 78M 3 Total Liquidity 67 million Convertible Debenture 48…
Track Record of Delivering on Stakeholder Commitments Peer Shareholder Returns* SHAREHOLDERS Superior Value Creation 60% 3-Year 40% 2-Year 1-Year 20% SAFETY 0% Lowering All Injury Frequency Rate -20% -40% ENVIRONMENT 3 Year…
ASSET OVERVIEW Growth Pipeline of Currently Producing Mines and Advanced Projects EXPLORATION DEVELOPMENT Grey Fox EXPANSION Cerro del OPTIMIZATION San Dimas Gallo PRODUCTION Black Fox 3,000 TPD San Dimas Platform TSX P I…
SAN DIMAS A Flagship Asset o Expansion to 2,500 TPD completed Q1 2014 o On track to meet 2014 guidance o Expansion to 3,000 TPD announced o Trialing 7 day, 12-hour shifts to optimize mine throughput o Tunnels connecting Central Block…
SAN DIMAS Expansion to 3,000 TPD Construction Mill expansion to 3,000 TPD will begin Q1 2015 and is expected to be completed by Q2 2016 Capital Cost Currently estimated at 26.4 million, including a 30% contingency After-tax IRR9 is…
SAN DIMAS Significant Exploration Upside with Low Finding Costs o 2014: 15.7 million, 80,000 metres of drilling Low Finding Cost Per Ounce P&P Reserves Discoverd (Koz Au) o Victoria vein Gold Reserves increased to 195,000 oz at 11.5 g/t…
BLACK FOX Established Jurisdiction with Proven Depth Potential Over 200 Million Ounces of Historical Production Note: Based on public data, average depth of listed mines is 1,633 metres. TSX P I NYSE PPP I 14
BLACK FOX Turnaround Opportunity to Create Value o 2014 total budget of 53 million o Positive exploration drilling results to date o Short term focus on underground development, definition and delineation drilling to increase…
BLACK FOX Focused on Reserve & Resource Development Lateral & Depth Expansion 645-34-W 645-01-W 645-01-W 40.7 gpt/26.8m Incl. 103.2gpt/8.3m 645-34-W 18.1 gpt/37.8m Incl. 39.4gpt/10.3m TSX P I NYSE PPP I 16
GREY FOX Promising Exploration Project o 2014: Grey Fox 10.0 million program, 76,400 metres of definition and delineation drilling 45,000 metres of exploration drilled to date Complete Phase 3 metallurgical study Explore between…
Catalysts and News Flow Q3 2014 Q4 2014 Q1 2015 San Dimas 3,000 TPD San Dimas Reserve and Resource Decision Exploration Update Update Expansion decision Extended top Including 226,000 announced producing veins metres of 2014…
Investment Highlights Producing in Americas Top Mining Jurisdictions 220 koz 240 koz CANADA & MEXICO1 Established Growth Profile from Assets in Production 145 % GROWTH IN 3 YEARS2 Experienced Board and Management +200 years…
APPENDICES
Third Quarter 2014 Combined Operating Results Q3 2014 Q3 2013 Production (AuEq ounces) 70,000 1 Gold equivalent production 59,673 41,998 (gold equivalent ounces) +42% 60,000 Gold production 51,464 31,791 (ounces) 50,000 1…
Third Quarter 2014 Financial Results (US thousands, except per share Revenues amounts) Q3 2014 Q3 2013 (millions) 80 +40% Revenues 75,503 53,793 70 Earnings from Mine Operations 6,184 22,960 60 Net income (loss) (105,904)…
SAN DIMAS BLACK FOX Silver Purchase Agreement Gold Streaming Agreement Primero sells 50% of annual silver production Primero sells 8% of annual gold production at above 6.0 million ounces at spot Black Fox at 509 per ounce o Remainder…
SAN DIMAS District-Wide Exploration Potential WEST BLOCK 2014 Exploration SINALOA SAN ANTONIO GRABEN CENTRAL BLOCK TAYOLTITA BLOCK ARANA Mined 1987-2002 Mined 2012-Current Mined 2002-Current Mined 1975-Current HANGING WALL SW…
Focus on Responsible Mining HEALTH AND SAFETY o We understand that our most important assets are our people and their safety is our number one priority o We maintain world-class health and safety policies ENVIRONMENT o San Dimas is…
Stock Performance & Significant Events 80% Primero Added 30 P-T Volume to S&P/TSX Primero Composite Index Announces San 60% Dimas Expansion Plan Phase 1 Primero 40% Announces Brigus Gold Primero Acquisition Announce 20 20%…
SAN DIMAS Mineral Resources and Mineral Reserves (December 31, 2013, Mineral Resources include Mineral Reserves) Tonnage Silver Grade Contained Gold Contained Silver Classification Gold Grade (G/T) (Million Tonnes) (G/ T) (000…
BLACK FOX Mineral Resources and Mineral Reserves (December 31, 2013, Mineral Resources include Mineral Reserves) Tonnage Gold Grade Cont. Gold Classification (Tonnes) (G/T) (Ounces) Proven & Probable Reserves Open Pit 1,468,500…
GREY FOX Mineral Resources December 31, 2013 Cut-off Tonnes CAPPED Au Contained Gold Classification Grade Potential Material (Million (G/T) (000 Ounces) (G/T Au) Tonnes) Indicated Resources 3.0 Underground 1.394 5.4 243,041 0.9…
CERRO DEL GALLO Reserves and In-Pit Resources1 Total Resources Within the Gold Domain2 Au Au Ag Ag Cu Cu Au Eq AuEq Category M Tonnes (g/t) (M ozs) (g/t) (M ozs) (%) (M lbs) (g/t) (M oz) Measured 129 0.54 2.24 12.0 49.8 0.09 256.0…
Executive Management Joseph Conway President & CEO Wendy Kaufman Chief Financial Officer 30 Years of experience 20 Years of experience Appointed President and CEO in June 2010 Appointed CFO in September 2014 Former CEO, President &…
Board of Directors Wade Nesmith Chairman Eduardo Luna Director 1 o Founder of Primero o Former EVP & President, Mexico. Former o Founding and current director of Silver Wheaton Chairman and CEO of Silver Wheaton, Executive VP of…
Notes to Investors Regarding the Use of Resources This presentation has been prepared in accordance with the requirements of Canadian provincial securities laws which differ from the requirements of U.S. securities laws. Unless otherwise…
Notes TSX P I NYSE PPP I 35
PRIMERO MINING CORP. 79 Wellington St. West, Suite 2100 Toronto, ON M5K 1H1 T 416 814 3160 TF 877 619 3160 www.primeromining.com Tamara Brown Vice President, Investor Relations T 416 814 3168 infoprimeromining.com Vancouver Resource…