2015 Annual General and Special Meeting of Shareholders May 6, 2015
2014 At a Glance In 2014, we built a stronger Primero and set the foundation for a period of solid cash flow in 2015 and beyond. 57% 37% PRODUCTION REVENUE Increase over 2013 Increase over 2013 74 million 687 OPERATING…
2014 Achievements and 2015 Objectives 2014 Accomplishments 2015 Objectives Reduced All Injury Frequency Rate by Zero fatalities and reduce All Injury 36% Frequency Rate by 15% Met guidance and increased production Increase…
Financial Results (US thousands, Q4 Q4 2014 2013 except per share amounts) 2014 2013 Revenue (US millions) Revenues 274,612 200,326 71,171 47,737 +37% 275 Earnings from Mine 52,663 76,004 18,537 13,745 Operations Net income (loss)…
Increased Production by 57% in 2014 Q4 Q4 Operating Results 2014 2013 2014 2013 Production (AuEq koz) Gold equivalent 4 225,054 143,114 62,209 34,371 production +57% (gold equivalent ounces) San Dimas 161,170 143,114 41,875 34,371…
SUFFICIENT LIQUIDITY TO FUND ORGANIC GROWTH Strong Financial Position TSX: P Exchanges STRONG LIQUIDITY NYSE: PPP 133M Balance Sheet (As at December 31, 2014 Pro Forma Convertible Debt Financing) Cash 99 million Line of…
Increased Production by 57% in 2014 Guidance Black Fox San Dimas 2015 Targeted Production 4,9 Growth Profile (AuEq koz) Attributable 300-350 75,000- 175,000- 250,000- Black Fox production4 85,000 185,000 270,000 San Dimas 100 (gold…
Diversified, Stable, Mining Friendly Jurisdictions 30% CANADA 2015E PRODUCTION BY Black Fox Mine REGION TIMMINS, ONTARIO Grey Fox Project 70% TIMMINS, ONTARIO MEXICO Operating in attractive mining jurisdictions with: San…
MEXICO Platform Asset with Exploration Pipeline Production Details LOCATION Sinaloa-Durango, Mexico San Dimas 2015E OWNERSHIP 100% (silver stream4) METALS Gold & Silver 180,000 AuEq oz 4 MINING Underground 865 per oz 2,8…
CANADA Multi-Million Ounce Gold District Production Details LOCATION Timmins, Ontario Black Fox 2015E OWNERSHIP 100% (8% gold stream4) METALS Gold 80,000 Au oz 4 MINING Open pit & Underground 1,100 per oz 2,8 CAPACITY 2,200…
PRIMERO Focus on Responsible Mining HEALTH AND SAFETY We understand that our most important assets are our people and their safety is our number one priority We maintain world-class health and safety policies In 2014 Black Fox won the…
DELIVERING SUPERIOR RETURNS Positioned to Outperform Producing in Americas Top Mining Jurisdictions 250 270 koz MEXICO & CANADA4,10 Disciplined Cost Management 650 700 /oz TOTAL CASH COST2,8 Strong Financial Position 133…
APPENDICES
SAN DIMAS Mineral Reserves and Mineral Resources (As at December 31, 2014) Contained Contained Tonnage Gold Grade Silver Grade Classification Gold Silver (Mt) (g/t) (g/t) (koz) (koz) Mineral Reserves Proven & Probable 4.470 5.7 352…
BLACK FOX Mineral Reserves and Mineral Resources (As at December 31, 2014) Contained Tonnage Gold Grade Classification Gold (Mt) (g/t) (koz) Mineral Reserves Proven & Probable 3.022 4.0 393 Mineral Resources Measured & Indicated…
GREY FOX Mineral Resources (As at December 31, 2014) Capped Contained Cut-off Grade Potential Tonnage Classification Gold Grade Gold (g/t) Material (Mt) (g/t) (koz) Indicated Resources 0.9 Open Pit 2.966 3.6 345 3.0 Underground…
Executive Management Joseph Conway Chief Executive Officer Ernest Mast President & COO 30 Years of experience 25 Years of experience Appointed President and CEO in June 2010 Appointed President & COO in Feb. 2015 Former CEO, President…
Board of Directors Wade Nesmith Chairman Eduardo Luna Director 1 Founder of Primero Former EVP & President, Mexico. Former Chairman Founding and current director of Silver Wheaton and CEO of Silver Wheaton, Executive VP of Goldcorp…
Footnotes 1. Operating cash flow is operating cash flow before working capital changes. This and operating cash flows before working capital changes per share (CFPS) are non-GAAP measures which the Company believes provides a better…
PRIMERO MINING CORP. 79 Wellington St. West, Suite 2100 Toronto, ON M5K 1H1 T 416 814 3160 TF 877 619 3160 www.primeromining.com 2015 Annual General and Tamara Brown Special Meeting of Shareholders Vice President, Investor Relations May…