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BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP.

PRIMERO MINING CORP. · May 12, 2014 · 36 slides

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Slides

  1. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 1
    Bank of Merrill Lynch 2014 Global Metals, Mining & Steel Conference May 12th 15th 2014
  2. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 2
    Investment Opportunity o Mid-tier gold producer Black Fox Grey Fox o Portfolio of long-life, high-grade assets Head Office (Toronto) o Located in safe mining jurisdictions San Dimas Cerro del Gallo Producing Mine Ventanas o…
  3. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 3
    Our Strategic Focus TARGETED GROWTH PROFILE 2,3 1. Provide for sufficient financial liquidity 380-400 2. Ensure measured growth Cerro del Gallo 95 Black Fox 3. Disciplined cost management 280-290 (Thousand Gold Equivalent…
  4. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 4
    Balance Sheet & Liquidity March 31, 2014 May 8, 2014 86M STRONG Cash Balance 113M LIQUIDITY Current Est. Cash 38M (86M as of March 31, 2014, less 21 Brigus notes repaid April 4, 2014, less Goldcorp note 27 assumed repaid…
  5. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 5
    Strong Outlook for 2014 Black Fox San Dimas Outlook 2014 Gold equivalent production6 70,000-80,000 155,000-165,000 225,000-245,000 (gold equivalent ounces) Gold production 70,000-80,000 115,000-125,000 185,000-205,000 (ounces)…
  6. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 6
    Asset Overview: Low-Risk Mining Jurisdictions Builds on Established Presence in Mexico San Dimas Mine (AT DECEMBER 31, 2013, MINERAL RESOURCES INCLUDE MINERAL RESERVES) Au Reserves (Moz) 0.87 Black Fox Mine Au M&I Resources (Moz)…
  7. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 7
    SAN DIMAS A Flagship Asset Location Durango-Sinaloa State Border Ownership 100% One of Mexicos Most Metals Gold & Silver (Silver subject to Purchase Agreement7) Significant Precious Mining Underground cut and fill and long-hole Metals…
  8. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 8
    SAN DIMAS Proven History of Production San Dimas Historical Production (AuEq ounces) 250,000 Gold (oz) 9.00 Sinaloa Graben Discovery Gold Equivalent (AuEqoz) Subsequent Acquisition of San Dimas by Primero Gold Grade (g/t) RH 8.00…
  9. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 9
    SAN DIMAS Potential Phase 2 Expansion San Dimas Tonnes Per Day 3,000 tpd Target Phase 2 Mill Mine 3,000 Expansion to Optimized to 3,000 tpd 3,000 tpd Phase 2 Mill Target Mine Expansion Production of Scoping Study 2,750 tpd…
  10. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 10
    SAN DIMAS Proven Exploration Success o Victoria Vein Gold Reserves increased to 195,000 oz at 11.5 g/t o 2014 15.7 million exploration program o 22,500 hectare package o 80,000 metres of drilling: 35,000 metres delineation…
  11. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 11
    BLACK FOX Prospective, Mining Friendly Jurisdiction Destor-Porcupine Fault has produced around 200Moz gold TSX:P I NYSE:PPP I 12
  12. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 12
    BLACK FOX Another Opportunity to Unlock Value Location Timmins, Ontario Ownership 100% (8% gold stream at 504/oz10) Metals Gold Mining Open pit & underground Capacity 2,200 TPD Mine Life Open Pit: 3 years, U/G: 7 years Mineral…
  13. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 13
    BLACK FOX Open for Expansion at Depth RESERVE/ SHAFT/ RESERVE RESOURCE MINE RESOURCE RAMP DEPTH GRADE (g/t GRADE (g/t DEPTH (m) (m) Au) Au) Holloway Mine 900 864 4.5 4.3 Doyon 1,040 1,040 n.a. 4.4 Holt Mine 1,200 1,075 4.7…
  14. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 14
    BLACK FOX Short Term Focus o Total 2014 budget of 48 million for 10 months Black Fox Throughput Target (TPD) 2,500 o Increase underground throughput: Open Pit Increase delineation and definition drilling 2,000 Open Pit Increase…
  15. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 15
    BLACK FOX Open for Expansion Laterally & at Depth 12.88gpt / 11.3m Level 500ml Exploration Drift, total of 800m 3.40gpt / 15.4m length in 2014/15 Incl. 7.68gpt / 3.4m 29th April, 2013 News Release 15.02gpt / 3.3m…
  16. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 16
    GREY FOX Promising Exploration Project CERRO DEL GALLO Location INCREASES 4 km from PRIMEROSPRODUCTION Black Fox - Timmins, ON BY 60%12 Ownership 100% (No gold stream) Metals Gold Mining Open pit potential & Underground Exploration 3…
  17. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 17
    GREY FOX High Grade Gold Drilling Results o Since acquiring the Black Fox Complex Primero has drilled 34 holes or 9,469 metres o Raised Cdn9 million in a flow-through financing for Grey Fox and Pike River drilling Core Gold Metal…
  18. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 18
    CERRO DEL GALLO Potential Near Term Production CERRO DEL GALLO INCREASES PRIMEROSPRODUCTION BY 60%12 Location Guanajuato State Ownership 100% Metals Gold, silver & copper Mining Open pit, heap leach, and/or conventional mill Excellent…
  19. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 19
    CERRO DEL GALLO Exploration and Development Upside o High grade vein intersected in first exploration activity since 2008 (Carmen-Providencia vein) o 10,000 metre drill program for infill, condemnation and exploration drilling in…
  20. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 20
    Catalysts & News Flow Q1 2014 San Dimas expansion to Q3 2014 San Dimas 3,000 TPD Q4 2014 Black Fox Underground 2,500 TPD completed Decision at 1,000 TPD Expansion increases annual Potential expansion Replacing lower-grade…
  21. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 21
    Investment Opportunity o Mid-tier gold producer 100-180% 2,3,11 o Portfolio of long-life, high-grade assets GROWTH planned by 2016 YE o Located in safe mining jurisdictions o Strong cash flow and balance sheet o Track record of…
  22. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 22
    Appendices
  23. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 23
    San Dimas Operating Results Q1 2014 Q1 2013 FY 2013 FY 2012 Production (AuEq ounces) 13 Mill Throughput 2,422 2,042 2,101 1,976 (tonnes per day) 160,000 2 +29% Gold equivalent production 35,662 27,656 143,114 111,132 140,000…
  24. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 24
    Financial Results (US thousands, except per Revenues share amounts) Q1 2014 Q1 2013 FY 2013 FY 2012 (millions) Revenues 48,269 46,321 200,326 182,939 +10% 200 Earnings from Mine 8,265 15,706 76,004 79,389 Operations 180 Net…
  25. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 25
    SAN DIMAS Positive Leverage to Silver Recent Tax Ruling Created Positive Leverage to Silver Primero sells 50% of annual silver production above 3.5 million ounces at spot o Remainder sold at 4 per ounce under silver purchase…
  26. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 26
    SAN DIMAS District Wide Exploration Potential West Block 2014 EXPLORATION Sinaloa Graben Central Block Tayoltita Block Arana San Antonio Mined 1987-2002 Mined 2012-Current Mined 2002-Current Mined 1975-Current Hanging Wall SW NE…
  27. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 27
    CERRO DEL GALLO Cerro Del Gallo Development Plan 2013 2014 2015 2016 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Basic Engineering Permitting/Land Acquisition Site Survey Leach Pad Design & Earth Works Infill Drilling and MET Tests…
  28. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 28
    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…
  29. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 29
    CERRO DEL GALLO Reserves and In-Pit Resources1 Total Resources Within the Gold Domain2 M Tonnes Au Au Ag Ag Cu Cu Au Eq AuEq Category (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…
  30. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 30
    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…
  31. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 31
    GREY FOX Mineral Resources JULY 3, 2013 TONNES CUT-OFF GRADE CONTAINED GOLD CLASSIFICATION (g/t Au) POTENTIAL MATERIAL (MILLION CAPPED Au (g/t) (000 OUNCES) TONNES) Indicated Resources 2.84 Underground 1.3 6.2 255,000 0.72…
  32. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 32
    Executive Management H. Maura Lendon VP, Chief General Counsel and Corporate Secretary Joseph F. Conway President & C.E.O. 1 o Former Senior Vice President, Chief Legal Officer o Former CEO, President and Director of IAMGOLD and…
  33. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 33
    Board of Directors Wade Nesmith Chairman Rohan Hazelton Director 1,5 Robert Quartermain Director 2,3 o Founder of Primero o VP, Strategy, Goldcorp o Founder and President & CEO, o Founding and current director o Formerly with Wheaton…
  34. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 34
    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…
  35. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 35
    Footnotes 1. Refer to slides 29, 30, 31, 32 of this presentation. 2. Gold equivalent ounces include silver and copper production converted to a gold equivalent based on consensus estimated commodity prices; accounts for the San Dimas…
  36. BANK OF MERRILL LYNCH 2014 GLOBAL METALS MINING & STEEL CONFERENCE – PRIMERO MINING CORP. – slide 36
    PRIMERO MINING CORP. Tamara Brown 20 Queen Street West, Suite 2301 Vice President, Investor Relations Toronto, ON M5H 3R3 T 416 814 3168 T 416 814 3160 F 416 814 3170 infoprimeromining.com TF 877 619 3160 Trading Symbols…

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