Metals and Minerals Investment Conference May 12th 13th 2014
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…
Our Strategic Focus TARGETED GROWTH PROFILE 2,7,11 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…
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…
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)…
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)…
SAN DIMAS A Flagship Asset Location Durango-Sinaloa State Border Ownership 100% One of Mexicos Most Metals Gold & Silver (Silver subject to Purchase Agreement9) Significant Precious Mining Underground cut and fill and long-hole Metals…
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…
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…
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…
BLACK FOX Prospective, Mining Friendly Jurisdiction Destor-Porcupine Fault has produced around 200Moz gold TSX:P I NYSE:PPP I 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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Appendices
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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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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