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TSX – NYSE MKT: RIC
Third Quarter 2015 Financial ResultsNovember 5, 2015
www.richmont-mines.com 2
FORWARD LOOKING STATEMENTS
Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning Resource Estimates
This presentation contains forward-looking statements that include risks and uncertainties. The factors that couldcause actual results to differ materially from those indicated in such forward-looking statements include changes in theprevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in miningoperations that could affect revenue and production costs. Other factors such as uncertainties regarding governmentregulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.’speriodic reports and annual notice.
The resource estimates in this presentation were prepared in accordance with NI 43-101 adopted by the CanadianSecurities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United StatesSecurities and Exchange Commission (the “SEC”). In this presentation, we use the terms “Measured”, “Indicated” and“Inferred” Resources. Although these terms are recognized and required to be used in Canada, the SEC does notrecognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineraldeposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserveunless the determination has been made that the mineralization could be economically and legally extracted at the timethe determination is made. United States investors should not assume that all or any portion of a Measured orIndicated Resource will ever be converted into “Reserves”. Furthermore, “Inferred Resources” have a great amount ofuncertainty as to their existence and whether they can be mined economically or legally, and United States investorsshould not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever beupgraded to a more certain category.
U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which maybe obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml.
(All amounts are in Canadian dollars, unless otherwise indicated.)
www.richmont-mines.com 3
ANOTHER SOLID PERFORMANCE FOR Q3
• Richmont delivers another solid quarter
• Production on track for high end of guidance; AISC mid-range of guidance
• Strong cash balance of $76.5M
• Released PEA on Island Gold• Potential to accelerate production and
lower AISC
• Expansion opportunity to 1,150tpd
• Announced 23,000m deep directional drilling program at Island Gold
• Update on 17,000m surface drilling program at Island Gold
• Mine life extension at Beaufor Q Zone
Q3 2015
9-months2015
2015 Guidance
Gold produced (oz) 23,478 75,651 87,000-95,000
Gold sold (oz) 22,962 75,319
Cash cost per ounce (CAN$)(1) $926 $961 $935-$1,035
AISC (CAN$)(1) $1,311 $1,290 $1,335-$1,490
Cash cost per ounce (US$)(1) $707 $763 $750-$825
AISC (US$)(1) 1,001 1,024 $1,075-$1,190
(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A.
Q3 Highlights
-
200
400
600
800
1,000
1,200
-
20,000
40,000
60,000
80,000
100,000
120,000
FY-15 FY-16 FY-17 FY-18
Cas
h co
sts
per o
z. (C
AD$)
Gol
d Pr
oduc
tion
(oz)
Source: ThomsonOne consensus data
Production (oz) Cash Costs (CAD$/oz)
Growing Production and Decreasing Cash Costs
FINANCIAL HIGHLIGHTS
www.richmont-mines.com 5
FINANCIAL RESULTS HIGHLIGHTS
Solid Financial Results
Strong cash position of $76.5M as of Sept. 30, 2015 supports fully funded strategic growth plan
(in thousands, except per share amounts)Quarter EndedSept. 30, 2015
Quarter EndedSept. 30, 2014
Nine Months EndedSept. 30, 2015
Nine Months EndedSept. 30, 2014
Revenue from mining operations 34,107 34,215 111,869 102,634
Net earnings per share, basic 0.06 0.09 0.19 0.16
Operating cash flow, per share 0.20 0.18 0.63 0.54
Adj. Operating cash flow, per share(1) 0.20 0.23 0.56 0.67
Free cash flow, per share(2) (0.02) 0.05 0.11 0.17
(1) Before changes in non-cash working capital (2) Refer to the Non-GAAP performance measures contained in the Q3 MD&A.
www.richmont-mines.com 6
CONSOLIDATED OPERATIONAL RESULTS HIGHLIGHTS
Production Growth and Declining CostsQuarter EndedSept. 30, 2015
Quarter EndedSept. 30, 2014
Nine Months EndedSept. 30, 2015
Nine Months EndedSept. 30, 2014
Gold produced (oz) 23,478 24,300 75,651 72,808
Gold sold (oz) 22,962 24,635 75,319 72,837
Cash cost per ounce (CAN$)(1) 926 876 961 948
AISC (CAN$)(1) 1,311 1,074 1,290 1,157
Realized gold price (CAN$) 1,482 1,386 1,482 1,406
Cash cost per ounce (US$)(1) 707 804 763 866
AISC (US$)(1) 1,001 986 1,024 1,057
Realized gold price (US$) 1,132 1,273 1,176 1,285
(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A.
OPERATIONS OVERVIEW
www.richmont-mines.com 8
Growing Production andDecreasing Costs
Mining and Milling Ramp-up
ISLAND GOLD: ON TRACK FOR RECORD 2015
0
500
1,000
1,500
2,000
2,500
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Q4 14 Q1 15 Q2 15 Q3 15
Can
adia
n $
per o
unce
Oun
ces
Prod
uced
Gold Production Cash Costs AISC
0.001.002.003.004.005.006.007.008.009.00
0100200300400500600700800900
Q4 14 Q1 15 Q2 15 Q3 15
g/t
Tonn
es p
er d
ay
Underground tpd Mill tpd Head grade (g/t)
Island GoldQ3
20159-months
20152015
Guidance
Gold produced (oz) 15,076 40,837 45,000-50,000
Gold sold (oz) 14,233 38,859
Cash cost per ounce (CAN$)(1) $890 $1,036 $935-$1,035
AISC (CAN$)(1) $1,267 $1,416 $1,350-$1,495
Cash cost per ounce (US$)(1) $680 $823 $748-$828
AISC (US$)(1) $968 $1,125 $1,080-$1,196
www.richmont-mines.com 9
Underground Mine Productivity Mill Productivity
ISLAND GOLD: POSITIONING FOR GROWTH
0.01.02.03.04.05.06.07.08.09.010.0
0
100
200
300
400
500
600
700
800
900
Q4 14 Q1 15 Q2 15 Q3 15 PEA BaseCase
Gra
ms
per t
onne
Tonn
es p
er d
ay
Underground tpd Head grade (g/t)
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
0
100
200
300
400
500
600
700
800
900
Q4 14 Q1 15 Q2 15 Q3 15 PEA BaseCase
Rec
over
ies
(%)
Tonn
es p
er D
ay
Mill tpd Recoveries (%)
Island GoldQ3
20159-months
2015
Underground tpd 669 660
Mill tonnes 66,416 181,785
Mill tpd 722 666
Head grade (g/t) 7.27 7.20
Recoveries (%) 97.12 97.01
Sustaining Costs ($000’S) 5,371 14,754
Project and non-sustaining exploration costs ($000’s) 8,234 18,124
www.richmont-mines.com 10
Development Ore vs. Unit Costs
$1,180
$1,534
1000
1100
1200
1300
1400
1500
1600
1700
1800
USD Gold CAD Gold
ISLAND GOLD: OPTIMIZING UNIT COSTS
$44SG&A (20%)
2015 YTD Unit Cost Allocation
$139MINING (62%)
$32MILLING
(14%)
$8ROYALTIES (4%)
Strong Leverage to Canadian Dollar95% of Cash Outflows in CAD$
70% 65% 60% 55% 50% 45% 40% 35% 30% 25% 20% 15% 10% 5%
Q1 2015 (70%)
Q4 2014 (50%)
Q3 2015 $114/tonne
(46%) Q3 2014(43%)
Q2 2015(39%)
PEA (2017-2022)$74/tonne
0
50
100
150
200
250
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Uni
t Min
ing
CAD
$ pe
r Ton
ne
Perc
ent D
evel
opm
ent O
re
Development Ore Unit Mining Costs
www.richmont-mines.com 11
ISLAND GOLD: PEA OVERVIEW• Potential for increased production and lower AISC
0
200
400
600
800
1000
1200
Q4 2014 Q1 2015 Q2 2015 Q3 2015 PermittedCapacity
Permitted Capacity 900tpdBase Case 800tpd
• Phased approach with Phase 1 (800 tpd)
• Mining from a depth of 450 to 860 metres over three long-hole mining horizons
• Excludes resources above the 450 metre level, isolated resource blocks and parallel zones
• Avg. production of approx. 78,000 gold ounces per year from 2017 to 2022 at $552/oz cash costs
• Potential Expansion case to 1,150 tpd in H1 2017
PEA Summary 2017-2022
Tonnes Milled (Mt) 1.7Head Grade (g/t) 8.67Mine life excl. transition period (years) 6Daily mine production (tpd) 801Gold recovery (%) 96.5Production (Koz) 464.6Average annual gold production (Koz) 78Total operating cost ($M) 256Average cash operating cost ($/t) 148Average cash operating cost ($/oz) 552Transition Period Project Capital 2015-16 ($M) 62Sustaining Capital ($M) 40.5
Mill Expansion OpportunityExpanded Case: 1,150tpd
www.richmont-mines.com 12
ISLAND GOLD MINE: PEA BASE CASE (800TPD)
Developing deeper resource to create substantial long-term growth.
www.richmont-mines.com 13
ISLAND GOLD MINE: PEA BASE CASE (800TPD)
www.richmont-mines.com 14
ISLAND GOLD MINE: PLANNED NEAR-MINE EXPLORATION DRILLING
www.richmont-mines.com 15
ISLAND GOLD MINE: 2015 PLANNED REGIONAL EXPLORATION DRILLING
www.richmont-mines.com 16
BEAUFOR MINE: OPERATIONAL HIGHLIGHTS
Beaufor MineQuarter ended
Sept. 30/15Quarter ended
Sept. 30/14Nine-months ended
Sept. 30/15Nine-months ended
Sept. 30/14
Gold produced (oz) 5,714 5,757 20,759 18,325
Gold sold (oz) 5,919 6,323 21,638 18,166
Cash cost per ounce (CAN$)(1) 974 974 974 949
AISC (CAN$)(1) 1,225 987 1,144 1,035
Realized gold price (CAN$) 1,481 1,384 1,476 1,409
Cash cost per ounce (US$)(1) 744 895 773 868
AISC (US$)(1) 936 907 908 947
Realized gold price (US$) 1,131 1,271 1,171 1,288
Underground tpd 338 359 355 321
Mill tonnes 30,437 30,859 97,102 85,326
Head grade (g/t) 5.93 5.98 6.74 6.83
Recoveries (%) 98.55 96.97 98.60 97.86
Sustaining Capital ($000’S) 1,485 84 3,683 1,567
Project and non-sustaining capital ($000’s) 208 558 208 1,126
(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A.
• Development of the Q Zone extends mine life
• Target of reaching the mineralized structure by early 2016
• 28,000m of exploration drilling and 8,000m of definition drilling completed to date
www.richmont-mines.com 17
MONIQUE MINE: OPERATIONAL HIGHLIGHTS
Monique MineQuarter ended
Sept. 30/15Quarter ended
Sept. 30/14Nine-months ended
Sept. 30/15Nine-months ended
Sept. 30/14
Gold produced (oz) 2,688 7,131 14,055 16,351
Gold sold (oz) 2,810 6,843 14,822 16,716
Cash cost per ounce (CAN$)(1) 1,005 753 745 1,042
AISC (CAN$)(1) 1,020 790 762 1,085
Realized gold price (CAN$) 1,471 1,383 1,487 1,396
Cash cost per ounce (US$)(1) 768 692 592 953
AISC (US$)(1) 779 726 605 992
Realized gold price (US$) 1,124 1,270 1,180 1,276
Mill tonnes 52,987 82,775 178,751 197,562
Head grade (g/t) 1.64 2.77 2.53 2.67
Recoveries (%) 96.16 96.66 96.71 96.28(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A.
• Milling of the lower-grade cash-flow accretive stockpiled ore during Q3
• Processing of the lower grade stockpile will be completed by the end of 2015
www.richmont-mines.com 18
Q & A