Professional Documents
Culture Documents
www.yukon-nevadagold.com
February 2012
Cautionary Statement
This presentation contains forward-looking statements within the meaning of applicable Canadian securities regulations and Section 21E of the United States Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact herein including, without limitation, statements regarding potential resources and reserves, exploration results, production rates and future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, (i) estimates and projections of future gold production and cash operating costs, (ii) estimates of savings or cost reductions, (iii) estimates related to financial performance, including cash flow and capital expenditures, (iv) estimates and projections of reserves and resources, (v) estimates and opinions regarding geologic and mineralization interpretation and (vi) estimates of exploration investment and scope of exploration programs. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements, in particular the estimates do not include input cost increases or gold price variations that could occur in future. Important factors that could cause actual results to differ materially from the Companys expectations are disclosed in documents filed from time to time with Canadian regulatory authorities on SEDAR and with the U.S. Securities and Exchange Commission (SEC). Forward-looking statements are based on the estimates and opinions of management on the date the statements are made and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should conditions or managements estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including gold and other commodity price volatility, political and operational risks, which are described in the Companys Annual Information Form dated March 31, 2011 filed on SEDAR (www.sedar.com) as well as the Companys other regulatory filings. Cautionary Notes to U.S. Investors Concerning Reserve and Resource Estimates: Proven and Probable Reserves. The estimates of proven and probable mineral reserves shown in this presentation have been prepared in accordance with National Instrument 43101 of the Canadian Securities Administrators (NI 43-101). The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in Industry Guide 7 of the U.S. Securities and Exchange Commission (SEC). Accordingly, the Companys disclosure of mineral reserves in this Annual Report may not be comparable to information from U.S. companies subject to the SECs reporting and disclosure requirements. Measured and Indicated, and Inferred Resources. This presentation uses the terms measured and indicated resources and inferred resources. The Company advises U.S. investors that while these terms are recognized and required by Canadian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Disclosure of contained ounces is permitted under Canadian regulations; however, the SEC normally only permits the reporting of non-reserve mineralization as in-place tonnage and grade. Inferred resources have a great amount of uncertainty as to their existence. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or prefeasibility studies, except in rare cases. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally mineable. Todd Johnson (M.S.), VP Exploration with Yukon-Nevada Gold Corp. and a qualified person as defined by NI 43-101, has reviewed and verified the technical information contained in this article as applicable. Much of the Technical information contained herein is taken from the two most recent NI 43-101 Technical Reports for the Jerritt Canyon Property (June 28, 2011, as amended on January 6, 2012) and the Ketza River Project (June 28, 2011) which may be uploaded from the Yukon-Nevada Gold Corp. Company Profile link at http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098 CURRENCY: All monetary amounts refer to United States dollars unless otherwise specified.
www.yukon-nevadagold.com
YNG Properties
Nevada Jerritt Canyon - historical production of approximately 8 million oz gold (OP & UG) since 1981
100% owned. Permitted and Producing. Current Reserve & Resource includes: 270,900 oz Proven, 446,000 oz Probable, 1.073M oz Measured & 1.316M oz Indicated. Mill engineered capacity of 6,000 tpd of which 4,320 tpd is currently permitted.
Ketza River - historical production of 98,000 oz of gold and by-product silver between 1988 1990
100% owned. Current Resource includes: 29,000 oz Measured and 388,700 oz Indicated. Site infrastructure well developed. Permitting in progress for mine/mill re-start.
www.yukon-nevadagold.com 3
One of only 3 roasters in Nevada and surrounding region. The other two roasters are owned by Newmont and Barrick and both are running at full capacity.
Industry leading emissions technology environmentally fully compliant with Consent Decree virtually completed.
Roasting is currently the only economic method for processing refractory sulfide ore which is prolific in the region.
Permitting of new roaster capacity in Nevada and region is extremely difficult and time consuming due to environmental concerns. No new roasters have been permitted in the past 12 years and none are currently proposed or in feasibility stage.
www.yukon-nevadagold.com
Murray Mine UG
Marlboro Canyon OP
15 miles
Property size: 308 sq km or 119 sq mi *Based on historical records from predecessor companys records.
www.yukon-nevadagold.com
5,260,401 1,400,045 6,927,535 1,298,308 3,609,688 1,729,185 2,215,164 1,112,208 1,580,225 1,503,749 1,120,101 812,565 372,218 432,999 351,080 616,647 420,789 412,328 235,461 218,682 162,621 156,317 108,270 66,341 63,004 41,896
27,027,120 5,200,709
* Does not include recovery losses from the plant. Statistics include up to year-end 2010 mining and are based on historical records from predecessor companys records. Based on reserve mine plan, as per June 28, 2011, as amended on January 6, 2012, NI 43-101 Technical Report Update YukonNevada Gold Corp., Jerritt Canyon Property, Nevada, Elko County, USA.
www.yukon-nevadagold.com
www.yukon-nevadagold.com
www.yukon-nevadagold.com
Installing the conveyor from bucket elevator to tertiary crusher bin, January 2012.
www.yukon-nevadagold.com
www.yukon-nevadagold.com
10
www.yukon-nevadagold.com
11
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Ozs. Au (000s)
$1,000
$1,445
2003
2004
2005
2006
2007
2011
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
(1) Based on reserve mine plan, as per June 28, 2011, as amended on January 6, 2012, NI 43-101 Technical Report Update Yukon-Nevada Gold Corp., Jerritt Canyon Property, Nevada, Elko County, USA.
www.yukon-nevadagold.com
$785
12
www.yukon-nevadagold.com
www.yukon-nevadagold.com
15
www.yukon-nevadagold.com
16
Updated Production Ramp-up Sources graph pending new NI 43-101 update, due late April 2012.
www.yukon-nevadagold.com
17
Consider bringing underground mining operations at Smith mine in-house currently $140/ton potentially declining to $85/ton.
Consider open pit mining when new NI 43-101 mine plan completed late April 2012. Consider 3rd party toll milling agreement to offset cash costs.
(1) Based on reserve mine plan, as per June 28, 2011, as amended on January 6, 2012, NI 43-101 Technical Report Update Yukon-Nevada Gold Corp., Jerritt Canyon Property, Nevada, Elko County, USA.
www.yukon-nevadagold.com
18
www.yukon-nevadagold.com
19
Exceptional recent drill results including Mahala Basin validate belief that new resources will be found nearby existing mines.
Recent 2011 underground exploration intercepts 29.6 m averaging 19.61 g/t Au, and 52.3 m Grading 6.17 g/t. Currently evaluating potential open-pit reserve additions within the existing pits. Good exploration opportunities at depths below 180m.
Mahala Basin underground targets
www.yukon-nevadagold.com
20
www.yukon-nevadagold.com
21
Jerritt Canyon Mineral Resources (includes stockpiles): January 1, 2011 MEASURED Tons (Ktons) 4,549.9 Tonnes (Ktonnes) 4,127.6 Grade (oz/st) 0.236 Grade (g/t) 8.09 Gold (K oz) 1,073.1 Gold (K oz) 1,073.1 Tons (Ktons) 6,459.5 Tonnes (Ktonnes) 5,860.0 INDICATED Grade (oz/st) 0.204 Grade (g/t) 6.99 Gold (K oz) 1,316.8 Gold (K oz) 1,316.8 MEASURED & INDICATED Tons (Ktons) 11,009.4 Tonnes (Ktonnes) 9,987.6 Grade (oz/st) 0.217 Grade (g/t) 7.44 Gold (K oz) 2,389.9 Gold (K oz) 2,389.9 Tons (Ktons) 3,872.6 Tonnes (Ktonnes) 3,513.2 INFERRED Grade (oz/st) 0.194 Grade (g/t) 6.65 Gold (K oz) 751.3 Gold (K oz) 751.3
The January 1, 2011 reserve estimate was calculated using a gold price of US$1,100 per troy oz, reflecting a three year trailing average gold price. The January 1, 2011 resources and reserves were calculated by Mark Odell (P.E.) a consulting Mine Engineer, and Karl Swanson (MAusIMM, SME), Mining Engineer Consultant, under the supervision of Todd Johnson (P.E.), Vice President of Exploration for Yukon-Nevada Gold Corp. These persons are all qualified persons as defined by National Instrument (NI) 43-101.
This resource estimate has been reviewed and approved by Todd Johnson of YNG who is the qualified person.
Yukon-Nevada Gold Corp. prepared a NI 43-101 Technical Report dated June 28, 2011, as amended on January 6, 2012 which includes these results which can be found on our website here: http://www.yukon-nevadagold.com/s/JerrittCanyon.asp?ReportID=195388.
www.yukon-nevadagold.com
23
Near Ross River, Yukon Territory 340-tpd CIL mill, a camp and related facilities Combination of underground mining & open pit mining
*Yukon-Nevada Gold Corp. prepared a NI 43-101 Technical Report dated June 28, 2011 which includes these results which can be found on our website here: http://www.yukon-nevadagold.com/s/KetzaManto.asp?ReportID=290899
Historical Production
Au Production
60 $433 Au Production (koz) 40 $395 $414 $400
Status
Cash Cost
$600
20
$200
17
39
37
$0
www.yukon-nevadagold.com
24
Management Team
Robert Baldock Randy Reichert Shaun Heinrichs Chief Executive Officer Board Director Chief Operating Officer Chief Financial Officer 31 years mining industry experience, CEO Golconda Minerals, Nevada Goldfields Corp. 24 years mining industry experience, Oriel Resources, Bema Gold and Teck Corp. 14 years accounting experience, beginning with Ernst & Youngs Vancouver mining and materials team 27 years mining industry experience. Constructed 18 fixed-price turn-key milling facilities during career
Graham Dickson
Guy Simpson
21 years of gold mining experience including 4 years with Resolute Mining Limited which has a large roaster facility at the Syama Gold Mine
21 years mining industry experience, Noranda, Battle Mountain Gold
Todd Johnson
VP Exploration
John Barta
Environmental Manager
www.yukon-nevadagold.com
25
Capital Structure
Share Structure (as of November 4, 2011)
Shares Outstanding
Warrants Total Options Total
930,644,301
90,424,092
Average exercise price of $1.03
59,664,514
Average exercise price of $0.38
1,080,732,907
Major Shareholders
Orifer
Sprott Asset Management Deutsche Bank
27.5%
13.0% 11.2%
TSX: YNG
www.yukon-nevadagold.com
26
www.yukon-nevadagold.com
27
www.yukon-nevadagold.com
28
www.yukon-nevadagold.com
29
100% owned purchased in 2007 Elko County, Nevada, U.S. 6,000 tpd; CIL plant with roasting circuit Underground, drift and fill In production ~150 kozs Au $785/oz Underground: 3.6 yrs
Current Reserve & Resource includes: 270,900 oz Proven, 446,000 oz Probable, 1.073M oz Measured & 1.316M oz Indicated Mine plan based on 717 koz reserve, or 28% of the M&I resource. Assumes 3,300 tpd of throughput vs. 6,000 tpd capacity. August 2011 closed $120M Deutsche Bank Gold Facility to complete capex program.
1) Based on reserve mine plan, as per June 28, 2011, as amended on January 6, 2012, NI 43-101 Technical Report Update Yukon-Nevada Gold Corp., Jerritt Canyon Property, Nevada, Elko County, USA. Qualified Persons: Todd W. Johnson, P.E, Karl Swanson, Mining Consultant, SME, MAusIMM and Mark Odell, Mine Engineer Consultant, P.E.
www.yukon-nevadagold.com
30
31
Core Library
www.yukon-nevadagold.com
32
Peel UG
www.yukon-nevadagold.com
33
Silver 100% interest in 143 claims total with additional 6 under option
Gold, silver and copper 100% interest in 46 claims Aug 2005 entered into an option agreement with Yukon Zinc Corp which allows them to acquire a 25% interest in the property by making cash payments to YNG of C$40,000 over a five year period and incurring C$150,000 of exploration expenditures over that period Upon exercise of the first option, Yukon Zinc will have an additional option to acquire an additional 26% interest in the property by paying YNG C$25,000 in cash or shares upon giving notice and undertaking an additional C$500,000 of exploration expenditures over two years This asset has a nominal carrying value Silver 36 claims staked in 2006 This asset has a nominal carrying value Gold YNG owns a 75% interest in 31 claims (which are subject to a 2% net smelter returns royalty) Remaining 25% owned by Intrepid Minerals Corporation
Money Property
(Yukon)
Bay Property
(Yukon)
www.yukon-nevadagold.com
34
Board of Directors
John Greenslade, M.Eng., P.Eng., LLB Chairman and Director Gerald Ruth Director
www.yukon-nevadagold.com
35
Contact Information
Yukon-Nevada Gold Corp. Suite 900 688 West Hastings St. Richard Moritz Senior Director,
www.yukon-nevadagold.com
36