El futuro de la Exploración Minera en México, tendencias y expectativas.

Transcripción

1 El futuro de la Exploración Minera en México, tendencias y expectativas. Manuel Padilla Director de Exploración, México Special thanks: Glen Jones (SNL Metals & Mining) M. Pineda y G. de la Rocha- (AEM) Mazatlán, Sin. Mayo 22, 2014

2 FORWARD LOOKING STATEMENTS The information in this document has been prepared as at September 20, Certain statements contained in this document constitute forwardlooking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian provincial securities laws. When used in this document, the words anticipate, expect, estimate, forecast, will, planned, and similar expressions are intended to identify forward-looking statements or information. Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions; estimates of future reserves, resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future internal rates of return, mining costs, cash costs, minesite costs and other expenses; estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of reserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events with respect to the Company s mine sites and statements and information regarding the sufficiency of the Company s cash resources. Such statements and information reflect the Company s views as at the date of this document and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements and information. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, and other costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company s stock price; and risks associated with the Company s byproduct metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company s ability to achieve the expectations set forth in the forward-looking statements contained in this document, see the Company s Annual Report on Form 20-F for the year ended December 31, 2012, as well as the Company s other filings with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information. Alain Blackburn, a Qualified Person and the Company s Senior Vice-President, Exploration, reviewed the technical information disclosed herein. For a detailed breakdown of the Company s reserve and resource position see the February 13, 2013 press release on the Company s website. That press release also lists the Qualified Persons for each project. NOTES TO INVESTORS Note Regarding the Use of Non-GAAP Financial Measures This document presents estimates of future total cash cost per ounce and minesite cost per tonne that are not recognized measures under United States generally accepted accounting principles ( US GAAP ). This data may not be comparable to data presented by other gold producers. These future estimates are based upon the total cash costs per ounce and minesite costs per tonne that the Company expects to incur to mine gold at the applicable projects and do not include production costs attributable to accretion expense and other asset retirement costs, which will vary over time as each project is developed and mined. It is therefore not practicable to reconcile these forward-looking non-gaap financial measures to the most comparable GAAP measure. A reconciliation of the Company s total cash cost per ounce and minesite cost per tonne to the most comparable financial measures calculated and presented in accordance with US GAAP for the Company s historical results of operations is set forth in the notes to the financial statements included in the Company s Annual Information Form and Annual Report on Form 20- F, for the year ended December 31, 2012, as well as the Company s other filings with the Canadian Securities Administrators and the SEC. Note Regarding Production Guidance The gold production guidance is based on the Company s mineral reserves but includes contingencies and assumes metal prices and foreign exchange rates that are different from those used in the reserve estimates. These factors and others mean that the gold production guidance presented in this disclosure does not reconcile exactly with the production models used to support these mineral reserves. agnicoeagle.com 2

3 AGENDA Pasado, (25 y 10 años). Mundial, Continental y Local -Datos Cortesía de SNL Metals& Mining Futuro (Expectativas y Retos, 1 a 5 años)

4 EXPLORATION INVESTMENT VS METALS PRICES

5 WORLDWIDE EXPLORATION BY REGIÓN, 2013

6 WORLDWIDE EXPLORATION BUDGETS BY COUNTRY 2013

7 WORLD DRILLING ACTIVITY

8 LATIN AMERICA EXPLORATION BUDGETS BY COUNTRY, 2013

9 LATIN AMERICA EXPLORATION

10 LATIN AMERICA DRILLING ACTIVITY

11 MEXICO EXPLORATION

12 MEXICO EXPLORATION BUDGETS BY COMPANY TYPE (%),

13 MEXICO EXPLORATION

14 TOP COUNTRIES BY PROJECTS

15 MEXICO PROJECT PIPELINE

16 EXPLORACION EN LAS AMERICAS

17 MEXICO DRILLING ACTIVITY

18 LATIN AMERICA SIGNIFICANT EXPLORATION RESULTS FEB 2014

19 MEXICO SIGNIFICANT EXPLORATION RESULTS FEB 2014

20 MEXICO DRILLING ACTIVITY 2013

21 MEXICO DEVELOPMENT PROJECTS

22 MEXICO DEVELOPMENT PROJECTS BY COMMODITY

23 LATIN AMERICA ADDITIONAL GOLD AND SILVER RESOURCES

24 LATIN AMERICA ADDITIONAL BASE METALS RESOURCES

25 MEXICO EXPLORATION FINANCINGS FEB 2014 ($1.3 B)

26 REFORMA FISCAL IMPACTO Análisis de Reformas aplicables a la Exploración Minera Derecho especial sobre minería se determina aplicando la tasa de 7.5% a la diferencia positiva (utilidad) entre ciertos ingresos derivados de la enajenación o venta de la actividad extractiva y ciertos gastos considerados como deducibles en términos de lo establecido en la LISR. Derecho sobre concesiones no productivas las personas que durante dos años continuos dentro de los primeros 11 años de vigencia de una concesión no lleve a cabo obras y trabajos de exploración y explotación, pagaran 50% adicional de la cuota máxima prevista en el artículo 263 de la ley Federal de Derechos. A partir del doceavo año, el derecho incrementara de 50 al 100%. Derecho extraordinario sobre minería al considerar que la actividad minera genera erosión ambiental, se establece que debe pagarse este derecho que se determina aplicando 0.5% a los ingresos derivados de la enajenación del oro, plata y platino. Deducción de gastos preoperativos los gastos de exploración para la localización y cuantificación de nuevos yacimientos efectuados en periodo preoperativo se podrán deducir en un 10% anual, con lo que se elimina la posibilidad de deducirlos en el ejercicio en que se efectúan. 26

27 PROGRAMA DE DESARROLLO MINERO DIARIO OFICIAL Se reconoce la importante creación de puestos de trabajo en el sector minero Se reconoce la importancia de la competitividad salarial del sector 37% arriba de la media nacional México como 5to lugar en atractivo para la inversión en minería a nivel mundial, situación que con los nuevos derechos mineros ya cambió. En 2012, $129,430 millones de pesos la producción minera del norte de México, entre cinco estados fronterizos y Baja California, representando un 773% mayor respecto al creación de clúster como una actividad prioritaria, impulsada por la Secretaria de Economía y la Coordinación Nacional de Minería. Entre 2001 y 2012 se concesionaron 61.8 millones de hectáreas en México. 27

28 RETOS FIN DEL SUPER CICLO ACCESO A LA SUPERFICIE SOBREREGULACION AMBIENTAL IMPUESTOS EXCESIVOS SEGURIDAD TENDENCIAS CLIMA DE INCERTIDUMBRE PERDIDA DE COMPETITIVIDAD BEAN COUNTERS

29 GRACIAS agnicoeagle.com 29