Florida Canyon Gold — Argonaut Gold — Q4 2021 Earnings Presentation
18 slides from Florida Canyon Gold's earnings presentation, Mar 2, 2022
Slide 1: Webcast Presentation: Fourth Quarter Ended December 31, 2021
TSX:AR WEBCAST PRESENTATION Fourth Quarter Ended December 31, 2021 Conference Call March 2, 2022
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION This presentation may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information, other than statements of historical facts, included in this presentation that address activities, events or developments that the
Slide 3: Full Year 2021 and Recent Highlights
Full Year 2021 and Recent Highlights Financial Performance Production and Cost • Record annual revenue of $437 million • Record annual cash flow of $125 million 2021A 2021 Guidance (from operating activities before changes in non-cash operating working capital and other items) • 1 Adjusted 2021 net
Slide 4: Current Focus
Current Focus CEO Search • Well underway • High quality executive search firm • In-bound interest Evaluating Financial Alternatives for Magino construction project • Goal: Q2 2022 Evaluating Strategic Alternatives • Weighting strategic alternatives vs. self-funding TSX:AR Q4 2021 Results Ended Decem
Slide 5: Financial Performance
Financial Performance Three Months Ended December 31, Year Ended December 31, 2021 % 2021 2020 2021 2020 % Change Change Sales (GEO)1 56,961 53,478 7% 242,333 179,168 35% Revenue ($M) 102.9 100.8 2% 436.9 319.7 37% Net income (loss) ($M) (37.3) 18.0 (307%) 26.5 14.2 87% Earnings (loss) per share - b
Slide 6: Q4 2021 Capital Spending and Cash Flow ($M)
Q4 2021 Capital Spending and Cash Flow ($M) Investing in the future Q4 Cash Flow Reconciliation ($M) Q4 Capital Spend ($M) Opening balance cash 167.6 Sustaining Expansion Stripping El Castillo 1.0 — 4.0 Cash flow from operations excl. working capital 18.3 La Colorada 0.2 — — Changes in working capit
Slide 7: Operations Overview
Operations Overview Three Months Ended December 31, Year Ended December 31, 2021 Production (GEO)1 2021 2020 % Change 2021 2020 % Change El Castillo 12,458 12,568 (1%) 48,861 46,183 6% San Agustin 17,809 18,621 (4%) 74,116 63,866 16% La Colorada 17,358 14,502 20% 66,964 46,371 44% Florida Canyon 14,
Slide 8: 2022 Guidance
2022 Guidance 2022 Production and Cost Guidance El Castillo San Agustin La Colorada Florida Canyon 2022E GEO production 38 - 45 62 - 70 48 - 55 52 - 60 200 - 230 (in 000s) Cash cost per gold 1,400 - 1,475 1,000 - 1,075 950 - 1,050 1,150 - 1,250 $1,100 - $1,190 ounce sold1 AISC per gold ounce 1,500 -
Slide 9: Argonaut's Commitment to Sustainability
Argonaut’s Commitment to Sustainability Awarded Socially Responsible Q4 CSR HIGHLIGHTS Company for the 10th year in a row. San Agustin Sustainability Highlights & Ongoing Programs • Reduction in water consumption by 8% by switching to drip irrigation at operations. • Reduced GHG by ~84 tonnes/year b
Slide 10: Near Term Growth Through Magino Development
Near Term Growth Through Magino Development TSX:AR Q4 2021 Results Ended December 31, 2021 Conference Call – March 2, 2022 | ARGONAUT GOLD 10
Slide 11: Magino to Catalyze Argonaut's Vision & Strategy
Magino to Catalyze Argonaut's Vision & Strategy TSX:AR Q4 2021 Results Ended December 31, 2021 Conference Call – March 2, 2022 | ARGONAUT GOLD 11
Slide 12: Magino Construction Update
Magino Construction Update Process Plant MSE Wall WQCP Open Pit TSX:AR Q4 2021 Results Ended December 31, 2021 Conference Call – March 2, 2022 | ARGONAUT GOLD 12
Slide 13: Lassonde Curve - Slingshot Re-Rate Potential Opportunities
Lassonde Curve - Slingshot Re-Rate Potential Opportunities TSX:AR Q4 2021 Results Ended December 31, 2021 Conference Call – March 2, 2022 | ARGONAUT GOLD 13
Slide 14: Precious Metals Producers Comparison
Precious Metals Producers Comparison TSX:AR Q4 2021 Results Ended December 31, 2021 Conference Call – March 2, 2022 | ARGONAUT GOLD 14
Slide 15: Additional Information
TSX:AR Diversified Intermediate Producer and Developer in North America ADDITIONAL INFORMATION /ArgonautGoldInc @Argonaut_Gold Dan Symons Vice President, Corporate Development & Investor Relations @ArgonautGoldInc Argonaut Gold Inc. company/Argonaut-Gold-Inc First Canadian Place 100 King St. West, S
Slide 16: Notes and Disclosures
Notes and Disclosures Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Flo
Slide 17: Mineral Resource Notes and Disclosures
Mineral Resource Notes and Disclosures (1) Mineral Reserves and Mineral Resources have been estimated as at December 31, 2020 for Florida Canyon, Cerro del Gallo, Ana Paula and San Antonio, as at October 1, 2021 for El Castillo and La Colorada and as at August 1, 2021 for San Agustin in accordance w
Slide 18: Consolidated Mineral Resources & Mineral Reserves
Consolidated Mineral Resources & Mineral Reserves(1) 1 Please refer to slide titled “Mineral Resource Notes and Disclosure” for notes and disclosures. TSX:AR Q4 2021 Results Ended December 31, 2021 Conference Call – March 2, 2022 | ARGONAUT GOLD 18