Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — Bank of America Merrill Lynch 21st Annual Canada Mining Conference (September 2015)
16 slides from Royal Gold's conference presentation, Sep 10, 2015
Slide 1: Bank of America Merrill Lynch 21st Annual Canada Mining Conference
Bank of America Merrill Lynch 21st Annual Canada Mining Conference Bill Heissenbuttel Vice President Corporate Development and Operations September 2015 SOLID PORTFOLIO. SOLID FUTURE.
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains certain forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ m
Slide 3: What Makes Royal Gold Unique
What Makes Royal Gold Unique Growth Existing Portfolio Delivered Record Volume in FY2015; and the four new streams will extend that growth for the next several years Quality Mount Milligan continues to produce at below world average production costs, new additions to the continues Mount Milligan por
Slide 4: Record Volume in FY2015: Net Gold Equivalent Ounces
Record Volume in FY2015 8% Compounded Annual Growth Rate FY2010 through FY2015 250 200 Net Gold Equivalent Ounces (GEOs)1 150 (in thousands) Mt Milligan 100 Other 50 0 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 September 10, 2015 4
Slide 5: Investment Summary
Investment Summary Four new streams added to the portfolio in recent months Opportunistically reinvesting in our business Favorable point in the commodity cycle Focusing on high quality producing or near-term producing assets Diversifying revenue Pueblo Viejo Rainy River Andacollo Golden Star
Slide 6: Four New Streams Added to the Portfolio
Four New Streams Added to the Portfolio Estimated Effective Annual Net Date or Total Operator Property Strategic Rationale GEO’s (1st 5 Estimated Investment years) Startup Producing; one of only 3 mines in July 1, 2015 - the world to produce >1m oz per 50,500 Au Barrick Pueblo Viejo year; first quar
Slide 7: Enhanced Revenue Diversity with New Investments
Enhanced Revenue Diversity with New Investments FY2015 Volume Plus Relative Contribution from New and Expanding Streams 100.00% 100% Mount Milligan 90.00% 300 Rainy River Golden Star Percentage of Total Net Revenue 80.00% Net Gold Equivalent Ounces (GEOs) Pueblo Viejo 70.00% (in thousands) 60.00% 20
Slide 8: New Business Transforming the RGLD Portfolio: Pueblo Viejo
New Business Transforming the RGLD Portfolio PUEBLO VIEJO Reserves1: 9.3m (Au) 58.3m (Ag) Resources2: 6.3m (Au) 36.7m (Ag) Production3,4: 266,000 (Au) AISC4: $ 673/ounce Mine Life: 20+ years Au Stream5: 7.5%/3.75% Ag Stream5: 75%/37.5% Cash Price5: 30-60% of Spot September 10, 2015 8
Slide 9: New Business Transforming the RGLD Portfolio: Rainy River
New Business Transforming the RGLD Portfolio RAINY RIVER Reserves1: 3.8m (Au) 9.4m (Ag) Resources2: 2.9m (Au) 10.0m (Ag) Production3: 325,000 (Au) AISC3: $ 670/ounce Mine Life : 3 14 years Au Stream4: 6.5%/3.25% Ag Stream4: 60%/30% Cash Price4: 25% of Spot September 10, 2015 9
Slide 10: New Business Transforming the RGLD Portfolio: Andacollo
New Business Transforming the RGLD Portfolio ANDACOLLO Reserves1: 1.6m (Au) Resources2: 0.4m (Au) Production3,4: 22,100 AISC: NA Mine Life: 20+ years Au Stream5: 100%/50% Cash Price5: 15% of Spot September 10, 2015 10
Slide 11: New Business Transforming the RGLD Portfolio: Wassa/Prestea
New Business Transforming the RGLD Portfolio WASSA/PRESTEA Reserves1: 1.9m (Au) Resources2: 6.6m (Au) Production3,4: 118,377 AISC4: $ 1,268 WUG AISC : $ 778 5 PUG AISC5: $ 519 Mine Life : 5 5-9 years Au Stream6: 8.5/5.0/3.0% Cash Price6: 20-30% of Spot September 10, 2015 11
Slide 12: What Makes Royal Gold Unique
What Makes Royal Gold Unique Growth Existing Portfolio Delivered Record Volume in FY2015; and the four new streams will extend that growth for the next several years Quality Mount Milligan continues to produce at below world average production costs, new additions to the continues Mount Milligan por
Slide 13: Endnotes
Endnotes SOLID PORTFOLIO. SOLID FUTURE.
Slide 14: Endnotes
Endnotes Many of the matters in these endnotes and the accompanying slides constitute forward looking statements and are subject to numerous risks, which could cause actual results to differ. See complete Cautionary Statement on page 2. PAGE 4 RECORD VOLUME IN FY2015 1. Royal Gold defines Gold Equiv
Slide 15: Endnotes (cont.)
Endnotes (cont.) Many of the matters in these endnotes and the accompanying slides constitute forward looking statements and are subject to numerous risks, which could cause actual results to differ. See complete Cautionary Statement on page 2. PAGE 9 NEW BUSINESS TRANSFORMING THE RGLD PORTFOLIO – R
Slide 16: SOLID PORTFOLIO. SOLID FUTURE.
1660 Wynkoop Street Denver, CO 80202-1132 303.573.1660 info@royalgold.com www.royalgold.com SOLID PORTFOLIO. SOLID FUTURE.