Florida Canyon Gold — Argonaut Gold — Q2 2022 Earnings Presentation
19 slides from Florida Canyon Gold's earnings presentation, Aug 11, 2022
Slide 1: Webcast Presentation: Second Quarter Ended June 30, 2022
TSX:AR WEBCAST PRESENTATION Second Quarter Ended June 30, 2022 Conference Call August 11, 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: Magino Financing Update
Magino Financing Update Magino fully financed • Equity Financing closed July 5, 2022 and New Debt Facility committed and expected to close in Q3 2022 • Total available funding ~US$468M dedicated to Magino construction and expected to fully finance the project CAD $ USD $ Cash1 C$95M US$76M New Debt
Slide 4: Magino Construction Update
Magino Construction Update At June 30, 2022, of the C$920 million estimated cost to completion, C$510.1 million and C$688.1 million had been spent and committed at the Magino construction project. Plant Site Process Plant Aerial Process Plant Interior TSX:AR Q2 2022 Results Ended June 30, 2022 Confe
Slide 5: Magino Construction Update
Magino Construction Update TMF WQCP TSX:AR Q2 2022 Results Ended June 30, 2022 Conference Call – August 11, 2022 | ARGONAUT GOLD 5
Slide 6: Magino Construction Update
Magino Construction Update Open Pit Power Plant Fish Habitat Lodge TSX:AR Q2 2022 Results Ended June 30, 2022 Conference Call – August 11, 2022 | ARGONAUT GOLD 6
Slide 7: Magino Construction Schedule
Magino Construction Schedule The Magino construction is on schedule for first gold pour by April 2023. Schedule is under review following a claim by Ausenco for a 23-day delay due to a previously disclosed province-wide strike of trades groups. 2021 2022 2023 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Mine comme
Slide 8: Financial Performance
Financial Performance Three Months Ended June 30 Six Months Ended June 30 % % 2022 2021 2022 2021 Change Change Sales (GEO)1 59,241 65,651 (10%) 115,613 124,766 (7)% Revenue ($M) 111.4 120.2 (7%) $217.2 $225.5 (4)% Net income (loss) ($M) 18.4 21.8 (16%) $24.0 $48.8 (51)% Earnings (loss) per share -
Slide 9: Q2 2022 Capital Spending and Cash Flow ($M)
Q2 2022 Capital Spending and Cash Flow ($M) Investing in the future Q2 Cash Flow Reconciliation ($M) Q2 Capital Spend ($M) Opening balance cash 166.1 Sustaining Expansion Stripping El Castillo 0.3 — — Cash flow from operations excl. working capital 23.3 La Colorada 0.9 — 4.5 Changes in working capit
Slide 10: Operations Overview
Operations Overview Three Months Ended June 30, Six Months Ended June 30, 2022 Production (GEO)1 2022 2021 % Change 2022 2021 % Change El Castillo 12,178 12,928 (6%) 23,787 12,228 (5)% San Agustin 19,135 19,734 (3%) 39,037 18,947 1% La Colorada 13,390 17,288 (23%) 27,173 16,516 (20)% Florida Canyon
Slide 11: 2022 Guidance
2022 Guidance 2022 GEO Production and Cost Guidance Original Full Year Revised Full Year H1 2022 (Actual) 2022 Guidance 2022 Guidance GEO production In 000s 114,706 200 – 230 200 – 230 Cash costs1 $ per oz Au 1,202 1,100 – 1,190 1,200 – 1,300 AISC1 $ per oz Au 1,453 1,415 – 1,525 1,500 – 1,600 2022
Slide 12: Argonaut's Commitment to Sustainability
Argonaut’s Commitment to Sustainability Safety Recognition RECENT CSR HIGHLIGHTS • Three Florida Canyon employees have been recognized for their outstanding safety Magino contributions by the Nevada Mining Association. Awarded Socially Responsible Company for the 10th year in a row. Sustainability H
Slide 13: Lassonde Curve - Slingshot Re-Rate Potential Opportunities
Lassonde Curve - Slingshot Re-Rate Potential Opportunities TSX:AR Q2 2022 Results Ended June 30, 2022 Conference Call – August 11, 2022 | ARGONAUT GOLD 13
Slide 14: Additional Information
TSX:AR Diversified Intermediate Producer and Developer in North America ADDITIONAL INFORMATION /ArgonautGoldInc @Argonaut_Gold Joanna Longo Investor Relations @ArgonautGoldInc Argonaut Gold Inc. company/Argonaut-Gold-Inc Phone: 416-575-6965 Email: info@argonautgold.com Argonaut Gold Inc. www.Argonau
Slide 15: 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 16: Mineral Resource Notes and Disclosures
Mineral Resource Notes and Disclosures (1) Mineral Reserves and Mineral Resources have been estimated as at December 31, 2021 in accordance with NI 43-101 as required by Canadian securities regulatory authorities. Mineral Resources are presented inclusive of Mineral Reserves. Numbers may not sum due
Slide 17: 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 Q2 2022 Results Ended June 30, 2022 Conference Call – August 11, 2022 | ARGONAUT GOLD 17
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 Q2 2022 Results Ended June 30, 2022 Conference Call – August 11, 2022 | ARGONAUT GOLD 18
Slide 19: 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 Q2 2022 Results Ended June 30, 2022 Conference Call – August 11, 2022 | ARGONAUT GOLD 19