Gryphon Gold — Shareholder Meeting (August 2012)
21 slides from Gryphon Gold's shareholder meeting presentation, Aug 28, 2012
Slide 1: Gryphon Gold Corporation Annual Meeting of Shareholders
Gryphon Gold Corporation Annual Meeting of Shareholders August 28, 2012
Slide 2: Marvin K. Kaiser, Chairman of the Board
Marvin K. Kaiser Chairman of the Board
Slide 3: James T. O'Neil, Jr., President & CEO
James T. O'Neil, Jr. President & CEO
Slide 4: Safe Harbor Statement
Safe Harbor Statement This presentation contains “forward-looking statements” and "forward-looking information" within the meaning of United States and Canadian securities laws, which may include, but are not limited to, statements relating to composition of the shipped doré; estimates related to ca
Slide 5: Gryphon Gold Profile
Gryphon Gold Profile Objective to expand production at the Borealis Project, located on a 23.5 square mile property containing 13 known deposits in the Walker Lane gold belt of Western Nevada TSX: GGN / OTC: GYPH + Shares outstanding* 194 million + Market capitalization $24.1 million * Recent price
Slide 6: Gryphon Gold: Producing Gold in Nevada
Slide 7: Strategic Objectives
Strategic Objectives >» Increase production to 25,000 to 30,000 ounces per year at <$700/ounce cash cost by year end 2012 » Maximize the value of the Borealis property through further definition drilling and exploration » Increase gold reserves and deposits through the acquisition and exploration of
Slide 8: Expanding heap leach pad capacity
» Expanding heap leach pad from 4 million ton to 12 million ton capacity » Permitted to construct and operate 12-million ton capacity pad > In fiscal 2012, loaded 529,726 tons to the leach pad that contained 6,409 recoverable ounces . = > Poured and shipped 3,280 equivalent gold ounces in Q1 FY 2013
Slide 9: © 2012 by
© 2012 by Gryphon Gold Corporation
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Slide 11: Pouring and shipping weekly
© 2012 by Gryphon Gold Corporation Pouring and shipping weekly Expansion of heap leach pad to increase pad from 4 million to 12 million tons Adding additional carbon columns Larger crusher to handle larger material Drilling program and mine plan to expand identified resources uu
Slide 12: Q1 FY 2013 Production Results
Q1 FY 2013 Production Results 3,280 > $5.97 million in sales > Cash cost: ~$948 per ounce » Restructured bonds to free 1,580 $2.4 million in previously used for collateral FY 2012 Q1 FY 2013 = Gold Equivalent Ounces
Slide 13: Restructured Balance Sheet
Restructured Balance Sheet (in millions) » Repaid existing debt with new $20 4 $15 mm Senior Credit Facility and gold stream agreement in April 2012 S15 » Payable starting May 2013 in $10 + 12 equal monthly installments $5 > $1.9 mm convertible bond — monthly principle payments of $53,000 $o T > $1.
Slide 14: Steven K. Jones, Vice President of Exploration
Steven K. Jones Vice President of Exploration
Slide 15: Borealis Property
Borealis Property > Geological history of gold discovery > Mining-friendly state (NV) > Politically stable part of the world > US mining assets are a good hedge against US Dollar » Highly experienced and successful finance and exploration teams > The process to receive permits and start operations o
Slide 16: © 2012 by
16 © 2012 by Gryphon Gold Corporation
Slide 17: Borealis District
Borealis District Gryphon Gold Corporation Rorealis Mine, Mineral Caninty 2012-2013 Resource Location © 2012 by Gryphon Gold Corporation
Slide 18: Borealis District
Borealis District 2:00 200. 300 soon Gryphon Gold Corporation —a Borealis Mine, Mineral County S East Pit Mining 2012
Slide 19: Strong Historical Production
Strong Historical Production (1981-1990) Tons of Ore Contained Gold (in thousands) (in thousands) 6.251 at grade 023 Hi Crushed and Agglomerated |_| Run of Mine © 2012 by Gryphon Gold Corporation
Slide 20: Investment Considerations
Investment Considerations © 2012 by Gryphon Gold Corporation
Slide 21: Gryphon Gold Corporation Annual Meeting of Shareholders
Gryphon Gold Corporation Annual Meeting of Shareholders August 28, 2012