Jaguar Mining Inc. · TSX:JAG
Jaguar Mining — Shareholder Meeting (June 2013)
22 slides from Jaguar Mining's shareholder meeting presentation, Jun 10, 2013
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting June 10, 2013
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains “forward-looking statements”, within the meaning of Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the United States Exchange Act of 1934, as amended and forward-looking information as defined under applica
Slide 3: Agenda
Agenda Introduction to New Management 2012 Highlights Q1 2013 Highlights 2013 Outlook - Commitment to Rebuilding the Company
Slide 4: New Management
New Management Building a Winning Team Executive Roles David M. Petroff President and Chief Executive Officer Douglas Willock Chief Financial Officer Gordon Babcock Chief Operating Officer Frederick Hermann Director and Executive Consultant
Slide 5: Agenda
Agenda Introduction to New Management 2012 Highlights Q1 2013 Highlights 2013 Outlook - Commitment to Rebuilding the Company
Slide 6: 2012 Highlights
2012 Highlights Restructuring and Turnaround Plan: implemented May 8, 2012 Objective: to improve costs and efficiency Highlights of Progress under the Plan Consolidated cash operating cost per ounce reduced by ˃28% Cash operating cost per ounce at Turmalina reduced by 22% Cash operating co
Slide 7: 2012 Highlights: Gold Production
2012 Highlights Gold Production (ounces) 70000 60000 50000 40000 2011 30000 2012 20000 10000 0 Caeté Turmalina Paciência
Slide 8: 2012 Highlights: Cost of Production
2012 Highlights Cost of Production (per ounce) 1400 1200 1000 Q1 800 Q2 600 Q3 Q4 400 200 0 Caeté Turmalina
Slide 9: 2012 Highlights
2012 Highlights IMPROVING SAFETY Since August, LTI frequency reduced every month at the Turmalina, Pilar and Paciência mines Instituted improved ground support procedures Continuous review of safety policy, procedures and process OPERATIONAL STABILITY Met 2012 guidance with 102,832 ounces at
Slide 10: 2012 Highlights
2012 Highlights FINANCIAL STABILITY Improved working capital management Building relationships with Brazilian lenders Hedged 90,000 ounces at $1,775 per ounce in Q4
Slide 11: Agenda
Agenda Introduction to New Management 2012 Highlights Q1 2013 Highlights 2013 Outlook – Commitment to Rebuilding the Company
Slide 12: Q1 2013 Highlights
Q1 2013 Highlights Safety Improving Stabilization Financial of Production Position Managing Legacy Issues Short Term Cash Flows Improving Due Process
Slide 13: Q1 2013 Highlights: Safety
Q1 2013 Highlights Safety Remains a priority Improved Safety Improved Efficiencies Improved Production Regular crew meetings on the importance of safety Site managers enforcing safety policy Profit Sharing Program
Slide 14: Q1 2013 Highlights: Stabilization of Production
Q1 2013 Highlights Stabilization of Production Production exceeded budget → cash cost per ounce lower than budget Cost of Production per ounce 1400 1200 Q1 2012 1000 Q2 2012 800 Q3 2012 600 Q4 2012 400 Q1 2013 200 0 Caeté Turmalina
Slide 15: Q1 2013 Highlights: Managing Short Term Cash Flows
Q1 2013 Highlights Managing Short Term Cash Flows Challenges with fluctuating gold prices $18.4 million in cash up from $13.9 million in Q4 2012 $30M Renvest Credit Facility secured Reduce or defer non-critical spending
Slide 16: Q1 2013 Highlights: Improving Due Process
Q1 2013 Highlights Improving Due Process Implementation of small, focused work teams to tackle key issues Increasing expertise and comprehensiveness Addition and revision of policies and procedures on how to conduct business and operations
Slide 17: Q1 2013 Highlights: Legacy Issues
Q1 2013 Highlights Legacy Issues Continue to address most critical issues • By-pass road • Re-vegetation • Environmental • Brazilian Employment Law issues
Slide 18: Q1 2013 Highlights: Improving Financial Position
Q1 2013 Highlights Improving Financial Position Commenced discussions with Convertible Debentureholders Approaching maturity dates: • November 2014 – US$165.0M • March 2016 – US$103.5M Critical cash position US$13.1M a year on interest
Slide 19: Agenda
Agenda Introduction to New Management 2012 Highlights Q1 2013 Highlights 2013 Outlook – Commitment to Rebuilding the Company
Slide 20: 2013 Outlook
2013 Outlook Targeted Production • 85,000 ounces – 95,000 ounces Targeted Cash Cost per Ounce • US$950 - US$1100 Estimated Capital Spending • US$35 million Challenging economic environment, but will continue to rebuild the company Dedicated, experienced management team driven to succeed
Slide 21: 2013 Outlook: Vision, Mission, Values
2013 Outlook Vision Mission Values
Slide 22: Mining Inc.
MINING INC.