Slide 1: Analyst Visit September 2022
Analyst Visit September September 2022 2022 Analyst Visit
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information Certain infor mation contained or incorporated by reference in this presentation, including any infor mation as to our strategy, projects, plans or future financial or operating perfor mance, constitutes “forward-looking statements”. All statements
Slide 3: Nevada Gold Mines… the greatest gold mining complex in the world
Nevada Gold Mines… the greatest gold mining complex in the world N EVADA HUMBOLDT ELKO HUMBOLDT ELKO Turquoise Ridge Vista Turquoise Carlin Complex Open Pit & Underground Ridge Open Pit & Underground PERSHING Arturo LANDER EUREKA Goldstrike Leeville Long Canyon Tristar WASHOE Gold Quarry Phoenix CHU
Slide 4: Our DNA
Our DNA NEVADA GOLD MINES G RESPONSIBLE ZERO HARM : ACCOUNTABLE We aim io mitigate known Act as owners, respect each hazards and target a zero- ‘other as peers and work as, harm workplace. ‘a team towards achieving ourmission RESULTS DRIVEN We are results driven through agile decisi making and disci
Slide 5: Actions to attract, retain, and develop talent
Actions to attract, retain, and develop talent Attracting Retaining Developing Revised our talent acquisition strategy Implemented our Nevada DNA Awards to Launched leadership development Launched a new recruiting system, celebrate individuals with behaviors that programs greatly improving the appli
Slide 6: Carlin Complex
CARLIN COMPLEX
Slide 7: Carlin Overview
Carlin Overview Gold Quarry Leeville Tristar Goldstrike Largest of NGM’s gold producing complexes Arturo 19Moz at 3.46g/t of P&P reservesi over a 65 km strike length Source: Google Earth Well capitalized infrastructure with both surface and underground mining coupled with significant opportunity for
Slide 8: Carlin on a page
Carlin on a page Carlin (100%) H1 2022 2022 Guidance Underground 8.8Moz at 8.86g/t – P&P reservesi Gold Production (koz) 767 1,545 - 1,675 6 underground mines Current mining rate ~4.7mtpa using multiple mining methods Cost of Sales ($/oz)1 1,029 900 - 980 Surface 9.8Moz at 2.23g/t – P&P reservesi To
Slide 9: Cortez Complex
CORTEZ COMPLEX
Slide 10: Cortez Complex
Cortez Complex Crescent Valley Mill 2 Pipeline Gold Acres Crossroads Second largest gold producer in NGM Range Front CHUG 14Moz P&P reserves at 4.17g/ti Portals Portals Post-NGM formation allowed processing of refractory Pine Valley Cortez Hills OP Fourmile ore at a closer facility Oxide growth pote
Slide 11: Cortez on a page
Cortez on a page Cortez (100%) H1 2022 2022 Guidance Underground 11Moz at 7.79 g/t – P&P reservesi 2 underground mines Gold Production (koz) 345 780 - 860 Current mining rate ~2.4mtpa Cost of Sales ($/oz)1 1,138 970 - 1,050 Surface 3.4Moz at 1.68g/t – P&P reservesi Total Cash Costs ($/oz)2 814 650 -
Slide 12: Turquoise Ridge Complex
TURQUOISE RIDGE COMPLEX a -
Slide 13: Turquoise Ridge
Turquoise Ridge Tier One operation on the western edge of NGM 14Moz at 5.74 g/t in P&P reservesi Combined processing and mining facilities have been leveraged post-NGM formation to optimize value High grade underground ore body with excellent growth potential Approx. 880 employees plus contractors i
Slide 14: Turquoise Ridge on a page
Turquoise Ridge on a page Turquoise Ridge (100%) H1 2022 2022 Guidance Underground 11Moz at 10.39g/t – P&P reservesi 2 underground mines Gold Production (koz) 231 535 – 600 Current mining rate ~1.6mtpa using multiple mining methods Cost of Sales ($/oz)1 1,356 1,110 – 1,190 Surface 2.8Moz at 2.05g/t
Slide 15: Phoenix
PHOENIX
Slide 16: Phoenix
Phoenix Fortitude Open Pit Bonanza Open Pit Admin, Truck Shop, Mill Facility, SXEW Facility 3.3Moz Au of P&P reserves i Portfolio diversification through copper and silver by-products 830Mlb Cu of P&P reservesi Copper Leach 35Moz Ag of P&P reserves i Facility Tailings Storage Facility Sulfide fuel p
Slide 17: Phoenix on a page
Phoenix on a page Surface Phoenix (100%) H1 2022 2022 Guidance 3.3Moz at 0.60g/t Au – P&P gold reservesi 830Mlb at 0.17% Cu – P&P copper reservesi Gold Production (koz) 80 145 - 195 35Moz at 6.43g/t Ag – P&P silver reservesi Current mining rate ~45mtpa Cost of Sales ($/oz)1 2,179 2,000 - 2,080 Proce
Slide 18: Koz Produced 100% NGM: added growth to the 15-year window
Added significant growth to the 15-Year window LOM Comparison 2019 LOM vs 2022 LOM 4,000 3,500 …known near 3,000 mine upside to fill the gap Koz Produced 100% NGM 2,500 2,000 And optimized 1,500 the LOM for 1,000 LONG TERM VALUE 500 - 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
Slide 19: Geology Driven Growth and Value
Geology Driven Growth and Value Exploration & Mineral Resource Management (MRM)
Slide 20: We delivered on our promised values
We delivered on our promised values Flexible processing options, combined ore body knowledge, and integration of MRM Mining orebodies across old property boundaries Former boundary Optimizing stockpiles across mines to extend life at Mill 5/Gold Quarry Concentrator North Post - Extending life of Gol
Slide 21: We delivered on our promised growth
We delivered on our promised growth i i i i 1.9Moz reserve additions, net of 12.8Moz depletion, at a low cost While also growing the inferred resources by 8.5Moz Fourmile* at the end of 2021 now has 0.35Moz indicated and 2.2Moz inferred resources * Fourmile is a Barrick 100% asset, and is excluded f
Slide 22: We increased our reserves strength vs peers
We increased our reserves strength vs peers P&P Reserves (Moz Au) P&P Reserve Grade (g/t Au) 100 3.0 3.0 2.0 50 50 Average peer grade 1.1 g/t 1.0 0 i 0.0 i Newmont Barrick Newcrest NGM Agnico Eagle AngloGold Kinross NGM AngloGold Barrick Agnico Eagle Newmont Newcrest Kinross Ashanti Ashanti Reserves
Slide 23: More to come in each of the three Tier One assets
More to come in each of the three Tier 1 assets N EVADA HUMBOLDT HUMBOLDT Carlin Complex i ELKO P&P: 19Moz @ 3.46 g/t Turquoise Ridgei M&I*: 32Moz @ 2.79 g/t P&P: 14Moz @ 5.74 g/t Vista Inf: 7.5Moz @ 2.1 g/t M&I*: 19Moz @ 4.83 g/t Turquoise Inf: 1.2Moz @ 2.0g/t Turquoise Ridge ELKO Ridge PERSHING Ne
Slide 24: Project Pipeline…using our strategic filters
Project Pipeline…using our strategic filters Balanced Resource Triangle Operating mines Realize value Total Targets = 184* 22 Reserve definition 9 4 4 2 Evaluate against our Feasibility projects and Measured & indicated 3 2 3 2 reserve and resource strategic filters and resources definition optimize
Slide 25: Leeville Complex – Delivered on the R&R promise
Leeville Complex – Delivered on the R&R promise …and will continue with near mine growth EOY 2019 Sep 2022 Focus on understanding geology P&P Reserv es M&I Resources NLX-22013Bi A Inf erred Resources Near Mine Exploration Upside 27.4m @ 19.57g/t opened the playing field Mined Out Area Underground In
Slide 26: Leeville Complex – Significant improvement in geologic model & ore controls
Leeville Complex – Significant improvement in geologic model & ore controls delivers growth A B Southeast C North EOY2019 1800 m Ov Improved ore control model Ov (interaction of high-angle with 1600 m Rita K low-angle structures in West Leeville Drc Drc Dp favorable stratigraphy 1400 m Turf Srm Thic
Slide 27: Ren – Delivered significant maiden resource
Ren – Delivered significant maiden resource …and increased upside potential EOY 2019 Sep 2022 V Joker Focus on understanding Joker Corona N JB3 geology delivers maiden JD1 resource 1.2Mozii maiden inferred and 0.05Mozii M&I resource, with growth still to come MRC-22001i 27.7m @ 11.49g/t Significant
Slide 28: Goldrush/Fourmile – Delivered significant reserves…with more to come
Goldrush/Fourmile Delivered significant reserves…with more to come EOY 2019 EOY 2021 Focus on understanding geology unlocks A B FM19-11DW1i 10.7m @ 24.8 g/t more upside Anna Fault Anna Fault 4.6m @ 49.4 g/t 6.1m @ 21.2 g/t Goldrush significant addition of 5.8Moz P&P reserves, plus further upside pot
Slide 29: Goldrush/Fourmile – Confirming geologic model
Goldrush/Fourmile – Confirming geologic model while opening up access to the orebody A Northwest EOY 2019 A’ Fourmile Property Boundary Goldrush 2200 m Blasdel Thrust Fault Confirmed understanding of RMT Red Hill Dike the ore controls and 1800 m RMT geological model 1400 m Significant upside potenti
Slide 30: Robertson – Understanding of ore controls leads to significant growth
Robertson – Understanding of ore controls leads to significant resource and upside potential growth Sep 2019 Sep 2022 PYC-21029i GPGT2020-019i DTL-21007i 23.5m @ 0.50 g/t 37.5m @ 2.27 g/t Distal 12m @ 2.17 g/t 13.6m @ 2.61 g/t Distal Porphyry Porphyry V DTL-21004i Gold Pan PYC-21024i Gold Pan 9.1m @
Slide 31: Turquoise Ridge Underground: New geological model leads to significant growth
Turquoise Ridge Underground New geological model leads to significant growth Sep 2019 Sep 2022 Focus on understanding geology improves controls in model 1.3Moz Reserves additions net of depletion; TUM-21152i M&I* Resource additions of 2.2Moz partly 9.8m @ offset by a 0.6Moz reduction of Inferred 18.
Slide 32: Turquoise Ridge Underground: Updated ore controls drive near mine growth
Turquoise Ridge Underground Updated ore controls drive new near mine growth Sep 2019 Sep 2022 P&P Reserv es M&I Resources Inf erred Resources Near Mine Exploration Upside Mined Out Area Underground Inf rastructure Fault TSM-22116Ai TSM-22004i 8.99m @ 5.22 g/t 17.53m @ 10.39 g/t TUM-21166i 21.95m @ 1
Slide 33: Turquoise Ridge District: Chasing the next discovery
Turquoise Ridge District Chasing the next discovery Lupine Areas of exploration interest are being defined by open- ended Carlin anomalism analogous to gold deposit Kelly Creek Fault halos in the district 20K Fault Midway Fault Mega Feeder – Targeting the strongest altered fault Vista intersections
Slide 34: Geology Driven Growth and Value: 2022 LOM
Geology Driven Growth and Value 2022 LOM 4,000 3,500 3,000 Koz Produced 100% NGM 2,500 2,000 1,500 1,000 Robertson 500 - 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2022 LOM Near Mine Upside Refer to Appendix A for the assumptions used in the 2022 LOM.
Slide 35: Sustainability
SUSTAINABILITY Creating long-term value for all our stakeholders
Slide 36: Health & Safety Strategy
Health & Safety Strategy Leadership Journey to Zero Harm is a personal commitment at all levels of the organization to Engagement achieve Nevada Gold Mine’s safety vision of “Every Person Going Home Safe Standards Accountability and Healthy Every Day” Our Culture (DNA)
Slide 37: Environmental Stewardship Strategy
Environmental Stewardship Strategy Manage our impacts on the natural environment today and with future generations in mind Biodiversity Climate Change Manage Systems & Clean air and water Environmental Standards Impacts Reclamation and rehabilitation Our approach to environmental management Environm
Slide 38: Concurrent Closure and Reclamation
Concurrent Closure and Reclamation Actively managing closure 72.5 hectares of ongoing reclamation in 2022 5-year concurrent reclamation plans at all sites with a budgeted spend of over $160M in the 5- year window Closure planning workshops for all sites and progress towards global standardization Ab
Slide 39: Biodiversity
Biodiversity Greater sage-grouse conservation Conservation of native Lahontan cutthroat trout habitat Mitigation Banks protect and restore Enhancement of more than 132 kilometers of stream and 800 habitat hectares on the Maggie Creek watershed NGM is the largest participant in sage- Restoration of m
Slide 40: GHG Emissions Reduction Roadmap
GHG Emissions Reduction Roadmap 2018 2025 2030 2,670 kt CO2e 2,337 kt CO2e interim emissions Baseline emissions 3,338 kt CO2e reduction target reduction target of 30% of 20% Electric Haulage 254 kt CO2e saving 200MW Solar Farm Alternative Ore Transition from Transportation Conventional Fuels Vision
Slide 41: CSR Overall Strategy and Core Aspects
CSR Overall Strategy and Core Aspects NGM’s Community Development and Engagement Strategy states the company’s Engagement objective as: Develop a solid, long-term relationship with community stakeholders based on trust, respect, transparency and Adaptability Partnership partnership.… The fundamental
Slide 42: Community Development Committees (CDCs)
Community Development Committees (CDCs) Elko/Spring Creek/Eureka Committees are made up of $4.2M local stakeholders and leaders Brings the communities to the front of the investment Battle Native American Mountain / decision-making process. Winnemucca NEW $306K Ensures NGM is choosing to invest in p
Slide 43: Tribes and NGM Operations
Tribes and NGM Operations OREGON HUMBOLDT PERSHING | CHURCHILL LANDER EUREKA WHITE PINE.
Slide 44: Newe Numa Scholarship Foundation (NNSF)
Newe Numa Scholarship Foundation (NNSF) Established in August 2008 with a 10-year commitment In 2019, extended the commitment for additional 10 years (through 2029) paying $1.3M/annually In 2021, increased investment to $1.4M/annually to account for two additional tribes The purpose of the Foundatio
Slide 45: Wrap-Up
Wrap-Up
Slide 46: NGM Vision: to create value for all stakeholders
NGM Vision: to create value for all stakeholders Longer Profitable Mine Lives Increased Reserves Maximizing Nevada’s Potential and Resources Lower Cut-Off Longer profitable mine lives Grades Longer term employment opportunities Lower Costs / Higher Free Cash Flow Longer term benefit sharing with loc
Slide 47: Creating value at NGM
Creating value at NGM Quality of reserves = value It’s about how much we can add to reserves Value production Discovery and development development build real value discovery exploration Time
Slide 48: NGM Year Profile (100% Basis)
NGM 15 Year Profile (100% Basis) LOM Comparison 2019 LOM vs 2022 LOM 4,000 3,500 3,000 Koz Produced 100% NGM 2,500 2,000 1,500 1,000 500 - 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2022 LOM Near Mine Upside 2019 LOM Refer to Appendix A for the assumptions used in the
Slide 49: Questions?
QUESTIONS?
Slide 50: Technical Information
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Craig Fiddes, SME-RM, Manager – Resource Modeling, Nevada Gold Mines; John Steele, CIM, Metallurgy, Engineering and Capital Projects Executive; Rodney Quick, MSc, Pr.Sci.Na
Slide 51: Endnotes
Endnotes 1. Gold cost of sales per ounce is calculated as cost of sales across our gold operations (excluding sites in care and maintenance) divided by ounces sold. 2. “Total cash costs” per ounce, “All-in sustaining costs” per ounce and "All-in costs" per ounce are non-GAAP financial performance me
Slide 52: Endnotes
Endnotes 3. Nevada Gold Mines Resources (inclusive of Reserves) and Reserves are summarized below, including Nevada Gold Mines’ interest in Arturo (100% for year-end 2021 and 60% for prior years) and Barrick’s 100%-owned Fourmile project. Totals may not appear to sum correctly due to rounding. The p
Slide 53: Endnotes
Endnotes December 31, 2021 Gold Mineral Reserves Gold Mineral Resources (Inclusive of Mineral Reserves) Proven Probable Proven + Probable Measured Indicated Measured + Indicated Inferred Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade
Slide 54: Endnotes
Endnotes 4. Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2021, unless otherwise noted. Complete mineral reserve and mineral resource data for all mine
Slide 55: Appendix A – Outlook
Appendix A – Outlook Key assumptions 2022 2023+ Gold Price ($/oz) 1,700 1,200 Copper Price ($/lb) 4.00 2.75 Oil Price (WTI) ($/barrel) 65 65 AUD Exchange Rate (AUD:USD) 0.75 0.75 ARS Exchange Rate (USD:ARS) 100 100 CAD Exchange Rate (USD:CAD) 1.30 1.30 CLP Exchange Rate (USD:CLP) 800 800 EUR Exchang
Slide 56: Appendix B – Leeville Plan Significant Intercepts
Appendix B – Leeville Plan Significant Interceptsi i. All intercepts calculated using a 3.4 g/t Au cutoff and are Select Leeville Drill Results from 2021, 2022, and Legacy uncapped; minimum intercept width is 3.0 m; internal dilution is Core Drill less than 20% total width. Hole ii Azimuth Dip Inter
Slide 57: Appendix C – Leeville Section Significant Intercepts
Appendix C – Leeville Section Significant Interceptsi i. All intercepts calculated using a 3.4 g/t Au cutoff and are Select Leeville Drill Results from 2021, 2022, and Legacy uncapped; minimum intercept width is 3.0 m; internal dilution is Core Drill less than 20% total width. Hole ii Azimuth Dip In
Slide 58: Appendix D – Ren Significant Intercepts
Appendix D – Ren Significant Interceptsi i. All intercepts calculated using a 3.4 g/t Au cutoff and are Select Ren Drill Results from 2021, 2022, and Legacy uncapped; minimum intercept width is 3.0 m; internal dilution Core Drill Hole ii Azimuth Dip Interval (m) Width (m)iii Au (g/t) is less than 20
Slide 59: Appendix E – Goldrush/Fourmile Significant Intercepts
Appendix E – Goldrush/Fourmile Significant Interceptsi Select Goldrush & Fourmile Drill Results From 2021, 2022, and Legacy i. All intercepts calculated using a 3.4 g/t Au cutoff and are uncapped; minimum intercept width is 3.0m; internal dilution is Core Drill Holeii Azimuth Dip Interval (m) Width
Slide 60: Appendix F – Robertson Significant Intercepts
Appendix F – Robertson Significant Interceptsi Select Robertson Drill Results from 2021, 2022, and Legacy Width i. All intercepts calculated using a 0.17 g/t Au cutoff and are ii Core Drill Hole Azimuth Dip Interval (m) (m)iii Au (g/t) uncapped; minimum intercept width is 3.0m; internal dilution is
Slide 61: Appendix G – Turquoise Ridge Significant Intercepts
Appendix G – Turquoise Ridge Significant Interceptsi i. All intercepts calculated using a 3.4 g/t Au cutoff and are uncapped; minimum intercept width is 1m; internal dilution is less than 20% total width Select Drill Results from 2021 and 2022 ii. Turquoise Ridge drill hole nomenclature: Project are