Slide 1: Latin America Focused Gold Mining And Exploration
Latin America Focused Gold Mining And Exploration Full Year Results Presentation August 2011 1
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains certain information that constitutes forward-looking statements including the proposed acquisition of the Talca property, the completion of the proposed financing, future operating performance of Orosur Mining Inc. (the “Company” or “OMI”), realization
Slide 3: Production and Cash costs
Production and Cash costs • Production of 55,817 ounces for the year, in line with expectations • Total cash cost for year $US 754, in line with Quarter 3 update and well below original target of $US 825 • Arenal development of 417 meters meters, in line with expectation expectation. • Target produc
Slide 4: Financial Results Full Year
Financial Results Q3 Financial Results Full Year Ended May 31 2011 2010 Revenue US$ $ ‘000s 78,734 59,613 Net income for the period US$ ‘000s 15,946 1,401 Cash flow from operations US$ ‘000s 29,745 9,021 Cash at the end of the period US$ ‘000s 000s 14 178 14,178 8 691 8,691 Total Debt at the end of
Slide 5: Asset Overview
Asset Overview Chile Uruguay San Gregorio – Producing 55Koz p.a. 849 Koz M&I Resource Guyana G Arenal Deeps in development – first production by Suriname Venezuela French Guiana Calendar Q4 2011 Colombia Sobresaliente resource defined, additional targets for Anillo – pre resource stage Ecuador
Slide 6: Exploration Uruguay
Exploration Uruguay • Sobre Saliente M&I resource of 2,097,000 tonnes at 1.05 g/t for 71 000 ounces defined 71,000 defined. • Cruzera M&I resource of 437,000 tonnes at 4.05 g/t for 31,000 ounces defined. EW Section Looking North • San Gregorio has 5 year mine 25m Spacing plan at 50,000 to 60,000 oun
Slide 7: Pantanillo – Scoping Study Underway
Pantanillo – Scoping Study Underway 3,071 meters completed during 2011 campaign on infill and oxide targets close to resource. Infill holes confirmed resource. Mineralisation encountered on oxide targets but will not significantly increase resource. 2012 drilling on Quebrada Pantanillo, Oro 52
Slide 8: Anillo – Pre Resource Exploration
Anillo – Pre Resource Exploration 2,497 m first pass drilling completed during April 2011 Anomalous Au/Ag values intercepted over several meters in holes drilled in two different sectors located to the north and east of Yamana’s Yamana s neighbouring Pampa Victoria discovery Second drill campa
Slide 9: Talca – A Strategic Acquisition
Talca – A Strategic Acquisition Talca Overview Project Geology Located 375km North of Santiago in the Region IV of Northern Chile, covering an area of 2,000 hectares Mine in operation for 40 years – operated by a well known local family of artisanal miners Has produced an estimated 300 300,000
Slide 10: Talca Acquisition & Exploration Plan
Talca Acquisition & Exploration Plan Acquisition Rationale Exploration Programme 9 Well known high grade gold mineralisation Calendar Activities Timing 9 Significant production history Mine topography, geologic mapping Q3 2011 9 Near mine and district exploration upside and sampling 480km linear gro
Slide 11: Summary
Summary 9 Achieved production and cash cost target 9 5 year mine life at 50,000 to 60,000 ounces with significant potential to extend San Gregorio LOM 9 EBITDA of US$ 24 M for 2011 financial year 9 Solid financial position, current cash with no debt 9 Growth focus – Talca adds high grade potential p
Slide 12: Resources
Resources Measured Resources Indicated Resources Total Measured and Indicated Inferred Resources QP cut off Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Deposit (g/t Au) (000’s) (g/t Au) Ounces (000’s) (g/t Au) Ounces (000’s) (g/t Au) Ounces (000’s) (g/
Slide 13: Reserves
Reserves Proven Reserves Probable Reserves Total Proven and Probable QP Notes cut off Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Deposit (g/t Au) (000’s) (000 s) (g/t Au) Ounces (000’s) (000 s) (g/t Au) Ounces (000’s) (000 s) (g/t Au) Ounces Underground Reserves Arenal Deep
Slide 14: Reserve and Resource Notes
Reserve and Resource Notes 1 troy ounce = 31.1035 grams General Notes: Totals may not be exact due to rounding Mineral Reserves are completely within the stated Mineral Resources with mining factors applied. Mineral Reserves are in situ as at 31 May May, 2011 Mineral Resources are current as at 31 M