Wesdome Gold Mines Ltd. · TSX:WDO
Wesdome Gold Mines — Investor Presentation (December 2020)
29 slides from Wesdome Gold Mines's investor presentation, December 2020
Slide 1: Corporate Presentation December 2020
TSX WDO CORPORATE PRESENTATION December, 2020
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains statements or information concerning the business, fully discussed in the disclosure material filed with the securities regulatory operations and financial performance and condition of Wesdome Gold Mines Ltd. authorities in Canada and available on SED
Slide 3: Wesdome's Investment Proposition
Wesdome’s INVESTMENT PROPOSITION TIER 1 HIGH GRADE Building Canada’s next JURISDICTIONS GROWTH MID-TIER 100% owned assets in Canada Successfully discovering, developing and mining high GOLD PRODUCER Production base in Ontario grade deposits Primary growth asset in Quebec Eagle River average reserve
Slide 4: Fully-Funded Growth Pipeline
HIGH QUALITY ASSET BASE in Safe, Prolific Mining Districts Steady production base with FULLY-FUNDED GROWTH PIPELINE EAGLE RIVER MINE 1 KIENA PROJECT 1 MOSS LAKE PROJECT Wawa, Val-d'Or, Thunder Bay, Location Location Location Ontario Quebec Ontario Stage Producing Stage PEA (2020) Stage PEA (2013) Ca
Slide 5: Delivering Tangible Results
Peer Leading TRACK RECORD Eagle River Mine Cumulative Production vs. Reserves Consensus NAVPS Growth 2016-2019 DELIVERING TANGIBLE RESULTS 2019 561 373 125% 2018 415 282 increase Three Year Share Price Performance 2017 518 210 498% 2016 446 151 2015 431 103 2014 386 53 42% 30% Eagle 2P Reserves (koz
Slide 6: Exploration Success Across Portfolio Continues
EXPLORATION SUCCESS Across Portfolio Continues High grade brownfield discoveries at both Eagle and Kiena mines Eagle Mine Complex Kiena Project TSX:WDO 5
Slide 7: Focused on Operational and Project Delivery
Focused on OPERATIONAL AND PROJECT DELIVERY Recent news flow continues to meet or exceed market expectations Feb 2020 Exploration drilling at Kiena shows continuation of the Deep A Zone down plunge to 830m Mar 2020 Q4 results highlight record year over year production and cost improvement May 2020 Q
Slide 8: Strong Sustainability Performance
ESG Strength ENVIRONMENT Committed to Stage 4 Tailings Management Area STRONG vertical lift completed at Eagle River Mill, adding tailings capacity and SUSTAINABILITY allowing for increased monitoring PERFORMANCE capabilities Zero reportable spills YTD at both Eagle River Mine and Kiena Complex GOVE
Slide 9: Eagle Mine
Wawa, Ontario EAGLE MINE
Slide 10: Eagle River Overview
EAGLE RIVER Overview Over 1.3Moz at 9.6g/t produced since 1995 Wawa/Hemlo Area Wesdome’s cornerstone asset – in production since 1995 Located on prospective Mishibishu Greenstone Belt Two new parallel structures identified in 2013 (No. 7 and No. 300) High grade 303 Lens continuing to have positive o
Slide 11: Eagle River Asset Summary
EAGLE RIVER Asset Summary Over 1.3Moz at 9.6g/t produced since 1995 ASSET SUMMARY Eagle River Complex 50km West of Wawa, Location Ontario Ownership 100% Land Package 11,013 ha Underground longhole Mining method and open pit Processing Conventional Merrill-Crowe Mill Nameplate 850 tpd capacity Capaci
Slide 12: Eagle River 2020 Operational Highlights
EAGLE RIVER 2020 Operational Highlights PRODUCTION LEVELS Quarterly Production Trend (000’oz) HAVE MORE THAN DOUBLED WHILE COSTS 29 29 HAVE DECLINED since 2012 23 23 21 21 19 18 Ventilation system updates expected to support production increase in 2021 16 17 19 15 13 Falcon 7 zone now extends to app
Slide 13: Operational Improvements Expected
Existing MINE PLAN Eagle River Mine OPERATIONAL IMPROVEMENTS EXPECTED as additional zones are delineated 303E zone open at depth Falcon zone to enhance reserves and improve operational flexibility Increased mining rate targeting 600 tpd in 2021 TSX:WDO 12
Slide 14: High Grade Near Mine Upside
HIGH GRADE Near Mine Upside Falcon Zone Connecting 7 Zone Recent Drilling 303 Lens FALCON 7 ASSAYS HOLE 622-E-02 51.3 g/t Au over 1.8m core length (38.2 g/t Au cut, 1.5m true width) HOLE 622-E-11 18.6 g/t Au over 12.5m core length (18.4 g/t Au cut, 8.0m true width) HOLE 622-E-12 56.8 g/t Au over 1.8
Slide 15: Parallel Zones
Surface and Regional POTENTIAL Greenfields Exploration Brownfields Exploration Wesdome has only begun drilling at surface for PARALLEL ZONES TSX:WDO 14
Slide 16: Kiena Restart
Val d’Or, Quebec KIENA RESTART
Slide 17: Kiena Re-Start Project Overview
KIENA RE-START PROJECT Overview Rapidly advancing low-risk project into production Location Abitibi-Greenstone Belt: Regional Overview • Near Val d’Or, Quebec Low Complexity and High Grade • Located in highly prospective Val d'Or gold camp • Water rights / permitting status / proximity to power Low
Slide 18: Kiena 2020 PEA Study Results
Kiena 2020 PEA STUDY RESULTS Rapidly advancing low-risk project into production KEY METRICS1 Life of Mine Production Profile 116 Total Tonnes Mined 2.1Mt 107 105 Diluted Gold grade 10.65 g/t 92 92 92 Total Gold Contained 709,065 oz Annual Gold Produced 86koz 51 Total Pre-production Capital $35M 45 A
Slide 19: Robust Upside to Current Resource Inventory
Exploration Continues to EXPAND RESOURCE Open to Depth – Transition to High Grade A-zone and VC zone continues to suggest ROBUST UPSIDE TO CURRENT RESOURCE INVENTORY Parallel Zones TSX:WDO 18
Slide 20: Expansion Potential at Both Eagle and Kiena
UPSIDE FROM SURFACE TARGETS and Mill Expansion Longer term options to leverage existing excess infrastructure EXPANSION Surface Programs at Eagle and Kiena POTENTIAL AT BOTH EAGLE AND KIENA to process additional feed Excess Mill Capacity 2,000 tpd 1,200 tpd 1,150 350 850 850 Eagle Kiena Existing Per
Slide 21: Moss Lake Project
Wawa, Ontario MOSS LAKE PROJECT
Slide 22: Moss Lake Project
MOSS LAKE Project Non-core asset with substantial resource inventory in Ontario Dominant land holding Moss Lake • Located in Moss Township, 100km west of the city of Thunder Bay • 36km along Shebandowan gold belt contained within four deposits • Acquired Coldstream Project in 2016, consolidating pos
Slide 23: Appendix
APPENDIX
Slide 24: Summary Financial Results and Current Guidance
SUMMARY FINANCIAL RESULTS and Current Guidance RECENT FINANCIAL RESULTS 2020 GUIDANCE 2020 2019 PRODUCTION ($M) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Eagle River 87,000 - 96,000 oz Revenues $55 $55 $57 $43 $43 $42 $33 Mishi 3,000 - 4,000 oz Mine operating profit $32 $34 $28 $26 $26 $22 $16 TOTAL 90,000 - 100,000 oz
Slide 25: Mineral Reserves
MINERAL Reserves EAGLE RIVER – MINERAL RESERVES DECEMBER 31, 2019 DECEMBER 31, 2018 Tonnes Grade Contained Tonnes Grade Contained (000s) (g/t Au) ounces (000s) (g/t Au) ounces Proven 331 15.5 165,000 188 14.7 89,000 Probable 855 14.0 385,000 860 11.4 315,000 Proven + Probable 1,186 14.4 550,000 1,04
Slide 26: Mineral Resources
MINERAL Resources EAGLE RIVER – MINERAL RESOURCES1 KIENA MINE COMPLEX – MINERAL RESOURCES1 DECEMBER 31, 2019 DECEMBER 31, 2018 SEPTEMBER 25, 2019 Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained (000s) (g/t Au) ounces (000s) (g/t Au) ounces (000s) (g/t Au)* ounces Measured 25.0 1
Slide 27: Peer Leading Returns / Corporate Structure
CORPORATE STRUCTURE CAPITAL MARKETS DATA Analyst Coverage PEER LEADING Symbol TSX:WDO RETURNS BMO Capital Markets Industrial Alliance Laurentian Bank with minimal record of 52 Week High/Low $15.00/ Canaccord Genuity (Average daily volume M Partners dilution to shareholders 630,000 shares) $5.85 Desj
Slide 28: Management and Board
MANAGEMENT and Board Successful operating, development and exploration track record MANAGEMENT DIRECTORS Duncan Middlemiss P.Eng Marc-Andre Pelletier P.Eng Warwick Morely-Jepson Charles Main CPA, CA CEO, Director COO Chairman Director Michael Michaud P.Geo Scott Gilbert CPA, CA Nadine Miller P.Eng B
Slide 29: Wesdome Gold Mines contact
Wesdome Gold Mines 220 Bay St, Suite 1200 Toronto, ON M5J 2W4 (416) 360-3743 info@wesdome.com
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