AuRico Gold — Presentation (June 2011)
161 slides from AuRico Gold's investor presentation, Jun 23, 2011
Slide 1: Report of Independent Registered Public Accounting Firm
Jeb mans 100 Park Aveeue } Fax) 222607-1209 Neve Yor NY 30037 | Remit acti et Report of Independent Registered Public Accounting Firm Board of Directors and Stockholders Capital Gold Corporation New York, New York We have audited the accompanying consolidated balance sheet of Capital Gold Corporatio
Slide 2: Report of Independent Registered Public Accounting Firm
Report of Independent Registered Public Accomm Board of Directors and Stackhelders (Capital Gold Corporation and Subsidiaries ‘New Yenke New Vere ‘We have audited Capital Gold Corporation and Subsidiaries intemal control over fzmncialseprting sof July 31,2010, based on cvteria established in arama C
Slide 3: Report of Independent Registered Public Accounting Firm
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ‘To The Board of Directors and Stockholders of Capital Gold Corporstion ‘Now York, New York ‘We have audited the aocompaayng consiidated balance sheet of Cepia! Gold Corporation and Subsidiaries (he a of uly 31,2000, nd he Mist somal! smcache o
Slide 4: Consolidated Balance Sheet
CAPITAL GOLD CORPORATION CONSOLIDATED BALANCE SHEET a thousands, except for stare and per shame amounts) ASSETS Cument Assets: Cash nd Cash Eouivaents ONot6 3) ‘Accounts Receivable (Note $) ‘Stools and Ore on Leach Pads (Note 6) ‘Material and Supply laventoces (Note 5) ‘Marketable Securities (Note 4
Slide 5: Consolidated Statement of Operations
CAPITAL GOLD CORPORATION (CONSOLIDATED STATEMENT OF OPERATIONS (Ga thousands, except for share and per share amounts) Por The Year Ended Revennics ‘Sales — Gold, net (Costs and Expenses: (Costs Applicable to Sales Deprecistion and Amortization General and Administrative Explorstion Toul Costs nd Exp
Slide 6: Consolidated Statement of Stockholders' Equity
Balance at aly 31,2007 ested) Options and warrants ‘Sed for serzes Private placement net (coin det aorel fersce prided iaeeetriees edd July 31, 2008 Gg fae ae Pomeeeiits Uameatzat iss on ieee uit aduntuet Eom feo tation ‘oral comprehensive Balance a uly 31,2008 ested (CAPITAL GOED CORPORATION ‘CONSO
Slide 7: Consolidated Statement of Stockholders' Equity
Balance at ly 31,2008 Equity based sotpensation ‘Gonmon stock iesied spon the exerising of options end wees Teauance of restited sonmon stock [Net income forthe year sued July 31,2009 (Change in fir value on later ate sae Unrealized lors oa marketable vectties Eguiy adjustment from foreign reney ‘wa
Slide 8: Consolidated Statement of Stockholders' Equity
CAPITAL GOLD CORPORATION \SOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (Ga thousands, except for share and per share amounts) Accumulated Other Total Common Stock Comprehensive Deferred Stockholder’ Shures income(Loss) _ Compensation Equity Balance at Suly 31, 2009 4846800 365.905) 319) $35,768 Fguit
Slide 9: Consolidated Statement of Cash Flows
CAPITAL GOLD CORPORATION CONSOLIDATED STATEMENT OF CASH FLOWS (Ga thousands, except for share and per share amousts) (Cosh Flow From Operating Activites: ‘er Income Adjustuents to Reconcile Net Loss to ‘Net Cash Provided by Operating Activities Depreciation and Amortization ‘Anartizaion of Defered F
Slide 10: Consolidated Statement of Cash Flows - Continued
CAPITAL GOLD CORPORATION (CONSOLIDATED STATEMENT OF CASH FLOWS ~ CONTINUED (Ga thousands, excep fr share and per share amounts) (Coch Flow From Financing Activities: Proeeds from Aft, net Repaymnenis on Credit icity Proceeds From Issuance of Common Stock ‘Defered Finan Coste ‘Net Cash (Used in)Provi
Slide 11: Notes to Consolidated Financial Statements
‘CAPITAL GOLD CORPORATION ‘NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JULY 31,2010 (in thoussade, except for per share and ounce amon) NOTE 1 -Basis of Prescatation Capital Gold Comporaton (°Captal Gold”, “the Company”, ") was incorporated in Febmusry 1982 jn the State of Nevada. During March 2008,
Slide 12: Note 2 - Prior Year Restatement
‘NOTE 2—PRIOR YEAR RESTATEMENT {In connection with completing the consolidated inncial statements as of July 31, 2010, the Company determined tha t had previously incomeetly ‘anslated the earying value af is property and equipment as part of is consolidating procedures. This eror resulted in both an
Slide 13: Accounts Receivable and Marketable Securities
Accounts Receivable Accounts ssceivable represents azscunts de it not yet reecived fiom customers upon sales of precious metal, Marketable Seemriies “Tae Company secomnt forts investment in marketable sexes in aesordance with ASC guidance for Investaente—Debt and Equity Seeuties, Management dstemnin
Slide 14: Inventories and Property, Plant and Mine Development
Precious Metals mentors Precious metals inventories include gold doré andr gold bullioa, Precious metals thet revul from the Couspany's mining and procesing activities are valu at the svarage cost ofthe respective ineprocess inventories incurred pri othe refining process, plus applicable refining co
Slide 15: Reclamation and Remediation Cost
‘Reclamation and Remediation Cost (“Asset Retirement Obligations Reclamation costs are allocated to expense over the life ofthe related assets and are periodically adjusted to reflect changes in the estimated present value reuling fom the passage of tie and revisions t the esinates of either the tim
Slide 16: Revenue and Foreign Currency Translation
Reveaues from by-product sales, which consists of silver, are credited 10 Casts applicable to sales as a by-product credit. By-product sales amounted 10 $1,400, $1,076 and $707 for the fiseal years ended July 31, 2010, 2009 and 2008, respectively, Fonsign Cusncy Translation Asters and lnbltiee of th
Slide 17: Stock options and warrants
Such options aad warrants may be exercisable at varying exereise prices cumently ranging Gomi $1.40 to $3.73 per shae of common stock, Cerin of these srmts are exercisable inmediately upon grat while others vest. Certain arants have vested or are vesting over a period of between three and five years
Slide 18: Unvested stock option balances
avested stock option balances for employees a Jy 41, 2010, 2000 and 2008 are as fllows: ‘Ourstanding at uly 31,2007 Options grated Options vested Unvested Options ‘Outetanding a July 51, 2008 Options grated Options vested ‘Uavested Options outstanding st July 31, 2009 Options granted Options vested
Slide 19: Non-employee option and warrant activity
‘Stock option and warrant activity for nou-enployees during the yeas ended July 31, 2010, 2009 and 2008 areas follows ‘Worrats and optious outstanding ot July 31, 2007 Options expired ‘Warrants and options outstanding at uly 31, 2008 Options granted ‘Warrants and options exercised Options expired Op
Slide 20: Equity based compensation impact
“The impact on the Company's results of operations of recerding equity based compensation forthe fiscal years ended July 31, 2010, 2009 and 2008, {for employees and non-enoployees was approximately $994, $894 and $987 and reduced earnings per share by $0.02, $0.02 and 80,02 per basic and died ‘share
Slide 21: Interest rate swap agreements
‘The Company entered into interes rite swap agreements in scsondance with the tems of ts eet city, which requires thet the Company hedge at last 0 percent of the Company"s oustanding debt under this facility. The agreements entered into cover $9,375 or 75% ofthe oustanding debt. Both saps ‘covered t
Slide 22: Fair Value Measurements
Fair Value Measurements {a January 2010, the ASC guidance fr fir value measurements and disclosure was updated to require additonal disclosures related to: i transfers in suid out of level 1 aod 2 fair value measurements andi) enhanced detail in the level 3 reconsiliation. The guidance was amended t
Slide 23: Marketable Securities, Inventories and Leach Pads
NOTE 4-Markstble Securities “Marketable securities are classified as curent atets and are summarized ae fll Maetble equity eee. at cost “Marketable enuty securities, at fair value (ee Notes 13) [NOTE 5 — Material and Supplies Inventories ‘Matera, supplies and other Teal [NOTE 6 Ore on Leach Pads and
Slide 24: Other current assets and depreciation
(Gathousands) July 31, July 31, 2010 “ons Value added txto besefnded gg 8 Note vecivable— 30 : “Loam receivable afte 15 3 Ober : 10 ‘Depreciation expense fo the fiscal years ended July 31,2010, 2009 and 2008 was sppreximtely $2 884, $1,998 und $1,820, respectively NOTE 9Intangible Assets “Intangible
Slide 25: Intangible Assets
Purchised intangible assets consisting of rights of way. water rights, ad easements, ete. are caried at cost less accumulated amortization Amortization is computed using the straight-line method over the economic lives ofthe respective asses, generally five years or using the UOP method. It isthe Co
Slide 26: Investment Agreement with MRS
‘The consummation of the Investment Agreement was contingent upon MRS mecting certsin sequremeats, including requzements with respect t is budget, busiaess plan, secoring the eaployaaeat of its founders and securing rights to ceria tectology, lathe event thatthe lavestment Agreemiest would not ‘be c
Slide 27: Accumulated Other Comprehensive Income
[NOTE 13 ~ Accumulated Other Couprchensive lacome _Accunmulsted other compreeasive incoune (los) consists of foreign translation gains and losses, unrealized gains snd losses on matlab securities ‘and fst value changes on devivative instruments and s summarized as fellows Change in fair Acenmnlated
Slide 28: Stockholders' Equity
NOTE 15 - Stockade’ Equity Common Stock _At vavions sages inthe Company's development shares ofthe Company's coon soc: have hse ised ot fir market vale in exchange for services of property recived with a comesponding chase to operons. property and equipment or additional pin expt depenting on the na
Slide 29: NYSE Euronext listing and restricted shares
(On February 1, 2010, the securities of Capital Gold Corporation were approved by the NYSE EURONEXT LLC (the Exchange") for ising and segisteation, Rectrcted Shares (On December 20,2007, at the recommendation ofthe Compeasstion Committe ofthe Board of Directors the Company's exzentive officers, rect
Slide 30: 2007 stock option grants
On December 20, 2007, at the recommendation of the Compensation Committee of the Board of Directors, the Company's executive officers, dlrestors and employees. Gifford Ditere, John Brownlie, Christopher Chipnin, Jeffiey Prichard, Soot Haclit, lan Shaw, John Postle, Mark Nesbit, Roget Newell, Rabert
Slide 31: 2010 stock option grants
‘On Janwary 19,2010, athe reeommendation of the Compensation Committes of the Board of Drestors the Company” Board of Ditestors approved the iesuance of 500,000, $0,000, $0,000, $0,000 aud 37.500 options to Join Brownlie, Leonard J, Sojka, Joka Cutler, Steptien Cooper and Trey Wasser, respectively,
Slide 32: Equity Incentive Plan administration
‘The Plan is administered by the Compmy's Boant of Directors which has delewated the administration to the Company's Compensation ‘Committse. The Plan prvides for Awards to be made to sich ofthe Companys enployses,direstors and consultants and is sffiliates as the Board may select. Stock options awa
Slide 33: Equity Incentive Plan summary
Information resanting tbe employee and noc-employée options approved by the Compensation Commitee under the Equity Incentive Pla forthe ficeal yeas ended July 31, 2010, 2009 and 2008 is sumunarized below: 2010 2009 2008 Weighed Wager Average Averse Bnerse ‘Beerse Shases Option Price Puce __Shares_ O
Slide 34: Credit Facility covenants
The Credit Facility contains covenants customary for term note, including but not Linited to restictions (subject to certain exceptions) on incuring suditional. debt, creating liens on its properry, declaring or paying dividends, disposing of any asses, merping with other companies and making any in
Slide 35: Debt covenants and principal payments
|As of July 51, 2010, the Company was ia complionce with all debt covenants and defult provisions. The accounts of Caborca Industral ae not sujet to the debt covenants and dealt provisions 1 March 2006, the Company entered into 2 gold price protection trangement to protect it against future Auctasti
Slide 36: Engagement Agreement with COO
(On October 28, 2008, the Company entered into an Engagement Agreement with Joba Browule, our Chief Operating Officer. The agreemeat supersedes a May 12,2006 criployment agrccaicat beeen sand Me Brownlic Parsuaut tothe Engagesscat Agreement, Mr Brownlie serves as out Chief Operating Ofver and receiv
Slide 37: Amended engagement agreements
‘On Mich 18,2010, athe recommendation ofthe Compensation Commitae nd upon eppmoval by the Boa of Directors, effetive Tamuasy 19, 2010, the Company entered into amended and restated engigement agreemenss with Chrisionlier Chipman, Chief Finacial Officer, snd J. Scot Hizkn, Vice President af Mine Deve
Slide 38: Change of Control definition
‘A “Change of Control" is deemed to occur on the easier of (1) the date any person is ar becomes the beneficial owner of securities representing 30% or sore ofthe voting power of tie Company’s then outstanding securities: (2) the date on which the following individuals cease for any reason to consti
Slide 39: Agreement with former CEO
(Op March 11,2010, the Company entered into an agreeweot wih Gifford A. Dieter, the Chief Executive Officer ("CEO") of the Company and Chairman of the Boord, pursant to which Mr. Dieterle resigned his position as CEO wnd Chaim of the Bowed, effective March 18, 2010, Pursuant tothe sgreement, Mr, Dic
Slide 40: Fair value hierarchy
‘The Company's cach equivalent inrumens are clasified within Level 1 ofthe fiir vali hierarchy because they are valued sing quoted market prises ‘The cash instruments that are Valued based on quoted market prises inactive markets are primatily money market seeuities. The Company's marketable eqity s
Slide 41: Derivative contracts reconciliation
‘The following is a reconciliation ofthe derivative contrasts reganing the Company” Gold Price Protection agrecient; (Go thousands) Liability balance ae of fly 31, 2008 $i 35 [Loss on shange in fair vale of desivative 1975 ‘Net eas setlements ens Liability balance ns of ly 31, 2009 8 s [Loss on chan
Slide 42: Effect of Derivative Instruments
‘The Company is exposed to ereit loess in the eveat of non-performance by counteparics to these interest sate swap agreements, but the Company docs not expect auy of the counterparties to fail to meet their obligations. To mage credit sks, the Company selects cousterpartes based ou credit ratings, l
Slide 43: Fair Value of Derivative Instruments
Fair Value of Derivative Insiraments in a Statement of Financial Postion and the Effect of Derivative Instniments on the Statement of Financial Performance (i thousands): Tinbily Desvatives Talo Balance Shee Eacation Farah Desivatives designated as hedging iacirmeat Tiere derivatives Other Linbiies
Slide 44: Accrued Expenses
‘NOTE 21 ~ Acemued Expenses Acerted expenses cousis af the fallen: [Net smelter sete Mining contract Tngome ta payable Urlties Interest Legal and professional Salaries, wanes and related benefits Severance Othe Liabiltics July 31, 2009 Tir 30 so7 Ls a bs
Slide 45: Income Taxes
NOTE Inco Tasos “The Companys income tax expense coasted of ‘United States Foreign Tosa ‘The Companys income tax expence difered fom the ants compte by applying the United States stattory cosprate income tax nt forthe following reasons Income before income US stamtory corporate monte tae eae (inthou
Slide 46: Deferred income tax assets and liabilities
Components ofthe Company's defered income tax assets Qisbilities) areas follows [Net deferred income tx acset (liabilities), non-curent “Remeiition and reclemation cass Net operating losses ‘Depreciation and amontization ‘Valuation allowances [Net defetred income rx isbilitis,eurent= Ss Gems GB S928
Slide 47: Net operating losses and commitments
For income tax purposes in the United States, the Company had available net operating lee eamforwaede ("NOL") as of July 31. 2010, 2009 and 2008 ‘of $35,833, $27,912 and $22,179, respectively to reduce future federal tenable income. If any of the NOL's are not utilized, they will expire at various d
Slide 48: El Charro and unaudited quarterly data
Eiclano Jn May 2008, the Company aoquired rights tothe El Charo concession for approximately $20 and a royalty of 1.5% of net smelter retur, The ‘Conspany asxtred the El Charro concession beets it canine «now gold cestrretce and is surrounded entirely by the Company's other concessions, [NOTE 24 Una
Slide 49: Segmented Information
‘NOTE 28 - SEGMENTED INFORMATION Information s reported on a geographic bss, and therefore the Companys operating segments ae represented by operations inthe U.S. and ‘Mexieo. Revene derived fom the ale of gold “The following ae the operating resis by segment: Mexico us Joly 31,2010 A a OAT $n S$ a
Slide 50: Business combination employment agreement
1m connection with the consunmation of the Business Comiinitio, the Company entered into separte exployment agreement with Colin Suiherland, the former CEO and President of Nayarit to became the Presiden ofthe Company’ The agreement has aa intial one year term. which automatically renews inks either
Slide 51: Valuation assumptions
Stock pice s an Post eavesion strike pice S$ 428-3992 ‘Average expected volatility 0% Dividend yield None ‘Average rfl interest ite 020% <Averase contract ferm 79 yeas. ‘Black-Scholes average vale per warant and option 3 ost ‘The expected volatility of Capital Gold's stock price is based onthe avera
Slide 52: Purchase price allocation
A single estimate of fie value results fom a complex sevice of judgments about future events and unversities and relies heavily on estimates and assumptions. The Company's judgments sad to determine the estimated ihr value asigned to each class of assets acquired snd Tabltes assumed, as wll a5 ‘set
Slide 53: Nayarit Commitments
NAYARIT COMMITMENTS “Nayant through its wholly-owned subsidiary, Nayarit Gold de Mexico, S.A. de C:V; (“Nayarit Mexico”) fats the exshasive ight to explore and, ay the case muy be, exploit the “La Estella” (tile 195009) mining concession. For tae exploration rights of La Estrella, Nayarit Mexico has
Slide 54: Legal Proceedings
LEGAL PROCEEDINGS 1 October 4, 2010, Walter Eat! Jenkins and Jonathan Sehuosier, each represented by the sme law frm, fled identical lawsuits against Capital God its dsectors and Gammon Goldin New York Suprenie Court claiming, asiong other this. thatthe directors of Capital Gold breached their idosi
Slide 55: Reconciliation of US GAAP to Canadian GAAP
NOTE 28 ~ Reconciliation of United States Generally Accepted Accomsting Principles to Canadian Generally Accepted Accounting Principles Capital Gold. prepared its consolidated financial statements én accordance with accounting principles generally accepted in the United States of Amenica ("US GAAP")
Slide 56: Liabilities and Stockholders' Equity
LIABILITIES AND STOCKHOLDERS’ EQUITY (Current Liabilities: “Accounts Payable “Accrued Expenses Derivative Contracts Deferred Tax Liability Current Postion of Long-term Debt @ Total Cusrent Liabilities, Reclamation and Remediation Liabilities Other Liabilities ‘Non-Cusrent Deferred Tax Liability Long
Slide 57: Form 10-Q Quarterly Report
UNITED STATES SECURITIES AND EXCHANGE COMMISSION ‘Washington, D.C. 20849 FORM10-9 [@ QUARTERLY REPORT PURSUANT TO SECTION 13 08 15(@) ‘OF THE SECURITIES EXCHANGE ACT OF 1934 For he qual period caed Tansy 31, 2011 oR 1D TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(@) ‘OF THE SECURITIES EXCHANGE ACT
Slide 58: Financial Statements
Wein 1. Financial Statements “The accompaaying financial eatements are unandited for the interim periods, ht inckide all adjustments (consisting only of soem scouring adjustments, which Wwe Consider necessary forthe fiir presentation ofresuls forthe three and sx months ended Jmuary 31,2011. ‘Moresve
Slide 59: Condensed Consolidated Balance Sheet
CAPITAL GOLD CORPORATION (CONDENSED CONSOLIDATED BALANCE SHEET (ithoussnds, xcept for share and per share amounts) ASSETS (Cumrent Assos: ‘Cash and Cash Equivalents ‘Ore om Leach Pads (Note 6) ‘Material and Supply Inventories (Note §) Marketable Series (Ste 4) “Prepaid Expenses Otier Cuteat Asete (N
Slide 60: Condensed Consolidated Statement of Operations
CAPITAL GOLD CORPORATION (CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS. (UNAUDITED) Gnthousan, exept for sare and per share amioasts) For The Thee Mots Ended 31 aT Revenies Seles Gold, net s 8 (Costs aa Expenses: ‘Cons Applicable o Sales 7.678 4005 Deprecition and Amerson 030 ‘oa General aid Adnin
Slide 61: Condensed Consolidated Statement of Operations
CAPITAL GOLD CORPORATION (CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) (Ga thousands, exept for share and per share anonunis) Reve Seles Gold net (Costs and Expenses (Costs Applicable to Sales Total Costs and Expenses Income fom Operations (Other Income (Expense Interest Income Tateres
Slide 62: Consolidated Statement of Stockholders' Equity
(CAPITAL GOLD CORPORATION. CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY ‘Ga thousands, excep fr sare and per share amon) Acute ‘Coun See Baha ACG Coupee Ses ou ope Deter emery Bate aay, 200, sasees 9 a ee ee) Soy ned cone et of eet “nas - ‘tat 5 Soman catia 08 ca Race the mati ended ar S20 = z bs
Slide 63: Condensed Consolidated Statement of Cash Flows
(CAPITAL GOLD CORPORATION (CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) (Gathousands, excep for share aod per share aout) Foc The Six Moaths Ended Say 51 FD Toe (Cash Flow From Operating Activites: Netlacome 3 sam $ sat “Adjsimentso Reconcile Ne ncometo ‘Net Cash Provided by Operating
Slide 64: Condensed Consolidated Statement of Cash Flows - Continued
CAPITAL GOLD CORPORATION CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS — CONTINUED (Ga thousands, excep far share snd pe share amounts) (Cash Flow From Fisting Activites: Repaymcut fom Aliiate net Pojnent of Detered Finance Costs Repayments on Notes Payable Proceeds From Isuice of Cammoa Stock ‘Net
Slide 65: Notes to Condensed Consolidated Financial Statements
CAPITAL GOLD CORPORATION "NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED) (Go thousands, except fr per share and ounce amounts} NOTE 1 - Bass of Presentation Capital Gold Comporation ("Capital Gold”, “ube Company”, "we" ot "as") was incorporated in February 1982 a the State of Nevada
Slide 66: Summary of Significant Accounting Policies
‘NOTE 2~ Summary of Significnt Accousting Policies -ResetlyIsued Accounting Pronouncements aie Valne Measnements In January 2010 the ASC guidance fr fix vale mesurements and disclosure as ape to reqienddtoon disclosures related os) eases in ‘and out of vel 1 su 2 ie luc easement sd) ealaced dtl i he
Slide 67: Stock option assumptions
‘Six montis ended antary 31. 2 an Expected volatility Tease TER iskeffe interest te Tage 76% 248% “Expected dividend yield f a Expected Ble S year, Soyear Porfeitre ite - e Sock option snd activin’ for employes diag the Hcl years caded July 5, 2010 and 2009, and si moat ended Jaunary 31,2011 area fl
Slide 68: Unvested stock option balances
vested stock: option balances fo employees at Jamary 31,201] ares fallows ‘Wavested Options Outing at uly 31,2008 Options grented Options Nested ‘Uaested Options cunstading at ly 31,2000 Options granted Options vested Options expired ‘Uavested Options oustanding at iy 31,2010 Optica grated pions ves
Slide 69: Non-employee option and warrant activity
Stock option and warrant activity for momenplayees during the years cave July 31,2010 and 2000, ad six mon ended Facuary 31,2011 are a flows Weighted Weighted renee sveage | eaang cece comttucted. «Aggregate Number afopsoes “pace eon ens) Jeo alae ‘Warrants and options eteanng at July 5, 2008 305780
Slide 70: Equity based compensation impact
‘The impact on the Company's rests of operations of recording equity based compensation fr the six montis ended Jamsay 31,2011 and 2010, for cuployees and uou-employees was approximately $201 snd $848. The Company is not ecogaized any tax benefit or expense for the six months ended Tngry 3, 2011 td
Slide 71: Other Current Assets, Property and Equipment, Goodwill
[NOTE 7 Other Curent Assets ‘Other curent ests cous ofthe following: ‘Vale edd ran tobe refed Note reveivable— Nayarit ‘MRS reveivable Lome reserve —afilite epost Ofer Total Other Curent Assets NOTES ~ Property ond Equipment Property and Equipment consist ofthe following: Process exnipment and fits
Slide 72: Note 10 - Intangible Assets
NOTE 10-fntnsible Asses Intangible assets consist ofthe following: — Water Riis 30 Reforestton fee m ‘Nokilization Payment io Miners Cenracor 7 Investment in Fat of Way. 1s Toul I 7 ‘Acsumulted Amortization 166) 139) “aengible sees ast ios Ff 70 Purchased intmable ssets cussing of rights of way, wat
Slide 73: Asset Retirement Obligations
The following is reconciliation ofthe ist for loug-tena Asst Retrntent Obligations fr the ix mats ened Tacuary 31,201 (Gn thowsans) Balance as of Joly 31,2010 S273 ‘Adluions cles in estinutes and other “308 ‘Acct expense 8 ‘Balance a of Imisry 3, 2011 8 NOTE 13 ~ Acctmulated Other Comprehensive Inco
Slide 74: Stockholders' Equity
[NOTE 15 Stockholder’ Equity Common Stock ‘The Compaay received proceed of approximately $358 during the six months ended Tanuary 31,2011 fiom the exexcsing of an aggregate of 101.209 ‘options The Company also issued 5.328 share apon the cashless exerssing oF options daring the six mons ended any 1,
Slide 75: Equity Incentive Plan administration
‘The Plan ie adadaisered by the Companys Board of Dicectre which ha delegated the adminiswation to she Company's Compensation (Comauines. The Pln provides foe Awad tobe sande to such of the Company's employees, dirctors and constants snd ts aflates as the Bowed ay selest Stock options swarded under
Slide 76: August 2010 option grants
(a August 18,2010, a the eeconapendation ofthe Compensation Commitee of the Boanl of Dicer, the Company's Boat of Dircioes approved ‘He issuance of 175.000, 175,000 ad 75,000 options to Steph Cooper, Joi Caer aad Gary Huber respectively. egpreqatig 425.000 sock options unr our 2006 Equity Incentive
Slide 77: Term Loan terms
“Term Loes piacipal sll be rp gusty Payments commenced on Septniber 80,2008 and concied of four pjnca athe mount of 1.128. followed by eight pajaets in the amount of $900 and ovo fal payaents a the aman! of 400. Thee iso prepaymeat fee, Principal under the Tens Loa shal en ners at nate pr annaen equ
Slide 78: Future principal payments and interest rate swap
‘Furr principal paymcats on the tem ona ae as Sllows (a thousand Fiscal Years Ending Joly 31, 2011 m2 8 2200 “00 ———er 7) NOTE 17- Sales Cocracts, Commodity mod Fitencia Tasrumets Interest Rate Sap Agreement 0x October 11,2006, rior t ou iil drm onthe Credit Areernent, the Company entered int a intr
Slide 79: Effect of Derivative Instruments
“The Effect of Derivative Intnents onthe Statement of Financial Position (in thousands): Effective Amouat effete Leto Desivatives in Cas Rents Lovston of Remote —Revlsnfed «= Reales, of Quarter Flow Fledging Resognized Reslasified rom AUC] fromAOC! —Resogized —_‘Ineffestive Ended Relaionsups oct to
Slide 80: Income Taxes
NOTE 19 Income Taxes ‘The Company's Income (los) before income tnx forthe three and sic mons ended consisted of: iathoussads) Ga thousends) For The Three Monts Ended Foe The Six Months Ended Tasmary 31, January 31, January 31, Tansary 31 a 20 in 201d ‘United tates Ss G66) 5 GAINS Gains Gam Foreign 1
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Slide 126: Schedule C - Nayarit Gold Interim Financial Statements
SCHEDULE C Nayarit Gold Inc. (AN EXPLORATION STAGE COMPANY) INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2010 AND 2009 (UNAUDITED) (Expressed in Canadian Dollars) C-1 Nayarit Gold Inc. (An Exploration Stage Company) Interim Consolidated Financial Statements
Slide 127: D-2
D-2
Slide 128: D-3
D-3
Slide 129: D-4
D-4
Slide 130: D-5
D-5
Slide 131: D-6
D-6
Slide 132: D-7
D-7
Slide 133: D-8
D-8
Slide 134: D-9
D-9
Slide 135: D-10
D-10
Slide 136: D-11
D-11
Slide 137: D-12
D-12
Slide 138: D-13
D-13
Slide 139: D-14
D-14
Slide 140: D-15
D-15
Slide 141: D-16
D-16
Slide 142: D-17
D-17
Slide 143: D-18
D-18
Slide 144: D-19
D-19
Slide 145: D-20
D-20
Slide 146: D-21
D-21
Slide 147: D-22
D-22
Slide 148: Schedule E
SCHEDULE E E-2
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E-3
Slide 150: E-4
E-4
Slide 151: E-5
E-5
Slide 152: E-6
E-6
Slide 153: E-7
E-7
Slide 154: E-8
E-8
Slide 155: E-9
E-9
Slide 156: E-10
E-10
Slide 157: E-11
E-11
Slide 158: E-12
E-12
Slide 159: E-13
E-13
Slide 160: E-14
E-14
Slide 161: Pro forma adjustments and other disclosures