glen jones - intierra || latam ventures, mining in mexico pdac2012
TRANSCRIPT
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LATAM Ventures Roadmap to Investing
In Mexican Mining and Exploration
PDAC: Toronto March 7, 2012
Presented By: Glen Jones, Executive Director
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Business Intelligence for the Mining Sector
Intierra Live is the world’s premier tool for evaluating investment opportunities in the mining sector. It provides financial information that can be merged with resources and lease data, all of which is easily searchable and exportable for detailed analysis.
• +40,000 companies • 3,700 listed companies • Global lease coverage
• 34,000 active global projects • 53,000 total global projects • 160 commodities
Intierra Live covers:
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Business Intelligence for the Mining Sector
Intierra has recently:
Purchased Raw Materials Group
Bloomsbury Minerals Economics (now BME Copper)
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THE MINING INDUSTRY
IN MEXICO
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State of Play
NORTH AMERICASOUTH AMERICA
MEXICO
Exploration Adv. ExplorationPre-feas/Scoping Feasibility Study
Exploration Project Density
Mexico has the largest number of serious exploration properties per km of available ground, in all of the Americas
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Commodity
Annual Mine Revenue (US$
millions) 1.Silver 5,025
2.Gold 5,218
3.Copper 2,527
4.IronOre 1,586
5.Zinc 1,101
6.Lead 355
7.Molybdenum 328
Total 16,431
Mexico Resource GDP
Where does the mining revenue come from and from what commodities?
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Distribution of Active Projects Within IntierraLive
Status No. of Projects (%) Grass Roots 38.1 Exploration 33.0 Advanced Exploration 12.5 Pre-feasibility 4.1 Feasibility 1.4 Construction 0.6 Operating 9.6 Maintenance 0.6
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Listed companies: 277 TSX Venture: 160 TSX: 58
External Companies working In Mexico
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EXPLORATION DRILLING
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Mexico 2011 Drilling Activity
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RESERVES AND
RESOURCES
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Major Untapped Reserves and Resources
Mexico sits at 5th place amongst other American countries in terms of in ground value of assets which are not operating, when considering only major metals.
Value of untapped Copper + Gold + Silver + Zinc + Lead at 2011 prices and varying cut-off grades
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
Reso
urce
Val
ue (M
US$
)
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Recent Resource Estimates
Most Recent Highlights:
Levon Res.: Cordero; 1.1 Moz Au, 450 Moz Ag; 2011
GoldGroup/Dyna: San Jose de Gracia; 1.1 Moz Au, 2 M oz Ag; 2011
GoldGroup: Caballo Blanco; 0.994 Moz au, 4 Moz Ag; 2012
Silvercrest: La Joya; 51 Moz Ag; 2012
Silver Standard: Penasco Quemado; 9.6 Moz Ag; 2012
Past two years: 4.2 M oz. Au & 600 M oz. Ag
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In 2010 Mexico was top silver producer Mexico: 124.4 M oz. Peru: 113.2 M oz.
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FINANCIAL
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Current Status Capital
Expenditures Required
Expect Annual Sales Revenues
Pre-Feas/Scoping $7,588,620,000 $5,845,460,000
Feasibility Study $1,331,660,000 $921,160,000
Construction $1,171,520,000 $800,200,000
Newly Operating (after 2007) $1,944,990,000 $3,946,620,000
Grand Total (including new
mines) $12,036,790,000 $11,513,440,000
Mexico Capital Expenditure Pipeline
Projects currently under evaluation or construction would cost $10 billion
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Current CAPEX Requirements
Row Labels CAPEX Required Annual Revenues
Gold $4,737,810,000 $3,504,370,000
Copper $2,413,850,000 $1,982,530,000
Silver $1,642,100,000 $1,245,870,000
Molybdenum $663,200,000 $225,130,000
Gold/Silver $460,570,000 $480,440,000
Copper/Gold $330,510,000 $193,720,000
Zinc/Lead/Silver $55,080,000 $67,740,000
Grand Total $10,303,120,000 $7,699,820,000
Projects currently under evaluation or construction would cost $10 billion
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New Mine Capital Intensity
Locations of projects requiring capital investment
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RAISING CAPITAL THROUGH THE
EQUITY MARKET
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Use of proceeds 2011 Funds
Asset Acquisitions $24,883,000
Capital Expenditure $51,200,000
Development of Reserves $367,200,000
Exploration (Drilling) $133,400,000
Total Capital Raisings $576,600,000
Mexico Fundraising
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Use of proceeds 2011 Funds
Gold/Silver $224,400,000
Copper $156,800,000
Copper/Gold $83,200,000
Gold $57,200,000
Base Metals (Pb/Ag/Zn) $48,300,000
Industrials (Borate/Lithium) $7,000,000
Total Capital Raisings $576,600,000
Mexico Fundraising
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Projects Benefiting from Capital Raisings: 2010 & 2011
Exploration Funding Development Funding CAPEX Funding
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Intierra/SGM Partnership
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¾ Intierra partners with Geological Survey Department (SGM)
¾ Promote local mining opportunities to the rest of the world
¾ Mexican concession/claim data now accessed through Intierra Live
¾ Allows companies opportunity to purchase digital data
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Data in Intierra Atlas
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Thank You
For more information:
www.intierra.com
Or
Thank You