strength to build the future -...
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Investor PresentationBank of America – Merrill Lynch 16th Annual Mining Conference 2010September 9 – 10, 2010
Strength to Build the Future
David Garofalo, president and chief executive officerJohn Vincic, vice president of investor relations and corporate communications
2 August 2010
Forward Looking InformationThis presentation contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes but is not limited to information concerning the company’s ability to develop its Lalor project and 777 North expansion, the ability to maintain a regular dividend on its common shares and the ability to obtain a listing on the New York Stock Exchange, the ability of management to execute on key strategic and operational objectives, the ability to meet production forecasts, the potential impact of changing economic conditions on HudBay’s financial results and the company’s strategies and future prospects. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", “understands” or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results “will”, "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies).
Many of these assumptions are based on factors and events that are not within the control of HudBay and there is no assurance they will prove to be correct. Factors that could cause actual results or events to vary materially from results or events anticipated by such forward-looking information include the ability to develop and operate the Lalor project on an economic basis, geological and technical conditions at Lalor differing from areas successfully mined by Lalor in the past, the ability to meet required solvency tests to support a dividend payment, and in accordance with anticipated timelines, risks associated with the mining industry such as economic factors (including costs of construction materials, future commodity prices, currency fluctuations and energy prices), failure of plant, equipment, processes and transportation services to operate as anticipated, including new and upgraded facilities at Lalor, dependence on key personnel, employee relations and availability of equipment and skilled personnel, environmental risks, government regulation, actual results of current exploration activities, possible variations in ore grade, dilution or recovery rates, permitting timelines, capital expenditures, reclamation activities, land titles, and social and political developments and other risks of the mining industry, as well as those risk factors discussed in the company’s Annual Information Form dated March 30, 2010, which risks may cause actual results to differ materially from any forward-looking statement.
Although HudBay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. HudBay undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of HudBay, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.
3 August 2010
Forward Looking InformationLalor Project
HudBay's production decision with respect to Lalor was not based on the results of a pre-feasibility study or feasibility study of mineral resources demonstrating economic or technical viability, because significant portions of the deposit are not able to be classified as a mineral reserve until they can be accessed from underground for additional drilling. Because of this, the production decision was based on mineral resources identified to date and estimates of potential grades and quantities of the gold zone and copper-gold zone, along with other available information, including cost estimates and portions of the engineering design, which have been completed to a level suitable for inclusion in a feasibility study.
The preliminary assessment respecting HudBay’s Lalor project is preliminary in nature, includes inferred mineral resources and potential grades and quantities of minerals that are considered too speculative geologically to have the economic considerations applied that would enable them to be classified as mineral reserves and there is no certainty that the preliminary assessment will be realized. Among the risks associated with the decision to commence production at Lalor is the possibility that the gold zone will not be economically or technically viable, construction timetables, cost estimates and production forecasts may not be realized.
Qualified PersonThe Lalor mineral resource and conceptual estimates were prepared by Brian Hartman, M.Sc. P.Geo., HBMS geologist under the direct supervision of Robert Carter, B.Sc. P. Eng., HBMS superintendent, mines and technical services. Mr. Carter is a qualified person within the meaning of NI 43-101, and has reviewed and approved the scientific and technical information referred to in this presentation.
4 August 2010
Investment Highlights• Operational Excellence
• Cash costs of negative US$0.49 per pound of zinc sold in Q2 2010
• 1,400 employees with an average of 23 years of service
• ISO14001 and OHSAS 18001 certified for environment, health and safety
• 155 million tonnes from 26 mines discovered over 80 years in Northern Manitoba
• Financial Strength• Nearly $1 billion in cash and no debt
• Lalor and regional growth opportunities fully financed
5 August 2010
Investment Highlights• Growth Potential
• Lalor go ahead expected to nearly double annual gold production
• Emerging "mid-tier level" gold production and undervalued resources
• Reed Lake and other prospects provide potential growth in Northern Manitoba
• One of the largest exploration budgets in Company's history of $42 million in 2010
• Management Strengthened to Pursue New Opportunities• SVP Corporate Development hired• Chief Operating Officer and SVP Business Development appointed
• NYSE Listing and Inaugural Dividend• Diversifying shareholder base to improve valuation
• Dividend reinforces capital allocation discipline
6 August 2010
Strong Financial ResultsStrong Financial Results
2010 2009 2010 2009
Three months endedJune 30
Six months endedJune 30
Revenue Net earningsEBITDA1,2
Operating Cash Flow1,3
Earnings per share
($000s except per share amounts)
1EBITDA and operating cash flow before changes in non-cash working capital are considered non-GAAP measures. See "Non-GAAP Performance Measures" in our Management's Discussion and Analysis for the quarter ending June 30, 2010.2EBITDA represents earnings before interest expense, taxes, depreciation and amortization, gain/loss on derivative instruments, exploration and interest and other income.3Before changes in non-cash working capital.
191,85113,27369,70741,027
0.09
197,65789,41528,59828,865
0.58
432,17136,832
153,151100,098
0.24
359,44185,45744,09142,837
0.56
7 August 2010
Operating Highlights - Production
Zinc tonnesCopper tonnesGold troy oz.Silver troy oz.Cash Costs per pound of zinc sold2
2010 2009 2010 2009
Three months endedJune 30
Six months endedJune 30Production
(contained metal in concentrate)1
24,96112,12321,002
235,106US($0.49)
16,86711,03622,610
210,236US($0.05)
40,10323,84041,012
428,091US($0.37)
36,75723,89543,968
457,652US$0.14
1Metal reported in concentrate is prior to refining loses or deductions associated with smelter terms2Cash cost per pound of zinc sold is considered a non-GAAP measures. See "Non-GAAP Performance Measures" in our Management's Discussion and Analysis for the quarter ending June 30, 2010.
2010 Guidance
75-90,00045-55,000
85-100,000800-900,000
8 August 2010
Strong Financial Position
148.9 millionShares Outstanding
0Long Term Debt
At June 30, 2010
Cash Position $911.8 million
Working Capital $923.6 million
Annualized Dividend Yield 1.8%
SELF-FUNDING FOR THE LALOR PROJECTAND FLEXIBILITY TO PURSUE OTHER GROWTH OPPORTUNITIES
9 August 2010
North and Central America Locations
Snow Lake Chisel North MineConcentratorLalor Project
Flin Flon777 & Trout Lake MinesConcentratorZinc Plant Toronto
Head OfficeZinc Oxide Plant
MichiganBack Forty Deposit
GuatemalaFenix Project
10 August 2010
AmiskLake
AmiskLake
ReedLake
ReedLake
NN
25 km25 km
Flin FlonFlin Flon
Snow LakeSnow Lake
Flin Flon Greenstone BeltFlin Flon Greenstone Belt
Hwy #39Hwy #39
Hwy #10Hwy #10
777 Mine777 Mine
Trout Lake MineTrout Lake Mine
Flin FlonOre ConcentratorZinc plant
Snow Lake Ore Concentrator
LalorDeposit
LalorDeposit
Reed Lake Deposit
Reed Lake Deposit
Cold Lake/Lost Lake Deposits
Cold Lake/Lost Lake Deposits
Chisel North MineChisel North Mine
11 August 2010
Chisel North
• 100%
• 2012
• $56.51
• -
• 4,800 tonnes
• -
Manitoba Mines
777: Flagship Mine
• 100%
• 2020
• $33.42
• 9,400 tonnes
• 16,300 tonnes
• 20,000 ounces
1 Contained metal in concentrate
Ownership
Life of mine
Q2 mining Cost/tonne ore
Q2 Production1:
• Copper
• Zinc
• Gold equivalent
Trout Lake
• 100%
• 2012
• $61.70
• 2,900 tonnes
• 3,800 tonnes
• 4,900 ounces
12 August 2010
Full Commitment to Lalor Development (100% Owned)• Accelerated $560 million construction program with first
production in second quarter of 2012
• Exploration upside at Lalor remains significant
• Aggressive exploration program is ongoing
Ramp Development
20102010 20112011 2012201220092009 20132013 20142014 20152015Q3Q3 Q4Q4Q2Q2Q3Q3 Q1Q1Q4Q4 Q3Q3 Q4Q4Q2Q2Q1Q1 Q3Q3 Q4Q4Q2Q2Q1Q1 Q3Q3 Q4Q4Q2Q2Q1Q1 Q3Q3 Q4Q4Q2Q2Q1Q1 Q3Q3Q2Q2Q1Q1
Shaft Development
Construction of ramp Initial production via ramp
Shaft construction Fullproduction via shaft
13 August 2010
Cu-Au
25
21
26
27
24
Gold Exploration Platform
1000m
500m
40
10
11
203031
750m
1250m
Early Production
Cu-Au zone
Looking N70oW0m 250m
Ramp from Chisel
Base Metal Resource
Gold Potential Mineral
Proposed Development
Zn Rich
Au Rich
Vent RaisesProduction Shaft
DUB-270
4.8m 7 g/t Au, 21 g/t Ag, 4.8% Cu
1500m
Copper - Gold Potential Mineral
Gold Inferred Resource
14 August 2010
Strong Projected Zinc Growth1
0
50,000
100,000
150,000
200,000
2010 2011 2012 2013 2014 2015 2016
Zinc
Pay
able
Min
e P
rodu
ctio
n (to
nnes
)
1Includes forecast production from existing mines together with Lalor and the 777 North expansion
50%
15 August 2010
Strong Projected Precious Metals Growth2
0
50,000
100,000
150,000
200,000
250,000
2010 2011 2012 2013 2014 2015 2016
Paya
ble
Gol
d E
quiv
alen
t Pro
duct
ion
(Oun
ces)
1Includes forecast production from existing mines together with Lalor and the 777 North expansion2Silver converted to gold equivalent at 60:1 ratio Includes existing mines, Lalor (including from inferred resources and conceptual gold and gold-copper zones) and 65% of Back Forty project
Nearly 100%
16 August 2010
2009 Gold Equivalent Production
0100200300400500
Minefin
dersHudB
ay 20
09Ja
guar
MiningAuriz
on Mine
sAlam
os Gold
HudBay
2016
EGam
mon G
old
Semafo
Golden
Star R
esour
ces
Thou
sand
Oun
ces
1
1Includes forecast production from existing mines together with Lalor (including from inferred resources and conceptual gold and gold-copper zones) and the 777 North expansion
17 August 2010
HudBay Gold Inventory
ReservesMeasured & Indicated Resources
Inferred Resources
Conceptual Estimates
Au (g/t)
14,546,900
21,800,000
12,892,100
6,900,000 –8,300,000
Tonnes
2.01
1.81
2.92
4.69 –5.60
Ag (g/t)
27.47
27.14
29.77
21.7 –25.57
1,153,744
1,331,636
1,368,623
1,120,000 –1,600,000
Contained Au Equivalent (oz)
- Silver converted to gold equivalent at 60:1 ratio- Includes existing mines, Lalor and 65% of Back Forty project
18 August 2010
AmiskLake
AmiskLake
ReedLake
ReedLake
NN
25 km25 km
Flin FlonFlin Flon
Snow LakeSnow Lake
Flin Flon Greenstone BeltFlin Flon Greenstone Belt
Hwy #39Hwy #39
Hwy #10Hwy #10
777 Mine777 Mine
Trout Lake MineTrout Lake Mine
Flin FlonOre ConcentratorZinc plant
Snow Lake Ore Concentrator
LalorDeposit
LalorDeposit
Reed Lake Deposit
Reed Lake Deposit
Cold Lake/Lost Lake Deposits
Cold Lake/Lost Lake Deposits
Chisel North MineChisel North Mine
19 August 2010
Leveraging Opportunities in the Greenstone Belt
• Initiating development of 777 North (100% owned)
• $20 million approved by Board
• Drilling at Reed Lake to advance to development stage
• Ongoing exploration on Halo’s Lost and Cold Properties
OPTIMIZING NORTHERN MANITOBA
20 August 2010
The Back Forty Project – Overview
Back Forty Deposit(NW of Stephenson, MI)Back Forty Deposit(NW of Stephenson, MI)
• Joint venture with rights to earn up to a 75% interest
• Advanced exploration-stage VMS zinc deposit with gold credits
5.60.530.62.18.5M&I
4.40.241.72.91.2Inferred
Back Forty Mineral Resources
Tonnes (millions)
Au (g/t)
Ag (g/t)
Cu (%)
Zn (%)
21 August 2010
Progress at The Back Forty Project (65% owned)
• Updated NI 43-101 mineral resource estimate expected by year end 2010
• Mine permit application to State of Michigan expected in Q4 2011
• New exploration program in project area
• Outlining the potential expansion of the known resource at depth
• Testing the on-strike potential of the resource
• Testing new targets generated from airborne and ground geophysical surveys
CURRENT EXCELLENT DRILLING EXPECTED TO LEAD TO UPGRADED RESOURCE
22 August 2010
Growing Internationally: The Fenix Nickel Deposit
FenixFenix
• Brownfield mine and smelting facility
• Proven process technology • ~50 million lbs of annual nickel
production
• Multi-decade mine life with upside potential
1.9236.2M&I
1.809.7Inferred
Fenix Mineral Resources
Tonnes (millions)
Ni (%)
23 August 2010
Advancing the Fenix Project• Low technical risk, good logistics, potential for very long mine life
• Seeking to mitigate social, financial and political risks
• Pursue strategic partner and JV opportunities
• Seek limited recourse project financing
• Update feasibility study by year end 2010 results
• Drilled 7,000 meters to date; approved exploration program to drill additional 5,000 meters
24 August 2010
Focused Acquisition Strategy• Expanded management capacity to consider development
stage opportunities
• Focus on the Americas but will consider other mining favourable jurisdictions
• Seeking VMS or porphyry deposits
• Target transaction size of between 10 – 20% of market cap
• Strategic partnerships to leverage grassroots exploration
25 August 2010Targeting 115,000 meters of drill core in 2010
Flin Flon Greenstone Belt• Outstanding record of success • Developed 26 mines over past 83 years• Land package totaling > 400,000 hectares
$20 million
Lalor• Devoted to further exploration$8 million
Mines in Manitoba & outside the Province• Invested in brownfield exploration• Exploration at existing mines$14 million
26 August 2010
Historical Context
The mineral resource estimate for Lalor is made up of 13.3 million tonnes of indicated resources and 10.2 million tonnes of inferred mineral resources, not including 6.9 – 8.3 million tonnes of conceptual estimates.
Initial resourceAdded resource
0 5 10 15 20 25 30
62.5⁄⁄
Tonnes (millions)
Growth of mineral deposits: Discoveries in the Greenstone Belt
MandyNorth StarBirch Lake
FlexarCuprus
Ghost & LostPhoto
RodDickstone
White LakeCoronation
Chisel PitWestarm
CentennialSchist Lae
SpruceKonuto
AndersonOsborne
ChiselCallinan
Chisel U/GStall Lake
Lalor777
Trout LakeFlin Flon
27 August 2010
Near term milestones
• Ongoing exploration at Lalor and various JV properties
• NI 43-101 resource estimate at Reed Lake in early 2011; production decision to follow
• Fenix feasibility study by year end 2010 results
• New drilling program, updated resource estimate in late 2010 and environmental application submitted at Back Forty by Q4 2011
28 August 2010
Investment Highlights
• Operational Excellence
• Financial Strength
• Growth Potential
• Management Strengthened
• NYSE Listing and Inaugural Dividend
Strength to Build the Future
For more information contact:
John Vincic, VP of Investor Relations and Corporate CommunicationsTel: 416.362.0615Email: [email protected]
30 August 2010
APPENDIX
31 August 2010
Appendix Contents
• Lalor mineralization and copper-gold drill intersections
• Reserves and Resources
32 August 2010
0.460.4730.64.75.4Inferred
8.870.6624.91.613.3Indicated
9.250.5826.21.34.8Inferred
Gold Zone Inferred Mineral Resource
Base Metal Zone Mineral Resource
Tonnes (millions)
Au (g/t)
Ag (g/t)
Cu (%)
Zn (%)
Potential Gold Zone Conceptual Estimate 5.1 – 6.1 4.3 – 5.1 23 – 27 0.2 – 0.4 0.2 – 0.4
Potential Copper-Gold Zone Conceptual Estimate 1.8 – 2.2 5.8 – 7.0 18 – 22 3.2 – 4.0 0.2 – 0.3
Lalor Mineralization
The Lalor gold zone and copper-gold zone potential mineral deposit estimates are conceptual in nature and to date there has been insufficient exploration to define a mineral resource compliant with National Instrument 43-101. It is uncertain if further exploration will result in the target deposit being delineated as a mineral resource. Additional detail may be found in HudBay’s press release dated August 4, 2010, available at www.sedar.com.
33 August 2010
Lalor Copper-Gold Drill Intersections HOLE From To Core
Length meters(1)
East meters
North meters
Depth meters
Au g/t Ag g/t Cu% Zn%
DUB252W01 1140.00 1149.12 9.12 2110 5604 -1128 12.54 26.67 3.69 0.18
and
DUB252W01 1176.00 1189.39 13.39 2102 5607 -1166 8.08 15.33 1.60 0.12
DUB263W02 1253.08 1287.62 34.54 2271 5762 -1253 13.35 27.98 5.33 0.35
includes
DUB263W02 1256.03 1265.84 9.81 2273 5762 -1244 20.48 53.86 10.26 0.65
DUB263W02 1265.22 1265.84 0.62 2272 5762 -1249 125.49 110.09 9.50 0.83
and
DUB263W02 1276.19 1279.61 3.42 2271 5762 -1260 63.86 89.96 13.48 0.93
DUB263W02 1276.19 1277.19 1.00 2271 5762 -1259 178.97 90.82 12.20 0.84
1. Intersection assays are a composite of assays calculated from interval weighted assays over the intersection length.2. Vertical thickness is estimated using the local dip of the zone and the orientation of the drill hole and is provided for projecting to a plan map.
34 August 2010
NOPEN DOWN PLUNGE
* DUB266 – Assays Pending.No notable Cu mineralization.
* DUB246DPN – Assays Pending- No notable Cu mineralization
•DUB249DPN – 0.80m Previously released: Dec. 17, 20092.40 g/t Au
18.88 g/t Ag0.91 % Cu0.02 % Zn
* DUB263W05 – 30.94m Previously released: Dec. 17, 20099.62 g/t Au
29.01 g/t Ag6.46 % Cu 0.40 % Zn
DUB263W02 – 34.54m Previously released: Sept. 22, 200913.35 g/t Au (DISCOVERY HOLE)27.98 g/t Ag
5.33 % Cu0.35 % Zn
DUB263W03 – 32.78m Metallurgical wedge – Previously released: Dec. 17, 200911.75 g/t Au35.36 g/t Ag
5.89 % Cu0.43 % Zn
LEGEND
Lalor Cu-Au Zone – Plan View
0 50m 100m
DDH Collar
DDH Trace
Intercept Point
No notablemineralization
SCALE:
* DUB263W04 – 0.36m9.87 g/t Au
28.00 g/t Ag1.86 % Cu0.31 % Zn
DUB263/DUB263W01 – No notable mineralizationW01 is deepening of DUB263
DUB252W02 No notable mineralization
DUB252 – 0.75m6.41 g/t Au
13.81 g/t Ag0.11 % Cu0.09 % Zn
Favo
rabl
e
Ta
rget
A
rea
Favo
rabl
e
Ta
rget
A
rea
* DUB265 – Assays Pending. No Notable Cu mineralization.
* 8 holes completed of 9 hole program GOLD ZONE - Lens 27
Potential boundary of favorable target area
Date: February 22, 2010
* DUB265W01 – 6.44m11.70 g/t Au30.63 g/t Ag
6.88 % Cu 0.37 % Zn
* DUB246W01 – 3.35m5.25 g/t Au
15.26 g/t Ag3.58 % Cu 0.15 % Zn
DUB252W01 – Previously released: Sept. 22, 2009
DUB252W03 – Previously released: Oct. 8, 2009
DUB189 – Previously released March 3, 2008
BHPEM Conductor
Off hole In hole
Previously released:Dec. 17, 2009
35 August 2010
Estimated Mineral Reserves – January 1, 2010Mine Tonnes Au (g/t) Ag (g/t) Cu% Zn (%)
777
Proven 4,492,000 2.12 25.92 3.23 3.76
Probable 9,061,600 2.05 30.18 1.94 4.88
Trout Lake
Proven 701,500 1.06 11.97 2.10 3.10
Probable 292,400 1.31 4.57 2.29 2.16
Chisel North
Proven 276,500 - - - 8.64
Probable 257,800 - - - 8.06
Total Proven 5,470,000
Total Probable 9,611,800
Total Reserves 15,081,800
Please refer to HudBay’s Annual Information Form and Management’s Discussion and Analysis for the year ended December 31, 2009 and applicable technical reports in respect of the properties filed on SEDAR for further information.
36 August 2010
Estimated Inferred Mineral Resources – January 1, 2010
Mine Tonnes Au (g/t) Ag (g/t) Cu% Zn (%)
777 1,413,400 1.8 30.9 1.1 4.7
Trout Lake 108,700 0.8 3.1 2.4 0.8
Chisel North 62,900 - - - 7.7
Total 1,585,000
Please refer to HudBay’s Annual Information Form and Management’s Discussion and Analysis for the year ended December 31, 2009 and applicable technical reports in respect of the properties filed on SEDAR for further information.
Inferred resources diluted, recovered and economically tested.
37 August 2010
Reserves and Resources – HudBay Minerals• To estimate mineral reserves, measured and indicated mineral resources were first estimated by a 12-step process,
which includes determination of the integrity and validation of the data collected, including confirmation of specific gravity, assay results and methods of data recording. The process also includes determining the appropriate geological model, selection of data and the application of statistical models including probability plots and restrictive kriging to establish continuity and model validation. The resultant estimates of measured and indicated mineral resources are then converted to proven and probable mineral reserves by the application of mining dilution and recovery, as well as the determination of economic viability on a fully costed basis using historical operating costs. Other factors such as depletion from production are applied as appropriate. Long term metal prices, excluding premiums, used to determine economic viability of the 2009 mineral reserves were US $700 oz. gold, US $12.00 oz. silver, US $2.00 lb. copper and US $0.85 lb. zinc.
• Estimated inferred mineral resources within HudBay mines were estimated by a similar 12-step process, used to estimate measured and indicted resources. The inferred mineral resources tabulated above and contained in HudBay mines are compliant with the requirements of NI 43-101 and additionally have had dilution and recovery applied and have been economically tested on a fully costed basis using the same historical costs and long term metal prices as those used for the estimation of mineral reserves.
• The 2009 estimated measured and indicated mineral resource and the estimated inferred mineral resource were prepared under the supervision of Kimberley Proctor, B.Sc., P.Geo, who is employed by Hudson Bay Mining and Smelting Co., Limited (HBMS), a wholly-owned subsidiary of HudBay, as Superintendent, Mining Technical Services and who is a Qualified Person under NI 43-101. The 2009 estimated mineral reserve and the estimated diluted, recovered and economically tested inferred mineral resources have been prepared under the supervision of Robert Carter, B.Sc., P.Eng., who is employed by HBMS as Senior Mines Analyst and who is a Qualified Person under NI 43-101.
• Please refer to HudBay’s Annual Information Form and Management’s Discussion and Analysis for the year ended December 31, 2009 and applicable technical reports in respect of the properties filed on SEDAR for further information.
38 August 2010
The Back Forty Project – Mineral Resources January 12, 2009
Source: Aquila Resources Inc. (“Aquila”) Mineral Resource Statement(1) for the Back Forty Deposit, Michigan, U.S.A., SRK Consulting, January 12, 2009, as set forth in Aquila’s January 15, 2009 press release entitled “Aquila provides updated mineral resource at Back Forty” available at www.sedar.com.
Investor PresentationBank of America – Merrill Lynch 16th Annual Mining Conference 2010September 9 – 10, 2010
Strength to Build the Future
David Garofalo, president and chief executive officerJohn Vincic, vice president of investor relations and corporate communications