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Ver is Gold February 2013 Presentation

Ver is Gold February 2013 Presentation

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Published by Mariusz Skonieczny

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Published by: Mariusz Skonieczny on Feb 07, 2013
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UnlockingOpportunities
www.verisgold.comFebruary 2013
 
2www.verisgold.com
Cautionary Statement
This presentation contains
“forward
-looking
statements”
within the meaning of applicable Canadian securities regulations and Section 21E of the United States Securities ExchangeAct of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact herein including, without limitation,statements regarding potential resources and reserves, exploration results, production rates and future plans and objectives, are forward-looking statements that involve variousrisks and uncertainties. Such forward-looking statements include, without limitation, (i) estimates and projections of future gold production and cash operating costs, (ii) estimates of savings or cost reductions, (iii) estimates related to financial performance, including cash flow and capital expenditures, (iv) estimates and projections of reserves and resources, (v)estimates and opinions regarding geologic and mineralization interpretation and (vi) estimates of exploration investment and scope of exploration programs. There can be no
assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements, in particular the
estimates do not include input cost increases or gold price variations that could occur in future. Important factors that could cause actual results to differ materially from the
Company’s
expectations are disclosed in documents filed from time to time with Canadian regulatory authorities on SEDAR and with the U.S. Securities and Exchange Commission(SEC). Forward-looking statements are based on the estimates and opinions of management on the date the statements are made and, except as required by law, the Company doesnot undertake any obligation to update forward-looking statements should conditions or
management’s
estimates or opinions change. Forward-looking statements are subject torisks, uncertainties and other factors, including gold and other commodity price volatility, political and operational risks, which are described in the
Company’s
Annual InformationForm dated March 29, 2012 filed on SEDAR (www.sedar.com) as well as the
Company’s
other regulatory filings.
Cautionary Notes to U.S. Investors Concerning Reserve and Resource Estimates:
Proven and Probable Reserves
.
The estimates of proven and probable mineral reserves shown in this presentation have been prepared in accordance with National Instrument 43-101 of the Canadian Securities Administrators (NI 43-101). The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in Industry Guide 7 of 
the U.S. Securities and Exchange Commission (SEC). Accordingly, the
Company’s
disclosure of mineral reserves in this Annual Report may not be comparable to information from U.S.
companies subject to the
SEC’s
reporting and disclosure requirements.
Measured and Indicated, and Inferred Resources.
This presentation uses the terms
“measured
and indicated resources and inferred
resources”
. The Company advises U.S. investorsthat while these terms are recognized and required by Canadian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. Mineral resources that are not
“mineral
 
reserves”
do not have demonstrated economic viability. Disclosureof 
“contained
 
ounces”
is permitted under Canadian regulations; however, the SEC normally only permits the reporting of non-reserve mineralization as in-place tonnage and grade.
“Inferred
 
resources”
have a great amount of uncertainty as to their existence. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility orprefeasibility studies, except in rare cases. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally mineable.Todd Johnson (M.S.), VP Exploration with Veris Gold Corp. and a qualified person as defined by NI 43-101, has reviewed and verified the technical information contained in this articleas applicable. Much of the Technical information contained herein is taken from the two most recent NI 43-101 Technical Reports, Yukon-Nevada Gold Corp. for the Jerritt CanyonProperty (April 27, 2012) and the Ketza River Project (June 28, 2011)which may be uploaded from the Veris Gold Corp.
“Company
 
Profile”
link athttp://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098 CURRENCY: All monetary amounts refer to United States dollars unless otherwise specified.
 
3www.verisgold.com
Investment Highlights
6,000 Tons/Day Roaster Mill at the Jerritt CanyonMine - Valuable Strategic Asset
Replacement cost of US$1 billion. No newroasters have been permitted in the past 12years and none are planned.
Toll milling opportunities - numerouscompanies with refractory ore in Nevada andsurrounding region.
The only roaster in Nevada and surroundingregion with near-term excess capacity.
Growing Resource and Reserve Base
Current Reserves of 1.06M oz, Measured andIndicated resources* of 1.26M oz, and Inferredresources of 748K oz, plus significant potentialfor resource expansion.
Historical track record of 105% conversion fromMeasured and Indicated resources to Provenand Probable Reserves.
Near term opportunity to upgradeapproximately 500K oz of Inferred resources toreserves at the Mahala Basin in Q3/Q4 2013.
Production Growth
Expected 2013 gold production depends onstockpile vs toll milling, ramping up to 175,000
 –
185,000 ozs (not including toll milling).
Cash costs declining from average of approximately US$1,600/oz in H1 2012 to anestimated US$1,015/oz Au in Q3 2012 andforecast US$975-$1,000/oz in Q4 2012, drivenprimarily by increased throughput.
2013 cash cost target of $825 / oz.
Experienced Management Team
Senior management team with combined 90+years of experience in managing and operatingmining operations and companies.
Capital Policy and Use Free Cash Flows
The use of free cash flows from operations willbe reviewed by end of 2013 after reachingtargeted production and cash flows.
* Please refer to Appendix

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