Unlocking Opportunities


February 2013

Cautionary Statement
This presentation contains “forward-looking statements” within the meaning of applicable Canadian securities regulations and Section 21E of the United States Securities Exchange Act 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 various risks 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 does not undertake any obligation to update forward-looking statements should conditions or management’s estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including gold and other commodity price volatility, political and operational risks, which are described in the Company’s Annual Information Form 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 43101 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. investors that 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. Disclosure of “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 or prefeasibility 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 article as 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 Canyon Property (April 27, 2012) and the Ketza River Project (June 28, 2011) which may be uploaded from the Veris Gold Corp. “Company Profile” link at http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098 CURRENCY: All monetary amounts refer to United States dollars unless otherwise specified.



Investment Highlights
 6,000 Tons/Day Roaster Mill at the Jerritt Canyon  Mine - Valuable Strategic Asset  Replacement cost of US$1 billion. No new roasters have been permitted in the past 12 years and none are planned.  Toll milling opportunities - numerous companies with refractory ore in Nevada and surrounding region.  The only roaster in Nevada and surrounding region with near-term excess capacity. Growing Resource and Reserve Base   Current Reserves of 1.06M oz, Measured and Indicated resources* of 1.26M oz, and Inferred resources of 748K oz, plus significant potential for resource expansion.   Historical track record of 105% conversion from Measured and Indicated resources to Proven and Probable Reserves.  Near term opportunity to upgrade approximately 500K oz of Inferred resources to reserves at the Mahala Basin in Q3/Q4 2013. Production Growth  Expected 2013 gold production depends on stockpile 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 an estimated US$1,015/oz Au in Q3 2012 and forecast US$975-$1,000/oz in Q4 2012, driven primarily 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 operating mining operations and companies. Capital Policy and Use Free Cash Flows  The use of free cash flows from operations will be reviewed by end of 2013 after reaching targeted production and cash flows.

* Please refer to Appendix



Capital Structure
Share Structure (as of November 9, 2012) Shares Outstanding Warrants – Total Options – Total Shares Fully Diluted 99,756,886 15,270,040
W.A. exercise price of $4.17 Expiry 24—30 months

Weighted Average exercise price of $2.98


Debt Instruments (as of September 30, 2012) Aug. 2011, Mar. 2012 US$140M
DB Gold Facility 169,320 oz Au to be delivered
Contract of 201,830 oz Au

Major Shareholders Orifer Sprott Asset Management Deutsche Bank Francois Marland

19.01% 11.91% 11.38% 8.79%

Jun. 2012 C$11M
Convertible Debt

11% interest, Dec. 2015 maturity
Conversion: Greater of $1.50/share and market price less 5%

Nov. 2010 Jan. 2012

Gold Forward Contracts



Experienced Team
Senior Management
Randy Reichert, M.Sc. P.Eng.
Co-CEO, COO, Director

25 years of industry experience, including COO of Colossus Minerals Inc., Oriel Resources Plc and Orsu Metals Corp, and over 5 years in Russia with Bema Gold and Kinross Gold Corporation as General Manager of Kupol and Julietta gold mines. He has also held positions in mining operations with Cominco Limited (now Teck Resources) 16 years accounting experience, beginning with Ernst & Young’s Vancouver mining and materials team 28 years mining industry experience. Constructed 18 fixed-price turn-key milling facilities during career 8 years mining industry experience, Patagonia Gold PLC, Colossus Minerals Inc., Orsu Metals Corp and Kinross Gold Corporation/Bema Gold. 22 years mining industry experience, Noranda, Battle Mountain Gold 27 years mining industry experience in Nevada

Shaun Heinrichs, BBA, CA, CPA (Illinois)
Co-CEO, CFO, Director

Graham Dickson, B.Sc. A.R.C.S
Executive SVP, Acquisitions & Corp. Development, Director

Stephen Ball
General Manager – Jerritt Canyon

Todd Johnson
VP Exploration

John Barta
Environmental Manager

Shaun Heinrichs Randy Reichert Graham Dickson Francois Marland (Executive Chairman) Robert F. Baldock Gerald Ruth Jay Schnyder Jean-Edgar de Trentinian Pierre Besuchet Simon Solomonidis Dr. Barry A. Goodfield



Jerritt Canyon Mine and Roaster Plant
 Jerritt Canyon - historical production of approximately 8 million oz gold (OP & UG) since 1981.  100% owned.  Fully permitted mill capacity of 6,000 tons/day. • Consent Decree completed except for some low risk waste rock remediation.  $210mm plant and mine refurbishment completed H1 2012 • $44mm gold facility and loan repayment • $28mm mining infrastructure and equipment • $26mm environmental projects • $23mm plant infrastructure • $19mm environmental bonding • $11mm Jerritt Canyon exploration expenditures • $10mm in performance reserve account • $49mm working capital and other  Positive cash flows reached in June 2012.  4,000 tons/day steady state production reached in June 2012.  Q4 2012 production of 35,042 ozs Au.



Production Sources & Targets
    Operations at Jerritt Canyon achieved positive cash flows and 4,000 tons/day steady state production in June 2012. Underground production ramp-up continuing with target completion Q3 2013 with Starvation Canyon coming online March 2013 and Saval 4 portal Q3 2013. Target 175,000 – 185,000 ozs in 2013 (depending on LG stockpile processing vs toll milling). Target of $825/oz cash cost by Q4 2013 (less after toll milling credits).
6000 18000 16000 5000 14000 Processed TPD Toll Milling Stockpile Starvation Canyon 8000 2000 SSX 6000 4000 1000 Smith 0 Jan-13 Smith SSX Apr-13 Starvation Canyon Jul-13 Stockpile Oct-13 Toll Milling Ounces per month 2000 0 Ounces per month 4000 12000 10000




 Smith underground mining restarted Q1/2010  1,200 tons/day targeted  Currently contract mined  Consider take back of mining operations in-house  SSX/Steer underground re-started in Q4/2011  In-house mining operation  1,200 tons/day targeted 2012  Transition to longhole mining  Increase to 1,500 tons/day with addition of Saval 4 zone in Q3/2013  Starvation Canyon  Permitted & under development  600 tons/day targeted  Considering in-house mining operation Underground Mining Rates and Gold Production
Mining Rate (tpd) Smith Mine SSX/Steer Mine Starvation Canyon Total 1,200 1,200 – 1,500 600 3,000 – 3,300 Estimated Annual Production (ozs) 65,000-75,000 75,000-85,000 ~45,000 175,000 – 185,000

Access to the Smith and SSX-Steer underground mines is through portals, with internal ramps maintained at grades of 12% to 15%. The mines generally follow a drift-and-fill method, operated by trackless equipment. Typical mine openings measure 15 x 15 to 20 x 25 feet in cross section. Each mine has its own operational batch plant located outside the mine portal. The backfill is a mixture of screened mine waste rock and cement.

 



Improving Production Costs
Cash Costs 2012 - 2013  Started mining SSX/Steer underground mine inhouse Q4 2011. Lower cost than contract mining @$80 - $90/ton. Transitioning SSX mining from 100% Drift and Fill to 50% Longhole Stoping, 50% Drift and Fill = cost @ $70/ton. Consider bringing underground mining operations at Smith mine in-house - currently $120/ton – potentially declining to $85/ton. Prospective toll milling agreement(s) to offset cash costs. Cost/oz comes down as production increases from Starvation Canyon.
$1,800 $1,600 $1,400 Cash Cost ($/oz) ($115 ) $1,200 $1,000 $800 $600 $400 $200 $Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 ($200 ) $650 Credit from Toll Milling

Projected Cash Costs After Toll Milling Credits
Historical Cash Cost









($250 )


Toll Milling Opportunity
  Roaster permitted capacity of 6,000 tpd (5,400 tpd factoring in availability). Jerritt underground production of 3,000 tpd from current mines leaving approximately 2,400 tpd for toll milling ore processing at full permit capacity. Current terms being considered for toll milling agreements include:  Start @ 1,500 tpd by Q2 2013 and up to 2,400 tpd of excess processing capacity by end of 2014.  Batch processing ores with metal delivered as recovered, or VGC to retain a portion of 3rd party gold as upside.  Structured similar to smelter concentrate processing agreements.  Potential to initially generate $50 - $75mm, cash cost target of US$550/oz and ultimately as much as $125mm in annual revenue credit, with possible cash cost reduction to ~US$400 US$550/oz.



Toll Milling Potential
In addition to the following opportunities, there are numerous other projects in the region.
Refractory Projects in the region Company Newmont Allied Nevada NewGold Barrick Barrick Project Nevada Operations Hycroft Mesquite Cortez Goldstrike Production (koz Au per Year) 1,730 - 1,780 1 ~ 580 2 140 - 150 1 1,200 - 1,300 1 1,250 - 1,300

Toll Milling Opportunity

Total Resources (koz Au) 34,650 8,341 5,534

5,372 2,811


Great Basin
Atna Klondex Premier Gold

Pinson Fire Creek Cove

80 - 100 2
100+ 1 N/A 33 - 49 2

2,210 2,105 231




850 3



Note: 1. 2012E management guidance for production. 2. Project not yet in production; forecast based on most recent technical reports at steady state production rate. 3. Designed capacity for gold concentrate in Ktpa.



Jerritt Canyon Reserves & Resources
  NI 43-101 update completed on April 27, 2012 reserves increased by 46%. Historical track record of 105% conversion from Measured and Indicated resources to Proven and Probable Reserves. Near term opportunity to upgrade approximately 400 - 500K ozs of resources to reserves at the Mahala Basin. Significant potential to increase resources and reserves from 119 square mile land package. Resources & Reserves*
Tonnage (K tonnes)
Proven & Probable Measured & Indicated (Ex. Reserves)** Inferred 5,494.8 5,654.0 3,733.6

Grade (g/t)

Gold (koz)

6.00 1,060.8 6.95 1,258.4 6.24 748.4

** M&I resources as shown are adjusted to exclude P&P reserves and appear differently from M&I resources shown in the December 31, 2011, technical report. *Notes:

Historical reserves & resources
Reserves (koz)
3500 3000 Ozs. Au (000’s) 2500 2000 1500 1000 500 0 2003 2004 2005 2006 2007 2010 2011

• The December 31, 2011 reserve estimate was calculated using a gold price of $1,275US per troy oz, reflecting a three year trailing average gold price.

M&I Resource (koz)

Inferred Resource (koz)

• The December 31, 2011 Jerritt Canyon mineral reserves and resources were estimated by Mark Odell (P.E.) a consulting Mine Engineer. Mark Odell is considered qualified person as defined by National Instrument (NI) 43-101. • This resource estimate has been reviewed and approved by Todd Johnson of VGC who is the qualified person.

• NI 43-101 Technical Report dated April 27, 2012, which includes these results can be found on our website here: http://www.verisgold.com/i/pdf/Jerritt_43101_Technical_Report_YE2011.pdf



Resource Expansion & Exploration Opportunities
 Underground and surface exploration planned at both the Smith and SSX/Steer mines to expand resource and reserves organically. Exceptional recent drill results including Mahala Basin validate belief that new resources will be found nearby existing mines. Recent 2012 underground exploration intercepts 49.71 m grading 8.26 g/t Au and 42.39 m grading 7.89 g/t Au. Currently evaluating potential open-pit reserve additions within the existing pits. Good exploration opportunities at depths below 180m. Southern portion of claim block is highly prospective but virtually unexplored.
Jerritt Canyon Claim Block 119 sq. miles of claims

 






Deutsche Bank Gold Facility
 Since August 2011, two gold forward loans with Deutsche Bank (“DB”) have been implemented to raise gross proceeds of ~$140M USD, with $10M set aside in a reserve account. Proceeds from the gold loans have been used to retire existing indebtedness, fund capital expenditures at Jerritt Canyon and for general corporate purposes. Delivery of ounces to DB also results in a cash payment to VGC for spot price minus $850 for both facilities, up to a maximum spot price of $1,950 for the first gold loan (173,880 oz), and $1,750 for the second gold loan (27,950 oz). To date, deliveries have been ongoing.
38koz 115koz

Delivery Schedule (1)
DB Ounces Oz in Excess of DB Deliveries

Deal Structure
$2,000 $1,900 $1,800

200koz 190koz 190koz

$1,700 $1,600 $1,500 $1,400

$1,200 140koz

Max payment Received on Delivery to DB (US$1,100/oz)

Cash payment (US$/oz)

130koz 150koz

$1,100 $1,000 $900 $800 $700 $600 $500 $400 $300 40koz


Deemed Payment to DB’s (US$160/oz)



Initial Payment from DB (US$690/oz)

$100 $0





$120 M

1) Production forecast based on reserve mine plan, as per April 27, 2012, NI 43-101 Technical Report, Jerritt Canyon Property, Nevada, Elko County, USA. Qualified Persons: Mark Odell, Mine Engineer Consultant, Practical Mining LLC, P.E.



Jerritt Canyon Reserves & Resources
Jerritt Canyon Reserves and Resources: as of December 31, 2011 (Published on April 27, 2012) Tons (K tonnes) PROVEN & PROBABLE RESERVES: Proven Probable Proven & Probable 1,796.4 3,698.3 5,494.8 4,451.4 6,697.5 11,148.9 3,733.6 6.49 5.77 6.00 7.20 6.00 6.48 6.24 374.8 686.0 1,060.8 1,030.7 1,288.5 2,319.2 748.4 Grade (g/t) Contained Gold (K oz)

Measured Indicated Measured & Indicated Inferred
Notes: The December 31, 2011 reserve estimate was calculated using a gold price of $1,275US per troy oz, reflecting a three year trailing average gold price. The December 31, 2011 Jerritt Canyon mineral reserves and resources were estimated by Mark Odell (P.E.) a consulting Mine Engineer. Mark Odell is considered qualified person as defined by National Instrument (NI) 43-101. This resource estimate has been reviewed and approved by Todd Johnson of VGC who is the qualified person. NI 43-101 Technical Report dated April 27, 2012, which includes these results can be found on our website here: http://www.verisgold.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdf



2012-2013 Quarterly Production
  Production ramp-up continues after operations at Jerritt Canyon achieved steady-state production and positive cash flow in June 2012. Ramp-up continues through 2013 from ˜12,000 oz/m to 16,000 oz/m.

2012 - 2013 Gold Production

60.0 50.0



Gold Production (K ozs)

40.0 30.0 20.0 10.0 0.0 Q1 2012 Q2 2012 25.2





Q3 2012

Q4 2012

Q1 2013

Q2 2013

Q3 2013

Q4 2013





Jerritt Canyon: Production Overview
Jerritt Canyon historic and targeted production*
Historic Gold Production
450,000 400,000 Calendar Year Gold Production (ozs) 350,000 300,000

Targeted Gold Production

Average Gold Production (1987-2003)
450000 400000 Calendar Year Gold Production (ozs) 350000 300000

200,000 150,000 100,000 50,000 0 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

200000 150000 100000 50000 0

* Estimates are based on as per April 27, 2012, NI 43-101 Technical Report, Jerritt Canyon Property, Nevada, Elko County, USA, and are approximate.



West Mahala Surface Drilling 2011



2013 Starvation Canyon Underground Mine Design


Scale In feet


Jerritt Canyon Mine Grid



Ketza River Project, Yukon Territory

Ownership Location Infrastructure Mining Method

100% owned (purchased in 1997)

Tonnage (K tonnes) 167.8 2,212.3 2,380.1 453.7

Grade (g/t) 5.38 5.46 5.46 4.62

Gold (koz) 29 389 418 67

Near Ross River, Yukon Territory 340-tpd CIL circuit, a camp and related facilities Combination of underground mining & open pit mining

Indicated Measured & Indicated Inferred

*NI 43-101 Technical Report dated June 28, 2011 which includes these results which can be found on our website here: http://www.verisgold.com/i/pdf/2011_06_28_KetzaRiver_NI_43_101.pdf

Historical Production
Au Production
60 $433 Au Production (koz) 40 $395 $414 $400


Previous production, currently in environmental review repermitting stage

Cash Cost





0 1988 1989 1990





Cash Cost ($/oz AU)

Current Ketza River Work
 Socio-Economic Participation Agreement signed April 2012.

  

Community and First Nations consultation meetings.
Type A water license application for the existing tails. 2011 drill program including 4,402m of drilling. Installation of a replacement camp completed July 2011.
Tailings Pond Mill, truck shop & warehouse

Main camp & Office buildings

Core Library



Share Structure
Shares Outstanding Basic Fully Diluted 99,756,886 119,897,554

Warrants Outstanding (000)

Exercise Price

Expiry Date

Option Outstanding (000)

Exercise Price

Expiry Date

4,000 3,908 2,010 670 Total 13,937

$4.40 $4.00 $3.00 $3.00 Weighted Average $4.28

Feb-2015 May-2015 Jun-2015 Oct-2015

3,432 20

$3.70 $16.00

Jul-2015 Mar-2013

Total 6,204

Weighted Average $2.99



Contact Information
Veris Gold Corp. Suite 900 – 688 West Hastings St. Vancouver, BC V6B 1P1 Canada Tel: +1 (604) 688 9427 Fax: +1 (604) 688 9426 www.verisgold.com Nicole Sanches Investor Relations Manager Email: nicole@verisgold.com



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