canadian gold outlook

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Canada

Canadian Gold Outlook

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Canada

The End of the World

US economic activity picking up – trillions later

Unemployment 10%, highest since 1983 Washington controls housing, mortgages,

car companies, Wall Street and now healthcare

Foreign capital paying the bills Commodities, gold, wine etc outperform

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By the Numbers:Just How Much Debt Is Too Much

$70 Trillion World Economy GDP$500 Trillion Global Derivatives, Seven times world’s GDP$51 Trillion Credit Default Swaps, CDOs, SIV, conduits etc in

circulation$11.3 Trillion US debt$12 Trillion Price tag to bailout Wall Street$5.4 Trillion Fannie & Freddie – mortgages held + guaranteed$4 Trillion Obama’s budget spending up 32%$1.68 Trillion Deficit 13% of GDP$1 Trillion Credit Card Loans$18.4 billion Wall Street Bonuses$34,000 Fed. Tax owed by Secretary of the Treasury Geithner

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What Does One Trillion Dollars Look Like?

$100 million fits Neatly on a standard pallet...

Ladies and gentlemen....I give you $1 trillion dollars.....

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New Economy Really Debt Economy

New Economy Manufacturing jobs overseas Artificially low interest rates Wall Street – shadow banking system

Debt Economy Consumer household debt – 131% of GDP US budget deficit 13% of GDP Total debt 370% of GDP Wall Street debt 120% of GDP

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Top Gold Holders

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Mine Supply Estimate

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Canadian Mining

Ontario and Quebec account for 40% of spending

World-class gold deposits produced 180 million ounces of gold or 5,300 tonnes of gold

World’s largest greenstone belt (volcanic, intrusive)

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Region ProjectsMexico 210Ontario 176Nevada 135Quebec 119British Columbia 80

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Toronto – Mining capital of the world

TSX is the 8th largest Exchange in the world

1400 mining issues59 new listing YTD$18.5 billion raised YTD123 International Mining companiesBarrick Gold market cap $34.23

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Barri

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Newm

ont

Gold

Fiel

ds

Poly

us

Harm

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Lihir

Gold

Agni

co-E

agle

Yam

ana

New

Eldo

rado

IAMG

OLD

Buen

aven

tura

Pete

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bro

Rand

gold

New

Gold

Eldo

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Cent

erra

Zhao

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Sino

Gol

d

Red

Back

3926 (138.5)

2410(85.0) 2285

(80.6)2257(79.6)

1415(49.9)

675(23.8) 513

(18.1)502

(17.7) 360(12.7)

357(12.6)

337(11.9)

329(11.6)

306(10.8) 215

(7.6)215(7.6)

164(5.8)

150(5.3)

145(5.1)

125(4.4)

Reservestonnes (Moz)

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Gold

Fiel

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Harm

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Poly

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Lihir

Gold

Yam

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IAMG

OLD

Agni

co-E

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Buen

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New

Eldo

rado

Rand

gold

New

Gold

Eldo

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Sino

Gol

d

Red

Back

2829(99.8)

1916(67.6)

6503(229.4)

3657(129.0)

2472(87.2)

1015(35.8) 870

(30.7) 689(24.3)

601(21.2)

567(20.0)

533(18.8) 417

(14.7)34612.2)335

(11.8)329

(11.6)289

(10.2)204(7.2)

198(7.0)

150(5.3)

M&I Resourcestonnes (Moz)

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Canada 23

Barri

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Newm

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Gold

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IAMG

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Cent

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gold

Red

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d

209.79(7400)

150.25(5300)

103.73(3659)

44.71(1577) 38.64

(1363) 33.17(1170)

32.72(1154)

31.13(1098) 25.97

(916) 20.04(707)

15.88(560)

15.08(532)

13.58(479)

13.18(465)

10.80(381)

9.41(332)

8.73(308)

8.16(288)

5.67(200)

2009E Productiontonnes (000 oz)

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Canada 24

Pete

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Zhao

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Buen

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Lihir

Red

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Sino

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Cent

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IAMG

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gold

New

Gold

Gold

Fiel

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Harm

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278 282 311 317 351 358 385 394 412 425 429 446 450 462 475 476 481529

586

2009E Cash CostsUS$ per ounce

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Canada 25

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Gold

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New

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Gold

Rand

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Eldo

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IAMG

OLD

Harm

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Red

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Zhao

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New

Gold

43.6

25.8

9.0 8.5 8.1 7.0 6.6 5.8 5.1 4.8 4.4 4.3 4.0 2.3 2.2 1.9 1.5 1.4 1.3

Market CapitalizationUS$ billions