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  • 7/29/2019 Ver is Gold February 2013 Presentation

    1/24

    Unlocking

    Opportunitieswww.verisgold.com

    February 2013

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    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 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 variousrisks and uncertainties. Such forward-looking statements include, without limitation, (i) estimates and projections of future gold production and cash operating costs, (ii) estimates ofsavings 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 noassurance 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 theestimates 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 theCompanys 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 managements 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 Companys Annual InformationForm dated March 29, 2012 filed on SEDAR (www.sedar.com) as well as the Companys 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 ofthe U.S. Securities and Exchange Commission (SEC). Accordingly, theCompanys disclosure of mineral reserves in this Annual Report may not be comparable to information from U.S.companies subject to the SECs 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 ofmineral deposits in these categories will ever be converted into reserves. Mineral resources that are not mineralreserves do not have demonstrated economic viability. Disclosureofcontainedounces is permitted under Canadian regulations; however, the SEC normally only permits the reporting of non-reserve mineralization as in-place tonnage and grade.Inferredresources 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.

    http://www.sedar.com/http://www.sedar.com/http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098http://www.sedar.com/http://www.sedar.com/http://www.sedar.com/http://www.sedar.com/http://www.sedar.com/
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    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 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 surroundingregion 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

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    4www.verisgold.com

    Capital Structure

    4

    Share Structure(as of November 9, 2012)

    Shares Outstanding 99,756,886

    Warrants Total15,270,040

    W.A. exercise price of $4.17

    Expiry 2430 months

    Options Total 6,206,551Weighted Average exercise price of $2.98

    Shares Fully Diluted 121,233,477

    Major Shareholders

    Orifer 19.01%

    Sprott Asset Management 11.91%

    Deutsche Bank 11.38%

    Francois Marland 8.79%

    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

    Jun. 2012 C$11M

    Convertible Debt

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

    Nov. 2010

    Jan. 2012Gold Forward Contracts

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    5www.verisgold.com 55

    Experienced Team

    Senior ManagementRandy 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)

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

    16 years accounting experience, beginning with Ernst & Youngs Vancouver

    mining and materials team

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

    28 years mining industry experience. Constructed 18 fixed-price turn-key

    milling facilities during career

    Stephen BallGeneral Manager Jerritt Canyon

    8 years mining industry experience, Patagonia Gold PLC, Colossus Minerals

    Inc., Orsu Metals Corp and Kinross Gold Corporation/Bema Gold.

    Todd JohnsonVP Exploration

    22 years mining industry experience, Noranda, Battle Mountain Gold

    John Barta

    Environmental Manager

    27 years mining industry experience in Nevada

    Directors

    Shaun Heinrichs Robert F. Baldock Pierre Besuchet

    Randy Reichert Gerald Ruth Simon Solomonidis

    Graham Dickson Jay Schnyder Dr. Barry A. Goodfield

    Francois Marland (Executive Chairman) Jean-Edgar de Trentinian

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    6www.verisgold.com

    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.

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    Production Sources & Targets

    77www.verisgold.com

    Operations at Jerritt Canyon achieved positive cash flows and 4,000 tons/day steady state production inJune 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).

    Smith

    SSX

    Starvation CanyonStockpile

    Toll Milling

    0

    2000

    4000

    6000

    8000

    10000

    12000

    14000

    16000

    18000

    0

    1000

    2000

    3000

    4000

    5000

    6000

    Jan-13 Apr-13 Jul-13 Oct-13

    O

    uncespermonth

    ProcessedTPD

    Smith SSX Starvation Canyon Stockpile Toll Milling Ounces per month

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    Mining

    Access to the Smith and SSX-Steer undergroundmines 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 plantlocated outside the mine portal. The backfill is a

    mixture of screened mine waste rock and cement.

    Smith underground mining restarted Q1/2010 1,200 tons/day targeted

    Currently contract mined

    Consider take back of mining operationsin-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 additionof Saval 4 zone in Q3/2013

    Starvation Canyon

    Permitted & under development

    600 tons/day targeted

    Considering in-house mining operation

    8www.verisgold.com

    Underground Mining Rates and Gold Production

    Mining Rate (tpd)Estimated Annual

    Production (ozs)

    Smith Mine 1,200 65,000-75,000

    SSX/Steer Mine 1,200 1,500 75,000-85,000

    Starvation Canyon 600 ~45,000

    Total 3,000 3,300 175,000 185,000

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    Improving Production Costs

    Started mining SSX/Steer underground mine in-

    house 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.

    99www.verisgold.com

    $1,654

    $1,566

    $1,038

    $975

    $950

    $760

    $650

    $575

    ($115)

    ($200)

    ($250)

    $-

    $200

    $400

    $600

    $800

    $1,000$1,200

    $1,400

    $1,600

    $1,800

    Q1

    2012

    Q2

    2012

    Q3

    2012

    Q4

    2012

    Q1

    2013

    Q2

    2013

    Q3

    2013

    Q4

    2013

    CashCost($/o

    z)

    Cash Costs 2012 - 2013

    Credit from Toll Milling

    Projected Cash Costs After Toll Milling Credits

    Historical Cash Cost

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    Toll Milling Opportunity

    1010

    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.

    www.verisgold.com

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    In addition to the following opportunities, there arenumerous other projects in the region.

    Toll Milling Potential

    1111www.verisgold.com

    PINSON (ATNA)

    CORTEZ (BARRICK)GOLDSTRIKE (BARRICK)

    KLONDEX (FIRE CREEK)

    NV OPERATIONS (NEWMONT)

    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.

    COVE (PREMIER)

    HOLLISTER (GREAT BASIN)

    MESQUITE (NEW GOLD)

    HYCROFT (ALLIED NEVADA)

    Refractory Projects in the region

    Company Project Production Total Resources

    (koz Au per Year) (koz Au)

    Newmont Nevada Operations 1,730 - 1,780 1 34,650

    Allied Nevada Hycroft ~ 580 2 8,341

    NewGold Mesquite 140 - 150 1 5,534

    Barrick Cortez 1,200 - 1,300 1 5,372

    Barrick Goldstrike 1,250 - 1,300 1 2,811

    Great Basin Hollister 80 - 100 2 2,684

    Atna Pinson 100+ 1 2,210

    Klondex Fire Creek N/A 2,105

    Premier Gold Cove 33 - 492

    231

    Polymetal Mayskoye 850 3 4,800

    Toll Milling Opportunity

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    12

    Jerritt Canyon Reserves & Resources

    12

    Resources & Reserves*

    Tonnage

    (K tonnes)

    Grade

    (g/t)

    Gold

    (koz)

    Proven & Probable 5,494.8 6.00 1,060.8

    Measured & Indicated (Ex. Reserves)** 5,654.0 6.95 1,258.4

    Inferred 3,733.6 6.24 748.4

    www.verisgold.com

    0

    500

    1000

    1500

    2000

    2500

    3000

    3500

    2003 2004 2005 2006 2007 2010 2011

    Ozs.Au

    (000s)

    Historical reserves & resources

    Reserves (koz) M&I Resource (koz) Inferred Resource (koz)

    ** 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:

    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

    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.

    http://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdf
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    13www.verisgold.com

    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

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    Appendix

    1414www.verisgold.com

  • 7/29/2019 Ver is Gold February 2013 Presentation

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    Deutsche Bank Gold Facility

    1515www.verisgold.com

    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.

    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.

    38koz

    60koz 60koz

    40koz

    77koz

    140koz130koz

    150koz115koz

    200koz

    190koz 190koz

    2012 2013 2014 2015

    DB Ounces

    Oz in Excess of DB Deliveries

    $0

    $100

    $200

    $300

    $400

    $500

    $600

    $700

    $800

    $900

    $1,000

    $1,100

    $1,200

    $1,300

    $1,400

    $1,500

    $1,600

    $1,700

    $1,800

    $1,900

    $2,000

    $120 M

    Cashpayment(US$/oz)

    Initial Payment from DB

    (US$690/oz)

    Max payment Receivedon Delivery to DB

    (US$1,100/oz)

    Deemed Payment to DBs

    (US$160/oz)

    Delivery Schedule (1) Deal Structure

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    Jerritt Canyon Reserves & Resources

    Jerritt Canyon Reserves and Resources: as of December 31, 2011 (Published on April 27, 2012)

    Tons

    (K tonnes)

    Grade

    (g/t)

    Contained Gold

    (K oz)

    PROVEN & PROBABLE RESERVES:

    Proven 1,796.4 6.49 374.8

    Probable 3,698.3 5.77 686.0

    Proven & Probable 5,494.8 6.00 1,060.8

    MEASURED & INDICATED (INCLUSIVE OF RESERVES):

    Measured 4,451.4 7.20 1,030.7

    Indicated 6,697.5 6.00 1,288.5

    Measured & Indicated 11,148.9 6.48 2,319.2

    Inferred 3,733.6 6.24 748.4

    1616www.verisgold.com

    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

    http://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdfhttp://www.verisgoldcorp.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdf
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    2012-2013 Quarterly Production

    1717www.verisgold.com

    Actual Targeted

    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

    13.2

    25.2

    35.5 35.0 36.0

    43.0

    48.0 48.0

    0.0

    10.0

    20.0

    30.0

    40.0

    50.0

    60.0

    Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013

    G

    oldProduction(Kozs)

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    0

    50000

    100000

    150000

    200000

    250000

    300000

    350000

    400000

    450000

    0

    50,000

    100,000

    150,000

    200,000

    250,000

    300,000

    350,000

    400,000

    450,000

    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

    CalendarYearGoldProduction(

    ozs)

    CalendarYearGoldProduction

    (ozs)

    Jerritt Canyon historic and targeted production*

    Historic Gold Production Targeted Gold Production Average Gold Production (1987-2003)

    1818www.verisgold.com 1818

    Jerritt Canyon: Production Overview

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

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    West Mahala Surface Drilling 2011

    1919www.verisgold.com

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    2013 Starvation Canyon Underground Mine Design

    2020www.verisgold.com

    N

    0 100Scale In feet

    Jerritt Canyon Mine Grid

    7110

    7140

    Portal

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    21

    Ketza River Project, Yukon Territory

    21

    Ownership 100% owned (purchased in 1997)

    Location Near Ross River, Yukon Territory

    Infrastructure

    340-tpd CIL circuit, a camp and

    related facilities

    Mining MethodCombination of underground

    mining & open pit mining

    Status

    Previous production, currently in

    environmental review re-

    permitting stage

    Resources*

    Tonnage

    (K tonnes)

    Grade

    (g/t)

    Gold

    (koz)

    Measured 167.8 5.38 29

    Indicated 2,212.3 5.46 389

    Measured & Indicated 2,380.1 5.46 418

    Inferred 453.7 4.62 67

    *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

    17

    39

    37

    $433$395 $414

    $0

    $200

    $400

    $600

    0

    20

    40

    60

    1988 1989 1990

    CashCost($/ozAU)

    AuProduction(koz)

    Historical Production

    Au Production Cash Cost

    www.verisgold.com

    http://www.verisgoldcorp.com/i/pdf/2011_06_28_KetzaRiver_NI_43_101.pdfhttp://www.verisgoldcorp.com/i/pdf/2011_06_28_KetzaRiver_NI_43_101.pdfhttp://www.verisgoldcorp.com/i/pdf/2011_06_28_KetzaRiver_NI_43_101.pdf
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    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.

    22www.verisgold.com

    Core

    Library

    Mill, truck shop &

    warehouseMain camp & Office

    buildings

    Tailings Pond

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    Share Structure

    23www.verisgold.com

    Shares Outstanding

    Basic 99,756,886

    Fully Diluted 119,897,554

    Option Outstanding

    (000)Exercise Price Expiry Date

    2,752 $2.00 Mar-2015

    3,432 $3.70 Jul-2015

    20 $16.00 Mar-2013

    Total Weighted Average

    6,204 $2.99

    Warrants Outstanding

    (000)Exercise Price Expiry Date

    3,349 $5.50 Mar-2013

    4,000 $4.40 Feb-2015

    3,908 $4.00 May-2015

    2,010 $3.00 Jun-2015

    670 $3.00 Oct-2015

    Total Weighted Average

    13,937 $4.28

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    24www.verisgold.com

    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: [email protected]

    http://www.verisgoldcorp.com/mailto:[email protected]:[email protected]://www.verisgoldcorp.com/