Finding and funding the next-generation of mining projects by Rob McEwen, McEwen Mining
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Transcript of Finding and funding the next-generation of mining projects by Rob McEwen, McEwen Mining
Rob McEwen Chairman & CEO
McEwen Mining
Finding, Funding & Filling Our Pockets Rob McEwen Chief Owner
Understand This! Gold is Money
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Source: Bloomberg. As of November 29, 2012
86%
85%
83%
81%
80%
76%
72%
68%
S. AfricanRand
US$
British Pound
Chinese RMB
Euro
Canadian $
Swiss Franc
Australian $
Massive Loss of Purchasing Power Major Currencies Relative to Gold April 2001 - Present
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Increasing Gov’t Debt Driving Gold Price April 2001 - Present
Source: Bloomberg. As of November 29, 2012 6
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Performance of Senior Gold Equities May 10, 2006 - Present
Gold Price +149%
Kinross Goldcorp Newmont Barrick AngloGold
Production +72% +55% -8% -15% -27% Share Price -18% +1% -19% 0% -43% Dividend Yield 1.6% 1.4% 3.0% 2.3% 0.7%
8 Source: Bloomberg. As of November 29, 2012
CEO Ownership
Source: Bloomberg. As of November 29, 2012 9
Exploration
CAN CREATE ENORMOUS VALUE!
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Life Cycle of a Mine
Explorer to World’s Largest Barrick Gold 1985 - 1994
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Power of a
Discovery!
14 Source: Bloomberg
Goldcorp Experience
Rob McEwen: Chief Owner (CEO)
+ Owns 25% MUX Market Value* Cost
+ Takes No Salary
+ Personally Back Stopping $60 Million Rights Issue
$270 Million $125 Million
*As of November 29, 2012
Example of Recognizing Value in Mineral Industry
Personal Investment Rubicon Minerals Invested May 2007
Sale October 2010
Net Gain
$11 Million
$190 Million
$179 Million
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Relative to Gold, Gold Equities are CHEAP! April 2001- Present
Source: Bloomberg. As of November 29, 2012 17
Opportunity to Buy is Now! Created by Recurring Political Event
Source: Bloomberg and CIBC World Markets, reported as of April 17, 2012 18
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