November 2017 A Solid Foundation for a Promising Future
Cautionary Statements Forward-Looking Information This presentation contains statements or information concerning the business, operations and financial performance and condition of Wesdome Gold Mines Ltd. ( Wesdome or the Company ) which constitute forward-looking statements or information (collectively, forward-looking statements ) within the meaning of applicable Canadian securities legislation. Forward-looking statements relate to future events or the anticipated performance the Company and reflect management s expectations or beliefs regarding such future events and anticipated performance as of the date of this presentation. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of future production, costs of production, targeted cost reductions, capital expenditures, the success of exploration activities, permitting time lines, government regulation of mining operations, the future price of gold and other minerals, and the timing and issuance of permits. Generally, forward-looking information can be identified by the use of words such as plans, expects, is expected, budget, scheduled, estimates, forecasts, intends, anticipates, believes and variations of such words and phrases or statements that certain actions, events, or results may, could, would, might, or will, occur or be achieved or the negative connotation thereof. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predicted outcomes could differ materially from those contained in such statements. These risks and uncertainties include, but are not limited to, fluctuations in prices of commodities, fluctuations in currency markets, actual results of additional exploration and development activities at the Company s projects, the timing and amount of estimated future production and the costs thereof, capital expenditures, the availability of any additional capital required to bring future projects into production, the failure of plant, equipment or processes to operate as anticipated, accidents, or labour disputes. Risks and uncertainties about Wesdome s business are more fully discussed in the disclosure material filed with the securities regulatory authorities in Canada and available on SEDAR under the Company s profile at www.sedar.com. Readers are urged to read these materials and should not place undue reliance on the forward-looking statements contained in this presentation. Wesdome assumes no obligation to update the forward-looking information relating to beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws. TSX:WDO 2
Corporate Structure Symbol TSX:WDO Shares Outstanding 133.9 M Options 5.9 M Warrants 0 Fully Diluted 139.8 M 52 Week High/Low $4.40/$1.77 (Average daily volume 900,000 shares) Market Capitalization $270M ($2.01 Oct 16, 2017) Cash Position $22.6 M (November 8, 2017) No Debt Management and Directors 2.2% Analyst Coverage Clarus Securities Desjardins Capital Markets Echelon Wealth Partners Eight Capital Partners Industrial Alliance Laurentian Bank Mackie Research National Bank Financial PI Financial Major Shareholders Resolute Funds, Van Eck, Royal Bank Investment Management, US Global, Oppenheimer, Mackenzie Financial, 1832 Asset Management, Gabelli TSX:WDO 3
Executive Management Team Duncan Middlemiss, P. Eng Chief Executive Officer - Professional engineer with over 25 years experience in operational management, mine rehabilitation, development and gold production - Over 10 years of executive management experience - Most recently Chief Executive Officer of St Andrew Goldfields until its sale to Kirkland Lake Gold in January 2016 Ben Au, CPA, CA Chief Financial Officer Marc-Andre Pelletier, P.Eng Chief Operating Officer Michael Michaud, P.Geo VP, Exploration Lindsay Carpenter Dunlop VP, Investor Relations Heather Laxton Corporate Secretary & CGO Stacy Kimmett VP, Human Resources - Over 35 years of experience in financial management and reporting, regulatory compliance, M&A, and P&L management - Over 11 years at Agnico Eagle Mines in increasingly senior financial reporting roles - Most recently Chief Financial Officer of St Andrew Goldfields Ltd until its acquisition by Kirkland Lake Gold - Professional engineer with over 20 years experience in operating gold mines in Canada - Over 9 years at Barrick Gold in increasingly senior operational management roles - Most recently VP Operations at St Andrew Goldfields until its acquisition by Kirkland Lake Gold - Professional geologist with over 30 years experience in domestic and international gold exploration and mining - Former Principal of SRK Consulting Inc - Most recently Chief Geologist at Iamgold - Over 10 years experience in the development and execution of investor relations programs for publicly traded resource companies - Most recently 5 years as Director of Investor Relations at Kirkland Lake Gold - 20 years of corporate secretarial, corporate governance and securities regulation experience with a focus on the mining sector in Canada, Europe, Russia and West Africa - Most recently Corporate Secretary at Kirkland Lake Gold - Over 20 year experience in human resources focusing on policy development, compliance, and change management - Most recently Sr. Director, Human Resources at St Andrew Goldfields TSX:WDO 4
Canadian Gold Company with Three 100% Owned Projects 30 years of continuous gold production YTD 2017 operating cash flow $15 M Eagle River Complex produced 43,184 ozs produced YTD 2017 from 2 high grade mines Eagle River YTD head grades 10.3 g/t (2016: 7.8 g/t) 1 2 3 Executing an aggressive company wide exploration program on all assets High grade discovery Aug 2016 at Kiena Complex 1 2 3 Moss Lake, Thunder Bay, Ont. Open Pit Gold Deposit Resources: Indicated 1.4M oz, Inferred 1.7M oz Eagle River Complex, Wawa, Ont. Operating Mine Complex, two deposits feed central mill @ ~850 tpd Past Prod.: 1.1 M oz Reserves: P&P 446,000 oz Resources: M&I 330,000 oz, Inf. 225,000 oz Kiena, Val d Or, Quebec Production Suspended 2013 Past Prod.: 1.75 M oz Resources: M&I 450,000 oz, Inf. 400,000 oz Fully Permitted Mine/Mill Complex on Standby TSX:WDO 5
Corporate Strategy Near Term STRENGTHEN EXPLORE DEVELOP - Stabilize and improve Wawa operations through mine development of additional high grade zones, providing greater production flexibility - Operational improvements such as ventilation, power, and equipment - Ongoing mine exploration to diversify production locations Longer Term -Pipeline of development projects: - Early success at brownfields exploration at Kiena Complex (shaft and permitted mill) - Commenced drill program at newly consolidated Moss Lake property - Near-mine exploration on surface at Eagle River and step out at Mishi Open Pit Potential for diversified production from three mines in two provinces, Ontario and Quebec Objective- - Increased output and lowered costs -Maximizing the potential of all the assets TSX:WDO 6
Operating Two of Canada s High Grade Gold Mines Eagle River Underground Ranks 2nd Mishi Open Pit Ranks 3rd 6 5 Reserve Grade (g/t) Reserve Grade (g/t) 4 3 2 2.0 1 0 Young-Davidson Rainy River Detour Lake Canadian Malartic Mishi Meadowbank Meliadine Source: National Bank Financial TSX:WDO 7
2017 Production and Cost Guidance Combined gold production guidance: 52,000 and 58,000 ounces 2017 Production on track H1/17 Combined Operating Cost per ounce: CAD$1,030 - $1,130 per ounce (USD$765 $835 per ounce) H1/17 Combined All-In Sustaining Costs per ounce sold: CAD$1,450 - $1,550 per ounce (USD$1,075 - $1,150 per ounce) 2017 Guidance: Eagle River Underground Mine 45,000 49,000 ounces @ 8.8 9.2 g/t Mishi Open Pit Mine 7,000 9,000 ounces @ 1.8-2.2 g/t Q1 2017 Production Results: Eagle River Underground Mine 13,588 ounces @ 11.5 g/t Mishi Open Pit Mine 1,574 ounces @ 1.7 g/t Q2 2017 Production Results: Eagle River Underground Mine 10,597 ounces @ 9.8 g/t Mishi Open Pit Mine 1,932 ounces @ 1.8 g/t Q3 2017 Production Results: Eagle River Underground Mine 13,313 ounces @ 9.7 g/t Mishi Open Pit Mine 2,181 ounces @ 2.0 g/t Sustaining Capex ~CAD$13 $17 M per year Growth/Project Capex of ~CAD$3 M Potential to increase tonnage from the Eagle River Underground Mine Scoping Study at Mishi Open Pit Mine to determine appropriate open pit scenario Eagle River reserve grade: 9.2 g/t Total YTD Gold production 2017: 43,185 ounces Mishi reserve grade: 2.0 g/t TSX:WDO 8
Q3 2017 Operating Results Operational Results Three and Nine Months 2017 and 2016 Three Months ended September 30 Nine Months ended September 30 2017 2016 2017 2016 Eagle tonnes milled 44,421 42,617 117,959 127,761 Mishi tonnes milled 38,638 37,660 114,396 107,953 Total tonnes milled 83,058 80,277 232,355 235,714 Eagle grade (g/t) 9.7 10.1 10.3 7.8 Mishi grade (g/t) 2.0 2.3 1.8 2.1 Eagle mill recovery (%) 96.1 95.6 95.9 93.1 Mishi mill recovery (%) 87.2 87.7 84.9 86.3 Eagle ounces produced 13,313 13,193 37,498 29,657 Mishi ounces produced 2,181 2,474 5,687 6,193 Ounces produced, Eagle 3 15,493 15,667 43,185 35,850 Ounces sold 13,069 15,825 38,419 35,190 Operating cash flow 4,523 13,857 15,165 15,973 Per ounce data: Average realized price 1 1,619 1,740 1,656 1,684 Production cash costs 1 978 846 1,090 1,168 All-in-sustaining costs 1,4 1,369 1,294 1,522 1,681 Average 1 USD to CAD exchange rate 1.2528 1.3047 1.3091 1.3217 USD equivalents: Average realized price 1,293 1,334 1,265 1,274 Production cash costs 780 648 833 884 All-in-sustaining costs 1,4 1,093 992 1,163 1,272 TSX:WDO 9
Eagle River Mine: 1.1 M oz of Production Quartz diorite stock (2 km x 0.5 km) hosts 1.1 M oz of past production at Eagle River from 8, 6 and 2 Zone structures (1995 to 2017) Parallel 7 and 300 Zones to north offer new potential throughout the mine 2016 Production: 40,252 oz. (170,369 t @ 7.9g/t) 7 Zone Surface TSX:WDO 10
Eagle River Parallel Gold Zones Remain Open open open 4200 elev 4200 elev open Section 9400E (looking west) Section 9400E (looking west) open Discovery of two new parallel gold zones in 2013 Exploration in 2014-2017 leads to reserve growth with expanding potential within mine footprint Mining of 300 Zone began in Q3 2015, 7 Zone in production since Q4 2016 Recent widths at 300 North and 303 East Zones wider than previously encountered 100 m TSX:WDO 11
Eagle Drilling to Diversify Production Locations Longitudinal Section Looking North 300 Zone West Eu-778: 121.3 g/t over 2.0 m CL EU-779: 1115.7 g/t over 2.4 m CL EU-780L 79.1 g/t over 3.5 m CL EU-781: 65.2 g/t over 4.0 m CL EU-782: 230.2 g/t over 2.5 m CL 300 Zone East North Lens (New) 670-125: 8.6 g/t over 32.4 m TW 670-130: 14.7 g/t over 11.5 m TW Main Lens: 670-130 9.9 g/t over 7.5 m TW 670-73: 12.2 g/t over 3.5 m TW 670-99: 49.9 g/t over 1.8 m TW 303 East Lens (New) 844-E-27: 28.72 gau/t uncut (19.03 gau/t cut) over 20.67 m true TW 844-E-28: 20.75 gau/t uncut (13.36 gau/t cut) over 17.94 m TW 7 Zone EU-759W: 20.4 g/tau over 5.6 m CL EU-782: 29.5 g/tau over 3.0 m CL EU-783: 101.0 g/tau over 2.7 m CL TSX:WDO 12
2017 Drilling 303 E Lens Returns Wide, High Grade Intersections Highlights January 26, 2017 Hole 844-E-26: 7.08 gau/t uncut (5.86 gau/t cut) over 8.88 m true width Hole 844-E-27: 28.72 gau/t uncut (19.03 gau/t cut) over 20.67 m true width Hole 844-E-28: 20.75 gau/t uncut (13.36 gau/t cut) over 17.94 m true width Hole 844-E-29: 89.61 gau/t uncut (24.60 gau/t cut) over 3.93 m true width Hole 670-131: 10.35 gau/t uncut (10.35 gau/t cut) over 4.32 m true width TSX:WDO 13
2017 Drifting and Production Planning 173.7m of strike length / 2.85m average width / 22.62 g/t Au cut / 34.70 g/t Au uncut TSX:WDO 14
303 E Lens Extended Up-Plunge TSX:WDO 15
2016 Drill Results Extend 7 Zone Towards Surface, Production Commenced Q4 2016 Drill Highlights 2016 Underground drilling extends 7 Zone 200 metres towards surface 15 holes in Zone average: 17.3 g/t Au over 3.2 m (true width) 7 Zone adjacent to existing mine infrastructure Zone remains open to depth and to surface Production from this zone commenced H2 2016 after discovery in H2 2013 and well ahead of schedule 890 Drift Sampling 33.2 g/t over 1.5 m along drift length of 42 m 945 M Drift 22.63 g/t over 3.32 m average width along drift length of 63 m 2018 Production from the wider strike length area comes online TSX:WDO 16
Mishi Operations: Strike and Depth Potential M6 Zone open West Extension M2 Zone MISHI MINE Current Operations M2 Zone East Extension open Plan View Section 3550 E Section 3750 E Section 3550 E (looking W) Section 3750 E (looking W) TSX:WDO 17
2017 Mishi Exploration: Drilling Extends Zone to West Exploration Highlights 2016 reconnaissance drilling program 2017 Exploration: 15,000 m of drilling to follow up on two targets, 600 m and 1700 m West of pit - resource delineation 600 m West of Pit 1.95 g/t over 29.8 m TW 3.08 g/t over 15.5 m TW 3.48 g/t over 17.7 m TW 2.14 g/t over 22.1 m TW 2.52 g/t over 18.8 m TW 2.38 g/t over 11.9 m TW 1,700 m West of Pit 4.28 g/t over 13.5 m TW* 0.60 g/t over 31.3 m TW 1.89 g/t over 32.9 m TW 1.10 g/t over 31.6 m TW * 2016 drilling TSX:WDO 18
Kiena Complex, Val d Or, Quebec Mine on care and maintenance since mid- 2013 2,000 TPD permitted mill 930 Metre shaft Ramp system to 1000 m Underground de-watered Past production 1981 2013 12,500,00 mt @ 4.5 g/t = 1.75 M ounces produced TSX:WDO 19
Kiena Complex Property Ramp TSX:WDO 20
Kiena Deep Discovery and Geology TSX:WDO 21
New Discovery Located Near Existing Infrastructure Existing Indicated Resources Zone Cut Grade (cut to 34.28 g/t) Tonnes Ounces S50 Deep A 10.87 173,111 60,511 S50 Deep AH 8.53 68,722 18,885 S50 Deep B 3.21 514,100 53,100 TOTAL OUNCES 132,466 TSX:WDO 22
Kiena Deep Planned Development Ramp TSX:WDO 23
Kiena Exploration Ramp and Current Drill Targets Kiena Ramp Construction announced May 3, 2017 Estimated cost $7.6 M and completion Q1 2018 500 metres of ramping and additional 500 metres of exploration drifting First drill bay completed from the ramp Kiena Deep drilling to resume week of October 16 TSX:WDO 24
VC Zone North Extension TSX:WDO 25
S50 South Zone Extension TSX:WDO 26
Kiena Deep and S50 Extension TSX:WDO 27
Moss Lake - Coldstream Acquisition April 2016 Coldstream and Hamlin Properties are adjacent to Moss Lake deposit Purchased for $400,000 cash; and 454,545 common shares Acquisition eliminates historic property boundary along strike of Moss Lake deposit Dominant land holdings, 36 km along Shebandowan Gold Belt containing four deposits open for expansion Exploration drilling program 2017 with 2 drill rigs TSX:WDO 28
Moss Lake Project Optionality Moss Lake Deposit remains open Pit and Mineral Resource constrained by property boundary 2017 drilling extends strike length mineralization from 2kms to 4.5 kms Geophysical expression (IP) extends over a strike length of 8 kms Potential to significantly add to resources TSX:WDO 29
2017 Exploration Summary $13.1 M Exploration Drilling Budget $5M Moss Lake $4M Wawa $4M Kiena Ontario: Eagle: 3 Drills Mishi: 1 drills Moss Lake: 2 drills Quebec: Kiena: 4 drills H1 2017, 2 drills H2 2017 Property 2017 Metres 2016 Metres 2015 Metres Eagle Underground Exploration Drilling 25,000 40,000 17,000 Eagle Surface Exploration Drilling 15,000 25,000 0 Mishi Exploration Drilling 15,000 25,000 5,000 Kiena Complex 45,000 10,000 0 Moss Lake 25,000 4,000 0 Total 125,000 104,000 22,000 TSX:WDO 30
Summary Kiena: New gold discovery in existing, permitted, dewatered former producing mine Eagle River: Discovering new highgrade parallel zones close to infrastructure Eagle River: Low risk expansion of existing mines in proven mining camp Aggressive Exploration Programs on all Company Assets in 2017 Pipeline of development projects Operations in safe jurisdiction, Canada Experienced Management team with proven track records Cost cutting program underway at Eagle River TSX:WDO 31
Appendix
Board of Directors Charles Page, P.Geo Chairman - Over 40 years experience in the mineral exploration and mining industry - Most recently President and CEO of Queenston Mining, leading the discovery and development of the Upper Beaver deposit in the Kirkland Lake gold camp, until its acquisition by Osisko Mining Charles Main, CPA, CA Duncan Middlemiss, P. Eng Chief Executive Officer Nadine Miller, P. Eng Warwick Morely-Jepson Rolly Uloth Bill Washington, MBA - Chartered Professional Accountant and member of the Chartered Professional Accountants of Ontario and Canada - Over 30 years experience in finance and mining industries - Most recently Chief Financial Officer of Yamana Gold from 2003 2017 - Professional engineer with over 25 years experience in operational management, mine rehabilitation, development and gold production - Over 10 years of executive management experience - Most recently Chief Executive Officer of St Andrew Goldfields until its sale to Kirkland Lake Gold in January 2016 - Over 15 years experience in geotechnical engineering and project management in the mining space - Former Business Development Manager at SNC-Lavalin s Mining and Metallurgy unit - Over 35 years experience in the mining industry within operations, project and business development - Formerly Chief Operating Officer and Executive VP of Kinross Gold Corp - Over 45 years of senior management experience - Co founder of Rosedale Transport, fifth largest trucking company in Ontario - Former Head of Global Mining and Metals at National Bank Financial Markets - Over 25 years experience in capital markets, focused exclusively on the mining sector TSX:WDO 33
Q1 2017 Operating Results Operational Results 1 st Quarter 2017 and 2016 Quarter ended March 31 2017 2016 Eagle tonnes milled 38,578 39,839 Mishi tonnes milled 36,641 36,287 Total tonnes milled 75,219 76,126 Eagle grade (g/t) 11.5 5.6 Mishi grade (g/t) 1.7 1.8 Eagle River Mine mill recovery (%) 95.3 88.0 Mishi Mine mill recovery (%) 80.9 85.0 Eagle recovered grade (g/t) 11.0 4.9 Mishi recovered grade (g/t) 1.3 1.5 Eagle ounces produced 13,588 6,254 Mishi ounces produced 1,574 1,782 Total ounces produced 15,162 8,036 Ounces sold 12,320 8,100 Average realized price (CAD$/oz) 1,631 1,640 Production cash costs (CAD$/oz) 1,056 1,766 All-in-sustaining costs (CAD$/oz) 1,474 2,428 Revenue 20 M 13M Cash Flow from Operations (loss) $5M ($2.8M) Net Income (loss) $695,000 ($3.3M) EPS $0.01 ($0.03) Free Cash Flow ($4.1M) ($7.1M) TSX:WDO 34
Notes to Technical Disclosure Technical Disclosure Mineral Resources This presentation contains information regarding mineral resources estimated at the Company s projects. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Further, the quantity and grade of reported inferred mineral resources are uncertain in nature and it cannot be assumed that further exploration will result in all or any part of an inferred mineral resource being upgraded to an indicated or measured mineral resource category. Qualified Person - Ontario The technical information contained in this presentation has been reviewed and approved by Michael Michaud, P.Geo, M.ScA, VP Exploration for the Company and a Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure of Mineral Projects ( NI 43-101 ). Qualified Person Quebec The technical information contained is this presentation pertaining to Quebec properties, ( Kiena Complex and Kiena Deep ) has been approved and verified by Marc Ducharme, P. Geo, Chief Exploration Geologist for the Company and a Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects ( NI-43-01 ). Additional Information Additional information about each of the mineral projects as required by NI 43-101, including key assumptions, parameters and methods used to estimate the mineral resources presented in respect of the Company s projects, can be found in Technical Reports filed for each respective property on SEDAR at www.sedar.com. Other important operating information can be found in the Company's AIF, MD&A and press releases. Financial Disclosure Unless otherwise indicated, all dollar values herein are in CDN$. TSX:WDO 35
S-50 Zone Isometric View North S-50 Zone - Conceptual Isometric 3D View S-50 Zone depleted portion (red wireframe) Majority of Kiena s production (10M tons or 1.6 M oz Au) was mined from the S-50 zone where widths range from ~15 to 50 metres wide Thicker gold mineralized breccia zones interpreted to be part of a large deformed sigmoidal structure extending northward from the S-50 tabular shear hosted mineralized zone Level 91 Drill holes 2010-2012 TSX:WDO 36
Drilling Expands Kiena Deep Potential to 550 m Laterally Feb 8 step out hole: 6.63 g/t over 11 m uncut (6.63 m cut) Feb 8 step out hole: 7.67 g/t over 8.2 m uncut (5.53 m cut) TSX:WDO 37
Kiena Deep Drilling Constrained TSX:WDO 38
Mineral Reserves (2016 Year End) 15% increase at Eagle River net of depletion Category Tonnes Grade (gau/tonne) Contained Ounces Eagle River Underground Reserves Proven 208,000 10.2 68,000 Probable 949,000 9.0 276,000 Eagle Proven + Probable 1,157,000 9.2 344,000 Mishi Open Pit Reserves Proven 259,000 1.8 15,000 Probable 1,361,000 2.0 87,000 Mishi Proven + Probable 1,620,000 2.0 102,000 Reserves and Resources as at December 31, 2016. Mineral Resources exclusive of Mineral Reserves. The contents of this slide have been verified and approved by Michael Michaud, P. Geo, M.ScA, VP Exploration for the Company and a Qualified Person within the meaning of NI 43-101 For details, please refer to the Company s press release dated February 22, 2017 and AIF dated February 22, 2017 available on the Company s website and sedar.com TSX:WDO 39
Eagle River Parallel Structure Reserve Breakdown Structure Tonnage Grade (gau/tonne) Contained Ounces Percentage of P + P Reserve Ounces Proven and Probable Reserves No. 8 255,000 10.6 87,000 25% No. 300 456,000 9.0 132,000 38% No. 7 310,000 9.2 91,000 27% Other 136,000 7.8 34,000 10% Total 1,157,000 9.2 344,000 Reserves and Resources as at December 31, 2016. The contents of this slide have been verified and approved by Michael Michaud, P. Geo, M.ScA, VP Exploration for the Company and a Qualified Person within the meaning of NI 43-101 For details, please refer to the Company s press release dated February 22, 2017 and AIF dated February 22, 2017 available on the Company s website and sedar.com TSX:WDO 40
Mineral Resources (2016 Year End) Operating Assets Category Tonnes Grade (gau/tonne) Contained Ounces Eagle River Underground Resources Inferred 327,000 8.1 85,000 Mishi Open Pit Resources Indicated 3,679,000 2.1 248,000 Inferred 764,000 2.4 59,000 Mishi Underground Resources Indicated 567,000 4.5 82,000 Inferred 437,000 5.8 81,000 Total M + I Resources 330,000 Total Inferred Resources 225,000 Reserves and Resources as at December 31, 2016. Mineral Resources exclusive of Mineral Reserves. The contents of this slide have been verified and approved by Michael Michaud, P. Geo, M.ScA, VP Exploration for the Company and a Qualified Person within the meaning of NI 43-101 For details, please refer to the Company s press release dated February 22, 2017 and AIF dated February 22, 2017 available on the Company s website and sedar.com TSX:WDO 41
Mineral Resources (2016 Year End) Development & Exploration Assets Category Tonnes Grade (gau/tonne) Contained Ounces Kiena Complex Resources Measured 63,700 4.06 8,300 Indicated 2,439,800 5.62 441,000 Total M + I Resources 2,500,600 5.59 449,300 Total Inferred Resources 1,563,300 7.97 400,400 Moss Lake Resources Total M + I Resources 39,795,000 1.1 1,377,000 Total Inferred Resources 50,364,000 1.1 1,751,000 Reserves and Resources as at December 31, 2016. Mineral Resources exclusive of Mineral Reserves The contents of this slide have been verified and approved by Michael Michaud, P. Geo, M.ScA, VP Exploration for the Company and a Qualified Person within the meaning of NI 43-101 For details, please refer to the Company s AIF dated February 22, 2017 available on the Company s website and sedar.com TSX:WDO 42
Moss Lake Project Optionality Moss Lake Stock Original Property Boundary open Central Intermediate to Felsic Metavolcanic Belt Moss Lake Deposit 1.4 M oz (Indicated @ 1.1 g/t) 1.7 M oz (Inferred @ 1.1 g/t) Head Lake Stock Shebandowan Greenstone Belt Moss Lake Deposit remains open Pit and Mineral Resource constrained by property boundary Drill Program planned in 2017 to expand deposit to the northeast onto the Coldstream acquisition and southwest along mineralized trend Potential to significantly add to resources TSX:WDO 43
2013 Moss Lake PEA (2.5 M oz. study) NE open SW NE open 300 m 2.5 km SW General View of Mineralized Zones Longitudinal and Plan View of Moss Lake Pit Highlights Open pit mine and CIL Processing at 40,000 tpd Life of mine strip ratio of 2.5 : 1 10 year mine life averaging 244,000 oz. per year - years 1-5 average 296,000 oz. per year - years 6-10 average 192,000 oz. per year Mill recovery: 79.2% to 84.2% (Gravity CIL) Pre-production Capital: $543 M CDN Operating costs $17.56 CDN per tonne ($922 per oz.) Payback period: 1.75 years After Tax NPV: $196 M at 5% discount rate After Tax IRR of 12% (assumes Au price of $1551 CDN) TSX:WDO 44
Eagle River/Mishi Complex Central Ontario Located in Hemlo/Wawa Gold Camp Celebrating 20 years of production 1,000,000+ oz @ 9.1 g/t Au Current operations ~800 tpd Mill located adjacent to Mishi open pit deposit (permitted to 1,200 tpd) Eagle River underground mine located 15 kms to south TSX:WDO 45
Kiena Complex Drill Core August 2016 TSX:WDO 46