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Alfonso Martinez part 2 - Latam Ventures PDAC 2012

Vancouver, Canada
Vancouver, Canada

This document summarizes mining industry trends and opportunities in Mexico. It notes that Latin America remains the top destination for mining exploration investment, with Mexico hosting over 800 mining projects financed by foreign capital focused on gold/silver and copper deposits. Mexico has attractive mineral potential and was the location for over 9,000 jobs created by new mines opening from 2009-2011, making it one of the best opportunities for mining investment.

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PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Part 2 of 2 I MINING INDUSTRY ECONOMIC INDICATORS II MEXICOS MINERAL POTENTIAL III MINES OPENED IN 2009, 2010 AND 2011 IV ADVANCED PROJECTS VI WHY IS MEXICO THE BEST MINING INVESTMENT OPPORTUNITY? w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada METATES Durango Open pit Au, Ag Chesapeake Gold 3,160 EL ARCO BCS Open pit Cu, Au Grupo M辿xico 1,500 EL BOLEO BCS Open pit Zn, Ag Baja Mining Corp 1,100 BAHUERACHI Chihuahua Open pit Cu, Co, Zn Jinchuan-Tyler 619 TERRAZAS Chihuahua Open pit Zn, Cu Constellation 500 BUENA VISTA Sonora Open pit Zn, Cu Grupo M辿xico 500 LA VERDE Michoac叩n Open pit Cu Teck-Cominco 250 EL CRESTON Sonora Open pit Mo, Cu Creston Moly Corp 200 IXHUATAN Chiapas Open pit Au Linear Gold/KinRoss 200 SIERRA MOJADA Coahuila Open pit Zn Metalline 250 SAN NICOLAS Zacatecas Open pit Zn, Cu, Pb Teck-Gold corp 246 MINA EL PILAR Sonora Open pit Cu Stingray Copper Inc 186 LAS MERCEDES Sonora Open pit Au Yamana Gold 152 MORELOS NORTE Guerrero Open pit Au, Ag Torex Gold resources 150 EL GALLO Sinaloa Open pit Ag, Au US Gold 149 SAN ANTON Guanajuato Open pit Au, Ag, Cu Cerro Resources 82 NOCHE BUENA Sonora Open pit Au, Ag Fresnillo Plc 68 TOTAL 9,294 w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada I MINING INDUSTRY ECONOMIC INDICATORS II MEXICOS MINERAL POTENTIAL III MINES OPENED IN 2009, 2010 AND 2011 IV ADVANCED PROJECTS V WHY IS MEXICO THE BEST MINING INVESTMENT OPPORTUNITY? w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada WORLDWIDE EXPLORATION BUDGETS 20 18.2 18 16 14 12.60 12.10 Billion US Dollars 12 10.50 10 8 7.13 7.32 6 4.90 4 3.55 2.19 2 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 According to Metals Economics Group's of Corporate Explora:on Strategies, worldwide nonferrous explora:on budgets keep on growing. Source: Metals Economics Group; World Exploration Trends 2012 w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada EXPLORATION BY REGION 2011 Pacific Islands 5 % Pacific/ Southeast USD $ 18.2 BILLION Asia, 6% United States, 8% Latin America, 26% Latin America 25 % Australia, 13 % 12% Africa, 15% Canada, 18% Rest of the World, 15% Latinoam辿rica remains the favourite destination for investment in mining exploration Source: Metals Economics Group w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada EXPLORATION BUDGETS OFTHE TOP TEN COUNTRIES 2011 USD $ 18.2 BILLION 3% 18% 8% 4% 6% 2% 5% 3% 12% 5% Others countries 31% Source: Metals Economics Group w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada FOREIGN COMPANIES: MINING EXPLORATION PROGRAMS 300 286 288 257 262 250 214 204 Companies 200 162 168 156 150 101 100 74 50 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Ministry of Economy (General Bureau of Mining Promotion). w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Holland 1 0.35% Spain 1 0.35% MEXICAN COMPANIES FUNDED BY FOREIGN Italy 1 0.35% CAPITAL 2011 Chile 1 0.35% Luxembourg 1 0.35% Belgium 1 0.35% Peru 2 0.69% India 2 0.69% United 3 1.04% Korea 4 1.39% Japan 4 1.39% Australia 6 2.08% China 8 2.78% USA 46 15.47% Canada 207 71.88% 0 50 100 150 200 250 Source: Ministry of Economy (General Direction of Mining Promotion). w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada 806 MINING PROJECTS FINANCED WITH FOREIGN CAPITAL BY MINERAL IRON, 46, 6% OTHERS, 23, 3% POLYMETALLIC, 135, 17% GOLD AND SILVER, 504, 62% COPPER, 98, 12% Source: Bureau of Mining Promotion; 2010 data w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Economic Political Economic 2010 Rank Country Security Permission Corruption Tax Total System System Stability vs 2011 1 Australia 9 8 8 8 10 9 5 57 -4 2 Canad叩 9 9 4 4 10 9 7 52 -4 3 Chile 9 9 7 6 8 8 4 51 +2 4 Brasil 7 8 5 5 5 9 6 45 +3 5 M辿xico 8 8 2 7 6 6 7 44 -1 6 USA 8 9 3 1 10 7 3 41 -1 7 Colombia 6 7 6 6 5 5 4 39 0 8E Botswana 6 5 5 5 5 5 6 37 +1 8E Per炭 6 6 4 4 5 7 5 37 +4 10E Ghana 6 5 2 6 3 6 6 34 -2 10E Mongolia 6 6 5 5 2 6 4 34 -2 Source: Behre Dolbear 2011 Ranking of Countries for Mining Investment w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada ! TORONTO STOCK EXCHANGE AND TSX VENTURE EXCHANGE HOLD 58% OF THE WORLDS PUBLIC MINING COMPANIES, WITH A CAPITAL VALUE OF 14.0 $563 BILLION CANADIAN DOLLARS 12.5 12.0 ! TSX AND TSXV RAISE 60% OF THE WORLDS MINING EQUITY CAPITAL WITH 1,178 COMPANIES LISTED, OF THOSE, 210 OPERATE IN MEXICO (14%) $ BILLION C$B 10.0 8.0 6.0 5.3 4.3 4.0 2.7 1.9 2.0 1.5 0.96 0.53 0.0 TSX TSXV LSE+AIM ASX ASX Hong Kong NYSE JSE Others Source: Gamah International; compiled by TMX Group. w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Africa: Europe: Russia & CIS Countries: USA: TSXV: 109 Companies TSXV: 56 Companies TSXV: 16 Companies TSXV: 258 Companies TSX: 71 Companies TSX: 30 Companies TSX: 15 Companies TSX: 103 Companies 180 86 31 361 Canada: TSXV: 782 Companies TSX: 176 Companies 958 Central America & Caribbean: TSXV: 30 Companies TSX: 20 Companies 50 India/Asia: Australia: Mexico: South America: TSXV: 66 Companies TSXV: 141 Companies TSXV: 39 Companies TSXV: 197 Companies TSX: 44 Companies TSX: 59 Companies TSX: 48 Companies TSX: 86 Companies 110 210 87 283 Source: TSX Annual Report 2010 w w w . s g m . g o b . m x
PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Mexicos legal security, strong economics and stable political system are a guarantee for safe investments Mexico is 1st in Latin America and 4th worldwide in the list of the 10 top recipient countries of global exploration investments, as indicated by the 2011 Metals Economics Group卒s Corporate Exploration Strategies analysis Mexico is ranked in the 5th position, just after Canada, Australia, Chile and Brazil, as lower risk countries, according to the 2011 Behre Dolbear Group卒s, Ranking of Countries for Mining Investment study, emphasizing the fact that Mexico has the most convenient mineral tax regime. As mining destination, Mexico is the third most attractive country for the Toronto Stock Exchange investors, where 58% of the public world mining companies quote. After Canada and USA, Mexico holds 210 listed companies in the TMX which represents 75% of the entire companies operating in Latin America. In the past 4 years, an average of 5 new major scale mining projects have been brought into production every year. w w w . s g m . g o b . m x
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Alfonso Martinez part 2 - Latam Ventures PDAC 2012

  • 1. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Part 2 of 2 I MINING INDUSTRY ECONOMIC INDICATORS II MEXICOS MINERAL POTENTIAL III MINES OPENED IN 2009, 2010 AND 2011 IV ADVANCED PROJECTS VI WHY IS MEXICO THE BEST MINING INVESTMENT OPPORTUNITY? w w w . s g m . g o b . m x
  • 2. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada METATES Durango Open pit Au, Ag Chesapeake Gold 3,160 EL ARCO BCS Open pit Cu, Au Grupo M辿xico 1,500 EL BOLEO BCS Open pit Zn, Ag Baja Mining Corp 1,100 BAHUERACHI Chihuahua Open pit Cu, Co, Zn Jinchuan-Tyler 619 TERRAZAS Chihuahua Open pit Zn, Cu Constellation 500 BUENA VISTA Sonora Open pit Zn, Cu Grupo M辿xico 500 LA VERDE Michoac叩n Open pit Cu Teck-Cominco 250 EL CRESTON Sonora Open pit Mo, Cu Creston Moly Corp 200 IXHUATAN Chiapas Open pit Au Linear Gold/KinRoss 200 SIERRA MOJADA Coahuila Open pit Zn Metalline 250 SAN NICOLAS Zacatecas Open pit Zn, Cu, Pb Teck-Gold corp 246 MINA EL PILAR Sonora Open pit Cu Stingray Copper Inc 186 LAS MERCEDES Sonora Open pit Au Yamana Gold 152 MORELOS NORTE Guerrero Open pit Au, Ag Torex Gold resources 150 EL GALLO Sinaloa Open pit Ag, Au US Gold 149 SAN ANTON Guanajuato Open pit Au, Ag, Cu Cerro Resources 82 NOCHE BUENA Sonora Open pit Au, Ag Fresnillo Plc 68 TOTAL 9,294 w w w . s g m . g o b . m x
  • 3. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada I MINING INDUSTRY ECONOMIC INDICATORS II MEXICOS MINERAL POTENTIAL III MINES OPENED IN 2009, 2010 AND 2011 IV ADVANCED PROJECTS V WHY IS MEXICO THE BEST MINING INVESTMENT OPPORTUNITY? w w w . s g m . g o b . m x
  • 4. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada WORLDWIDE EXPLORATION BUDGETS 20 18.2 18 16 14 12.60 12.10 Billion US Dollars 12 10.50 10 8 7.13 7.32 6 4.90 4 3.55 2.19 2 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 According to Metals Economics Group's of Corporate Explora:on Strategies, worldwide nonferrous explora:on budgets keep on growing. Source: Metals Economics Group; World Exploration Trends 2012 w w w . s g m . g o b . m x
  • 5. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada EXPLORATION BY REGION 2011 Pacific Islands 5 % Pacific/ Southeast USD $ 18.2 BILLION Asia, 6% United States, 8% Latin America, 26% Latin America 25 % Australia, 13 % 12% Africa, 15% Canada, 18% Rest of the World, 15% Latinoam辿rica remains the favourite destination for investment in mining exploration Source: Metals Economics Group w w w . s g m . g o b . m x
  • 6. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada EXPLORATION BUDGETS OFTHE TOP TEN COUNTRIES 2011 USD $ 18.2 BILLION 3% 18% 8% 4% 6% 2% 5% 3% 12% 5% Others countries 31% Source: Metals Economics Group w w w . s g m . g o b . m x
  • 7. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada FOREIGN COMPANIES: MINING EXPLORATION PROGRAMS 300 286 288 257 262 250 214 204 Companies 200 162 168 156 150 101 100 74 50 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Ministry of Economy (General Bureau of Mining Promotion). w w w . s g m . g o b . m x
  • 8. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Holland 1 0.35% Spain 1 0.35% MEXICAN COMPANIES FUNDED BY FOREIGN Italy 1 0.35% CAPITAL 2011 Chile 1 0.35% Luxembourg 1 0.35% Belgium 1 0.35% Peru 2 0.69% India 2 0.69% United 3 1.04% Korea 4 1.39% Japan 4 1.39% Australia 6 2.08% China 8 2.78% USA 46 15.47% Canada 207 71.88% 0 50 100 150 200 250 Source: Ministry of Economy (General Direction of Mining Promotion). w w w . s g m . g o b . m x
  • 9. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada 806 MINING PROJECTS FINANCED WITH FOREIGN CAPITAL BY MINERAL IRON, 46, 6% OTHERS, 23, 3% POLYMETALLIC, 135, 17% GOLD AND SILVER, 504, 62% COPPER, 98, 12% Source: Bureau of Mining Promotion; 2010 data w w w . s g m . g o b . m x
  • 10. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Economic Political Economic 2010 Rank Country Security Permission Corruption Tax Total System System Stability vs 2011 1 Australia 9 8 8 8 10 9 5 57 -4 2 Canad叩 9 9 4 4 10 9 7 52 -4 3 Chile 9 9 7 6 8 8 4 51 +2 4 Brasil 7 8 5 5 5 9 6 45 +3 5 M辿xico 8 8 2 7 6 6 7 44 -1 6 USA 8 9 3 1 10 7 3 41 -1 7 Colombia 6 7 6 6 5 5 4 39 0 8E Botswana 6 5 5 5 5 5 6 37 +1 8E Per炭 6 6 4 4 5 7 5 37 +4 10E Ghana 6 5 2 6 3 6 6 34 -2 10E Mongolia 6 6 5 5 2 6 4 34 -2 Source: Behre Dolbear 2011 Ranking of Countries for Mining Investment w w w . s g m . g o b . m x
  • 11. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada ! TORONTO STOCK EXCHANGE AND TSX VENTURE EXCHANGE HOLD 58% OF THE WORLDS PUBLIC MINING COMPANIES, WITH A CAPITAL VALUE OF 14.0 $563 BILLION CANADIAN DOLLARS 12.5 12.0 ! TSX AND TSXV RAISE 60% OF THE WORLDS MINING EQUITY CAPITAL WITH 1,178 COMPANIES LISTED, OF THOSE, 210 OPERATE IN MEXICO (14%) $ BILLION C$B 10.0 8.0 6.0 5.3 4.3 4.0 2.7 1.9 2.0 1.5 0.96 0.53 0.0 TSX TSXV LSE+AIM ASX ASX Hong Kong NYSE JSE Others Source: Gamah International; compiled by TMX Group. w w w . s g m . g o b . m x
  • 12. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Africa: Europe: Russia & CIS Countries: USA: TSXV: 109 Companies TSXV: 56 Companies TSXV: 16 Companies TSXV: 258 Companies TSX: 71 Companies TSX: 30 Companies TSX: 15 Companies TSX: 103 Companies 180 86 31 361 Canada: TSXV: 782 Companies TSX: 176 Companies 958 Central America & Caribbean: TSXV: 30 Companies TSX: 20 Companies 50 India/Asia: Australia: Mexico: South America: TSXV: 66 Companies TSXV: 141 Companies TSXV: 39 Companies TSXV: 197 Companies TSX: 44 Companies TSX: 59 Companies TSX: 48 Companies TSX: 86 Companies 110 210 87 283 Source: TSX Annual Report 2010 w w w . s g m . g o b . m x
  • 13. PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA March 47, 2012. Toronto, Canada Mexicos legal security, strong economics and stable political system are a guarantee for safe investments Mexico is 1st in Latin America and 4th worldwide in the list of the 10 top recipient countries of global exploration investments, as indicated by the 2011 Metals Economics Group卒s Corporate Exploration Strategies analysis Mexico is ranked in the 5th position, just after Canada, Australia, Chile and Brazil, as lower risk countries, according to the 2011 Behre Dolbear Group卒s, Ranking of Countries for Mining Investment study, emphasizing the fact that Mexico has the most convenient mineral tax regime. As mining destination, Mexico is the third most attractive country for the Toronto Stock Exchange investors, where 58% of the public world mining companies quote. After Canada and USA, Mexico holds 210 listed companies in the TMX which represents 75% of the entire companies operating in Latin America. In the past 4 years, an average of 5 new major scale mining projects have been brought into production every year. w w w . s g m . g o b . m x