NewCastle Gold

View Company Profile

April 5, 2017 at 4:20 PM (CEST)|Park Hyatt, Zürich

Gerald Panneton

Chairman & CEO

Mr. Panneton is a geologist with over 35 years of experience in domestic and international exploration and development in the gold mining industry. During his career, he has played a key role in the discovery and advancement of several gold deposits worldwide. He joined Gold Terra in October 2019.

Mr. Panneton was the founder, President and CEO of Detour Gold Corporation (2006-13), where under his leadership, the Detour Lake project grew over tenfold from 1.5 million ounces in resources to over 16 million ounces in reserves and brought into production in just over six years. Today, the Detour Lake mine ranks as one of the largest gold mines in Canada. Mr. Panneton raised approximately $2.6 billion in capital while at Detour Gold. Mr. Panneton and his Detour Gold team were the recipients of the PDAC 2011 Bill Dennis Award for Canadian mineral discoveries and prospecting success of the year.


SAFE HARBOR STATEMENT

Certain statements constitute forward looking information” within the meaning of applicable securities laws. Such forward-looking information includes, without limitation, statements evaluating the market and general economic conditions and discussing future-oriented costs, expenditures and other financial or operating performances. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes” or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. While the Company has based this forward-looking information on its expectations about future events as at the date that such information was prepared, the information is not a guarantee of the Company’s future performance and is subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking information. Such factors include amongst others, the effects of general economic conditions, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgements in the course of preparing forward-looking information. Also, other important factors that could cause actual results to differ materially from the Company’s expectations include risks associated with: mining exploration and development operations such as environmental hazards and economic factors as they affect the cost and success of the Company’s capital expenditures, the ability of the Company to obtain financing and required permits and approvals, the price of gold, and the market price of the Company’s securities; the economic feasibility of the Company’s mineral resources and the Company’s commercial viability; uncertain global economic conditions; dependence on management and other highly skilled personnel; a negative operating cash flow; the lack of earnings history and return on investment; the lack of operating history and revenues; land titles to the Company’s mineral properties; extensive government and environmental regulation; volatility in the financial markets; uninsured risks; foreign exchange rate fluctuations; threat of legal proceedings; unforeseen liabilities from past acquisitions. Please refer to the “Risk Factors” in the Company’s Annual Information Form (“AIF”) for a discussion of these and other factors underlying forward-looking information. In light of these factors, the forward-looking events discussed in this presentation might not occur. Further, although the Company has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Subject to applicable securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. As there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information, readers should not place undue reliance on forward-looking information.
Investment in the Company’s common shares involves a high degree of risk and should be regarded as speculative due to the nature of the Company’s business. The Company has incurred losses and expects to incur further losses. Accordingly, the information set out under “Risk Factors” in the Company’s AIF should be carefully considered before purchasing the Company’s common shares.
Cautionary Note to U.S. Readers Regarding Estimates of Indicated and Inferred Resources
This presentation uses the terms “measured” and “indicated” mineral resources and “inferred” mineral resources. The Company advises U.S. investors that while these terms are recognized and required by Canadian securities administrators, they are not recognized by U.S. securities administrators. The estimation of “measured” and “inferred” mineral resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. The estimation of “inferred” resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. It cannot be assumed that all or any part of a “measured”, “inferred” or “indicated” mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of “inferred mineral resources” may not form the basis of feasibility studies, pre-feasibility studies or other economic studies, except in prescribed cases, such as in a preliminary economic assessment under certain circumstances. U.S. securities administrators normally only permit issuers to report mineralization that does not constitute “reserves” as in-place tonnage and grade without reference to unit measures. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that any part or all of a “measured”, “indicated” or “inferred” mineral resource exists or is economically or legally mineable. Information concerning descriptions of mineralization and resources contained herein may not be comparable to information made public by U.S. companies subject to the reporting and disclosure requirements of U.S. securities administrators. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. The inclusion of inferred mineral resources are considered too speculative geologically to have the economic considerations applied to enable them to be categorized as mineral reserves. The mineral resources in this presentation and the Company’s AIF were reported using CIM Standards.
Ian Cunningham-Dunlop, P.Eng., Vice President Technical Services of NewCastle Gold Ltd., is the Company’s designated Qualified Person for the purposes of NI 43-101, and has reviewed and validated that the scientific or technical information contained in this presentation.

NOTICE

The Denver Gold Group does not make any express or implied condition, representation, warranty or other term as to the accuracy, validity, reliability, timeliness or completeness of any information or materials in general or in connection with any particular use or purpose presented at the Gold Forum. Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

The Denver Gold Group does not represent or endorse the accuracy or reliability of any third party advice, opinion, statement, information or materials received during the Gold Forum.

INVESTMENT ADVICE - NO OFFER OR RECOMMENDATION

The Gold Forum and the information and materials presented at the Gold Forum do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated gold related products or any other regulated products, securities or investments, including, without limitation, any advice to the effect that any gold related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated gold related products or any other regulated products, securities or investments should not be made in reliance on any of the information or materials presented or obtained during the Gold Forum. Before making any investment decision, prospective investors should seek advice from their financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.