Post on 03-Jan-2016
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Cautionary StatementCertain statements contained herein and subsequent oral statements made
by and on behalf of the Company may contain “forward-looking statements” within the meaning of the applicable securities laws. Such forward-looking statements are often identified by words such as “intends”, “anticipates”, “believes”, “expects”, “predicts” and “hopes” and include, without limitation, statements regarding the Company’s plan of business operations, potential contractual arrangements, receipt of working capital, anticipated revenues and related expenditures. Factors that could cause actual results to differ materially include, among others, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009, as amended, and other filings with the Securities and Exchange Commission, and with the securities regulatory authorities in Canada, under the caption “Risk Factors”. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking statements. Except as otherwise required by applicable securities statutes or regulations, the Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.
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Gold vs Market
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Aligned with Shareholders!CEO’s Share Ownership
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Market Cap
$655 MillionCEO owns 21%
*Sept 16, 2010
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US Gold SummaryLiquid Shares
Big CEO Ownership
Aggressive Exploration
Moving Towards Production
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S&P Requirements1. US Company
2. Market Cap. > $3.5 B
3. Public Float > 50%
4. 4 Qtrs Positive Earnings
5. Liquidity Threshold
6. Sector Representation
7. US Listing
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Sources of Future ProductionOrganic Growth
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M+I Grade Inferred Grade
Silver oz gpt oz gpt
El Gallo 25.1 106.0 12.2 84.0
Palmarito 8.5 70.1 3.3 65.5
Total 33.6 MM 15.5 MM
Gold oz gpt oz gpt
Magistral 502,500 1.50 8,200 1.14
El Gallo District Resource
*Canadian NI 43-101 compliant resources
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Mexican ProductionTarget Late 2013
35,000 Gold oz
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5 - 10 MM Silver oz
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El Gallo ResourceShallow Open Pit
Mineralization(Long Section)
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Target Annual Production - Mexico
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El Gallo - Deliverables
2010 - 100,000 Meters Drilling
Oct - Updated Resource Est.
Dec - Scoping Study + Updated Resource
2011 - Feasibility Study
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Hot New Targets Drilling NowSample Assay Results
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Cortez Trend Nevada
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Gold Bar Scoping Study
60,000 oz Au / yrCash Costs $600 / ozIRR 60%*Payback 3 yrs*Initial Capital $40 MM
*$1,150 / oz gold price
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New Gold Bar Expansion Drilling
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Nevada Deliverables
Gold Bar Pre-feasibilityQ3 2011
Ongoing Exploration
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US Gold SummaryLiquid Shares
Big CEO Ownership
Aggressive Exploration
Moving Towards Production
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Largest UXG Shareholders
25.4 MM
5.2 MM
4.5 MM
3.9 MM
3.3 MM
3.0 MM
21%
4%
4%
3%
3%
2%
Rob McEwen
BlackRock
Royce & Assoc.
Ziff Brothers
Oppenheimer
Van Eck
As of June 30, 2010
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UXG Analyst Coverage
Dahlman Rose
Canaccord
Dundee
Fraser Mackenzie
Adam Graf
Eric Zaunscherb
Ron Stewart
Gary Baschuk
212-920-2940
604-699-0829
647-428-8324
416-955-4777
Company Analyst Phone #