Meridian Gold Inc - Filing of certain prospectuses and communications in connection with business combination transactions (425)
19 10월 2007 - 3:47AM
Edgar (US Regulatory)
Filed by Yamana Gold Inc.
pursuant to Rule 425 under
the Securities Act of 1933
Subject Company: Meridian
Gold Inc.
Commission File Number:
333-146361
Date: October 18, 2007
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Development
Pipeline - Minas Argentinas Hernan Vera, Country Manager, Argentina
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Gualcamayo
Project, San Juan - Argentina Gualcamayo Project San Juan Province, Argentina
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Minas Argentinas – Organization Chart Arao Portugal
Ana L. Martins MASA President Maria da Graça Adalberto Telles Evandro Cintra
Hernan Vera SH&E / Community & Govt. Relations General Manager M
Hernandez Marcelo Roldan Adm. Manager HHRR Superint S H & Enviromental
Coordinator Operation Manager Legal Counselor Controller Regional Exploration
Manager Cecilia Quiroga Marcelo Ochoa Gilberto sad Gabriela Novoa Nicolas
Bareta Walter Soechting CONTRACT Assistant
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MINAS
ARGENTINAS STRATEGIC PLANNING – 300 koz target MASA Strategy Targeting 97 koz
of production for 2008 AIM feasibility update by Y/E 2007 Begin AIM
production by first mining oxide upper ore Early production starting on QDD
lower-west underground ore body. Begin with oxides. Deep metallurgical test
works and FS for sulphides ore considering reserves of both AIM and QDD
lower-west Achieve a sustainable operation at 300koz Au production from 2010
on Leverage off good social licence, e.g. goodwill created through powerline
through town
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Process flow
description
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Ore transport
facilities
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Q4 ACTIVITY
Feasibility Study Resource definition Engineering Permitting Construction
Production Ramp-up 2006 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 -------EIS
---------/----------Sectoral-------------- Project Time line
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Mine Facilities
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Gualcamayo
Current Ore bodies
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Target 10
Target K Target 3D Target E Target 11 3.4g/t over 49m & 1.46g/t over 62m
Target A 2.43 g/t over 75m & 1.69g/t over 35m Target C 1.7g/t over 30m
Target K Target D Target F Target E Target Area Prospective Areas
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2,536 TOTAL 340
QDD-Lower (Sulphides) w/ up side potential 600 QDD-Lower (Oxides) w/ up side
potential 114 AIM in pit resource (Sulphides) 80 AIM in pit resource(Oxides)
1,402 QDD reserve (Oxides) Au Koz Total Resources Currently Considered for
the LOM plan
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Life of Mine Production Targets Subject to a
positive feasibility study for the QDD lower-west zone, Yamana is targeting a
ramp-up in production to ±300,000 ounces per year by 2010, outlined as: 2008 2009 2010 2011 2012 2013 2014 2015
2016 2017 Total Au Koz Au Koz Au Koz
Au Koz Au Koz Au Koz Au Koz Au Koz Au Koz Au Koz Au Koz QDD (Oxides) 98 200
145 145 146 176 215 208 69 1.402 AIM
(Oxides) 50 10 19 80 AIM (Sulphides) 21 53 39 114 QDD-Lower (Oxides) 123 82 98 64 46 52 135 600 QDD-Lower (Sulphides) 19 54 41 41 100 85 340 TOTAL 98 250 299
300 302 294 302 301 304 85 2.536 Cash operating costs are targeted in the low
$200/oz (before royalties and taxes)
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Target A
Belgrano Target 11 East PTZ Blanco Ore-pass West Final Pit
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Project
Timeline ACTIVITY From to Feasibility Study AIM 01/08/2007 31/12/2007 Focused
exploration in QDD Lower up to 1Q 08 AIM Resource Model construction 2Q 08
Lower QDD UG FS study 01/06/2008 31/12/2008 Sulphide Ore Treatment FS &
Basic Engineering 01/06/2008 31/12/2008 Lower QDD UG development whole 2009
Construction Sulphide ore treatment 1Q 09 2Q 10 QDD UG production start up
(oxides) 1Q 2010 AIM sulphide production start up 3Q 2010
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Gualcamayo -
Progress to Date Engineering 30% complete Overall progress 15% Construction
progress 7% Startup scheduled for August 2008
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Construction
Status: 126 KM POWER LINE
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Construction
Status: 126 KM POWER LINE
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Construction
Status: 126 KM POWER LINE
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Construction
Status: 126 KM POWER LINE
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Construction
Status: CAMP – MODULE 1
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Construction
Status: TEMPORARY CONTRACTORS’ CAMP
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Construction
Status: SOUTH LEACH PAD EARTHMOVING
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Construction
Status: SOUTH LEACH PAD EARTHMOVING
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Construction
Status: SOUTH LEACH PAD LATERAL ROAD
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Construction
Status: BELT CONVEYOR TERRACE
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Construction
Status: BELT CONVEYOR TERRACE
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Construction
Status: PUMP STATION
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Construction
Status: CONTAINERS WITH BELT CONVEYOR MACHINERY FENCE TO CLEAR CUSTOM ON SITE
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Construction
Status: CONTAINERS WITH BELT CONVEYOR MACHINERY FENCE TO CLEAR CUSTOM ON SITE
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Construction
Status: CONCRETE PLANT
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Construction
Status: CONCRETE PLANT
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Construction
Status: SEWER PLANT
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Construction
Status: SEWER PLANT
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Mine
Pre-stripping: ARTICULATED TRUCKS
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Mine
Pre-stripping: DRILLING ON BENCH 2
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Mine
Pre-stripping: MUCK PILE WATERING AND DOZING
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Mine
Pre-stripping: RAISE BORER PLATFORM PREPARATION
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Mine
Pre-stripping: OVERVIEW
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Alumbrera/Agua
Rica
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Yamana owns 12.5% of the Alumbrera
gold/copper/molybdenum Mine in Catamarca Province in Argentina. Yamana owns
100% of the Agua Rica copper/gold/molybdenum deposit in Catamarca Province,
Argentina approximately 34 km east of the Alumbrera Mine. Significant cash
flow from Alumbrera for the next 10 years FS for Agua Rica shows US$2.100
billion in capital and giving an IRR of 15%. (@ Cu US$1.40/pound, Mo of
US$8.63/pound and Au of US$495/oz. Permits could take approximately 8 months
after the ESIA is submitted. The ESIA is currently being presented to
authorities and other organizations. Basic engineering on Agua Rica has
started. Alumbrera/Agua Rica
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Average annual cash dividend from Alumbrera
($US 70 for past 2 years) to fund gold growth Yamana unlikely to develop Agua
Rica as standalone project, despite favorable economics Integration
development plan with Alumbrera makes economic sense Value maximization
strategies under review Significant value to be realized, particularly within
context of current metal prices Alumbrera/Agua Rica - Strategy
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FORMER NORTHERN
ORION ARGENTINA Minera Alumbrera
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Located 110 km
northwest Buenos Aires. Served by air transport and all-weather roads One of
the world’s lowest cash cost producer of copper (net of gold credits) One of
the largest tax payers in Argentina Directly employs about 1,800 people from
region; secondary employment estimated at 29,000 FORMER NORTHERN ORION
ARGENTINA Bajo de la Alumbrera
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Reserves of 384.2 million tonnes of 0.45%
Cu, 0.48 gpt Au and 0.012% Mo. Additional measured resources are 20 million
tn grading 0.37% Cu and 0.36 gpt Au. Copper recovery of 89%, gold recovery of
79% and 50% Mo. Copper concentrate averages 27% Cu and 22 gpt Au. Cu
production 190,000 tn/y until 2009 and 145,000 tn/y from 2010. Au production
over 500 Koz/y until 2009 and 370 Koz from 2010. Mo production constant at
2,200 tn/y. LOM stripping ratio 1.95 to 1. Daily tonnage 350,000 tonnes/day.
YMAD owns mineral rights and land tenure. Receives a 20% distribution. Strong
community relationship through special programs FORMER NORTHERN ORION
ARGENTINA Alumbrera (100% basis)
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FORMER NORTHERN
ORION ARGENTINA Agua Rica Project
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FORMER NORTHERN ORION ARGENTINA Agua Rica 23
year mine life, capital of US$2.12 billion and operating costs of US$6.84 per
tonne milled. Payback is four years. M&I resources inclusive of reserves
1,1 billion tn at 0.47% Cu, 0.033% Mo and 0.21 g/tn Au, @ 0.2% Cu cutoff.
Additional inferred resources of 651 million tn grading 0.34% Cu, 0.034% Mo
and 0.12 g/tn Au. Agua Rica reserves are 731 million tn at 0.50% Cu, 0.033%
Mo, 0.23 g/tn Au, 3.64 g/tn silver, 131 ppm As, 799 ppm Zn and 361 ppm Pb.
Reserves calculated at US$1.10/lb Cu, US$425/oz Au, US$6.00/lb Mo and
US$5.50/oz Ag. 177 million tonnes of waste in preproduction. First 5 years
grade is 0.8% Cu, 0.33 gpt Au and 0.03% Mo. 1.6 billion tn of waste will be
mined over the life of the mine. Due to space requirements most of the waste
will have to be crushed and conveyed to a waste disposal area.
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Planned
throughput rate is 90,000 t/day producing a gold copper concentrate and a
molybdenum concentrate. Blending is required through the mine life to control
arsenic levels and to a lesser extent zinc levels in the concentrate. Average
life of mine production is 136Kt copper, 125Koz of gold and 14 Ktn of Mo.
Recoveries expected of Cu 85%, Mo 68% and Au 53%. Expected concentrate grade
52% Mo while copper 22% to 36% Cu. Estimated production cash cost negative
$1.04/lb (@ $635/oz Au and $26/lb Mo credits) Copper concentrate pumped
through a 213 km pipeline and then shipped by rail to Buenos Aires. A 50 km
powerline will be required to site. A supply of water will be required for
the site. FORMER NORTHERN ORION ARGENTINA Agua Rica
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Current
activities Drilling program: Waste dump site and optimize pit Reserve
categorization 5 first years Environmental: Submit EIS to start permitting
process Contracting: Access road improvement Mine pre-stripping Basic
engineering and detailed planning FORMER NORTHERN ORION ARGENTINA Agua Rica
Integration Discussions
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Meridian Gold (NYSE:MDG)
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