2. 2TSX:NMI
Forward-looking Statements
Certain information set forth in this presentation contains “forward-looking statements”, and “forward-looking
information under applicable securities laws. Except for statements of historical fact, certain information contained
herein constitutes forward-looking statements, which include the Company’s expectations about its business and
operations, and are based on the Company’s current internal expectations, estimates, projections, assumptions and
beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as
“will”, “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These statements are not
guarantees of future performance or outcomes and undue reliance should not be placed on them. Forward-looking
statements are based on the opinions and estimates of management as of the date such statements are made and they
are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different from those expressed or implied by
such forward-looking statements or forward-looking information. Although management of the Company has
attempted to identify important factors that could cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements and forward-looking information. The Company does not
undertake to update any forward-looking statements or forward-looking information that are included in this
presentation or incorporated by reference herein, except in accordance with applicable securities laws.
3. 3TSX:NMI
Newmarket Gold Advantage
Experienced Management Team
Proven capital markets expertise with a track record of superior value creation
Demonstrated operations excellence
Board and Management aligned with shareholders (C$12 Million invested 10% equity ownership)
Strong Operating Assets (Recent Discovery Success)
Three producing gold mines in Australia with solid operating cash flow
Sustainable gold production, more than 200,000 ounces annually
Record year to date production of 169,461 ounces
Record year to date low cash costs and All-In Sustaining Costs
Record Q3, 2015 production, grade and recoveries at the Flagship Fosterville operation
Three new mine site discoveries (Cosmo, Stawell & Fosterville)
Increased potential for organic growth and resource expansion
Trend to higher consolidated grades and recoveries
Robust AUD$ Denominated Gold Price
Gold now trading between $1,500/oz – $1,600/oz
Execution of a Gold Focused Consolidation Strategy
Growth through accretive acquisitions
Companies trading at low valuation multiples
Newmarket’s vision
is to become the next
intermediate gold
producer with
annual production of
400-500kozs
4. 4TSX:NMI
Capitalization and Ownership
Cash Balance ($M)1 US$37.2
Working Capital (incl. Cash)($M)1 US$22.5
Convertible Debt ($M)2 C$34.5
TSX: NMI, NMI.WT, NMI.DB
OTCQX: NMKTF
1. As at September 30, 2015 2. C$34.5M of 8% convertible unsecured debentures due April 30, 2018 and convertible at ~C$1.02/share for up to 33.9 million shares of Newmarket 3. Excludes 11,438,820
warrants which have a strike price of $9.16. 4. 4.2 Million warrants at $1.63 expiring on Feb 27, 2016 and 992,000 broker warrants at $1.25 expiring on January 10, 2017
Raymond Threlkeld Chairman
Douglas Forster President, CEO & Director
Blayne Johnson Executive VP, Director
Lukas Lundin Director
Randall Oliphant Director
Doug Hurst VP Corporate Development
Robert Dufour Chief Financial Officer
Robert Getz Director
Kevin Conboy Director
Balance SheetFounders, Board & Senior Management
Advisors
Ian Telfer Capital Markets
Michael Vitton Capital Markets
Mike Vint Technical Advisor
Issued and Outstanding (M) 135.9
Options (M) 11.4
Performance Share Units (M) 3.7
Warrants3,4 5.2
Fully Diluted (Excluding
Debenture) (M)
156.3
Luxor Capital Group LP 39%
Management/Board (basic) 10%
Capital Structure & Ownership
The founders have created over $30 billion in
market cap value
5. 5TSX:NMI
Aligned with shareholders
Maintain low G&A on a per oz basis: currently US$27/oz vs peers at US$85/oz
Strong share ownership:
C$12 million currently invested
10% basic I/O
Industry Accepted PSU Vesting Plan:
Can acquire up to 3% of the issued and outstanding shares
○ 1/3 vest when the price of Newmarket is C$2.25 or greater
○ 1/3 vest when the price is C$3.00 or greater
○ 1/3 vest when the price is C$3.75 or greater
Newmarket Team Aligned With Shareholders
If share price thresholds not
met, PSUs expire worthless
after 3 years
6. 6TSX:NMI
Newmarket - Key Investment Metrics
1. (All figures are in United States (“U.S.”) dollars, unless stated otherwise) 2. All market data is as at Nov 05, 2015, production and cash flow based on 2015 consensus estimates. Source: public market
information and company disclosure as at Nov 05, 2015
First Nine Months YTD 2015 – Ending September 30, 20151
Record Nine Months Production ending Sept 30, 2015 169,491 oz
Record Q3, 2015 Production at Flagship Fosterville Mine 32,793 oz
Record Q3, 2015 Mill Grade and Recovery at Fosterville Mine 6.42g/t gold & 89.7%
Operating cash costs $693/oz
All-In Sustaining costs $984/oz
Revenue $199.6 Million
Operating cash flow (up 34.8% year over year) $65.9 Million
Net income $17.5 Million
Earnings per share $0.14
Cash $37.2 Million
Ev/oz production (2015E) $687/oz2
Ev/oz production (2015E) peer group $2,225/oz2
Price / 2015E CFPS (ratio) 3.0x2
Price / 2015E CFPS (ratio) peer group 5.8x2
U.S. Dollars unless stated otherwise
7. 7TSX:NMI
Australia: World’s 2nd Largest Gold Producer
Australiarecognized as a stable
and low risk jurisdiction with
access to infrastructure and skills
3 low cost underground
gold mines operated by
Newmarket
3,500km2 of prospective and
undeveloped landholdings
100% owned development
opportunities;Maud Creek, Big
Hill and Esmeralda
S
Mill
Maud Creek Gold Project
Esmeralda Gold Project
Big Hill Gold Project
8. 8TSX:NMI
2015 Revised Consolidated Guidance
Production:
Reaffirming 2015 Top-End Guidance
Approximately 220,000 ounces
Cash cost:
Lowering
US$700 - US$750 per ounce
AISC:
Lowering
US$970 - US$1,020 per ounce
9 months consolidated production:
169,491 ounces
Q3, 2015 consolidated production:
53,817 ounces
9 consecutive quarters of consolidated
production above 53,000 ounces
10. 10TSX:NMI
Continue Ability to Decrease Costs
Operating cash costs have decreased
41% since 2012
All-in sustaining costs have decreased
44% since 2012
Ore grade and gold recoveries increasing
YTD cash costs of US$693/oz and AISC of
US$984/oz, significantly below guidance
Management expects continued
optimization efforts to lead to further
declines in operating costs and AISC
All-in sustaining cash costs per oz1
Operating cash costs per oz1
$1,236
AISC
$970-
$1,020
$985 $984
$905
OCC
$700-
$750
$682 $693
2014 2015 Cost Guidance H1 2015 2015 YTD
Note: See Non-IFRS Disclosures on page 30 of this presentation.
11. 11TSX:NMI
Strong Operating Cash Flows
Newmarket generated operating cash
flow of $65.9M year to date a 34.8%
increase year over year
Australian dollar Benefits
AUD:USD averaged $0.90 in 2014
and is approximately $0.71
Average realized gold price year to
date is US$1,164 versus US$1,292
during the same period last year
(Spot AUD denominated Gold Price
Currently A$1,590)
Strong operating cash flow despite
an average realized gold price drop
of 14.8% year over year
Q3 2015 included one time
transaction costs $1.8 million cash
and additional growth spending of
$3.8 million
Strong Operating Cash Flow Generation
US$ M
Note: See Non-IFRS Disclosures on page 30 of this presentation.
48,876
65,903
YTD 2014 YTD 2015
Operating Cash Flow
18,232
11,345
3,771
1,749
Q3 2014 Q3 2015
Operating Cash Flow Exploration Transaction costs
{Transaction (cash
component) cost}
{Growth Investment}
12. 12TSX:NMI
Opportunity Comparison
Production (2015 Guidance)1 ~220,000/oz 70,000 - 180,000/oz
P/CF (2015E)2 3.0x 5.3x
EV/2015E Production2 $687/oz $1,930/oz
EV/Consensus 2015E EBITDA2 1.5x 4.9x
All in Sustaining Costs (“AISC”)3 US$984/oz US$1,040/oz
Cash Costs US$693/oz US$705/oz
G&A Costs4 US$27/oz US$85/oz
Foreign Exchange 0.73 0.77
Reserve Life Index4 4.3 years 5.3 years
Newmarket Gold Canada, Abitibi
(Kirkland, Lake Shore,
Richmont and Black Fox)
(Fosterville, Cosmo, Stawell)
1. 2015 production guidance is the low to high range for peers and high end for Newmarket 2. All market data is as at Nov 05 2015; production and cash flow based on street estimates 3. AISC and cash
costs are as reported for the YTD 4. Based on G&A, production and reserves as at or for the year ended December 31, 2014
Newmarket Gold
Current Market Capitalization
Peer Group Avg
Current Market Capitalization
C$280 million
C$415 million
Newmarket Value Gap
13. 13TSX:NMI
29,045 29,135 29,648
Q4/14 Q1/15 Q2/15 Q3/15
Record Q3, 2015 production, grade and recoveries
Grades have been increasing at depth at Lower Phoenix
New high grade Eagle Fault discovery
9.15m @ 386 g/t Au & 7.85 m @ 268 g/t Au.
Lower Phoenix and Eagle Gold Zones have strong potential to
increase production profile
Newmarket’s Flagship Mine with Substantial Upside Potential
Operation
Profile
2014A 2015E H1/15 Q3/15A
Gold Production
(kozs)
105.3
115,000-
120,000
58,783 32,793
Gold grade (g/t) 4.56 n/a 5.84 6.42
Recovery (%) 86.4% n/a 89.1% 89.7%
Cash Costs
(US$/oz)
$737
$525-
$575
$537 $481
AISC (US$/oz) $1,186 n/a1 $895 $797
Production Profile
1. Revised ConsolidatedCompanyAISC guidanceis US$970 – US$1,020/oz and operatingcash cost guidanceis US$700 – US$750/oz for the year 2015
Fosterville Mine
GoldProductionoz
(30ft @ 13.5 oz per ton & 25ft @ 9.5 oz per ton)
32,793
15. 15TSX:NMI
Fosterville Mine (Eagle Zone – Record High Grade Gold Intercepts)
Drill results at the Phoenix system returned record high grade gold intercepts
17. 17TSX:NMI
20,112 20,612
17,073
12,672
Q4/14 Q1/15 Q2/15 Q3/15
Optimization ongoing (grade, recovery, costs)
Strong mineral potential at depth (Sliver and
Easter Deep zones)
New discovery - Western Lode gold zone (potential
to open a new mining front)
Newmarket’s Newest Producing Mine
Operation Profile 2014A 2015E H1/15A Q3/15
Gold Production
(kozs)
77.7
60,000-
65,000
37,685 12,672
Gold grade (g/t) 3.14 n/a 3.33 2.65
Recovery (%) 88.9% n/a 91.9% 92.2%
Cash Costs
(US$/oz)
$1,000
$875-
$925
$814 $1,055
AISC (US$/oz) $1,263 n/a1 $1,037 $1,319
Cosmo Mine
Cosmo Gold Mine
GoldProductionoz
Production Profile
1. Revised ConsolidatedCompanyAISC guidanceis US$970 – US$1,020/oz and operatingcash cost guidanceis US$700 – US$750/oz for the year 2015
18. 18TSX:NMI
Cosmo Mine (Expansion Opportunity)
Cosmo’s drill intercepts and New Western Lodes
Highlight intercepts include:
Western Lodes 7.42 g/t gold over 4.3m, 6.59 g/t gold over
6.4m (potential for identifying grades and widths amenable
for underground mining and in close proximity to existing
infrastructure)
Cosmos Inner Dolerite 5.33 g/t gold over 7.54m
Cosmos central internal metasediments 6.79 g/t gold over
6.15m
Located only 160m away from current
development/infrastructure
Potential to open new mining front on the Western limb
Drill results at Cosmo have identified resource expansion potential
Discovery
Maud Creek Gold Deposit (Northern Territory)
(M&I mineral resource 871,000 ounces grading 3.50g/t gold located
110km from the union reef mill)1
Phase I Preliminary Economic Assessment - Q1/16
0 100
metres
1. See additionaldisclosurenoteson slide 29
19. 19TSX:NMI
Cosmo Mine (Expansion Opportunity at depth)
The Sliver Lode drilling is approximately 25 m from
current underground development highlighting
potential tonnes to be included in near term mine
plan
The Cosmo Deeps drilling has identified mineralization
approximately 200 m down –plunge from the base of
current resources
5.85g/t gold over 5.7 m
10.25 g/t gold over 2.8 m
Inc. 6.4 g/t gold over 3.1 m
14.79 g/t gold over 11.4 m, 14.07 g/t gold over 6.4 m
Sliver Lode
20. 20TSX:NMI
9,639 9,929
9,277
8,352
Q4/14 Q1/15 Q2/15 Q3/15
Near surface, open pit projects: Big Hill,
Brummigans
New discovery at Aurora B target
Highlight intercept: 17.80 metres @ 7.06 g/t gold
A Mature Operation with Potential to Extend Mine Life
Operation Profile 2014A 2015E H1/15A Q3/15
Gold Production
(kozs)
39.1 ~35,000 19,207 8,352
Gold grade (g/t) 1.67 n/a 1.66 1.42
Recovery (%) 78.8% n/a 81.7% 80.0%
Operating Cash
Costs (US$/oz)
$1,151
$945-
$995
$884 $1,086
AISC (US$/oz) $1,193 n/a1 $988 $1,153
Stawell Mine
GoldProductionoz
1. RevisedConsolidatedCompanyAISC guidanceis US$1,020 – US$1,100/oz and operatingcash cost guidance is US$700 – US$750/oz for the year 2015
Production Profile
21. 21TSX:NMI
Stawell Mine Exploration (Expansion Opportunity)
Past Production of 2.3
Million ounces Gold
* Announceddrill results July 22, 2015, September 21, 2015
Aurora A – Significant historic drill intercept includes: 13.7 g/t gold over 5.45 m
Aurora B – Significant new discovery: 7.06 g/t gold over 17.80 m, 8.03 g/t gold over 8.8 m, drilling on-going
East Flank (Aurora B) DISCOVERY* drill hole 7.06 g/t Gold over 17.80 metres
Brummigans
22. 22TSX:NMI
$687
$1,329
$1,695 $1,784
$2,166 $2,246
$2,431 $2,491
$2,899 $2,980
Average:
$2,225
3.0x
3.8x 4.0x
4.2x 4.9x 4.9x 5.2x
7.0x 7.3x
11.1x
Average:
5.8x
Source: FactSet, Bloomberg, company disclosure, available equity research.
Averages exclude Newmarket.
1.5x
3.8x
4.5x 4.7x 4.8x 4.9x 5.1x 5.2x
5.7x
10.3x
Average:
5.4x
EV / 2015E Prod. (US$/oz)
Price / Consensus 2015E CFPS (ratio) EV / Consensus 2015E EBITDA (ratio)
Peer Group Comparison
All comparison metrics present an
opportunity for significant valuation re-
rating with Newmarket Gold
23. 23TSX:NMI
Equity Performance Since July
Share Price Performance(1)
Firm GMP Securities Anonymous R. James TD Securities RBC Capital CIBC Canaccord Cormark Scotia
Shares
Traded
7.6 Million 5.1 Million 4.1 Million 3.7 Million 2.0 Million 1.8 Million 1.6 Million 1.0 Million 1.0 Million
Total shares traded
36.4 Million
30 Day Avg Volume
552,000 (as of Oct 30 2015)
Source: Capital IQ
(1) Peer Group constituents (Richmont, Lakeshore, Primero, Kirkland Lake & Alamos), based on U.S. currency share price performance
Research Coverage by:
RBC Capital Markets
(Stephen Walker)
GMP Securities
(George Albino)
Raymond James
(Chris Thompson)
Laurentian Bank
(Pierre Vaillancourt)
Cormark Securities
(Kyle McPhee)
24. 24TSX:NMI
People
Proven management team $30 billion of value creation
Demonstrated operational excellence
Assets
Significantly undervalued portfolio of well-established producing mines with
a strong track record of cash flow generation
Increasing grade & gold recoveries, YTD 2015 consolidated operating cash costs
of $693 and All-in Sustaining Costs of $984
Gold Focused
Growth Strategy
Newmarket’s vision is to become the next quality intermediate gold producer with
annual production of 400-500kozs
Insiders Aligned
with
Shareholders
Newmarket Gold Advantage
C$12 million invested, 10% equity ownership
PSU’s fully vest @ $3.75 (within 3 years or expire worthless)
Discoveries
Fosterville, Eagle Zone 9.15 m @ 386 g/t Au, 7.55m @ 159 g/t Au
Cosmo, Western Lodes 4.3 m @ 7.42 g/t Au, Sliver Lode 11.4 m @ 14.79 g/t Au
Stawell, Aurora B 17.80 m @ 7.06 g/t Au, 8.80 m @ 8.03 g/t Au
25. 25TSX:NMI
Proven Track Record of Success
“Newmarket Gold Inc.’s mission is to deliver exceptional shareholder value through a disciplined
approach to acquiring quality, gold production assets and outstanding development
opportunities in politically stable jurisdictions worldwide”
Public Sold
Principals have founded, managed and sold mining companies with a combined market value of
approximately $30 billion
26. Douglas Forster
President & CEO, Director
T: 604-559-8040
E: dforster@newmarketgoldinc.com
www.newmarketgoldinc.com
Contact Us
Ryan King
Vice President, Corporate Communications
T: 778-998-3700
E: rking@newmarketgoldinc.com
Laura Lepore
Director, Investor Relations
T: 416-728-3707
E: llepore@newmarketgoldinc.com
TSX:NMI
27. 27TSX:NMI
Appendix: Australian Gold Producers - Increasing
disconnect from AUD to USD gold price leaves Australian producers in stronger position
comparatively…
0.20
0.40
0.60
0.80
1.00
1.20
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Sep 2015
AUD/USD
GoldPrice($/oz)
Gold (US$/oz) (LHS) Gold (A$/oz) (LHS) AUD / USD (RHS)
Source: RBC CapitalMarkets September 30, 2015
USD Gold Price vs. AUD Gold Price and FX
28. 28TSX:NMI
$400
$800
$1,200
$1,600
$2,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
GoldSpot(inAUD$)
Historical Gold Price (in AUD$)
Appendix: Gold has remained strong in AUD terms
Source: FactSet, Bloomberg, company disclosure, available equity research
Current Spot Gold:
AUD$1,600/oz
(Oct 07, 2015)
29. 29TSX:NMI
Appendix: Mineral Reserves and Resources
Inferred Resources Tonnes (Mt) Grade Au (g/t) Au (kozs)
Fosterville 5.8 3.72 699
Cosmo 1.0 2.72 84
Stawell 0.8 3.07 77
Burnside 6.9 1.47 323
Maud Creek 4.2 2.55 344
Union Reefs 4.3 2.23 305
Pine Creek 2.5 2.34 191
Inferred Resources 31.3 2.48 2,024
M&I Resources (incl.) Tonnes (Mt) Grade Au (g/t) Au (kozs)
Fosterville 16.6 4.03 2,151
Cosmo 5.0 3.35 539
Stawell 4.2 1.80 243
Burnside 7.5 1.38 335
Maud Creek 7.7 3.50 871
Union Reefs 3.0 2.43 236
Pine Creek 8.4 1.41 379
M&I Resources(incl.) 52.5 2.82 4,754
Source: CrocodileGold March 31, 2015 press release announcing 2014 year-end
mineral reserves and mineralresources
2P Reserves Tonnes (Mt) Grade Au (g/t) Au (kozs)
Fosterville (Under Ground) 1,017 5.55 182
Fosterville (CIL Residues) 441 8.89 126
Cosmo 4.2 3.57 148
Stawell 0.8 1.50 181
Burnside 0.2 1.93 10
Maud Creek 1.1 5.40 184
Union Reefs 0.3 4.40 42
Pine Creek 1.3 1.55 62
2P Reserves 9.2 3.15 935
30. 30TSX:NMI
Appendix: Fosterville Mine New Discoveries
Eagle Fault, highlight intercepts include;
386 g/t Au (1) over 9.15 m (ETW 3.35 m)
in hole UDH1238 (Including 5,283 g/t
Au(1) over 0.6 m), 268 g/t Au (1) over 7.85
m (ETW 2.77 m) in hole UDH1255
(Including 5,276 g/t Au(1) over 0.35 m)
and 73.15 g/t Au (1) over 8.7 m (ETW 7.78
m) in hole UDH1240A. Visible Gold has
also been observed in the upper parts of
Eagle zone in underground exposures.
Lower Phoenix Footwall, intercepted
77.87 g/t Au(1) over 6.3 m (ETW 4.33 m)
in hole UDH1219A
East Dipping Fault, intercepted 246 g/t Au
(1) over 0.90 m
(ETW 0.81 m) in hole UDH1298 and 34.47
g/t Au over 5.1 m (ETW 4.09 m) in hole
UDH1294
Kestrel structure returned 5.37 g/t Au
over 9.75 m (ETW 5.12 m) in hole
UDH1274 and 6.16 g/t Au over 11.05 m
(ETW 5.12 m) in hole UDH1122
(1) Visible gold present in drill intercept,ETW - EstimatedTrue Width, for further informationon drill resultssee NewmarketGold’s press releases dated July 27, 2015 and September 14,
2015 locatedat www.newmarketgoldinc.com
31. 31TSX:NMI
Appendix: Cosmo Mine Western Lodes
A number of drill holes have now
penetrated the Western Lodes Target.
Drill results for the Cosmo Western Lodes
which are outside of the current mine plan
include 7.42 g/t gold over 4.3 m (estimated
true width 2.85 m) and 6.59 g/t gold over
6.4 m (estimate true width 1.65 m).
Work continues to fully define the
potential of the Western Lodes
Target is located only 160 m from current
development and has the potential to
increase resources at Cosmo and expand
the current mine plan to alternative mining
areas.
Note: For further informationon drill results see NewmarketGold’s press
release dated July 22, 2015 locatedat www.newmarketgoldinc.com
32. 32TSX:NMI
Appendix: Cosmo Mine Sliver Lode & Deeps
Development of the Sliver Lode at the Cosmo Mine with additional high grade results including: 14.79 g/t Au over 11.4 m (ETW 11.4 m) in
hole CE67518 and 14.07g/t Au over 6.0 m (ETW 5.83 m) in hole CE67522.
Down plunge drilling in the footwall area of the Cosmo deposit, the Cosmo Deeps drill program has identified mineralization approximately
200 m down-plunge from the current base of Mineral Resources at Cosmo. The Cosmo Deeps drilling program was successful and include
intercepts such as 5.85 g/t Au over 5.70 m (ETW 4.2 m) in hole CE84099 and 3.09 g/t Au over 6.4 m (ETW 5.0 m) in hole CE840100.
The very encouraging Cosmo Deeps and Sliver drill results have identified an opportunity to drill the down plunge potential of these targets
from surface. This program is expected to commence in late 2015 and will cover 2,000 m of drilling to allow for future infrastructure
planning for the mine. This drilling is planned to intersect the mineralization around 100 m down plunge from recent Sliver Lode drilling
results as well as around 80 m above the intercept in drill hole CE840100. This program has the potential to add significant mineralization
extension to the Cosmo deposit.
Note: For further informationon drill results see NewmarketGold’s press release datedSeptember 21, 2015 locatedat www.newmarketgoldinc.com
Cosmo Deeps
33. 33TSX:NMI
Appendix: Stawell Aurora B East Flank
New discovery of Aurora B East Flank
mineralization is a significant event in
the long history of the Stawell mine.
West Flank at Stawell has produced
2.3 million oz gold whereas the East
Flank, where the Aurora B discovery
has been made has no recorded
production.
Drilling on the Aurora B discovery
returned high-grade intercepts
containing visible gold including: 7.06
g/t gold over 17.80 m (estimate true
width 8.3 m).
Additional drilling on this new
discovery is on-going.
Note: For further informationon drill results see NewmarketGold’s press release datedJuly 22, 2015 locatedat www.newmarketgoldinc.com
34. 34TSX:NMI
Fosterville Mine Gravity Circuit Addition
The company has now committed to installing a 10 tonnes per hour gravity circuit (Knelson Concentrator) within the secondary (‘Regrind’) grinding circuit
(Figure 5) at a cost of US$0.4 millionwith the installation expected to commence in early 2016 and be operational by the end of Q2 2016.
35. 35TSX:NMI
Appendix: Non-IFRS and Additional Information
Non-IFRSMeasures
Newmarket Gold believes that investors use certain indicators to assess gold mining companies. The indicators are intended to provide additional information and should not be
considered in isolationor as a substitutefor measuresof performancein accordancewith the InternationalFinancialReporting Standards.
“Operational Cash Costs per Ounce” is a non-IFRSperformancemeasurewhich could providean indication of the mining and processing efficiencyat the operations.
The Company calculates operating cash costs per ounce by deducting silver sales revenue as a by-product from operating expenses per the consolidated statement of
operations, then dividing by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and
administration as well as royalties, however excludes depletion and depreciation, share-based payments and rehabilitation costs. There are variations in the method of
computation of “operational cash costs per ounce” as determined by the Company compared with other mining companies. For more detail on the operational cash costs per
ounce determination for Crocodile Gold, please visit www.sedar.com or www.newmarketgoldinc.com and review the latest Annual Financial Statements issued on March 19,
2014.
“All-In Sustaining Costs per Ounce of Gold (“AISC”) Effective December 31, 2013, the Company has adopted an all-in sustaining cost (“AISC”) performance measure that reflects
all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the
Company’s definition conforms to the AISC definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-
profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in
assessing operating performance and the ability to generate free cash flow from current operations. The Company defines AISC as the sum of operating cash costs (per above),
sustaining capital (capital required to maintain current operations at existing levels), capital lease repayments, corporate general and administrative expenses, mine exploration
within the known resources and rehabilitation accretion and amortization related to current operations. AISC excludes capital expenditures for significant improvements at
existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, rehabilitation accretion and amortization not related to current
operations, financingcosts, debt repayments, share-basedcompensation not related to operations, and taxes.
Additional Information
Notes for Page 29: For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see the
technical reports titled: NI43-101 TECHNICAL REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated March 31, 2015 and;
NI43-101 TECHNICAL REPORT – BIG HILL ENHANCED DEVELOPMENT PROJECT AT STAWELL GOLD MINE MINERAL RESOURCES & RESERVES PREPARED FOR CROCODILE GOLD
CORP dated June 6, 2014. For the Northern Territory Mineral Reserve Estimates please refer to the technical reports titled: REPORT ON THE MINERAL RESOURCES & MINERAL
RESERVES OF THE COSMO DEEPS GOLD PROJECT dated March 31, 2015; NI 43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE
GOLD CORP dated March 31, 2015; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE UNION REEFS GOLD PROJECT dated December 31, 2012; REPORT ON
THE MINERAL RESOURCES & MINERAL RESERVES OF THE PINE CREEK GOLD PROJECT dated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF
THE MAUD CREEK GOLD PROJECT dated December 31, 2012 and; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE BURNSIDE GOLD AND BASE METAL
PROJECT datedDecember 12, 2013.
Mineral resourcesthat are not mineral reserves do not have demonstrated economicviability.
Qualified Person
Mark Edwards, MAusIMM (CP), MAIG, General Manager, Exploration, Newmarket Gold, is a "qualified person" as such term is defined in National Instrument 43-101 and has
reviewed and approved the technicalinformationand data included in this presentation.
