Andean American Gold Pitch Deck (2010): 24-Slide Breakdown

Andean American Gold (TSX.V: AAG) utilizes a highly technical, data-driven presentation to showcase the viability of its Invicta project in Peru. Rather than focusing on abstract market trends, the deck leans heavily into geological reserves, operational management experience, and a complex strategic relationship with global commodity trader Trafigura. With a projected 1-year payback period and an estimated CapEx of $68M, the presentation is designed for institutional investors familiar with the mining sector's specific risk-reward profiles. The inclusion of a 3D site map and detailed feasibi…

Key takeaways

• The management team brings significant industry experience, with the CEO having constructed 86 major mining projects over 33 years (Slide 2).
• The Invicta project is situated in a high-activity mining region in Peru, surrounded by numerous production and exploration units (Slide 3).
• Geological data is precise, showing 9,866,735 tonnes of indicated resources and 14,224,661 tonnes of inferred resources (Slide 4).
• The project targets an average annual production of 97,931 Oz of Gold over a 5-year initial mine life (Slide 6).
• Financial projections estimate a total CapEx of $68M, including $49M in project costs and $7M in contingency funds (Slide 6).
• A strategic relationship with Trafigura includes a $15M USD sub-debt facility and rights to buy all base metal concentrates (Slide 7).
• Operational catalysts include the approval of the Environmental Impact Assessment and the appointment of key leadership roles like the VP Operations (Slide 8).
• The deck uses a specific price deck for its feasibility study, including gold at $900/oz and silver at $12.50/oz (Slide 6).

Frequently asked questions

What is the primary focus of the Andean American Gold deck?

The deck focuses on the technical and financial feasibility of the Invicta mining project in Peru. It prioritizes geological data, management experience, and strategic partnerships over general market commentary, catering to sophisticated mining investors.

How does the company address project risk?

Risk is addressed through the inclusion of a $7M contingency fund within the $68M CapEx estimate and a $15M sub-debt facility from Trafigura specifically for cost overruns and working capital.

Who is the strategic partner mentioned in the deck?

The primary partner is Trafigura, the world's second-largest non-ferrous trading company. They provide debt facilities, have an option to increase their stake by 16%, and hold the rights to buy the project's metal concentrates.

What are the projected economics of the Invicta mine?

The project estimates a 1-year payback period with an average annual production of 160,857 Oz Gold Equivalent. Operating costs are projected at $28.31 US per tonne.

Is there a specific funding request in the slides?

The provided slides do not contain a specific 'Ask' or 'Use of Funds' slide. Instead, they highlight recent $3M private placements and the appointment of debt arrangers like Barclays Capital.

Andean American Gold pitch deck: the facts

Company

Andean American Gold

Year

Circa 2010…

Stage

Public (TSX.V: AAG)

Slides

24

Sector

Mining / Natural Resources

Deck type

Investor Presentation / Project Update

Outcome

Not stated in slides

Headquarters

Not stated in slides (Project in Peru)

Andean American Gold pitch deck PDF

The full Andean American Gold deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the Andean American Gold Corp. pitch deck was used for

This deck is a circa‑2010 corporate and project financing presentation for Andean American Gold Corp., a TSX Venture–listed junior miner (TSX.V: AAG) focused on the Invicta underground polymetallic project in Peru. It outlines the planned 3,000–5,000 tpd operation with an initial five‑year mine life and targets an extension to 12 years after further resource drilling, emphasizing strong community support and existing water rights. The deck highlights a strategic relationship with Trafigura, including a US$15 million subordinated debt and working‑capital facility linked to concentrate off‑take, alongside a US$68 million senior secured project debt facility underwritten by Barclays Capital and WestLB for Invicta’s capex. The company was already public at the time and appears to be using the deck to support project‑finance and equity fundraising around 2010, ahead of planned development of the mine.

Business model: International junior mining and exploration company focused on developing gold and copper projects in Peru, notably the Invicta polymetallic (gold-silver-copper plus base metals) underground mine project.

Year

2010

Investors

Trafigura Beheer B.V. (via Urion Mining International B.V. for certain holdings)., Barclays Capital., WestLB., Participants in Andean American’s July 30, 2010 non‑brokered private placement of common shares.

Headquarters

Vancouver, British Columbia, Canada.

Industry

Mining – gold and base‑metal exploration and development.

Round: Public company project financing and strategic equity placements for mine development (TSX.V: AAG).

Raising: Project‑level financing totaling approximately US$83M for Invicta (US$68M senior secured project debt plus US$15M subordinated / cost‑overrun and working‑capital facility), supplemented by corporate‑level equity placements including Trafigura’s C$3M strategic stake and a July 2010 C$3.46M private placement.

Raised: C$3,000,000 equity investment from Trafigura (approximately US$2.9M), plus C$3,461,840 from the July 30, 2010 non‑brokered private placement; project financing contemplated included a US$68M senior secured debt facility and a US$15M subordinated/cost‑overrun and working‑capital facility.

Lead investor: Trafigura Beheer B.V. as strategic partner and provider/arranger of subordinated debt and off‑take, alongside Barclays Capital and WestLB as underwriters of the senior project‑debt facility.

Use of funds as presented: Funds from Trafigura’s C$3M equity investment and subsequent private placement were earmarked for construction at the Invicta polymetallic project in Peru and general corporate purposes; the US$68M senior debt and US$15M subordinated facility were intended to fund Invicta’s capital costs, cost overruns and working capital.

What happened after the Andean American Gold Corp. deck

Following the financing efforts described in the circa‑2010 deck, Andean American Gold secured equity investment and off‑take agreements with Trafigura, completed additional private placements, and arranged senior and subordinated project‑debt facilities to fund Invicta. Within two years, the company entered into and completed a business combination under which Lupaka Gold Corp. acquired Andean Am

• Trafigura agreed to invest approximately C$3 million for about an 8.7% equity stake in Andean American and to secure lon
• By mid‑2010 Andean American completed a non‑brokered private placement of 6,923,682 common shares at C$0.50 per share, r
• Andean American arranged a US$68 million senior secured project debt facility underwritten by Barclays Capital and WestL
• On July 6, 2012, Lupaka Gold and Andean American signed a binding letter of intent for a business combination to create
• On October 1, 2012, Lupaka Gold Corp. completed the acquisition of Andean American Gold Corp. following court and stock‑

What the Andean American Gold Corp. deck got right

• Concrete mine plan with explicit throughput and mine‑life targets. The deck showcases a clearly defined underground mining plan for the Invicta project: 3,000 tpd in Year 1 ramping to 5,000 tpd in Year 3+, with an initial five‑year mine life and a targeted 12‑year mine life after additional drilling, giving investors concrete throughput and mine‑life parameters.
• Experienced management team with large‑project track record. Management slides emphasize experienced leadership, including a CEO with decades of construction and operational experience on 86 major mining projects such as Granduc Copper, Gibraltar, and La Coipa, and a President with senior roles at Falconbridge/Xstrata overseeing nickel sales and major operations, lending operational credibility to project execution.
• Compelling project fundamentals and infrastructure positioning. The deck highlights strong project fundamentals: Invicta is located in a mining‑friendly region of Peru near operating mines, with claimed excellent metallurgy and flow sheet, high recoveries, low grinding costs, flexible processing, state‑grid power extension, and secured water rights and tested wells.
• Robust, multi‑layered financing and strategic partnership. A major strength is the structured financing package: a US$68M senior secured project‑debt facility underwritten by Barclays Capital and WestLB and a US$15M subordinated debt / cost‑overrun and working‑capital facility from strategic partner Trafigura, supplemented by Trafigura’s C$3M equity investment and off‑take agreements, giving credibility to funding plans.
• Strategic alignment with a global commodity trader. The Trafigura relationship provides not only financing but also marketing and risk‑sharing benefits, with long‑term off‑take rights for base‑metal concentrates and options to deepen ownership and board representation, signaling confidence from a large global trader.
• Demonstrated sponsor and partner financial commitment. The deck communicates that significant equity capital (including Trafigura’s C$3M and a separate C$3.46M private placement) had already been invested or raised toward Invicta and corporate activities, suggesting meaningful sponsor commitment and reduced early‑stage funding risk.

What could have been stronger

• Financing certainty and conditions not fully clarified. The deck emphasizes that financing is "in place" (US$68M senior debt plus US$15M subordinated debt from Trafigura), but available sources indicate that some facilities were still being negotiated and contingent (e.g., Trafigura’s option to underwrite project debt only if lenders did not fund capex by year‑end), which could raise questions about certainty and timing of funding.
• Limited detail on permitting, community agreements, and ESG risk. While the presentation mentions strong community support, talented labor, and secured water rights, publicly available materials focus more on financial structures and high‑level project metrics, with limited quantitative or independent data on community agreements, permitting status, or ESG risk management.
• Execution risk underplayed relative to ambitious production targets. The deck presents ambitious mine‑life and production expectations (initial five‑year mine life with a target of 12 years, and high annual gold‑equivalent output) at a time when the project still required significant capex and development; later events show Invicta experienced financing and development challenges, suggesting execution risk that is not deeply discussed.
• Track record detail for a junior operator in Peru is thin. Management biographies highlight extensive construction and operations experience in large mining projects, but the deck gives little numerical track record on delivering junior mine development on time and budget or navigating complex Peruvian regulatory and social environments as a small‑cap issuer.

How an investor would read this deck

What draws attention

• Structure and status of the US$68M senior project debt facility (covenants, conditions precedent, interest, amortization profile) and whether it was fully committed or still subject to final approvals.
• Terms, security, and triggers for the US$15M Trafigura subordinated/working capital facility, including interplay with Trafigura’s off‑take and equity option rights.
• Project economics and sensitivity analysis: robustness of Invicta’s feasibility metrics under lower commodity prices, higher operating costs, or delays in ramp‑up.
• Permitting, social license, and environmental obligations for Invicta, including community agreements, land access, water rights, tailings management and any known disputes or risks.
• Post‑2010 trajectory: how financing and development unfolded, culminating in Lupaka Gold’s acquisition and later ICSID proceedings related to Peru, to understand realized versus projected outcomes.

Risks that stand out

• Financing execution risk if senior lenders or Trafigura declined to fund on contemplated terms, potentially delaying or downsizing the project notwithstanding the deck’s "financing is in place" language.
• Commodity‑price and polymetallic‑processing risk, as Invicta’s economics depend on gold, silver, copper and base‑metal prices and on maintaining high recoveries and low grinding costs as asserted in the deck.
• Permitting, social and environmental risk in Peru, including potential changes in regulations, community relations, or legal environment, as evidenced by later ICSID dispute materials involving the project.
• Corporate‑structure and governance risk arising from Trafigura’s strategic stake, off‑take rights, debt‑facility role and option to increase ownership and board representation, which could create alignment but also concentration of influence.
• M&A and continuity risk, given that Andean American was ultimately acquired by Lupaka Gold, meaning investors in the original vehicle faced integration, strategy‑shift, and later dispute risks not fully contemplated in the 2010 deck.

Questions this deck invites

• Is the US$68M senior secured project debt facility with Barclays Capital and WestLB fully documented, drawn and unconditional, or are there significant project‑completion or market‑price covenants that could delay funding?
• What are the detailed terms (pricing, maturity, security, covenants, and intercreditor arrangements) of the US$15M subordinated debt / cost‑overrun and working‑capital facility provided or arranged by Trafigura, and how does Trafigura’s equ
• How do the feasibility study economics for Invicta (capex ~US$65M, expected cash costs, NPV/IRR) perform under stress cases, and what contingency is built into both the budget and schedule?
• What specific community agreements and environmental permits are in place for Invicta, and have any social, environmental, or regulatory challenges emerged since this 2010 deck was prepared?
• How did the Invicta project evolve after Andean American’s acquisition by Lupaka Gold (including financing restructurings and disputes with the Peruvian state), and how do those outcomes compare with the projections in this deck?

What founders can take from the Andean American Gold Corp. deck

• Strategic partnerships with large commodity traders (such as Trafigura) can materially strengthen a junior miner’s financing and off‑take position, but the specific terms, options and governance implications must be clearly articulated to investors.
• Presenting project financing as "in place" should be backed by transparent disclosure of commitment status, conditions precedent and lender identities; sophisticated investors will scrutinize whether facilities are fully committed or contingent.
• Detailed feasibility metrics (capex requirements around US$65M, mine‑life assumptions, throughput plans) help investors assess project scale, but must be paired with realistic timelines and execution‑risk discussion to avoid over‑optimistic impressions.
• Highlighting operational strengths such as excellent metallurgy, strong community support and secure water rights is valuable, yet investors increasingly expect quantifiable evidence and independent validation of ESG and social‑license claims.
• Corporate outcomes (Andean American’s later combination with Lupaka Gold and subsequent disputes around the Invicta project) illustrate that initial financing structures and projections can diverge significantly from long‑term realities, so investors should track how assumptions evolve over time.
• Management biographies that emphasize prior delivery of large mining projects (Granduc Copper, Gibraltar, La Coipa) can build credibility, but investors benefit from understanding how that experience translates to junior‑company constraints in frontier jurisdictions like Peru.

Andean American Gold Corp. pitch deck: common questions

What is Andean American Gold and what does it do?

Andean American Gold Corp. was a TSX Venture (TSX.V: AAG)–listed junior mining and exploration company based in Vancouver, focused on developing the Invicta gold‑silver‑copper polymetallic project and other gold/copper assets in Peru.

What project is featured in Andean American Gold’s pitch deck?

The deck centers on the Invicta underground polymetallic project in Peru, designed as a 3,000 tpd operation in Year 1 ramping to 5,000 tpd by Year 3+, with an initial five‑year mine life and a target of 12 years after additional resource definition drilling. It also highlights the project’s metallurgy, flow sheet, infrastructure, community support and water rights.

What financing did Andean American Gold secure for the Invicta project?

Around 2010, Andean American arranged a US$68 million senior secured project debt facility underwritten by international banks Barclays Capital and WestLB, plus a US$15 million subordinated debt facility for cost overruns and working capital provided by strategic partner Trafigura. In addition, Trafigura agreed to make a C$3 million (about US$2.9 million) equity investment for an 8.7% stake and off‑take rights to Invicta’s copper, lead and zinc concentrates.

What role does Trafigura play in Andean American Gold’s financing and strategy?

Trafigura became a strategic partner by investing about C$3 million for roughly an 8.7% equity stake in Andean American, obtaining long‑term off‑take agreements for Invicta’s copper, lead and zinc concentrates, and arranging a US$15 million subordinated debt facility for cost overruns and working capital. Trafigura also held an option to increase its interest by a further 16% and to underwrite the Invicta project debt if other lenders did not fund capex by a specified deadline.

What ultimately happened to Andean American Gold and the Invicta project after this deck?

In 2012, Lupaka Gold Corp. entered into and completed a business combination to acquire Andean American Gold Corp., creating a combined Peru‑focused gold exploration and development company; the transaction closed on October 1, 2012 following court and exchange approvals. After this acquisition, Lupaka became the owner of the Invicta project and related assets.

Sources

Funding and outcome facts on this page were researched on 2026-08-22 from the pages below.

• Trafigura penetrates further into Peru - Mines and Communities
• Aa ggold 10 20-10
• Lupaka Gold Corp. completed the acquisition of Andean American Gold Corp. from Urion Mining International B.V. and other shareholders.
• Trafigura penetra más en Peru
• OINT DISCLO ULARS REFE E CIRCULAR DIRE...
• Aa ggold 13-10-10 pdf
• Junior Mining Companies in Peru Directory | PDF - Scribd
• Aa ggold presentation 10 4-10

Andean American Gold pitch deck slides

What each slide of the Andean American Gold pitch deck says

Slide 2

=, Es * Certain statements in this | esha oa le onan looking statements” wily the megung of the Private Securities Lgat of eform ag 1995 and Canadien securities legjsiation. Suc! onvare -looking FLatements involve. (nown and un) non sks, uncértainties cn; other factors hic ay cad le actual resi s, performance or ac eR of the Company, or other future GAL inclu ing foteoqat pm uction, cone an cas ows, 1p, be ‘materially different from any future results, performances or achievements or other events éxpressly or implicitly predicted by such forwdrd-looking staternents. - uch risks, uncertainties and other factors include, but are not limited to, factors associated with fluctuations in the mark…

Slide 3

OVERVIEW * Near Term Gold Production 5 Invicta Project is 100% Owned . Project team with over 200 years development/operations experience + ElAreceived subject to conditions precedent, long lead time items bought . Commissioning expected 12 months after start of construction . Projected production 160,000 Au Eq Oz per Year @ $US 275/0z LOM Cash Cost + World Class Assets in Pipeline . Sinchao Gold/Copper project with initial inferred resource of 237 M tonnes containing 3.73M oz Au, 2.45B Ib Cu and 92M oz Ag with average grades of .47% Cu, .49g/t Au and 12.1g/t Ag., using prices of $1.50/Ib Cu, $600/0z Au and $8/0z Ag. cs POY @ ANDEAN

Slide 4

MANAGEMENT . John F. Huguet, CEO 8 years as President and 4 years as Managing Director of Atkinson Holdings and Commonwealth Construction. During his 33 years the company constructed and placed into operation 86 major mining projects, including the Granduc Copper Mine (Asarco), Gibraltar (Placer Development) and La Coipa (Placer Dome). . David Rae, President Ten years in senior positions with Falconbridge/Xstrata, including Senior Vice President Europe & Africa, and worldwide head of sales for all Nickel Group products. Previously he managed the Sudbury Smelter and the Timmins Copper Operations. Prior to joining Andean American, Mr. Rae has been advising in a consulting capacity to companie…

Slide 5

THE INVICTA PROJECT * Underground Operation: 3,000 tpd Year 1, up to 5,000 tpd Year 3+ + Initial 5 Year Mine Life, target 12 Years after resource definition drilling » Exciting exploration potential * Located in Peru, close to other operating mines + Excellent metallurgy and flow sheet: high recoveries, low grinding costs, flexible process + Power supply via line extension of state power grid * Very strong community support and a talented labor pool » Water rights obtained, wells drilled and tested TSX.V : AAG " ANDEAN www.aaggold.com AMERICAN

Slide 6

LOCATION Invicta . “ea Sinchao Metals el (TSXV:SMIZ) ~~] TSX.V : AAG www.aaggold.com @ ANDEAN OLD

Slide text above is read directly from the Andean American Gold deck PDF embedded on this page.

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