Investor Presentaiton

• • Declining Global Gold Discoveries Global Gold Discoveries vs. Exploration Spending, 1990-2019 S&P Global Market Intelligence Gold in major discoveries Projected new gold in major discoveries Gold Exploration Budgets INVESTOR PRESENTATION - MARCH 2021 120 160 Gold in major discoveries (millions of ounces) 0 40 1990 1991 80 1992 1993 200 240 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 Gold discovery rates are down significantly from the 1990s and 2000s despite high exploration spending No major gold discoveries in recent years 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Gold exploration budget (US$ millions) 11 FORAGE ORBIT GARANT DRILLING

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