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Investor Presentaiton

Operating Cost Summary AISC of $681 per ounce - bottom of the industry cost curve Average LOM operating costs are estimated at $623 per ounce of gold produced, or $23.68 per tonne of ore milled Average LOM mining cost is $2.36 per tonne mined Operating Cost Summary Mining Total (USD MM) Unit Cost (USD/t milled) Cost per oz (USD/oz) Closure Costs Sustaining Capital 2% Transport & Refining $459 $9.51 $250 7% 1% Processing G&A $427 $8.83 $233 Royalties $151 $3.13 $82 7% Total Site Costs $1,037 $21.48 $565 Transport & Refining $18 $0.38 $10 Government Royalty $44 $0.91 $24 Mining 37% Private Royalty $44 $0.91 $24 G&A Total Operating Cost $1,143 $23.68 $623 12% Sustaining Capital $83 $1.72 $45 ClosureCosts $24 $0.49 $13 AISC $1,250 $25.88 $681 Total Unit Cost Processing 34% Mining Cost Summary (USD MM) (USD/t) Mining - per tonne mined $459 $2.36 TSXV:GMIN 28
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