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Investor Presentaiton

Veladero - ASTER Mineral Models and Thermal (Silica) Response Production from 2005-2017: 8.2 Moz Au and 16.6 Moz Ag from 319Mt at 1.09 g/t Au and 14.9 g/t Ag (from NI43-101 Technical Report, 2018). M+I Resource (as of 31/12/2017): 2.6 Moz Au and 54.5 Moz Ag from 140Mt at 0.57 g/t Au and 12.1 g/t Ag. Veladero +405000 E Limit of mapped quartz-alunite alt. Open-pit (approx.) +408000 E +411000 E Muscovite 95/98%tile Pyrophyllite 95/98%tile Jarosite 98%tile Chlorite/ epidote 80% +6753000 N Thermal Response 0.0130 0.0104 Figure 15: Apparent zonation of hydrothermal alteration in the Veladero area, draped over the ASTER thermal image, showing ASTER mineral models for muscovite, pyrophyllite, chlorite and epidote and the Sentinel 2 model for jarosite. Note that the ASTER data was collected in 2001 prior to the start of mine production in 2005. The Sentinel 2 data is from 2016 or thereafter. The pre-mine surface hydrothermal alteration, as summarized by Holley (2012, CSM PhD thesis), shows that the ASTER thermal response delineates the silica / residual quartz-alunite alteration at Veladero. 0.0078 0.0052 0.0026 0.0000 1000 2000 3000 100 +408000 +411000 E 18
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