Highlights - 1Q19

• Quarterly gold production decreased 6.7% vs. 1Q18 as expected primarily due to a slower overall speed of recovery resulting from the higher level of the leaching pads,which increased the residence time of the solution in the pads. This was mitigated by a higher ore grade mainly as a result of the contribution of the 2^nd line of the Dynamic Leaching Plant, which is now operating at full capacity. Additionally, 1Q19 gold production compared negatively to that of 1Q18 as there was a higher than expected gold production during 1Q18 following a further inventory reduction on the leaching pads.

• Construction of an additional leaching pad is underway and due to be concluded in the second half of this year.

• Quarterly gold production decreased 3.7% vs. previous quarter due to lower overall speed of recovery and lower ore grade, mitigated by higher volume of ore processed as heavy rainfall (4Q18) impacted operations at the Merrill Crowe plant.

• Expected gold ore grade in 2019 remains at 0.70-0.75 g/t
  
  

2018 - Summary

• The second line at the DLP was commissioned at the end of 2018

• 102,592 metres of exploration drilling to strengthen metrics for the Centauro Pit expansion

• Tests undertaken on the leaching pads confirmed additional gold content, resulting in an increase of 98.9 thousand ounces of gold as at 1 January 2018

• The increase in resources/reserves led to a new pit design, resulting in the need to change from 2 to 1 components, resulting in an effect on costs
  

• Pilot project to evaluate the use of dual fuel systems for haulage equipment
  
  
• Installation of vibrating screens at the DLP Phase I
  
  

Performance Targets - 2019