Guidance

2018 Guidance

Guidance for FY 2018 for Turmalina, Pilar and Roça Grande (“RG”) mines is as follows:

2018 Production & Guidance cost

Turmalina

CCA

Consolidated

Pilar

RG

Low

High

Low

High

Low

High

Low

High

Gold production (ounces)

50,000

57,000

36,000

42,000

4,000

6,000

90,000

105,000

Cash Operating Cost (US$/oz)

675

775

700

800

825

925

700

800

All-in sustaining cost (US$/oz)

900

1,000

950

1,050

1,100

1,250

950

1,100

Sustaining Capex (US$'000)

12,000

15,000

9,000

11,000

1,000

2,000

22,000

28,000

Development

    

Primary waste (m)

2,200

2,800

2,000

2,200

300

400

4,500

5,400

Secondary ore (m)

1,800

2,100

1,000

1,150

200

250

3,000

3,500

Diamond drilling (m)

18,000

25,000

14,000

20,000

3,000

5,000

35,000

50,000