Quarterly Report to 30 June 2016

Highlights
Operations

  • Gold Production – Gold production for the June quarter was 24,568 ounces and gold sold was
    26,487 ounces.
  • Costs – Cash costs for the June quarter were US$953 per ounce. All-in Sustaining Costs (“AISC”)*
    for the June quarter were US$1,245 per ounce.
  • 2016 Mine Plan – The June quarter saw total material moved up 38% from the June 2015 quarter
    and in excess of the 2016 Mine Plan, resulting in higher costs. However, this allowed the strip ratio for
    the first half of 2016 to track back to plan with the cutbacks at AB1, AB2 and Duckhead. As previously
    highlighted, substantially higher gold production is forecast for the second half of the year and the
    Company remains on track to achieve its production guidance of 145,000 to 160,000 ounces for
    CY2016.

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