<SEC-DOCUMENT>0001571049-16-011658.txt : 20160211
<SEC-HEADER>0001571049-16-011658.hdr.sgml : 20160211
<ACCEPTANCE-DATETIME>20160211082653
ACCESSION NUMBER:		0001571049-16-011658
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160210
FILED AS OF DATE:		20160211
DATE AS OF CHANGE:		20160211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KINROSS GOLD CORP
		CENTRAL INDEX KEY:			0000701818
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				650430083
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13382
		FILM NUMBER:		161408099

	BUSINESS ADDRESS:	
		STREET 1:		25 YORK STREET
		STREET 2:		17TH FLOOR
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2V5
		BUSINESS PHONE:		8013639152

	MAIL ADDRESS:	
		STREET 1:		25 YORK STREET
		STREET 2:		17TH FLOOR
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2V5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PLEXUS RESOURCES CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>t1600057_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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     <TITLE></TITLE>
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<P STYLE="margin: 0"></P>


<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM 6-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PURSUANT TO RULE 13a-16 OR 15d-16</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNDER THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the month of February, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number: 001-13382</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">KINROSS GOLD CORPORATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of registrant's name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>17<SUP>th</SUP> Floor, 25 York Street,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Toronto, Ontario M5J 2V5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Indicate by check mark
whether the registrant files or will file annual reports under cover of Form 20-F or Form 40F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Form 20-F_____&#9;Form 40-F_<U>X</U>__</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Note: Regulation S-T Rule
101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security
holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Note: Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant's &quot;home country&quot;), or under the rules of the home country exchange on
which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to
be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on EDGAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Indicate by check mark
whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Yes_____&#9;No_<U>X</U>__</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 0.5in; border-bottom: Black 1.5pt solid">If
&quot;Yes&quot; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2b:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Current Report on Form 6-K, dated February
10, 2016 is specifically incorporated by reference into Kinross Gold Corporation's Registration Statements on Form S-8 (Registration
Nos. 333-180824, 333-180823 and 333-180822), filed on April 19, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This report on Form 6-K is being furnished
for the sole purpose of providing a copy of the press release dated February 10, 2016 in which Kinross Gold Corporation announced
results for the fourth quarter and full-year ended December 31, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">INDEX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Table of Contents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><U>SIGNATURES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><U>EXHIBIT INDEX</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">99.1</TD><TD STYLE="text-align: left">Press Release dated February 10, 2016</TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 372pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 372pt; text-align: right">Page 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><B>KINROSS GOLD CORPORATION</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Signed: //Shelley M. Riley//&#9;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Vice President, Office Services and </TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Corporate
Secretary&#9;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">February 10, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>t1600057_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Exhibit
99.1</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="KINROSS LOGO">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="color: #C59B5F"><B>Kinross Gold Corporation</B></FONT><BR>
    <BR>
25 York Street, 17th Floor<BR>
    Toronto, ON Canada M5J 2V5</TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>



<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: gray"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>For
more information,</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: gray"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>please
see Kinross&rsquo; 2015 year-end</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Financial Statements and MD&amp;A&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><B>at
</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>www.kinross.com</U></FONT></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: gray"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>NEWS
RELEASE</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: gray"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #C59B5F"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Kinross
reports 2015 fourth-quarter and full-year results</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">Full-year
2015 production at high end of guidance range and costs at low end&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">Company
forecasts record production and lower all-in sustaining cost in 2016&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Toronto,
Ontario &ndash; February 10, 2016 </B>&ndash; Kinross Gold Corporation (TSX: K, NYSE: KGC) today announced its results for the
fourth-quarter and year-end December 31, 2015.&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>(This
news release contains forward-looking information about expected future events and financial and operating performance of the
Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on page
31 of this release. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.)</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2015
fourth-quarter highlights:&#9;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Production</B><FONT STYLE="font-size: 10pt; color: black"><SUP>1</SUP></FONT>:
                                         623,716<B> </B>gold equivalent ounces (Au eq. oz.), compared with 672,051 ounces in Q4
                                         2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"></FONT><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Revenue:
                                         </B>$706.2 million, compared with $791.3 million in Q4 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Production
                                         cost of sales</B><FONT STYLE="font-size: 10pt; color: black"><SUP>2</SUP></FONT><B>:
                                         </B>$688 per Au eq. oz., compared with $714 in Q4 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>All-in
                                         sustaining cost</B><SUP>2</SUP><B>: </B>$991 per Au eq. oz. sold, compared with $1,006
                                         in Q4 2014. All-in sustaining cost per gold ounce (Au oz.) sold on a by-product basis
                                         was $988 in Q4 2015, compared with $1,001 in Q4 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Adjusted
                                         operating cash flow</B><SUP>2</SUP><B>: </B>$203.8 million, or $0.18 per share, compared
                                         with $217.2 million, or $0.19 per share, in Q4 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Adjusted
                                         net loss</B><SUP>2,3</SUP><B>: </B>$68.8 million, or $0.06 per share, compared with an
                                         adjusted loss of $6.0 million, or $0.01 per share, in Q4 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Reported
                                         net loss</B><FONT STYLE="font-size: 10pt; color: black"><SUP>3</SUP></FONT><B>: </B>$841.9
                                         million, or $0.73 per share, compared with a loss of $1,473.5 million, or $1.29 per share,
                                         for Q4 2014. The Q4 reported net loss includes a non-cash, after-tax impairment charge
                                         of $430.2 million related to property, plant and equipment, and a write down of inventory
                                         and other assets of $235.0 million.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="color: #C59B5F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2015
full-year highlights:</B></FONT></P>

<P STYLE="color: #C59B5F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Production</B><SUP>1</SUP><B>:
                                         </B>2,594,652 Au eq. oz. compared with 2,710,390 ounces for full-year 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Revenue:
                                         </B>$3,052.2 million, compared with $3,466.3 million for full-year 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Production
                                         cost of sales</B><SUP>2</SUP><B>: </B>$696 per Au eq. oz. compared with $720 for full-year
                                         2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>All-in
                                         sustaining cost</B><SUP>2</SUP><B>: </B>$975 per Au eq. oz. sold, compared with $973
                                         for full-year 2014. All-in sustaining cost per Au oz. sold on a by-product basis was
                                         $971 for full-year 2015, compared with $965 per Au oz. sold for full-year 2014.<B> </B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Adjusted
                                         operating cash flow</B><SUP>2</SUP><B>: </B>$786.6 million, or $0.69 per share, compared
                                         with $1,023.8 million, or $0.89 per share, for full-year 2014.<B> </B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Adjusted
                                         net loss</B><SUP>2,3</SUP><B>: </B>$91.0 million, or $0.08 per share, compared with adjusted
                                         earnings of $131.1 million, or $0.11 per share, for full-year 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Reported
                                         net loss</B><SUP>3</SUP><B>: </B>$984.5 million, or $0.86 per share, compared with a
                                         loss of $1,400.0 million, or $1.22 per share, for full-year 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Capital
                                         expenditures: </B>$610.0 million, compared with $631.8 million for full-year 2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Balance
                                         sheet: </B>Cash and cash equivalents of $1,043.9 million at year end, compared with $983.5
                                         million at December 31, 2014<FONT STYLE="font-size: 10pt; color: black"><SUP>4</SUP></FONT>.
                                         The Company paid down debt by $80.0 million in 2015.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="color: #C59B5F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Outlook,
Mineral Reserves and Mineral Resources, Exploration update:</B></FONT></P>

<P STYLE="color: #C59B5F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2016
                                         Outlook:</B> Kinross expects to produce a record 2.7 - 2.9 million Au eq. oz. at a production
                                         cost of sales per Au eq. oz. of $675 - $735 and an all-in sustaining cost per Au eq.
                                         oz. of $890 - $990. Total capital expenditures are forecast to be approximately $595
                                         million.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Mineral
                                         reserves and mineral resources</B><FONT STYLE="font-size: 10pt; color: black"><SUP>5</SUP></FONT><B>:
                                         </B>Proven and probable mineral reserve estimates at year-end 2015 were 34.0 million
                                         Au oz. with additions largely offsetting depletion over the year. Measured and indicated
                                         mineral resources estimates were 28.6 million Au oz., a 24% increase compared with year-end
                                         2014.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exploration:
                                         </B>Exploration activities at La Coipa, Tasiast and Dvoinoye added approximately 1.4
                                         million Au oz. and 43.1 million silver ounces (Ag oz.) to Kinross&#8217; estimated measured
                                         and indicated mineral resources and 0.13 million Au oz. and 2.1 Ag oz. to its estimated
                                         inferred mineral resources.<B> </B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><FONT STYLE="font-family: Symbol">&middot;</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Nevada
                                         asset acquisition: </B>On January 11, 2016, Kinross completed the acquisition of Bald
                                         Mountain, which includes one of the largest land packages in Nevada, and 50% of Round
                                         Mountain, from Barrick Gold for $610 million<SUP>8</SUP> in cash.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: baseline"><I>1
</I></FONT><I><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Unless otherwise stated, production figures in this news
release are based on Kinross&rsquo; 90% share of Chirano production.&nbsp;</FONT></I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: baseline"><I>2
</I></FONT><I><FONT STYLE="font: 10pt Times New Roman, Times, Serif">These figures are non-GAAP financial measures and are defined
and reconciled on pages 21 to 25 of this news release. </FONT></I><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: baseline"><I>3
</I></FONT><I><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Net earnings/loss figures in this release represent &ldquo;net
earnings (loss) from continuing operations attributable to common shareholders&rdquo;. </FONT></I><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>4
Kinross has cash and cash equivalents of approximately $600 million after the close of the acquisition of the Nevada assets on
January 11, 2016. </I>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>5
2015 year-end mineral reserves and resources estimates include mineral reserves and resources from the recently acquired Bald
Mountain and 50% of Round Mountain the Company did not already own.</I></FONT></P>


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    <B>1 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="KINROSS LOGO">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="color: #C59B5F"><B>Kinross Gold Corporation</B></FONT><BR>
    <BR>
25 York Street, 17th Floor<BR>
    Toronto, ON Canada M5J 2V5</TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>CEO
Commentary&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>J.
Paul Rollinson, President and CEO, made the following comments in relation to 2015 fourth-quarter and year-end results: </I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;In
2015, Kinross continued to deliver consistent and strong operational results. We finished the year at the high end of our production
guidance and the low end of our guidance for all-in sustaining costs while recording the lowest cost of sales since 2011. Kinross
is well-positioned in today&rsquo;s challenging gold price environment, having generated solid cash flow, reduced debt and prioritized
balance sheet strength.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;We
also capitalized on an opportunity to strengthen our portfolio by acquiring quality assets in Nevada which are expected to add
production and lower overall costs, while providing a clear path to upside, with numerous expansion and brownfield exploration
opportunities and ongoing continuous improvement initiatives.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;Our
outlook remains strong for 2016, with record production and lower all-in sustaining cost of sales forecasts. We remain focused
on reducing costs and delivering against our targets to maintain our excellent track record and build value for our shareholders.
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;Looking
back over the past four years, we have consistently met our guidance targets, maintained a strong balance sheet, and produced
approximately 10 million ounces of gold. Looking forward over the next four years, we expect to produce another 10 million ounces
of gold, and intend to maintain the same record of operational dependability and balance sheet strength.&rdquo;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>2 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="KINROSS LOGO">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="color: #C59B5F"><B>Kinross Gold Corporation</B></FONT><BR>
    <BR>
25 York Street, 17th Floor<BR>
    Toronto, ON Canada M5J 2V5</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Financial
results </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Summary
of financial and operating results</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-top: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Three months ended </B></FONT></TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD><TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-top: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Years ended</B></FONT></TD><TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>December 31,</B></FONT></TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>December 31,</B></FONT></TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid">(in millions, except ounces, per share amounts, and per ounce amounts)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2015</B></FONT></TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2015</B></FONT></TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Operating Highlights from Continuing Operations</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Total gold equivalent ounces<SUP>(a)</SUP> </FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 2%; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 47%; text-indent: 8pt; padding-left: 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Produced<SUP>(c)</SUP></FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 10%; text-align: right"><B>629,528</B></TD><TD STYLE="width: 1%; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">679,646</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 10%; text-align: right"><B>2,620,262</B></TD><TD STYLE="width: 1%; text-align: left"><B>&nbsp;</B></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">2,739,044</TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-indent: 8pt; padding-left: 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sold<SUP>(c)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>638,040</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">658,730</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>2,634,867</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,743,398</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Attributable gold equivalent ounces<SUP>(a) </SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-indent: 8pt; padding-left: 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Produced<SUP>(c)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>623,716</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">672,051</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>2,594,652</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,710,390</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-indent: 8pt; padding-left: 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sold<SUP>(c)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>632,411</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">651,498</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>2,608,870</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,715,358</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Financial Highlights from Continuing Operations</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD STYLE="text-align: right"><B>&nbsp;</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Metal sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>706.2</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">791.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>3,052.2</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">3,466.3</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Production cost of sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>439.4</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">469.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>1,834.8</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,971.2</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Depreciation, depletion and amortization</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>235.0</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">229.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>897.7</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">874.7</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Impairment charges</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>674.5</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,251.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>699.0</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,251.4</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Operating loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(717.3</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1,301.4</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(742.9</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1,027.2</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Net loss attributable to common shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(841.9</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1,473.5</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(984.5</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1,400.0</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Basic loss per share&nbsp;&nbsp;attributable to common shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(0.73</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1.29</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(0.86</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1.22</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Diluted loss per share attributable to common shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(0.73</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1.29</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(0.86</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1.22</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Adjusted net earnings (loss) attributable to common shareholders<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(68.8</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(6.0</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(91.0</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">131.1</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Adjusted net earnings (loss) per share<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(0.06</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.01</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>(0.08</B></TD><TD STYLE="text-align: left"><B>)</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.11</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left">Net cash flow provided from operating activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>182.2</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">179.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>831.6</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">858.1</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Adjusted operating cash flow<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>203.8</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">217.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>786.6</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,023.8</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Adjusted operating cash flow per share<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>0.18</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.19</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>0.69</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.89</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD>Average realized gold price per ounce</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>1,108</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,201</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>1,159</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,263</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consolidated production cost of sales per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>689</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">712</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>696</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">719</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Attributable<SUP>(a) </SUP>production cost of sales per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>688</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">714</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>696</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">720</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Attributable<SUP>(a) </SUP>production cost of sales per ounce sold on a by-product basis<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>676</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">701</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>684</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">705</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Attributable<SUP>(a) </SUP>all-in sustaining cost per ounce sold on a by-product basis<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>988</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,001</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>971</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">965</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Attributable<SUP>(a) </SUP>all-in sustaining cost per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>991</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,006</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>975</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">973</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Attributable<SUP>(a) </SUP>all-in cost per ounce sold on a by-product basis<SUP>(b)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>1,055</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,162</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>1,047</B></TD><TD STYLE="text-align: left"><B>&nbsp;</B></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,072</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Attributable<SUP>(a) </SUP>all-in cost per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><B>$</B></TD><TD STYLE="text-align: right; border-bottom: Black 2px solid"><B>1,055</B></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">$</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">1,163</TD><TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><B>$</B></TD><TD STYLE="text-align: right; border-bottom: Black 2px solid"><B>1,049</B></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">$</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">1,077</TD><TD STYLE="text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>



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    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 95%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&ldquo;Total&rdquo; includes 100%
    of Chirano production. &ldquo;Attributable&rdquo; includes Kinross&rsquo; share of Chirano (90%) production.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(b)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The definition and reconciliation
    of these non-GAAP financial measures is included on<FONT STYLE="color: red"><B> </B></FONT>pages 21 to 25 of this news release.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(c)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&ldquo;Gold
    equivalent ounces&rdquo; include silver ounces produced and sold converted to a gold equivalent based on a ratio of the average
    spot market prices for the commodities for each period.&nbsp;&nbsp;The ratio for the fourth quarter of 2015 was 74.78:1, compared
    with 72.73:1 for the fourth quarter of 2014; year to date 2015 was 73.92:1 compared with 66.29:1 for 2014.</FONT></TD></TR>
</TABLE>


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<P STYLE="font: 10pt Sans-Serif; margin: 0pt 0; text-align: justify; color: Red; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
following operating and financial results are based on fourth-quarter and year-end 2015 gold equivalent production from continuing
operations. Production and cost measures are on an attributable basis:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Production:
</B>Kinross produced 623,716 attributable Au eq. oz. in the fourth quarter of 2015, a decrease over the fourth quarter of 2014,
due mainly to the temporary curtailment of milling operations at Paracatu in response to a lack of rainfall in southeastern Brazil
and lower mill grades at Chirano.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross
produced 2,594,652 attributable Au eq. oz. for full-year 2015, which was at the high end of the Company&rsquo;s 2015 guidance
range. The 4% decrease in full-year production was due mainly to lower production at Paracatu, Tasiast, Maricunga and Chirano,
partially offset by higher production at Fort Knox, Round Mountain and Kupol.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Production
cost of sales:</B> Production cost of sales per Au eq. oz.<FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT> declined to $688 for
the fourth quarter of 2015, compared with $714 for the fourth quarter of 2014 largely due to lower cost per ounce at Kupol, Round
Mountain and Maricunga. Production cost of sales per Au oz.<FONT STYLE="font-size: 10pt"><SUP> </SUP></FONT>on a by-product basis<FONT STYLE="font-size: 10pt"><SUP>2
</SUP></FONT>was $676 in Q4 2015, compared with $701 in Q4 2014, based on Q4 2015 attributable gold sales of 613,835 ounces and
attributable silver sales of 1,389,110 ounces.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Production
cost of sales per Au eq. oz. was $696 for full-year 2015, at the low end of the revised guidance range and a reduction of $24
per ounce compared with $720 for full-year 2014. The full-year decrease was due mainly to a $105 per ounce reduction at Round
Mountain and a $83 per ounce reduction at Fort Knox. Production cost of sales per Au oz. on a by-product basis was $684 for full-year
2015, compared with $705 for full-year 2014, based on 2015 full-year attributable<FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT>
gold sales of 2,536,294 ounces and attributable silver sales of 5,373,074 ounces.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>3 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="KINROSS LOGO">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="color: #C59B5F"><B>Kinross Gold Corporation</B></FONT><BR>
    <BR>
25 York Street, 17th Floor<BR>
    Toronto, ON Canada M5J 2V5</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>All-in
sustaining cost: </B>All-in sustaining cost per Au eq. oz. sold<FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT> decreased to
$991 in Q4 2015, compared with $1,006 in Q4 2014, primarily due to lower production cost of sales. All-in sustaining cost per
Au oz. sold on a by-product basis<FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT> was $988 in Q4 2015, compared with $1,001 in
Q4 2014.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: yellow"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">All-in
sustaining cost per Au eq. oz. sold was $975 for full-year 2015, compared with $973 for full-year 2014. The slight increase was
due mainly to a decrease in ounces sold and an increase in sustaining capital, offset by lower operating costs. All-in sustaining
cost per Au oz. sold on a by-product basis was $971 for full-year 2015, compared with $965 for full-year 2014.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Revenue:
</B>Revenue from metal sales was $706.2 million in the fourth quarter of 2015, compared with $791.3 million during the same period
in 2014, due mainly to lower gold sales and a lower average realized gold price.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Revenue
was $3,052.2 million for full-year 2015, compared with $3,466.3 million for full-year 2014, due mainly to lower gold sales and
a lower average realized gold price.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Average
realized gold price: </B>The average realized gold price in Q4 2015 declined to $1,108 per ounce, compared with $1,201 per ounce
in Q4 2014.The average realized gold price per ounce declined to $1,159 for full-year 2015, compared with $1,263 per ounce for
full-year 2014.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Margins:
</B>Kinross&rsquo; attributable margin per Au eq. oz. sold<FONT STYLE="font-size: 10pt"><SUP>6</SUP></FONT> was $420 per Au
eq. oz. for the fourth quarter of 2015, compared with the Q4 2014 margin of $487 per Au eq. oz. Full-year margin per Au eq. oz.
was $463, compared with $543 for full-year 2014.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Operating
cash flow:</B> Adjusted operating cash flow<FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT> was $203.8 million for the fourth
quarter of 2015, or $0.18 per share, compared with $217.2 million, or $0.19 per share, for Q4 2014. Adjusted operating cash flow
for full-year 2015 was $786.6 million, or $0.69 per share, compared with $1,023.8 million, or $0.89 per share, for full-year 2014.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Earnings/loss:
</B>Adjusted net loss<FONT STYLE="font-size: 10pt"><SUP>2,3</SUP> </FONT>was $68.8 million, or $0.06 per share, for Q4 2015, compared
with an adjusted net loss of $6.0 million, or $0.01 per share, for Q4 2014. Full-year 2015 adjusted net loss was $91.0 million,
or $0.08 per share, compared with earnings of $131.1 million, or $0.11 per share, for full-year 2014.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Reported
net loss<FONT STYLE="font-size: 10pt"><SUP>3 </SUP></FONT>was $841.9 million, or $0.73 per share, for Q4 2015, compared with a
loss of $1,473.5 million, or $1.29 per share, in Q4 2014. Full-year 2015 reported net loss was $984.5 million, or $0.86 per share,
compared with a loss of $1,400.0 million, or $1.22 per share, for full-year 2014. Reported net loss includes an after-tax, non-cash
impairment charge of $430.2 million related to property, plant and equipment at Fort Knox, Tasiast and Round Mountain and a write
down of inventory and other assets of $259.5 million. The property, plant and equipment impairment resulted from a decrease in
future gold price estimates of $1,100 per ounce for 2016 and 2017, and $1,250 in the long-term. This is a reduction from 2014
impairment test estimates of $1,200 per ounce for 2015 and $1,300 per ounce long-term.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Capital
expenditures:</B> Capital expenditures decreased to $160.7 million for Q4 2015, compared with $189.4 million for the same period
last year, due mainly to lower spending at Paracatu and Tasiast.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Capital
expenditures for full-year 2015 were $610.0 million, which was below both the revised 2015 guidance and 2014 full-year capital
expenditures, mainly as a result of reduced spending at Tasiast and Kupol.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Balance
sheet </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">As
of December 31, 2015, Kinross had cash and cash equivalents, excluding restricted cash, of $1,043.9 million, an increase of $60.4
million since December 31, 2014. The Company also had available credit of $1,506.0 million as of year-end 2015.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>6
</SUP>Attributable margin per equivalent ounce sold is a non-GAAP measure defined as &ldquo;average realized gold price per ounce&rdquo;
less &ldquo;attributable production cost of sales per gold equivalent ounce sold.&rdquo;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>4 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="(KINROSS LOGO)"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kinross
Gold Corporation</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">25
York Street, 17th Floor</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Toronto,
ON Canada M5J 2V5</FONT></P>



</TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross
had cash and cash equivalents of approximately $600 million and available credit of approximately $1.3 billion after the close
of the acquisition of the Nevada assets on January 11, 2016.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross
paid down debt by $80.0 million in 2015. Other than&nbsp;$250 million&nbsp;in senior notes, which are scheduled to be repaid by&nbsp;September
2016, Kinross has no debt maturities until 2019.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Operating
results</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Mine-by-mine
summaries for 2015 fourth-quarter and full-year operating results may be found on pages 16 and 20 of this news release. Highlights
include the following:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Americas</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
region performed well, coming in at the high end of the production guidance range for 2015 despite issues at Paracatu and Maricunga
related to rain. <B>Round Mountain</B> increased production by 16% compared with 2014 due to a continuous improvement initiative
that enhanced heap leach performance. <B>Fort Knox</B> also performed well, increasing production compared with 2014 mainly as
a result of higher mill grades for the year. At <B>Paracatu</B>, production was lower compared with the previous year as low rainfall
in southeastern Brazil temporarily curtailed milling operations in the fourth quarter. <B>Maricunga</B>&rsquo;s<B> </B>production
was lower compared with the previous year mainly as a result of heavy rains in March which caused a nine-week suspension of mining
and crushing. <B>Kettle River-Buckhorn</B>&rsquo;s production decreased during the year compared with 2014 due to lower grades
as the mine continued to wind down operations, which are expected to cease in Q3 2016.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
the fourth quarter, regional production was lower compared with Q4 2014 mainly as a result of lower production at Paracatu, due
to lack of sufficient rainfall, and at Fort Knox, as mining transitioned to areas of the pit with lower grades. This was offset
by increased quarterly production at Round Mountain compared with Q4 2014.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The region ended the year below its cost of
sales guidance range for 2015. Cost of sales was also lower compared with full-year 2014 mainly as a result of favourable foreign
exchange rates at Paracatu and lower oil and consumable costs. Round Mountain, Paracatu and Fort Knox&rsquo;s full-year cost of
sales per ounce decreased compared with 2014, however, these were partially offset by higher costs at Maricunga and Kettle River-Buckhorn.
During the quarter, cost of sales per ounce for the region was lower compared with Q4 2014, due mainly to lower costs at Maricunga
and Round Mountain.</FONT></P>

<P STYLE="margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Russia</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
region performed strongly in 2015, with production at the high end of guidance and cost of sales per ounce $20 below the low end
of the guidance range. The combined <B>Kupol</B> and <B>Dvoinoye</B> operation&rsquo;s full-year production was slightly higher
compared with 2014, largely due to an increase in tonnes mined at Dvoinoye. This allowed for the processing of an increased proportion
of higher grade Dvoinoye ore to offset lower grades at Kupol. Cost of sales per ounce was lower compared with 2014 mostly as a
result of favourable foreign exchange movements and a decrease in diesel costs.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">During
the fourth quarter, production increased compared with Q4 2014 largely due to an increase in grades, while the region achieved
its lowest cost of sales per ounce since 2012, mainly due to increased gold ounces sold and favourable foreign exchange.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>West
Africa</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Production
in the region was at the higher end of the guidance range and cost of sales per ounce at the lower end for 2015. On a full-year
basis, <B>Tasiast</B> production was lower compared with 2014 due mainly to the planned reduction of dump leach production. <B>Chirano
</B>full-year production was lower compared with 2014 due mainly to lower grades as a result of declining contribution from the
higher grade Akwaaba underground deposit. In the fourth quarter, Tasiast production was lower compared with Q4 2014 due mainly
to the planned decrease in dump leach production, while Chirano Q4 production was lower compared with Q4 2014 due mainly to lower
grades.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

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    <TD STYLE="border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><B>p. 5 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #C59B5F">Kinross
    reports 2015 fourth-quarter and full-year results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="(KINROSS LOGO)"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kinross
Gold Corporation</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">25
York Street, 17th Floor</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Toronto,
ON Canada M5J 2V5</FONT></P>



</TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Cost
of sales per ounce increased compared with 2014 mainly as result of increased power and maintenance costs at Chirano and lower
production at both sites. During the quarter, cost of sales per ounce decreased at Tasiast compared with Q4 2014 mainly as a result
of lower fuel costs, and lower labour costs due to the headcount reduction in Q3 2015.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Outlook</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>The
following section of the news release represents forward-looking information and users are cautioned that actual results may vary.
We refer to the risks and assumptions contained in the Cautionary Statement on Forward-Looking Information on page 31 of this
news release. </I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
2016, Kinross expects to produce a record 2.7 - 2.9 million Au eq. oz. from its operations, compared with full-year 2015 production
of 2.59 million Au eq. oz. The forecast increase is mainly a result of the acquisition of Bald Mountain and the 50% of Round Mountain
the Company did not already own offset by grade reductions at Kupol and Chirano, and the expected closure of Kettle River-Buckhorn
in Q3 2016. Production guidance also takes into consideration the potential for a temporary curtailment of mill operations at
Paracatu due to a lack of rainfall in southcentral Brazil. Based on the significant amount of rain already received in January,
the Company does not expect a curtailment in the first half of 2016.</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Production
in the second half of 2016 is expected to be higher compared with the first half of the year due mainly to mine sequencing at
Tasiast and the seasonal impact on the heap leach at Fort Knox, Bald Mountain and Round Mountain. The lower production during
the first half of the year is expected to have a corresponding impact on cost guidance.</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Production
cost of sales per Au eq. oz. is expected to be in the range of $675 - $735 for 2016, continuing the reduction experienced in 2015,
largely as a result of favourable currency and oil movements. The Company has forecast an all-in sustaining cost for 2016 of $890
- $990 per Au eq. oz. sold, and per ounce sold on a by-product basis, which is lower than 2015 full-year guidance.</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
table below summarizes the 2016 forecasts for production and average production cost of sales on a gold equivalent and a by-product
accounting basis:</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="width: 61%; border-top: black 2px solid; border-left: black 0.5pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Accounting
        basis</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"></P></TD>
    <TD STYLE="width: 39%; border-top: black 2px solid; border-right: black 0.5pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">2016
        (forecast)&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Gold
    equivalent basis</B></FONT></TD>
    <TD STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Production
    (Au eq. oz.)</FONT></TD>
    <TD STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.7
    - 2.9 million</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Average
    production cost of sales per Au eq. oz. </FONT></TD>
    <TD STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$675
    - $735</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">All-in
    sustaining cost per Au eq. oz. </FONT></TD>
    <TD STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$890
    - $990</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>By-product
    basis</B></FONT></TD>
    <TD STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Gold
    ounces</FONT></TD>
    <TD STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;2.6
    - 2.8 million</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Silver
    ounces</FONT></TD>
    <TD STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;5.3
    - 5.8 million</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 2px solid; border-left: black 2px solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Average
    production cost of sales per Au oz.</FONT></TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$665
    - $725</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-indent: 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><B>p. 6 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #C59B5F">Kinross
    reports 2015 fourth-quarter and full-year results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-indent: 12pt">&nbsp;</P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-indent: 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

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<P STYLE="font: 10pt ArialMT; margin: 0pt 0; text-indent: 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="(KINROSS LOGO)"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kinross
Gold Corporation</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">25
York Street, 17th Floor</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Toronto,
ON Canada M5J 2V5</FONT></P>



</TD></TR>
</TABLE>


<P STYLE="font: 10pt ArialMT; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The following table provides
a summary of the 2016 production and production cost of sales forecast by region:</FONT></P>

<P STYLE="font: 10pt ArialMT; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="text-align: center; background-color: black; vertical-align: bottom">
    <TD STYLE="border-top: black 2px solid; border-left: black 0.5pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">Region</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">Forecast
        2016<BR>
 production<BR>
        <FONT STYLE="font-size: 10pt">(Au eq. oz.)</FONT></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">Percentage
of total <BR>
forecast production<FONT STYLE="font-size: 10pt"><SUP>7</SUP></FONT>&nbsp;</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 2px solid; border-right: black 0.5pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">Forecast
        2016 production <BR>
cost of sales<BR>
        <FONT STYLE="font-size: 10pt">($ per Au eq. oz.)</FONT></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
<TR>
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Americas</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.67
    - 1.77 million</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">61%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$730
    - $790</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>West
    Africa (attributable)*</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">360,000
    - 420,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">14%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$850
    - $920</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 27%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Russia
    </B></FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 2px solid; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif">670,000
    - 710,000</FONT></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 2px solid; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif">25%</FONT></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 19%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$460 - $490</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Total
    </B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2.7
    - 2.9 million</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>100%</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>$675
    - $735</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; padding-right: 5.4pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>*Based
    on Kinross&rsquo; 90% share of Chirano</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Material
assumptions used to forecast 2016 production cost of sales are as follows:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9632;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a
                                         gold price of $1,100 per ounce, </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9632;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a
                                         silver price of $15 per ounce, </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9632;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">an
                                         oil price of $55 per barrel, </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9632;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">foreign
                                         exchange rates of: </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.75
                                         Brazilian real to the U.S. dollar, </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.25
                                         Canadian dollars to the U.S. dollar, </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">55
                                         Russian rubles to the U.S. dollar, </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">650
                                         Chilean pesos to the U.S. dollar, </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.00
                                         Ghanaian cedi to the U.S. dollar, </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">300
                                         Mauritanian ouguiya to the U.S. dollar, and </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.10
                                         U.S. dollars to the Euro. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Taking
into account existing currency and oil hedges:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9632;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a
                                         10% change in foreign currency exchange rates would be expected to result in an approximate
                                         $15 impact on production cost of sales per ounce; </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9632;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">specific
                                         to the Russian ruble, a 10% change in the exchange rate would be expected to result in
                                         an approximate $14 impact on Russian production cost of sales per ounce;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9632;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">specific
                                         to the Brazilian real, a 10% change in the exchange rate would be expected to result
                                         in an approximate $24 impact on Brazilian production cost of sales per ounce;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9632;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a
                                         $10 per barrel change in the price of oil would be expected to result in an approximate
                                         $3 impact on production cost of sales per ounce;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9632;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a
                                         $100 change in the price of gold would be expected to result in an approximate $3 impact
                                         on production cost of sales per ounce as a result of a change in royalties.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total
capital expenditures for 2016 are forecast to be approximately $595 million (including estimated capitalized interest of approximately
$25 million) and is summarized in the table below:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: black; text-align: center; vertical-align: bottom">
    <TD STYLE="border-top: black 2px solid; border-left: black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White"><BR CLEAR="ALL">
    <FONT STYLE="font-size: 10pt">Region</FONT></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 2px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">Forecast
2016</FONT>&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">sustaining
        capital</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">(million)</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 2px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">Forecast
                                         2016</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White"></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">non-sustaining
        capital</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">(million)</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 2px solid; border-right: black 2px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">Total
forecast capital&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">(million)</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Americas</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$220</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$10</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$230</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>West
    Africa</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$120</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$120</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$240</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Russia
    </B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$85</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$10</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$95</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; text-align: center; width: 31%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Corporate</B></FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; width: 20%"><FONT STYLE="font: 9pt Times New Roman, Times, Serif; color: Red"><B></B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">$5</FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 2px solid; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif">$0</FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5</TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center; width: 2%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Total
    </B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$430</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$140</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">$570</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Capitalized
    interest</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">$25</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 2px solid; border-left: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>TOTAL
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 2px solid; border-bottom: black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>$595</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><SUP>7</SUP><I>The percentages are calculated based on the mid-point
of regional 2015 forecast production.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><B>p. 7 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #C59B5F">Kinross
    reports 2015 fourth-quarter and full-year results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="(KINROSS LOGO)"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kinross
Gold Corporation</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">25
York Street, 17th Floor</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Toronto,
ON Canada M5J 2V5</FONT></P>



</TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sustaining
capital includes the following forecast spending estimates:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%"><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD>
    <TD STYLE="width: 20%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Mine
    development:</FONT></TD>
    <TD STYLE="width: 76%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$60
    million (Americas)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Mobile
    equipment:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$50
    million (West Africa), $45 million (Americas), $10 million (Russia)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Tailings
    facilities:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$40
    million (Americas), $40 million (Russia), $15 million (West Africa)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Mill
    facilities:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$30
    million (Americas), $10 million (West Africa) </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Leach
    facilities:&#9;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$20
    million (Americas)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Non-sustaining
capital includes the following forecast spending estimates:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%"><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD>
    <TD STYLE="width: 36%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Tasiast
    West Branch stripping: </FONT></TD>
    <TD STYLE="width: 60%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$105
    million</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Development
    projects/studies:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">$35
    million</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
2016 forecast for exploration is approximately $70 million, none of which is expected to be capitalized. 2016 overhead (general
and administrative and business development expenses) is expected to be approximately $165 million or 20% less than last year&rsquo;s
overhead guidance. Other operating costs are forecast to be approximately $45 million, which includes $15 million for care and
maintenance at La Coipa and Kettle River-Buckhorn, as well as an estimated $10 million for closing costs associated with the acquisition
of assets in Nevada.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
Based on the Company&rsquo;s assumed metal price, oil price and foreign exchange rates, income tax expenses are expected to be
nil and taxes paid (net of recoveries) are expected to be approximately $75 million, with both increasing for 23% of any profit
resulting from changes in those underlying assumptions. Depreciation, depletion and amortization is forecast to be approximately
$375 per Au eq. oz.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tasiast
expansion update</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross
is finalizing studies on a two-phased expansion plan to realize Tasiast&rsquo;s significant growth potential in the current gold
price environment. The two-phased expansion is expected to leverage existing mill infrastructure to optimize the current operation
in the near term and lower overall capital costs compared with earlier project forecasts.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Phase
One of the potential expansion contemplates adding incremental grinding capacity to the operation&rsquo;s existing comminution
circuit to increase mill throughput from the current 8,000 t/d to 12,000 t/d. Phase Two contemplates further increasing throughput
capacity with the installation of additional milling, leaching, thickening and refinery capacity.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Company expects to complete and provide results of the Phase One feasibility study and the Phase Two pre-feasibility study in
late March. The studies are progressing well, as the Company continues to focus on optimizing the potential expansion plan and
reducing capital costs. Any potential go-forward decision on the expansion will depend on a range of factors, including the gold
price environment and projections, expected economic returns and various technical and other considerations.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross
is also continuing to optimize the current Tasiast operation to reduce costs. During the fourth quarter, the Company upgraded
the tertiary crushing circuit, automated the secondary crusher feed, optimized grinding media, and completed a comprehensive upgrade
of conveyors. These improvements resulted in increased average throughput of 7,500 tpd in Q4 2015, compared with 6,800 tpd in
Q3 2015.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><B>p. 8 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #C59B5F">Kinross
    reports 2015 fourth-quarter and full-year results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="(KINROSS LOGO)"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kinross
Gold Corporation</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">25
York Street, 17th Floor</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Toronto,
ON Canada M5J 2V5</FONT></P>



</TD></TR>
</TABLE>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Acquisition
of quality Nevada assets</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
January 11, 2016, Kinross completed its acquisition of 100% of the Bald Mountain gold mine, which includes one of the largest
land packages in Nevada, and 50% of Round Mountain the Company did not already own, from Barrick Gold Corporation for $610 million
in cash<SUP>8</SUP> under a definitive asset purchase agreement. The cash purchase price is subject to a typical working capital
adjustment.&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Bald
Mountain update</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Bald Mountain integration is proceeding well, with Kinross recently appointing Round Mountain&rsquo;s General Manager (GM) &ndash;
who has extensive experience in Nevada and with open-pit, heap leach mines &ndash; as the new Bald Mountain GM.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Bald
Mountain represents a high-quality brownfield opportunity and will be a key aspect of Kinross&rsquo; 2016 exploration program,
with approximately $6.0 million of the exploration budget allocated for the site. The Company has established a new exploration
team and initiated drilling to focus on upgrading and adding to the existing estimated mineral resource base. The immediate priority
is within the footprint of the active mining areas in extensions to known deposits.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Drilling
in the North area of the property will include the Top, Redbird, Winrock and Saga deposits while geological reviews will be conducted
for the South area deposits including Yankee and Vantage (see Appendix A: Figure 7). Drilling in the South area will commence
as soon as the permitting process is completed, which is expected mid-2016. Both the North and South areas are 100% Kinross owned.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">At
the Kinross-Barrick 50-50 joint venture area, the Company will perform a review of the site geoscience data in addition to completing
targeted field work with the objective of developing geological models and generating new targets. The Company will also consider
drilling some priority targets already identified by Barrick.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Russia
projects update </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Company has completed a pre-feasibility study and is advancing the development of the Moroshka project, located approximately
four kilometres east of Kupol and within the Kupol licence area (Appendix A: Figure 4). The Company expects to commence mining
in 2018 to process ore in the Kupol mill.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">At
the September Northeast<B> </B>target,<B> </B>located approximately 15 kilometres northwest of the Dvoinoye mine, (Appendix A:
Figure 5) material is currently being fast tracked to production, expected in late 2017, through a trial mining of bulk samples
approved under terms of the exploration license.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">For
more information on exploration results at Kupol and Dvoinoye, see page 13 of this news release.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Non-cash
impairment </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Company completed its annual assessment of the carrying value of its cash generating units (CGU) for the year-ended December 31,
2015, and as a result, recorded an after-tax, non-cash impairment charge of $430.2 million. The impairment charge resulted from
reduced future gold price estimates and included charges of $240.2 million at Fort Knox, $147.0 million at Tasiast and $43.0 million
at Round Mountain related to property, plant and equipment. The impairment charge was a result of a reduction in future gold price
estimates to $1,100 per ounce for 2016 and 2017, and $1,250 in the long-term, down from $1,200 per ounce for 2015 and $1,300 per
ounce long-term in the 2014 impairment test.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Company also recorded inventory and other asset write-downs of $259.5 million primarily due to a change in accounting estimates
for supplies inventory and a write-down of low-grade stockpiles and dump leach inventory at Tasiast and stockpiles at Maricunga.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I><SUP>8
</SUP>Barrick will also receive a contingent 2% net smelter return royalty on future gold production from Kinross&rsquo; 100%-owned
Bald lands that comes into effect following the post-closing production of 10 million ounces from such lands. The cash purchase
price is subject to a typical working capital adjustment.</I></FONT></P>

<P STYLE="margin: 0pt 0">&nbsp;&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><B>p. 9 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #C59B5F">Kinross
    reports 2015 fourth-quarter and full-year results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="(KINROSS LOGO)"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kinross
Gold Corporation</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">25
York Street, 17th Floor</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Toronto,
ON Canada M5J 2V5</FONT></P>



</TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Board
update</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Board of Directors of Kinross has appointed Mr. Ian Atkinson as a Director. Mr. Atkinson has more than 40 years of experience
in the mining industry and was most recently the President and CEO, and a Director, of Centerra Gold. Mr. Atkinson has contributed
to the discovery of several major mineral deposits and been involved in a number of large global mining projects in his career,
and has also held executive management positions with Hecla Mining Company and Battle Mountain Gold. Mr. Atkinson has extensive
background in exploration, project development, and mergers and acquisitions.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Mr.
John K. Carrington, who has been a Kinross Board member since 2005, has decided to retire and will not stand for re-election at
the Company&rsquo;s next annual meeting of shareholders on May 11, 2016. Kinross&rsquo; Board of Directors and management team
would like to thank Mr. Carrington for his many contributions and his distinguished directorship on the Board.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2015
Mineral Reserves and Mineral Resources update</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>(See
also the Company&rsquo;s detailed Annual Mineral Reserve and Mineral Resource Statement estimated as at December 31, 2015 and
explanatory notes starting at page 26.)</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
preparing the Company&rsquo;s 2015 year-end mineral reserves and mineral resource estimates as of December 31, 2015, Kinross has
maintained gold price assumptions used since 2011: $1,200 per ounce for mineral reserves and $1,400 per ounce for mineral resources.
Kinross continued to focus on estimated higher margin, lower cost ounces, and maintained its fully-loaded costing methodology.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Proven
and Probable Mineral Reserves<SUP>9</SUP> </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross&rsquo;
total estimated proven and probable gold reserves of 34.0 million ounces at year-end 2015, which include estimated gold reserves
from the recently acquired assets in Nevada, was largely maintained compared with the previous year&rsquo;s 34.4 million ounces,
as additions largely offset depletions. The slight net year-over-year decrease was mainly as a result of depletion across the
Company&rsquo;s portfolio and revised pit designs at Maricunga. This was offset in part by the acquisition of assets in Nevada,
which added 1.8 million Au oz., including a net increase of 91 Au koz. at Round Mountain on a 100% basis, and the net addition
of 0.21 million estimated Au oz. at Chirano, as gold ounces from Akoti were upgraded into reserves.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Proven
and probable silver reserves at year-end 2015 were estimated at approximately 41.0 million ounces, a net decrease of 3.0 million
ounces from year-end 2014, primarily due to production depletion. Silver reserves were estimated using a silver price assumption
of $17.00 per ounce.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Proven
and probable copper reserves at year-end 2015 were estimated at 1.4 billion pounds, unchanged from year-end 2014. Copper reserves,
which are exclusively at Cerro Casale, were estimated using a copper price assumption of $2.00 per pound.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Measured
and Indicated Mineral Resources<SUP>9</SUP></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross&rsquo;
total estimated measured and indicated mineral resources at year-end 2015, which include mineral reserves from the recently acquired
Bald Mountain and the 50% of Round Mountain Kinross did not already own, increased by approximately 5.5 million Au oz. to approximately
28.6 million Au oz. compared with year-end 2014. The 24% net increase in estimated mineral resources was mainly as a result of
the acquisition of assets in Nevada, which added 4.2 million Au oz., and additions of 0.87 million Au oz. at La Coipa, the majority
of which was from exploration results at Phase 7 and Catalina, and 0.3 million Au oz. at Tasiast from the Tamaya deposit, 0.28
million Au oz. at Maricunga and 0.26 million Au oz. at Paracatu. The increase in estimated mineral resources was offset by a reduction
of 0.47 million Au oz. at Chirano, mainly as a result of reclassification of Au oz. from mineral resources to mineral reserves.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Measured
and indicated silver resource estimates more than doubled to 73.1 million ounces, assuming a $20.00 per ounce silver price, mainly
as a result of additions at La Coipa, the acquisition of 50% of Round Mountain Kinross did not already own, increases at the Gold
Hill deposit at Round Mountain, and additions at Kupol.</FONT></P>




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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><B>p. 10 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #C59B5F">Kinross
    reports 2015 fourth-quarter and full-year results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

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    <TD STYLE="width: 50%"><IMG SRC="t1600057001_v1.jpg" ALT="(KINROSS LOGO)"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kinross
Gold Corporation</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">25
York Street, 17th Floor</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Toronto,
ON Canada M5J 2V5</FONT></P>



</TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Inferred
Mineral Resources<SUP>9</SUP> </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross&rsquo;
total estimated inferred gold resources at year-end 2015 were approximately 4.7 million ounces, a net increase of approximately
0.7 million ounces compared with year-end 2014, primarily due to the addition of Bald Mountain.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exploration
update </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">During
2015, the Company continued to prioritize brownfield projects and exploration within the existing footprint of the majority of
Kinross mines and surrounding districts. During the year, exploration activities at La Coipa, Tasiast and Dvoinoye added 1,394.7
Au koz. and 43,120 Ag koz. to Kinross&rsquo; estimated measured and indicated mineral resources and 126 Au koz. and 2,144 Ag koz.
to its estimated inferred mineral resources<FONT STYLE="font-size: 10pt"><SUP>9</SUP></FONT>. Highlights include:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tasiast</B>:
                                         Measured and indicated mineral resource estimates totaling 335.2 Au koz. and an inferred
                                         mineral resource estimate of 55.5 Au koz. were defined at the Tamaya target at the Tasiast
                                         Sud license.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>La
                                         Coipa</B>: A measured and indicated mineral resource estimate of 328 Au koz. and 7,885
                                         Ag koz. and an inferred mineral resources of 70.5 Au koz. and 2,142 Ag koz. was defined
                                         at the Catalina deposit, located less than one kilometre southeast of the Phase 7 deposit.
                                         </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Dvoinoye</B>:
                                         A high-grade indicated mineral resource estimate of 67.7 Au koz. at an average grade
                                         of 32.3 g/t was defined at September Northeast, located 15 kilometres west-northwest
                                         of the Dvoinoye mine.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Chirano</B>:
                                         Drilling contributed to an extension of gold mineralization approximately 200 metres
                                         to the south and 300 metres at depth of the Suraw resource. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Bald
                                         Mountain</B>: Exploration in 2016 will focus on expanding the existing estimated mineral
                                         resource base and initiating exploration for new deposits at this recently acquired high-quality
                                         brownfield exploration opportunity.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">A
summary of the 2015 highlights is presented below. Additional details may be found in the Appendices. Appendix A provides illustrations,
captions, and accompanying explanatory notes, and Appendix B provides drilling results and location data corresponding to the
figures below.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Appendix
A: <U>http://www.kinross.com/files/annual/Exploration-Update-YE-Disclosure-2015_Appendix-A.pdf</U></B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Appendix
B: <U>www.kinross.com/files/annual/Exploration-Disclosure-2015-Appendix-B.xlsx </U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>La
Coipa</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">As
part of the <B>La Coipa</B><SUP>10</SUP> pre-feasibility (PFS) study completed in 2015, an oxide measured and indicated mineral
resource of 664.2 Au koz. at 1.6 g/t and 35,235.6 Ag koz. at 85.8 g/t was estimated at the Phase 7 deposit<FONT STYLE="font-size: 10pt"><SUP>9</SUP></FONT>.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Phase
7 Pompeya deposit Mineral Resource estimates (gold):</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 70%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="background-color: black">
    <TD STYLE="width: 31%; border: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Classification</B></FONT></TD>
    <TD STYLE="width: 23%; border-top: black 2px solid; border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tonnes
        </B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(kt)</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"></P></TD>
    <TD STYLE="width: 23%; border-top: black 2px solid; border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Grade
        </B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Au
        g/t)</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD>
    <TD STYLE="width: 23%; border-top: black 2px solid; border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Ounces
</B></FONT>&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Au
koz)</FONT>&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">Measured
    &amp; Indicated</FONT></TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">12,774.5</FONT></TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">1.6</FONT></TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">664.2</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Phase
7 Pompeya deposit Mineral Resource estimates (silver):</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 70%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="background-color: black">
    <TD STYLE="width: 31%; border-top: black 2px solid; border-right: black 2px solid; border-left: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Classification</B></FONT></TD>
    <TD STYLE="width: 23%; border-top: black 2px solid; border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tonnes
        </B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(kt)</FONT>&nbsp;</P></TD>
    <TD STYLE="width: 23%; border-top: black 2px solid; border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Grade
        </B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Ag
        g/t)</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"></P></TD>
    <TD STYLE="width: 23%; border-top: black 2px solid; border-right: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Ounces
        </B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Ag
koz)</FONT>&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">Measured
    &amp; Indicated</FONT></TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">12,774.5</FONT></TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">85.8</FONT></TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">35,235.5</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>9
</SUP>See also Kinross&rsquo; Annual Mineral Reserve and Mineral Resource Statement, estimated as at December 31, 2015, and explanatory
notes at page 26.</I></FONT></P>

<P STYLE="margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>10</SUP> The addition of the estimated
measured and indicated resources from Phase 7 are reported at 100% ownership, however Kinross has a 75% interest in the Phase
7 project. Kinross&rsquo; 65% interest in Puren, which was also included in the pre-feasibility study, was previously included
in the Company&rsquo;s mineral reserves and resources estimates at year-end 2014. For more information regarding the La Coipa
pre-feasibility study, please see Kinross&rsquo; 2015 Q3 results news release from November10, 2015 at <U>www.kinross.com</U>.</I></FONT></P>

<P STYLE="margin: 0pt 0"><I>&nbsp;</I></P>


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    <TD STYLE="text-align: right; border-bottom: #C59B5F 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><B>p. 11 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #C59B5F">Kinross
    reports 2015 fourth-quarter and full-year results</FONT></B></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


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<P STYLE="margin: 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">At
<B>Catalina</B>, additional core drilling was conducted as infill and step-out drilling, following up on 2014 results. The 2015
results, which were not included in the La Coipa PFS,<B> </B>combined with previous years&rsquo; positive drill intersections,
led to the definition of the following oxide mineral resource estimates<SUP>9</SUP>:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Catalina
Mineral Resource estimates (gold):</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD STYLE="width: 31%; border: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>Classification</B></FONT></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tonnes
</B>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(kt)</FONT></P></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Grade
</B>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Au
g/t)&nbsp;</FONT></P></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Ounces
</B>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Au
koz)&nbsp;</FONT></P></td></tr>
<tr>
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Measured
    &amp; Indicated</FONT></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,571.6</FONT></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.9</FONT></td>
    <td style="vertical-align: top; border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">327.6</FONT></td></tr>
<tr>
    <td style="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Inferred</FONT></td>
    <td style="vertical-align: top; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,477.4</FONT></td>
    <td style="vertical-align: top; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.5</FONT></td>
    <td style="vertical-align: top; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">70.5</FONT></td></tr>
</table>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Catalina
Mineral Resource estimates (silver):</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD STYLE="width: 31%; border: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>Classification</B></FONT></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tonnes
</B>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(kt)&nbsp;</FONT></P></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Grade
</B>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Ag
g/t)&nbsp;</FONT></P></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Ounces
</B>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Ag
koz)&nbsp;</FONT></P></td></tr>
<tr>
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Measured
    &amp; Indicated</FONT></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,571.6</FONT></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">68.7</FONT></td>
    <td style="vertical-align: top; border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7,885.4</FONT></td></tr>
<tr>
    <td style="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Inferred</FONT></td>
    <td style="vertical-align: top; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,477.4</FONT></td>
    <td style="vertical-align: top; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">45.1</FONT></td>
    <td style="vertical-align: top; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2,142.1</FONT></td></tr>
</table>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Catalina deposit is located less than one kilometre southeast of Phase 7 and occurs beneath 150 to 200 metres of overburden and
young volcanic cover. Additional infill drilling is planned in 2016 at Catalina to upgrade and potentially expand estimated mineral
resource ounces.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">A
three-kilometre long prospective NW-SE corridor, which hosts the Phase 7 and Catalina deposits, continued to deliver encouraging
exploration results in 2015 (Appendix A: Figure 1). In addition to Catalina, several encouraging drill intersections were returned
from a number of targets over this sector, including Pompeya NE (oxide), Pompeya SE (sulfide) and Catalina South (sulfide).</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">A
follow-up drill program is planned in 2016 to confirm and extend mineralization over this corridor and grow the mineral resource
estimates. The most significant drill results from 2015 at La Coipa include (for full results and explanatory notes see Appendix
B):<I> </I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>La
Coipa significant down-hole drill intercepts*</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 2px solid; background-color: Black"><FONT STYLE="color: White"><B>Hole
    ID</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 2px solid; background-color: Black"><FONT STYLE="color: White"><B>Target</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 2px solid; background-color: Black"><FONT STYLE="color: White"><B>From
    </B><BR>
    (m)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 2px solid; background-color: Black"><FONT STYLE="color: White"><B>To
    </B><BR>
    (m)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 2px solid; background-color: Black"><FONT STYLE="color: White"><B>Int.</B><BR>
    (m)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 2px solid; background-color: Black"><FONT STYLE="color: White"><B>Au</B><BR>
    (g/t)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 2px solid; background-color: Black"><FONT STYLE="color: White">&nbsp;&nbsp;<B>Ag</B><BR>
    &nbsp;&nbsp;(g/t)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-top: Black 2px solid; background-color: Black"><FONT STYLE="color: White"><B>Au
    Eq.</B> <BR>
    (g/t)</FONT></TD></TR>
<tr>
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">PMP15D130</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pompeya NE</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">82</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">110</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">28</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.0</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">58.1</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.9</FONT></td></tr>
<tr>
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">including</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">100</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">102</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.8</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">51.0</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.5</FONT></td></tr>
<tr>
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">PMP15D124</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pompeya SE</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">128</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">268</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">140</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.0</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">17.7</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.2</FONT></td></tr>
<tr>
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">including</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">174</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">196</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">22</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.9</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">17.1</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.1</FONT></td></tr>
<tr>
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">PMP15D126</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pompeya SE</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">168</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">206.7</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">38.7</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.1</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">9.0</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.2</FONT></td></tr>
<tr>
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">including</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">186.3</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">194.5</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.2</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.6</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">18.7</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.9</FONT></td></tr>
<tr style="background-color: white">
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CAT15D061</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Catalina South</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">394</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">400</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">9.2</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">11.3</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">9.4</FONT></td></tr>
<tr style="background-color: white">
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CAT15D063</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Catalina South</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">314</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">410</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">96</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.0</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">31.2</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.5</FONT></td></tr>
<tr style="background-color: white">
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CAT15D065</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Catalina South</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">378</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">383.9</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.9</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">13.4</FONT></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">35.2</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">13.9</FONT></td></tr>
<tr style="background-color: white">
    <td style="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CAT15D075</FONT></td>
    <td style="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Catalina
    South</FONT></td>
    <td style="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">374</FONT></td>
    <td style="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">396</FONT></td>
    <td colspan="2" style="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">22</FONT></td>
    <td colspan="2" style="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">9.8</FONT></td>
    <td colspan="2" style="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">42.9</FONT></td>
    <td colspan="2" style="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10.4</FONT></td></tr>
<tr>
    <TD STYLE="width: 15%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 25%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 10%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 10%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 9%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 10%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 8%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <TD STYLE="width: 9%"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
</table>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>*Drill
intercepts were not corrected to the true width</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>12 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Tasiast</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">At
<B>Tasiast Sud</B>, approximately 15 kilometres south of the Tasiast mine area, step-out and infill core and reverse circulation
(RC) drilling continued at the Tamaya deposit, which is centered around the Tasiast shear zone (Appendix A: Figure 2). The 2015
drilling, together with the previous years&rsquo; results, led to the definition of the following mineral resource estimates<SUP>9</SUP>:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Tamaya
Mineral Resource estimates:</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD STYLE="width: 31%; border: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>Classification</B></FONT></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tonnes
</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(kt)</FONT></P></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Grade
</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Au
g/t)</FONT></P></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Ounces
</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Au
koz)</FONT></P></td></tr>
<tr>
    <td style="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Measured
    &amp; Indicated</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">8,344.8</FONT></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">1.3</FONT></td>
    <td style="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">335.2</FONT></td></tr>
<tr>
    <td style="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Inferred</FONT></td>
    <td style="vertical-align: top; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,853.6</FONT></td>
    <td style="vertical-align: top; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0.9</FONT></td>
    <td style="vertical-align: top; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">55.5</FONT></td></tr>
</table>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Tamaya deposit is centered around the Tasiast shear zone and remains open at depth and partially along strike. Additional step
out drilling will be considered in 2016, depending on the results of an ongoing mineral resource update and a high level review
of the deposit&rsquo;s potential viability. The structural trend hosting Tamaya remains under explored and is considered highly
prospective for the definition of new mineralization. Geochemical auger sampling and RC drilling are planned over the Tamaya structure
and other&nbsp;target areas in the Tasiast Sud License.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Near-mine
exploration drilling was completed at various targets around the Tasiast mine which led to the identification of near-surface
mineralization at West Branch South and Prolongation East. Kinross is now shifting some exploration focus to high grade mineralization
identified in favourable geological settings below and peripheral to the open pits.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Over
the <B>Aou&egrave;ouat Area</B> (Tmeimichat and Imkebdene exploration licenses), 2015 results from surface geochemical sampling
and drilling, combined with previous years&rsquo; results, led to the definition of five modest low-grade near-surface mineralized
zones over a strike length of approximately 10 kilometres, immediately north of the El Gaicha Mine Lease.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Chirano</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
2015, drilling continued along the mine trend (Appendix A: Figure 3), mainly targeting extensions to open pit and underground
deposits, including <B>Suraw </B>and<B> Akwaaba</B>. At Suraw, significant gold mineralization was extended 200 metres south of
the existing measured and indicated resource estimates of 186.4 Au koz.at 5.1 g/t Au<SUP>9</SUP> and also 300 metres down dip.
Significant results from 2015 drilling include (for full results and explanatory notes see Appendix B):</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Suraw
significant true width drill intercepts:</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD STYLE="width: 26%; border: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>Hole
    ID</B></FONT></td>
    <TD STYLE="width: 18%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>From</B></FONT></td>
    <TD STYLE="width: 18%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>To</B></FONT></td>
    <TD STYLE="width: 16%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Int.</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(m)</FONT></P></td>
    <TD STYLE="width: 22%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Au</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g/t)</FONT></P></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">CHRC-2135D</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">735.8</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">745.8</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">10.0</FONT></td>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">11.9</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">CHRC-2159D</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">731.0</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">750.6</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">19.6</FONT></td>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.2</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">CHRC-2159DW1</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">884.2</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">892.5</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">8.3</FONT></td>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">7.9</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">CHRC-2306D</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">472.4</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">483.0</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">10.6</FONT></td>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7.2</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">CHRC-2303D</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">425.8</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">433.0</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">7.2</FONT></td>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.7</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">including</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">425.8</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">427.5</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">1.7</FONT></td>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">14.5</FONT></td></tr>
<tr>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">including</FONT></td>
    <TD STYLE="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">432.4</FONT></td>
    <TD STYLE="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">433.0</FONT></td>
    <TD STYLE="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">0.6</FONT></td>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">24.0</FONT></td></tr>
</table>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Drill
spacing outside the current existing estimated mineral resources at Suraw is currently too wide to support a mineral resource
estimate, however, 2015 results demonstrate the upside potential of the deposit. Assessment of the potential economic viability
of the Suraw mineralized zones will continue in 2016, with further drilling planned to confirm geometry, continuity and grade
of the mineralization.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>13 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Additional
drilling of the Akwaaba orebody has delineated potential extension of the mineralization approximately 100 metres down dip, below
the current reserve limits. An infill underground drill program will be considered in 2016 to better define the orebody extension
and evaluate economic viability. Significant results from 2015 include (for full results and explanatory notes see Appendix B):
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Akwaaba
significant true width drill intercepts:</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: black">
    <TD STYLE="width: 26%; border: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>Hole
    ID</B></FONT></td>
    <TD STYLE="width: 18%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>From</B></FONT></td>
    <TD STYLE="width: 18%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>To</B></FONT></td>
    <TD STYLE="width: 16%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Int.</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(m)</FONT></P></td>
    <TD STYLE="width: 22%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Au</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g/t)</FONT></P></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">CHRC-2158D</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">1,123.1</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">1,131.2</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">8.1</FONT></td>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.7</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">CHRC-2158DW1</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">1,008.0</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">1,015.1</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">7.1</FONT></td>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">9.5</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">CHRC-2193DW1</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">957.2</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">961.7</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">4.5</FONT></td>
    <TD STYLE="border-right: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">13.8</FONT></td></tr>
<tr>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">CHRC-2208D</FONT></td>
    <TD STYLE="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">933.3</FONT></td>
    <TD STYLE="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">939.0</FONT></td>
    <TD STYLE="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">5.7</FONT></td>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.3</FONT></td></tr>
</table>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
addition to the positive results at Suraw and Akwaaba, there are multiple organic growth opportunities along the eight-kilometre
long mine trend. Continued drilling is required in 2016, targeting potential expansion of these known deposits.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">RC
and selective core drilling were also carried out on near-surface targets in proximity to the Chirano mine and within the Chirano
district. Four target areas were drilled during 2015 and encouraging results were encountered at two targets, of which the Mag-Hinge
area, located approximately 12 kilometres south of the mine, warrants further drilling in 2016. In addition, other new district
targets will be drilled in 2016.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kupol</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">A
pre-feasibility study was completed at <B>Moroshka</B>,<B> </B>located approximately four kilometres east of Kupol and within
the Kupol licence area (Appendix A: Figure 4). The Moroshka mineral resource estimate was converted to a proven and probable mineral
reserve of 181.6 Au koz. at 10.1 g/t and 2,063.0 Ag koz. at 114.9 g/t<SUP>9</SUP>. Follow-up drilling completed in 2015 on the
satellite Providence vein, discovered in 2014 less than one kilometre south of Moroshka, determined that the vein was too small
to contribute to the economics of Moroshka.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">2016
exploration at Kupol will continue between the Kupol mine and Moroshka, where several near-mine targets have been defined. Furthermore,
Kinross is advancing with early stage exploration within an approximate 100 km radius around the Kupol mine.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Dvoinoye</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C69C5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Further
infill drilling and close spaced channel sampling was completed over the <B>September Northeast </B>target,<B> </B>located approximately
15 kilometres northwest of the Dvoinoye mine (Appendix A: Figure 5). This work led to the definition of a near-surface, high-grade
measured and indicated resource estimate of 67.7 Au koz. at 32.3 g/t<SUP>9</SUP>. This material is currently being fast tracked
to production through a trial mining of bulk samples approved under terms of the exploration license.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>September
Northeast Mineral Resource estimates</I><SUP>9</SUP><I>:</I></FONT></P>

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<tr style="background-color: black">
    <TD STYLE="width: 31%; border: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>Classification</B></FONT></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Tonnes
</B>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Kt)&nbsp;</FONT></P></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Grade
</B>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Au
g/t)&nbsp;</FONT></P></td>
    <TD STYLE="width: 23%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Ounces
</B>&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Au
koz)&nbsp;</FONT></P></td></tr>
<tr>
    <td style="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Measured
    &amp; Indicated</FONT></td>
    <td style="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">65.3</FONT></td>
    <td style="border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">32.3</FONT></td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">67.7</FONT></td></tr>
</table>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>14 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">At
<B>Dvoinoye</B> <B>Zone 1</B>, located two kilometres east of the Dvoinoye mine, 2015 drilling confirmed the continuity and grade
of a mineralized vein at the bottom of a historically mined open pit (Appendix A: Figure 6). The vein is defined over a strike
length of 250 metres, with thickness ranging from 0.9 to 11.3 metres and extends to a depth of 75 metres. A mineral resource estimation
is expected in early 2016. Significant results from 2015 include (for full results and explanatory notes see Appendix B):</FONT></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Dvoinoye
Zone 1 significant down-hole drill intercepts:</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; border-collapse: collapse; font-size: 10pt">
<tr style="background-color: black">
    <TD STYLE="width: 25%; border: Black 2px solid; padding-right: 5.4pt; text-align: center; font-family: Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>Hole
    ID</B></FONT></td>
    <TD STYLE="width: 15%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; text-align: center; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>From</B></FONT></td>
    <TD STYLE="width: 14%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; text-align: center; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: white"><B>To</B></FONT></td>
    <TD STYLE="width: 14%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Int.</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(m)</FONT></P></td>
    <TD STYLE="width: 19%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Au</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g/t)</FONT></P></td>
    <TD STYLE="width: 13%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Ag
</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g/t)</FONT></P></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DV15-1-001</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">184.1</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">196.2</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">12.1</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">24.5</FONT></td>
    <td style="border-right: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">13.8</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">including</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">193.9</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">194.3</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0.4</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">279.0</FONT></td>
    <td style="border-right: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">141.4</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DV15-1-001</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">202.0</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">203.8</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.8</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">41.6</FONT></td>
    <td style="border-right: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.0</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DV15-1-002</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">207.6</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">212.9</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.3</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">12.6</FONT></td>
    <td style="border-right: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.6</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">including</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">211.1</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">212.0</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0.8</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">36.2</FONT></td>
    <td style="border-right: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">13.9</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DV15-1-003</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">213.4</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">223.0</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">9.6</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7.6</FONT></td>
    <td style="border-right: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.6</FONT></td></tr>
<tr>
    <TD STYLE="border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">including</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">220.8</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">221.8</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.0</FONT></td>
    <td style="padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">33.5</FONT></td>
    <td style="border-right: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">19.7</FONT></td></tr>
<tr>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DV15-1-007</FONT></td>
    <td style="border-bottom: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">180.2</FONT></td>
    <td style="border-bottom: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">183.5</FONT></td>
    <td style="border-bottom: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.3</FONT></td>
    <td style="border-bottom: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">11.0</FONT></td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-right: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.0</FONT></td></tr>
</table>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>*Drill
intercepts were not corrected to the true width</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>15 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Conference
call details </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
connection with the release, Kinross will hold a conference call and audio webcast on Thursday, February 11, 2016 at 8 a.m. ET
to discuss the results, followed by a question-and-answer session. To access the call, please dial:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Canada
&amp; US toll-free </B>&ndash; 1-800-319-4610</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Outside
of Canada &amp; US </B>&ndash; 1-604-638-5340</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>UK
toll-free: </B>0808-101-2791</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Replay
(available up to 14 days after the call):</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Canada
&amp; US toll-free </B>&ndash; 1-800-319-6413; Passcode &ndash; 00179 followed by #.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Outside
of Canada &amp; US </B>&ndash; 1-604-638-9010; Passcode &ndash; 00179 followed by #.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">You
may also access the conference call on a listen-only basis via webcast at our website <FONT STYLE="color: blue">www.kinross.com</FONT>.
The audio webcast will be archived on our website at <FONT STYLE="color: blue">www.kinross.com</FONT>.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">This
release should be read in conjunction with Kinross&rsquo; 2015 year-end Financial Statements and Management&rsquo;s Discussion
and Analysis report at www.kinross.com. Kinross&rsquo; 2015 year-end Financial Statements and Management&rsquo;s Discussion and
Analysis have been filed with Canadian securities regulators (available at <U><FONT STYLE="color: blue">www.sedar.com</FONT></U>) and furnished with the U.S. Securities
and Exchange Commission (available at <U><FONT STYLE="color: blue">www.sec.gov</FONT></U>). Kinross shareholders may obtain a copy of the financial statements
free of charge upon request to the Company.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>About
Kinross Gold Corporation </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kinross
is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile
and Ghana. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Media
Contact </B></FONT></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Louie
Diaz</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Senior
Manager, Corporate Communications</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">phone:
416-369-6469</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U><FONT STYLE="color: blue">louie.diaz@kinross.com</FONT></U></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U><FONT STYLE="color: blue">&nbsp;</FONT></U></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>









<HR SIZE="2" NOSHADE ALIGN="LEFT" STYLE="width: 49%; color: #C59B5F">

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Investor
Relations Contact</B></FONT></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Tom
Elliott&#9;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Vice-President,
Investor Relations &#9;</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">phone:
416-365-3390&#9;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><u><FONT STYLE="color: blue">tom.elliott@kinross.com</FONT></u></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR CLEAR="ALL"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #C59B5F"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>



<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>16 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: rgb(197,155,95)"><B>Review of operations</b></font></P>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; border-top: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Three
    months ended December 31,</B></FONT></TD><TD STYLE="border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 2px solid; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 2px solid; border-top: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Gold
    equivalent ounces</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 2px solid; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Produced</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Sold</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Production
    cost of </B></FONT><FONT STYLE="font-size: 10pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>sales<SUP> </SUP></B><I>($millions)</I></FONT></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Production
    cost of </B></FONT><FONT STYLE="font-size: 10pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>sales/equivalent ounce sold </B></FONT></FONT></TD><TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2015</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2014</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2015</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2014</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2015</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2014</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2015</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2014</FONT></TD><TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 20%; text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Fort
    Knox</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 10pt"><B>87,561</B></FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 10pt">99,734</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 10pt"><B>87,426</B></FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 10pt">99,636</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 10pt"><B>62.6</B></FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 10pt">66.6</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 10pt"><B>716</B></FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 10pt">668</FONT></TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Round Mountain</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>51,034</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">37,746</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>52,882</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">37,133</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>37.0</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">32.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>700</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">867</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Kettle River -
    Buckhorn</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>19,301</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">24,735</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>19,601</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">24,849</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>14.6</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>745</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">793</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Paracatu</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>113,547</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">133,534</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>117,796</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">127,991</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>89.2</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">97.8</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>757</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">764</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Maricunga</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>54,948</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">60,918</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>56,440</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">58,845</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>52.6</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">60.8</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>932</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,033</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Americas
    Total </B></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>326,391</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">356,667</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>334,145</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">348,454</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>256.0</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">277.1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>766</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">795</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Kupol</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>191,308</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">183,750</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>195,465</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">179,722</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>91.3</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">92.6</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>467</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">515</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Russia
    Total </B></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>191,308</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">183,750</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>195,465</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">179,722</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>91.3</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">92.6</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>467</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">515</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Tasiast</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>53,706</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">63,277</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>52,146</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">58,236</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>49.9</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">57.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>957</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">982</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chirano
    (100%)<SUP> </SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>58,123</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">75,952</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>56,284</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">72,318</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>42.2</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">42.3</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>750</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">585</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>West
    Africa Total</B></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>111,829</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">139,229</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>108,430</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">130,554</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>92.1</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">99.5</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>849</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">762</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Operations
    Total</B></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>629,528</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">679,646</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>638,040</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">658,730</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>439.4</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">469.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>689</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">712</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Less Chirano non-controlling
    <BR> interest (10%)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>(5,812</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(7,595</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>(5,629</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(7,232</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>(4.2</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(4.3</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; border-bottom: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Attributable
    Total</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>623,716</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">672,051</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>632,411</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">651,498</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>435.2</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">464.9</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>688</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">714</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; border-bottom: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Years
    ended December 31,</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD COLSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Gold
                                         equivalent ounces</B></FONT><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD COLSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Produced</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD COLSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>Sold</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD COLSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Production
                                         cost of </B></FONT><FONT STYLE="font-size: 10pt"><BR>
                                         <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>sales<SUP> </SUP></B><I>($millions)</I></FONT></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD COLSPAN="5" STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Production
                                         cost of </B></FONT><FONT STYLE="font-size: 10pt"><BR>
                                         <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>sales/equivalent ounce sold
                                         </B></FONT></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2014</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2014</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2014</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2014</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Fort Knox</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>401,553</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">379,453</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>402,104</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">408,472</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>252.8</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">291.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>629</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">712</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Round Mountain</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>197,818</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">169,839</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>195,781</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">166,441</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>146.9</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">142.3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>750</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">855</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Kettle River -
    Buckhorn</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>97,368</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">123,382</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>97,576</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">123,262</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>81.6</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">83.6</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>836</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">678</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Paracatu</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>477,662</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">521,026</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>484,732</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">512,327</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>374.3</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">418.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>772</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">816</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">La Coipa</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,365</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,245</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Maricunga</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>212,155</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">247,216</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>214,055</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">247,469</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>216.1</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">235.9</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,010</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">953</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Americas
    Total </B></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>1,386,556</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,440,916</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>1,394,248</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,459,336</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>1,071.7</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,172.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>769</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">804</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Kupol</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>758,563</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">751,101</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>764,613</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">750,998</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>362.8</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">380.5</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>474</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">507</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Russia
    Total </B></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>758,563</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">751,101</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>764,613</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">750,998</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>362.8</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">380.5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>474</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">507</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Tasiast</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>219,045</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">260,485</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>216,040</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">252,668</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>220.6</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">252.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>1,021</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">998</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chirano
    (100%)<SUP> </SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>256,098</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">286,542</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>259,966</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">280,396</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>179.7</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">165.8</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>691</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">591</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>West
    Africa Total</B></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>475,143</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">547,027</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>476,006</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">533,064</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>400.3</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">418.0</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>841</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">784</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Operations
    Total</B></FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>2,620,262</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,739,044</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>2,634,867</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,743,398</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>1,834.8</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,971.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>696</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">719</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Less Chirano non-controlling
    <BR> interest (10%)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>(25,610</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(28,654</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>(25,997</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(28,040</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>(18.0</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(16.6</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-left: Black 2px solid; border-bottom: Black 2px solid; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Attributable
    Total</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>2,594,652</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">2,710,390</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>2,608,870</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">2,715,358</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,816.8</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,954.6</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>696</B></FONT></TD><TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">720</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>17 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></FONT></TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><BR>
        25 York Street, 17th Floor<BR>
        Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; color: #C59B5F"><B>Consolidated
balance sheets</B></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>(expressed in millions of United States dollars,
except share amounts)</I></FONT></P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: bottom; width: 72%; border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 1%; border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 10pt">As at</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 10pt"><B>December 31,</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 10pt">December 31,</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 10pt">2014</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Assets</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Current assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Cash and cash equivalents</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,043.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">983.5 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Restricted cash</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>10.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">41.3 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Accounts receivable and other assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>109.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">170.4 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Current income tax recoverable</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>123.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">115.2 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Inventories</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>1,005.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,276.7 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>2,292.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">2,587.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Non-current assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Property, plant and equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>4,593.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">5,409.4 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Goodwill</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>162.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">162.7 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Long-term investments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>83.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">111.0 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Investments in associate and joint venture</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>157.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">156.8 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Other long-term assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>370.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">417.9 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Deferred tax assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>76.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">106.5 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Total assets</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>7,735.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">8,951.4 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Current liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Accounts payable and accrued liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>379.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">421.9 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Current income tax payable</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>6.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">19.2 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Current portion of long-term debt</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>249.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">60.0 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Current portion of provisions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>50.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">43.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Current portion of unrealized fair value of derivative liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>16.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">60.2 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>701.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">604.4 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Non-current liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Long-term debt</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,731.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">1,998.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Provisions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>720.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">780.9 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Other long-term liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>148.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">207.2 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Deferred tax liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>499.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">469.0 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Total liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>3,802.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">4,059.6 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Equity</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Common shareholders&rsquo; equity</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Common share capital</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>14,603.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">14,587.7 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Contributed surplus</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>239.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">239.0 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Accumulated deficit</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(10,922.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(9,937.6</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 25.9pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Accumulated other comprehensive loss</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(31.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(46.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Total common shareholders&rsquo; equity</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>3,889.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">4,843.0 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Non-controlling interest</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>43.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">48.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Total equity</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>3,933.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">4,891.8 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Total liabilities and equity</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>7,735.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">8,951.4 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Common shares</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>Authorized</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt"><B>Unlimited</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">Unlimited</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>Issued and outstanding</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,146,540,188</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">1,144,576,474 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>18 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></FONT></TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><BR>
        25 York Street, 17th Floor<BR>
        Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; color: #C59B5F"><B>Consolidated
statements of operations</B></P>



<P STYLE="margin: 0">&nbsp;<I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>(expressed
in millions of United States dollars, except per share and share amounts)</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: bottom; width: 72%; border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 1%; border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Years ended</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: center; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 10pt"><B>December 31,</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 10pt">December 31,</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 10pt">2014</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Revenue</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Metal sales</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>3,052.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">3,466.3 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Cost of sales</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Production cost of sales</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,834.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">1,971.2 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Depreciation, depletion and amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>897.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">874.7 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Impairment charges</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>699.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,251.4 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Total cost of sales</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>3,431.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">4,097.3 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Gross loss</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(379.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(631.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Other operating expense</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>76.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">111.8 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Exploration and business development</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>108.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">105.6 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">General and administrative</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>179.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">178.8 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Operating loss</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(742.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(1,027.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Other income (expense) - net</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(20.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(215.5</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Equity in earnings (losses) of associate and joint venture</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>3.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(5.8</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Finance income</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>8.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">11.2 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Finance expense</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(96.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(80.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Loss before tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(847.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(1,317.4</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Income tax expense - net</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(141.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(109.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;Loss from continuing operations after tax</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(989.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(1,427.1</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;Earnings from discontinued operation after tax</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; text-align: right"><FONT STYLE="font-size: 10pt">233.5 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net loss</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(989.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; text-align: right"><FONT STYLE="font-size: 10pt">(1,193.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net loss from continuing operations attributable to:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Non-controlling interest</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(4.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; text-align: right"><FONT STYLE="font-size: 10pt">(27.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Common shareholders</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(984.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; text-align: right"><FONT STYLE="font-size: 10pt">(1,400.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net loss attributable to:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Non-controlling interest</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(4.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; text-align: right"><FONT STYLE="font-size: 10pt">(27.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Common shareholders</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(984.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; text-align: right"><FONT STYLE="font-size: 10pt">(1,166.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Loss per share from continuing operations attributable to common shareholders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Basic</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(0.86</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(1.22</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Diluted</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(0.86</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(1.22</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Loss per share attributable to common shareholders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Basic</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(0.86</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(1.02</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Diluted</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(0.86</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(1.02</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Weighted average number of common shares outstanding (millions)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Basic</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,146.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">1,144.3 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-top: 2pt; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Diluted</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,146.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,144.3 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>19 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></FONT></TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><BR>
        25 York Street, 17th Floor<BR>
        Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; color: #C59B5F"><B>Consolidated
statements of cash flows</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>(expressed
in millions of United States dollars)</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: bottom; width: 72%; border-top: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 1%; border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Years ended</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 10pt"><B>December 31,</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 10pt">December 31,</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 10pt">2014</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net inflow (outflow) of cash related to the following activities:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Operating:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;Loss from continuing operations</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(989.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(1,427.1</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;Adjustments to reconcile loss from continuing operations to net cash provided from operating activities:</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Depreciation, depletion and amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>897.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">874.7 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Impairment charges</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>699.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">1,251.4 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Impairment of investments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>7.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">158.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Equity in (earnings) losses of associate and joint venture</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(3.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">5.8 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Non-hedge derivative (gains) losses - net</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(1.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">5.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Share-based compensation expense</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>17.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">26.2 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Finance expense</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>96.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">80.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Deferred tax expense (recovery)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>53.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(13.8</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Foreign exchange losses and other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>18.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">45.8 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Reclamation expense (recovery)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(7.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">17.5 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Changes in operating assets and liabilities:</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 25.9pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Accounts receivable and other assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>91.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">26.9 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 25.9pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Inventories</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>63.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(59.4</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 25.9pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Accounts payable and accrued liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>27.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">52.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Cash flow provided from operating activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>969.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,043.4 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Income taxes paid</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>(137.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(185.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net cash flow of continuing operations provided from operating activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>831.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">858.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net cash flow of discontinued operations used in operating activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6; text-align: right"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #C6C3C6">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(8.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Investing:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Additions to property, plant and equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(610.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(631.8</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Net additions to long-term investments and other assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(59.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(55.5</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Net proceeds from the sale of property, plant and equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>2.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">30.5 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Decrease in restricted cash</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>30.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">17.7 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Interest received and other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>4.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">4.5 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net cash flow of continuing operations used in investing activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(632.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(634.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net cash flow of discontinued operations provided from investing activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>1.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">148.2 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Financing:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Issuance of common shares on exercise of options</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">0.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Proceeds from issuance of debt</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>22.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">913.0 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Repayment of debt</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(102.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(980.1</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Interest paid</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(48.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(20.6</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Settlement of derivative instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">(2.0</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(2.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(4.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net cash flow of continuing operations used in financing activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(131.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(94.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Net cash flow of discontinued operations used in financing activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Effect of exchange rate
    changes on cash and cash equivalents of continuing operations</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>(7.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">(19.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>60.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">249.0 </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Cash and cash equivalents, beginning of period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>983.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 10pt">734.5 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;Cash and cash equivalents, end of period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD"><FONT STYLE="font-size: 10pt"><B>$</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,043.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; background-color: #BDBEBD">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double; text-align: right"><FONT STYLE="font-size: 10pt">983.5 </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 4px double">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
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    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>20 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="vertical-align: top; width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></FONT></TD>
    <TD STYLE="width: 50%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><BR>
        25 York Street, 17th Floor<BR>
        Toronto, ON Canada M5J 2V5</P></TD></TR>
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<TR STYLE="vertical-align: bottom; background-color: black">
    <TD NOWRAP COLSPAN="2" STYLE="border-top: Black 2px solid; border-left: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Operating
    Summary</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 3%; border: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Mine</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Ownership</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Tonnes
    Ore<BR>
Mined<SUP> (1)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Ore<BR>
Processed
<BR>
(Milled) <SUP>(1) </SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Ore<BR>
Processed
<BR>
(Heap <BR>
Leach) <SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>&nbsp;Grade<BR>

    (Mill) </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>&nbsp;Grade
    <BR>
(Heap <BR>
Leach) </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Recovery
    <SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Gold
    Eq <BR>
Production<SUP> (5)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Gold
    Eq <BR>
Sales <SUP>(5)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Production
    <BR>
cost of <BR>
sales</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Production
    <BR>
cost of <BR>
sales/oz</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Cap
    Ex <SUP>(7)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>DD&amp;A</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">(%)</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;(&rsquo;000 tonnes) </FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">&nbsp;(&rsquo;000
    tonnes) </FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;(&rsquo;000
    tonnes) </FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;(g/t)
    </FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;(g/t)
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">(%)</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;(ounces) </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;(ounces) </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;($ millions) </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;($/ounce) </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;($ millions) </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;($ millions) </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="25" STYLE="border-left: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Americas</B></FONT></TD>
    <TD ROWSPAN="5" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Fort
    Knox</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Q4
    2015</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>&nbsp;4,454
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>&nbsp;3,407
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;6,712
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;0.66
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in; border-right: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>&nbsp;0.26
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>82%</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;87,561
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;87,426
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62.6 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    716 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35.3 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;
    31.7 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q3 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;5,950
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;3,328
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6,697
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.86
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.27
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">83%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;115,258
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;118,978
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;66.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;556
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;37.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;36.8
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q2 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6,543
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;3,345
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;8,255
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.87
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.28
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">84%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;116,061
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;113,697
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;68.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;606
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;26.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;37.2
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q1 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;5,814
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;3,366
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;3,554
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.64
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.29
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">82%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;82,673
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;82,003
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;55.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;672
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;41.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;24.6
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt">Q4 2014</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;5,453
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;3,261
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;8,782
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.86
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.30
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">84%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;99,734
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;99,636
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;66.6
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;668
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;19.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;27.0
    </FONT></TD></TR>
<TR>
    <TD ROWSPAN="5" STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Round Mountain<SUP>(8)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Q4
    2015</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>50</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;6,392
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;898
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;3,724
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;0.86
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;0.42
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>77%</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;51,034
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;52,882
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37.0 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    700 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.2 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.0 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q3 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">50</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6,962
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;924
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;4,546
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.91
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.47
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">81%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;58,074
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;54,559
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;37.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;687
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;12.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;12.9
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q2 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">50</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;5,286
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;748
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;4,372
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1.08
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.40
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">75%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;48,448
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;47,893
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;36.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;760
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;10.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;12.0
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q1 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">50</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;7,494
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;146
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6,726
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.65
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.40
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">67%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;40,262
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;40,447
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;36.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;890
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;11.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;9.0
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q4 2014</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">50</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6,946
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6,418
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;nm
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.38
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;37,746
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;37,133
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;32.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;867
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;16.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;10.0
    </FONT></TD></TR>
<TR>
    <TD ROWSPAN="5" STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Kettle
    River- Buckhorn</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Q4
    2015</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;84
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;90
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;9.67
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>92%</B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;19,301
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;19,601
    </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.6 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745 </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    - </B></FONT></TD>
    <TD STYLE="border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.0 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q3 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;97
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;106
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6.93
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;24,222
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;24,284
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;19.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;795
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.6
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q2 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;95
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;130
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;8.58
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">93%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;29,580
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;29,524
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;23.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;793
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;3.3
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q1 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;93
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;111
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6.02
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;24,265
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;24,167
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;24.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,006
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.6
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;4.1
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt">Q4 2014</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;91
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;104
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;7.46
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">93%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;24,735
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;24,849
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;19.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;793
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;10.8
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Paracatu</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Q4
    2015</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;10,730
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;9,738
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;0.51
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>76%</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;113,547
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;117,796
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89.2 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.1 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34.9 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q3 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;13,969
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;12,322
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.43
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">76%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;129,064
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;134,838
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;100.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;747
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;36.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;38.4
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q2 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;11,435
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;11,392
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.41
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">72%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;110,366
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;107,169
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;90.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;844
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;29.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;36.4
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q1 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;11,616
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;11,825
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.43
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">77%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;124,685
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;124,929
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;93.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;752
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;16.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;37.8
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt">Q4 2014</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;11,271
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;11,548
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.45
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">79%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;133,534
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;127,991
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;97.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;764
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;49.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;38.8
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Maricunga
    <SUP>(8)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Q4
    2015</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;3,870
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;4,099
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;0.78
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>nm</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;54,948
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;56,440
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52.6 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;932 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q3 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;3,476
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;3,822
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.74
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;52,672
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;52,282
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;52.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,004
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;5.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;7.3
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q2 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2,220
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,957
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.81
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;47,713
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;50,957
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;55.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,079
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;7.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6.4
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q1 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2,695
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2,912
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.69
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;56,822
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;54,376
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;56.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,030
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;7.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;5.4
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt">Q4 2014</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;4,227
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;4,192
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.70
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;60,918
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;58,845
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;60.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,033
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;13.4
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-left: Black 2px solid; border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Russia</B></FONT></TD>
    <TD ROWSPAN="5" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Kupol
    <SUP>(3)(4)(6)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Q4
    2015</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;449
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;429
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;13.81
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>96%</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;191,308
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;195,465
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91.3 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.0 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73.8 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q3 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;468
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;410
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;13.65
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">96%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;190,366
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;217,031
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;101.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;469
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;21.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;77.3
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q2 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;516
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;423
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;13.43
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">95%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;191,160
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;159,950
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;78.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;490
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;10.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;56.3
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q1 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;464
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;418
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;13.20
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">95%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;185,729
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;192,167
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;91.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;476
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;15.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;63.9
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt">Q4 2014</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;437
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;420
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;13.19
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">95%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;183,750
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;179,722
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;92.6
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;515
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;12.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;64.6
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="15" STYLE="border-left: Black 2px solid; border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>West
    Africa</B></FONT></TD>
    <TD NOWRAP ROWSPAN="5" STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Tasiast</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Q4
    2015</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>100</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;1,318
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;689
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;587
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;2.27
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;0.55
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>89%</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;53,706
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;52,146
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49.9 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49.6 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.5 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q3 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,259
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;618
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;364
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.21
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.48
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;53,440
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;57,163
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;60.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,057
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;44.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;19.5
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q2 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,609
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;605
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;521
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.21
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.56
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;57,890
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;54,941
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;58.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,063
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;31.1
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;18.7
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-size: 7pt">Q1 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,009
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;630
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;66
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.00
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.97
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">89%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;54,009
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;51,790
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;51.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,002
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;36.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;16.2
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 7pt">Q4 2014</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">100</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,226
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;619
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;1,139
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.18
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;0.75
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">93%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;63,277
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;58,236
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;57.2
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;982
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;59.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;19.7
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Chirano
    - 100%<SUP> </SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Q4 2015</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>90</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;559
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;853
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;2.32
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>91%</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;58,123
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;56,284
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42.2 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44.1 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt">Q3 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;873
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;917
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.36
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;63,981
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;62,792
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;44.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;701
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6.7
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;42.7
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt">Q2 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;875
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;823
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.73
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;66,311
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;69,017
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;47.6
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;690
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;4.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;44.6
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt">Q1 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;739
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;899
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.62
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">89%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;67,683
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;71,873
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;45.9
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;639
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;7.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;43.6
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt">Q4 2014</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;866
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;883
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.96
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;75,952
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;72,318
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;42.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;585
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;10.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;42.7
    </FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>Chirano
    - 90%</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt"><B>Q4 2015</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>90</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;559
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;853
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;2.32
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;-
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>91%</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;52,311
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;50,655
    </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38.0 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4 </B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt"><B>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39.7 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt">Q3 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;873
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;917
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.36
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;57,583
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;56,513
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;39.6
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;701
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;38.4
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt">Q2 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;875
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;823
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.73
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;59,680
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;62,115
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;42.8
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;689
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;4.4
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;40.1
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt">Q1 2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;739
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;899
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.62
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">89%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;60,915
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;64,686
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;41.3
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;638
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;6.6
    </FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;39.2
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 7pt">Q4
    2014</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; text-align: center"><FONT STYLE="font-size: 7pt">90</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;866
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;883
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;2.96
    </FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;-
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;68,357
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;65,086
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;38.0
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;584
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;9.5
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid; padding-left: 0.5in; text-align: right; text-indent: -0.5in"><FONT STYLE="font-size: 7pt">&nbsp;38.4
    </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 3%"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">(1)</FONT></TD>
    <TD STYLE="width: 97%"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">Ore processed is to 100%, production and costs
    are to Kinross&rsquo; account.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 7pt Times New Roman, Times, Serif">(2)</FONT></TD>
    <TD><FONT STYLE="font: 7pt Times New Roman, Times, Serif">Due to the nature of heap leach operations, recovery rates at Maricunga
    cannot be accurately measured on a quarterly basis.&nbsp;&nbsp;Recovery rates at Fort Knox, Round Mountain and Tasiast represent
    mill recovery only.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 7pt Times New Roman, Times, Serif">(3)</FONT></TD>
    <TD><FONT STYLE="font: 7pt Times New Roman, Times, Serif">The Kupol segment includes the Kupol and Dvoinoye mines.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 7pt Times New Roman, Times, Serif">(4)</FONT></TD>
    <TD><FONT STYLE="font: 7pt Times New Roman, Times, Serif">Kupol silver grade and recovery were as follows: Q4 (2015) 100.58g/t,
    87%; Q3 (2015) 100.55g/t, 88%; Q2 (2015) 106.19g/t, 86.8%; Q1 (2015) 95.64 g/t, 85%; Q4 (2014) 92.78 g/t, 85%.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 7pt Times New Roman, Times, Serif">(5)</FONT></TD>
    <TD><FONT STYLE="font: 7pt Times New Roman, Times, Serif">Gold equivalent ounces include silver ounces produced and sold converted
    to a gold equivalent based on the ratio of the average spot market prices for the commodities for each period. The ratios
    for the quarters presented are as follows: Q4 2015: 74.78:1; Q3 2015: 75.40:1; Q2 2015: 72.75:1; Q1 2015: 72.91:1; Q4 2014:
    72.73:1;. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 7pt Times New Roman, Times, Serif">(6)</FONT></TD>
    <TD><FONT STYLE="font: 7pt Times New Roman, Times, Serif">Dvoinoye ore processed and grade were as follows: Q4 (2015) 122,987
    tonnes, 22.91 g/t; Q3 (2015) 111,806 tonnes, 24.52 g/t; Q2 (2015) 104,465 tonnes, 26.43 g/t; Q1 (2015) 93,000 tonnes, 27.40
    g/t; Q4 (2014) 90,083 tonnes, 26.14 g/t.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 7pt Times New Roman, Times, Serif">(7)</FONT></TD>
    <TD><FONT STYLE="font: 7pt Times New Roman, Times, Serif">Capital expenditures are presented on a cash basis, consistent with
    the statement of cash flows. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 7pt Times New Roman, Times, Serif">(8)</FONT></TD>
    <TD><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&ldquo;nm&rdquo; means not meaningful</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>21 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and year-end results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Reconciliation of non-GAAP financial measures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has included certain non-GAAP financial
measures in this document. These measures are not defined under IFRS and should not be considered in isolation. The Company believes
that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate
the underlying performance of the Company. The inclusion of these measures is meant to provide additional information and should
not be used as a substitute for performance measures prepared in accordance with IFRS. These measures are not necessarily standard
and therefore may not be comparable to other issuers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Adjusted net earnings attributable to common
shareholders and adjusted net earnings per share are non-GAAP measures which determine the performance of the Company, excluding
certain impacts which the Company believes are not reflective of the Company&rsquo;s underlying performance for the reporting period,
such as the impact of foreign exchange gains and losses, reassessment of prior year taxes and/or taxes otherwise not related to
the current period, impairment charges, gains and losses and other one-time costs related to acquisitions, dispositions and other
transactions, and non-hedge derivative gains and losses. Although some of the items are recurring, the Company believes that they
are not reflective of the underlying operating performance of its current business and are not necessarily indicative of future
operating results. Management believes that these measures, which are used internally to assess performance and in planning and
forecasting future operating results, provide investors with the ability to better evaluate underlying performance, particularly
since the excluded items are typically not included in public guidance. However, adjusted net earnings and adjusted net earnings
per share measures are not necessarily indicative of net earnings and earnings per share measures as determined under IFRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table provides a reconciliation
of net earnings (loss) from continuing operations to adjusted net earnings (loss) from continuing operations for the periods presented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; border: Black 2px solid">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Adjusted Earnings</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt"><I>(in millions, except share and per share amounts)</I></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Years ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 52%; text-align: left; padding-bottom: 2px">Net loss from continuing operations attributable to common shareholders - as reported</TD><TD STYLE="width: 2%; font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; font-weight: bold; text-align: right">(841.9</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 2%; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; text-align: right">(1,473.5</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="width: 2%; font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; font-weight: bold; text-align: right">(984.5</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 2%; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; text-align: right">(1,400.0</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Adjusting items:</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Foreign exchange losses</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">17.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">30.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50.1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Non-hedge derivatives losses - net of tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(0.6</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Losses on sale of other assets - net of tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">8.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Foreign exchange losses on translation of tax basis and foreign exchange on deferred income taxes within income tax expense</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">108.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86.6</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">132.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">112.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Impairment charges - net of tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">644.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,098.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">668.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,098.2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Change in deferred income taxes due to tax reforms enacted in Chile</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3.1</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Taxes in respect of prior years</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">62.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">22.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45.2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Chile weather event related costs - net of tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">18.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Impairment of investments and other - net of tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3.1</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">162.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">9.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">162.6</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Reclamation and remediation expense (recovery) - net of tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(9.6</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(9.6</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21.9</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Insurance recoveries - net of tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(10.1</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(18.4</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 10pt">Restructuring - net of tax</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">10.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">-</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">22.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">-</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">773.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,467.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">893.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,531.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Adjusted net earnings (loss) from continuing operations attributable to common shareholders</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(68.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(6.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(91.0</TD><TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">131.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Weighted average number of common shares outstanding - Basic</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,146.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,144.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,146.0</TD><TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,144.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Adjusted net earnings (loss) from continuing operations per share</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(0.06</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(0.01</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(0.08</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">0.11</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">The Company makes reference
to a non-GAAP measure for adjusted operating cash flow and adjusted operating cash flow per share. Adjusted operating cash flow
is defined as cash flow from operations excluding certain impacts which the Company believes are not reflective of the Company&rsquo;s
regular operating cash flow, and excluding changes in working capital. Working capital can be volatile due to numerous factors,
including the timing of tax payments, and in the case of Kupol, a build-up of inventory due to transportation logistics. The Company
uses adjusted operating cash flow internally as a measure of the underlying operating cash flow performance and future operating
cash flow-generating capability of the Company. However, adjusted operating cash flow and adjusted operating cash flow per share
measures are not necessarily indicative of net cash flow from operations as determined under IFRS.</P>

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    <TD STYLE="vertical-align: top; border-top: #C59B5F 1.5pt solid; font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>22 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and year-end results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right; width: 50%"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table provides a reconciliation
of adjusted operating cash flow from continuing operations for the periods presented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; border: Black 2px solid">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Adjusted Operating Cash Flow</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; padding-left: 0.25in">(in millions, except share and per share amounts)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Years ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 52%; text-align: left; padding-bottom: 4px">Net cash flow of continuing operations provided from operating activities - as reported</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; font-weight: bold; text-align: right">182.2</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; text-align: right">179.2</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; font-weight: bold; text-align: right">831.6</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; text-align: right">858.1</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Adjusting items:</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Working capital changes:</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0.25in">Accounts receivable and other assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(83.6</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(100.1</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(91.0</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26.9</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0.25in">Inventories</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">46.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">78.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(63.5</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59.4</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.25in">Accounts payable and other liabilities, including taxes</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">58.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">59.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">109.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">133.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">21.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">38.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(45.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">165.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Adjusted operating cash flow from continuing operations</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">203.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">217.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">786.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,023.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Weighted average number of common shares outstanding - Basic</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,146.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,144.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,146.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,144.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Adjusted operating cash flow from continuing operations per share</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">0.18</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">0.19</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">0.69</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">0.89</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">Consolidated production
cost of sales per gold equivalent ounce sold is a non-GAAP measure and is defined as production cost of sales as per the consolidated
financial statements divided by the total number of gold equivalent ounces sold. This measure converts the Company&rsquo;s non-gold
production into gold equivalent ounces and credits it to total production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">Attributable production
cost of sales per gold equivalent ounce sold is a non-GAAP measure and is defined as attributable production cost of sales divided
by the attributable number of gold equivalent ounces sold. This measure converts the Company&rsquo;s non-gold production into gold
equivalent ounces and credits it to total production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">Management uses these
measures to monitor and evaluate the performance of its operating properties. The following table presents a reconciliation of
consolidated and attributable production cost of sales per equivalent ounce sold for the periods presented:&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; border: Black 2px solid">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Consolidated and Attributable Production Cost of Sales <BR>
Per Equivalent Ounce Sold</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Years ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 0.25in"><I>(in millions, except ounces and production cost of sales per equivalent ounce)</I></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 52%; text-align: left">Production cost of sales - as reported</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">439.4</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">469.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">1,834.8</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">1,971.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(18.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(16.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Attributable production cost of sales</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">435.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">464.9</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,816.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,954.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Gold equivalent ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">638,040</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">658,730</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,634,867</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,743,398</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(5,629</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(7,232</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(25,997</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(28,040</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Attributable gold equivalent ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">632,411</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">651,498</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">2,608,870</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,715,358</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Consolidated production cost of sales per equivalent ounce sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">689</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">712</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">719</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Attributable production cost of sales per equivalent ounce sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">688</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">714</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">696</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">720</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Attributable production cost of sales per ounce
sold on a by-product basis is a non-GAAP measure which calculates the Company&rsquo;s non-gold production as a credit against its
per ounce production costs, rather than converting its non-gold production into gold equivalent ounces and crediting it to total
production, as is the case in co-product accounting. Management believes that this measure provides investors with the ability
to better evaluate Kinross&rsquo; production cost of sales per ounce on a comparable basis with other major gold producers who
routinely calculate their cost of sales per ounce using by-product accounting rather than co-product accounting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; border-top: #C59B5F 1.5pt solid; font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>23 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right; width: 50%"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table provides a reconciliation
of attributable production cost of sales per ounce sold on a by-product basis for the periods presented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; border: Black 2px solid">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Attributable Production Cost of Sales Per Ounce Sold <BR>
on a By-Product Basis</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in"><I>(in millions, except ounces and production cost of sales per ounce)</I></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Years ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.25in"></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 52%; text-align: left">Production cost of sales - as reported</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">439.4</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">469.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">1,834.8</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">1,971.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(4.2</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(4.3</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(18.0</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16.6</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Less: attributable silver revenues</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(20.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(19.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(82.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(93.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Attributable production cost of sales net of silver by-product revenue</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">415.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">445.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,734.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,861.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Gold ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">619,449</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">642,337</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,562,219</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,669,278</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Less: portion attributable to Chirano non-controlling interest</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(5,614</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(7,216</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(25,925</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(27,970</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Attributable gold ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">613,835</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">635,121</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">2,536,294</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,641,308</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Attributable production cost of sales per ounce sold on a by-product basis</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">676</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">701</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">684</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">705</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2013, the World Gold Council (&ldquo;WGC&rdquo;)
published its guidelines for reporting all-in sustaining costs and all-in costs. The WGC is a market development organization for
the gold industry and is an association whose membership comprises leading gold mining companies including Kinross. Although the
WGC is not a mining industry regulatory organization, it worked closely with its member companies to develop these non-GAAP measures.
Adoption of the all-in sustaining cost and all-in cost metrics is voluntary and not necessarily standard, and therefore, these
measures presented by the Company may not be comparable to similar measures presented by other issuers. The Company believes that
the all-in sustaining cost and all-in cost measures complement existing measures reported by Kinross.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All-in sustaining cost includes both operating
and capital costs required to sustain gold production on an ongoing basis. The value of silver sold is deducted from the total
production cost of sales as it is considered residual production. Sustaining operating costs represent expenditures incurred at
current operations that are considered necessary to maintain current production. Sustaining capital represents capital expenditures
at existing operations comprising mine development costs and ongoing replacement of mine equipment and other capital facilities,
and does not include capital expenditures for major growth projects or enhancement capital for significant infrastructure improvements
at existing operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All-in cost is comprised of all-in sustaining
cost as well as operating expenditures incurred at locations with no current operation, or costs related to other non-sustaining
activities, and capital expenditures for major growth projects or enhancement capital for significant infrastructure improvements
at existing operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; border-top: #C59B5F 1.5pt solid; font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>24 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right; width: 50%"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Attributable all-in sustaining cost and all-in
cost per ounce sold on a by-product basis are calculated by adjusting total production cost of sales, as reported on the consolidated
statement of operations, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; border: Black 2px solid">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Attributable All-In Sustaining Cost and All-In Cost Per <BR>
Ounce Sold on a By-Product Basis</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic">(in millions, except ounces and costs per ounce)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Years ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 52%; text-align: left">Production cost of sales - as reported</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">439.4</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">469.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">1,834.8</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">1,971.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Less: portion attributable to Chirano non-controlling interest<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(1)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(4.2</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(4.3</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(18.0</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16.6</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Less: attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> silver revenues<sup>(3)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(20.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(19.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(82.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(93.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> production cost of sales net of silver by-product revenue</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">415.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">445.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,734.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,861.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Adjusting items on an attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> basis:</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">General and administrative<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(4)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">38.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">160.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">178.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Other operating expense - sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16.9</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">21.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.9</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Reclamation and remediation - sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(6)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">58.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">61.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Exploration and business development - sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">59.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 10pt">Additions to property, plant and equipment - sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(8)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">122.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">127.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">428.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">387.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">All-in Sustaining Cost on a by-product basis - attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">606.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">635.9</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">2,461.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,549.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Other operating expense - non-sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">20.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36.9</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt">Exploration - non-sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">47.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Additions to property, plant and equipment - non-sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(8)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">34.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">132.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">179.2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 10pt">Reclamation &amp; remediation costs not related to current operations<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(6)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(7.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">17.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(7.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">17.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">All-in Cost on a by-product basis - attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">647.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">738.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">2,655.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,831.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Gold ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">619,449</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">642,337</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,562,219</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,669,278</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Less: portion attributable to Chirano non-controlling interest<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(9)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(5,614</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(7,216</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(25,925</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(27,970</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> gold ounces sold&nbsp;</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">613,835</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">635,121</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">2,536,294</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,641,308</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> all-in sustaining cost per ounce sold on a by-product basis&nbsp;&nbsp;</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">988</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,001</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">971</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">965</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> all-in cost per ounce sold on a by-product basis&nbsp;&nbsp;</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,055</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,162</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,047</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,072</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company also assesses its all-in sustaining
cost and all-in cost on a gold equivalent ounce basis. Under these non-GAAP measures, the Company&rsquo;s production of silver
is converted into gold equivalent ounces and credited to total production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Attributable all-in sustaining cost and all-in
cost per equivalent ounce sold are calculated by adjusting total production cost of sales, as reported on the consolidated statement
of operations, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; border: Black 2px solid">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Attributable All-In Sustaining Cost and All-In Cost Per <BR>
Equivalent Ounce Sold</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic">(in millions, except ounces and costs per equivalent ounce)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Three months ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">Years ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 2px solid">2014</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 52%; text-align: left">Production cost of sales - as reported</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">439.4</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">469.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; font-weight: bold; text-align: right">1,834.8</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">1,971.2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Less: portion attributable to Chirano non-controlling interest<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(1)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(4.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(18.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(16.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> production cost of sales</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">435.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">464.9</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,816.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,954.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Adjusting items on an attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> basis:</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">General and administrative<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(4)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">38.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">160.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">178.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Other operating expense - sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(16.9</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">21.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.9</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Reclamation and remediation - sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(6)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13.5</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">58.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">61.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Exploration and business development - sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">59.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 10pt">Additions to property, plant and equipment - sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(8)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">122.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">127.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">428.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">387.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">All-in Sustaining Cost - attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">626.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">655.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">2,544.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,642.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Other operating expense - non-sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(5)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">20.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36.9</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt">Exploration - non-sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(7)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">47.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 10pt">Additions to property, plant and equipment - non-sustaining<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(8)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">34.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">132.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">179.2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 10pt">Reclamation &amp; remediation costs not related to current operations<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(6)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(7.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">17.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(7.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">17.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">All-in Cost - attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">667.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">758.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">2,737.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,925.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Gold equivalent ounces sold</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">638,040</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">658,730</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,634,867</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,743,398</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Less: portion attributable to Chirano non-controlling interest<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(9)</sup></font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(5,629</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(7,232</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(25,997</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(28,040</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2px">Attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> gold equivalent ounces sold&nbsp;</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">632,411</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">651,498</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">2,608,870</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,715,358</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> all-in sustaining cost per equivalent ounce sold&nbsp;</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">991</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,006</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">975</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">973</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Attributable<font style="font: normal 10pt Times New Roman, Times, Serif"><sup>(2)</sup> all-in cost per equivalent ounce sold&nbsp;</font></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,055</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,163</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,049</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,077</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
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    <B>25 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right; width: 50%"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(1) &ldquo;Portion attributable to Chirano non-controlling interest&rdquo;
represents the non-controlling interest (10%) in the production cost of sales for the Chirano mine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(2) &ldquo;Attributable&rdquo; includes Kinross&rsquo; share of
Chirano (90%) production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(3) &ldquo;Attributable silver revenues&rdquo; represents the attributable
portion of metal sales realized from the production of the secondary or by-product metal (i.e. silver). Revenue from the sale of
silver, which is produced as a by-product of the process used to produce gold, effectively reduces the cost of gold production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(4) &ldquo;General and administrative&rdquo; expense is as reported
on the consolidated statement of operations, net of certain restructuring and transaction costs. General and administrative expenses
are considered sustaining costs as they are required to be absorbed on a continuing basis for the effective operation and governance
of the Company, except to the extent incurred for specific items or activities not representative of the underlying operating performance
of our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(5) &ldquo;Other operating expense &ndash; sustaining&rdquo; is
calculated as &ldquo;Other operating expense&rdquo; as reported on the consolidated statement of operations, less other operating
and reclamation and remediation expenses related to non-sustaining activities as well as other items not reflective of the underlying
operating performance of our business. Other operating expenses are classified as either sustaining or non-sustaining based on
the type and location of the expenditure incurred. The majority of other operating expenses that are incurred at existing operations
are considered costs necessary to sustain operations, and are therefore classified as sustaining. Other operating expenses incurred
at locations where there is no current operation or related to other non-sustaining activities are classified as non-sustaining.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(6) &ldquo;Reclamation and remediation - sustaining&rdquo; is calculated
as current period accretion related to reclamation and remediation obligations plus current period amortization of the corresponding
reclamation and remediation assets, and is intended to reflect the periodic cost of reclamation and remediation for currently operating
mines. Reclamation and remediation costs for development projects or closed mines are excluded from this amount and classified
as non-sustaining.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(7) &ldquo;Exploration and business development &ndash; sustaining&rdquo;
is calculated as &ldquo;Exploration and business development&rdquo; expenses as reported on the consolidated statement of operations,
less non-sustaining exploration expenses. Exploration expenses are classified as either sustaining or non-sustaining based on a
determination of the type and location of the exploration expenditure. Exploration expenditures within the footprint of operating
mines are considered costs required to sustain current operations and so are included in sustaining costs. Exploration expenditures
focused on new ore bodies near existing mines (i.e. brownfield), new exploration projects (i.e. greenfield) or for other generative
exploration activity not linked to existing mining operations are classified as non-sustaining. Business development expenses are
considered sustaining costs as they are required for general operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(8) &ldquo;Additions to property, plant and equipment &ndash; sustaining&rdquo;
represents the majority of capital expenditures at existing operations including capitalized exploration costs, capitalized stripping
and underground mine development costs, ongoing replacement of mine equipment and other capital facilities and other capital expenditures
and is calculated as total additions to property, plant and equipment (as reported on the consolidated statements of cash flows)
net of proceeds from the disposal of certain property, plant and equipment, less capitalized interest and non-sustaining capital.
Non-sustaining capital represents capital expenditures for major growth projects as well as enhancement capital for significant
infrastructure improvements at existing operations. Non-sustaining capital expenditures during the three and twelve months ended
December 31, 2015 relate to projects at Tasiast, Chirano and La Coipa.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(9) &ldquo;Portion attributable to Chirano non-controlling interest&rdquo;
represents the non-controlling interest (10%) in the ounces sold from the Chirano mine.</P>

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    <B>26 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right; width: 50%"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>2015 Annual Mineral Reserve and Resource Statement
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Proven and Probable Mineral Reserves</B></P>



<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid">MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</td>
    <td style="font-weight: bold; border-top: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; text-align: right">&nbsp;GOLD&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; border-left: Black 2px solid">PROVEN AND PROBABLE MINERAL RESERVES <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B><SUP>(1,3,4,5,6,8,9,11)</SUP></B></FONT></td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">Kinross Gold Corporation&rsquo;s Share at December 31, 2015</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Property</td>
    <TD ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Location</td>
    <td style="text-align: center; border-top-color: Black; border-top-width: 1pt; border-left-color: Black; border-left-width: 0.5pt">Kinross</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Proven</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Probable</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Proven and Probable</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Interest</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">(%)</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; width: 19%">NORTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; width: 2%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 6%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 8%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 8%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 8%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Bald Mountain</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>8</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,647</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,980</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,627</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,117</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Fort Knox Area</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,740</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;628</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99,578</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,394</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147,318</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,022</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Kettle River</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Round Mountain Area</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,062</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.7</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,083</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66,145</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.7</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,470</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101,449</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,907</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166,807</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.5</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,749</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268,256</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.5</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,656</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">SOUTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Cerro Casale</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>9</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">25.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,425</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,195</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241,975</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,616</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299,400</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,811</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Maricunga</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,209</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,432</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40,641</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,042</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Paracatu</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Brazil</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427,432</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,653</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260,558</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.5</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,992</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687,990</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,645</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500,066</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.5</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,276</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527,965</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.5</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,222</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,876</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.5</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,498</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">AFRICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Chirano</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Ghana</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">90.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,275</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,394</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,669</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,135</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Tasiast</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>11</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Mauritania</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,575</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,575</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120,569</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,377</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158,144</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,952</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44,850</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,862</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127,963</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.0</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,225</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172,813</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,087</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-left: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">RUSSIA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Dvoinoye</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,631</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,265</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Kupol</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,253</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,904</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,544</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,157</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,899</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,887</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,535</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,150</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,422</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.0</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,714</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid">TOTAL GOLD&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648,252</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.6</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,609</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830,270</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.8</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,346</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,478,522</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.7</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,955</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid">MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</td>
    <td style="font-weight: bold; border-top: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; text-align: right">&nbsp;SILVER&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font-weight: bold; border-left: Black 2px solid">PROVEN AND PROBABLE MINERAL RESERVES <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B><SUP>(1,3,4,5,6,9)</SUP></B></FONT></td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">Kinross Gold Corporation&rsquo;s Share at December 31, 2015</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Property</td>
    <TD ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Location</td>
    <td style="text-align: center; border-top-color: Black; border-top-width: 1pt; border-left-color: Black; border-left-width: 0.5pt">Kinross</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Proven</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Probable</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Proven and Probable</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Interest</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">(%)</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">NORTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Round Mountain Area</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,908</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.0</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,370</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,908</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.0</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,370</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-left: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">SOUTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Cerro Casale</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>9</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">25.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,425</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,522</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241,975</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,150</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299,400</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,672</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,425</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,522</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241,975</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,150</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299,400</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,672</td></tr>
<tr style="vertical-align: middle">
    <td style="border-left: Black 2px solid; text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">RUSSIA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Dvoinoye</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,631</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.7</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;979</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,265</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,317</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Kupol</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,253</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,011</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,904</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.7</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,112</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,157</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,123</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,887</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,349</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,535</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,091</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,422</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84.0</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,440</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid">TOTAL SILVER&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,774</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,066</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251,418</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,916</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311,192</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40,982</td></tr>
<tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid">MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; text-align: right">&nbsp;COPPER&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font-weight: bold; border-left: Black 2px solid">PROVEN AND PROBABLE MINERAL RESERVES <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B><SUP>(1,3,4,5,6,9)</SUP></B></FONT></td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-right: Black 2px solid">Kinross Gold Corporation&rsquo;s Share at December 31, 2015</td></tr>
<tr style="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Property</td>
    <TD ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Location</td>
    <td style="border-right: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt; border-left-color: Black; border-left-width: 0.5pt">Kinross</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Proven</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Probable</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Proven and Probable</td></tr>
<tr style="vertical-align: middle">
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Interest</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Pounds&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Pounds&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Pounds&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">(%)</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(%)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(Mlb)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(%)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(Mlb)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(%)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(Mlb)&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-left: Black 2px solid">SOUTH AMERICA</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid">Cerro Casale</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right"><sup>9</sup></td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left-color: Black; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">25.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,425</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241,975</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.23</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,204</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299,400</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.22</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,444</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,425</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241,975</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.23</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,204</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299,400</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.22</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,444</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid">TOTAL COPPER</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,425</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241,975</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.23</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,204</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299,400</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.22</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,444</td></tr>
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    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>27 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Measured and Indicated Mineral Resources </B></P>



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    <TD COLSPAN="10" STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid">MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</td>
    <td style="font-weight: bold; border-top: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; text-align: right">&nbsp;GOLD&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="font-weight: bold; border-left: Black 2px solid; border-right: Black 2px solid">MEASURED AND INDICATED MINERAL RESOURCES (EXCLUDES PROVEN AND PROBABLE MINERAL RESERVES) <BR>
<FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B><SUP>(2,3,4,5,6,7,8,9,10,11)</SUP></B></FONT></td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">Kinross Gold Corporation&rsquo;s Share at December 31, 2015</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Property</td>
    <TD ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Location</td>
    <td style="border-right: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt; border-left-color: Black; border-left-width: 0.5pt">Kinross</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Measured</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Indicated</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Measured and Indicated</td></tr>
<tr style="vertical-align: middle">
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Interest</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">(%)</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; width: 20%">NORTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; width: 2%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 8%">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 7%">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Bald Mountain</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>8</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,337</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.80</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152,634</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,982</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188,971</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,933</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Fort Knox Area</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,077</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88,745</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,320</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95,822</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,423</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">Kettle River</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left-color: Black; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Round Mountain Area</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,624</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,534</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,158</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">White Gold</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Yukon</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,788</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,788</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,038</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,312</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278,773</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,579</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336,811</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,891</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">SOUTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Cerro Casale</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><sup>9</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">25.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,739</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.30</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68,423</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;787</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,162</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">La Coipa</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>10</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,364</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.80</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,452</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.80</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,440</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,816</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.80</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,747</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Lobo Marte</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96,646</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,525</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88,720</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.20</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,489</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185,366</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.20</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,014</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Maricunga</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,860</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.80</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180,224</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,830</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198,084</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,275</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Paracatu</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Brazil</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137,307</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.30</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,264</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178,201</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.30</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,003</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315,508</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.30</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,267</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262,916</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,597</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541,020</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,549</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803,936</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,146</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">AFRICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Chirano</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Ghana</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">90.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,378</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,585</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.40</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,963</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Tasiast</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>11</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Mauritania</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,164</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83,091</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.20</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,246</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92,255</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.20</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,445</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,542</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.90</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90,676</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.30</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,824</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103,218</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.30</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,184</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-left: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">RUSSIA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Dvoinoye</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.00</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.20</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.90</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Kupol</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,018</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.30</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,164</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.20</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,150</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,300</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.40</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-weight: bold; border-left: Black 2px solid; text-align: center">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top: Black 2px solid">TOTAL GOLD&nbsp;</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 2px solid; border-top: Black 2px solid">&nbsp;</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 2px solid; border-top: Black 2px solid">&nbsp;</td>
    <TD STYLE="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333,646</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,301</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911,619</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,269</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,245,265</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,570</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid">MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</td>
    <td style="font-weight: bold; border-top: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; text-align: right">&nbsp;SILVER&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font-weight: bold; border-left: Black 2px solid">MEASURED AND INDICATED MINERAL RESOURCES (EXCLUDES PROVEN AND PROBABLE MINERAL RESERVES) <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B><SUP>(2,3,4,5,6,7,9,10)</SUP></B></FONT></td>
    <td style="border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">Kinross Gold Corporation&rsquo;s Share at December 31, 2015</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Property</td>
    <TD ROWSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Location</td>
    <td style="border-right: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt; border-left-color: Black; border-left-width: 0.5pt">Kinross</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Measured</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Indicated</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Measured and Indicated</td></tr>
<tr style="vertical-align: middle">
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Interest</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">(%)</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">NORTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Round Mountain Area</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,214</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,025</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,325</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,239</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,687</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,214</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,025</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,325</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,239</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,687</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-left: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">SOUTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Cerro Casale</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>9</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">25.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,739</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68,423</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,328</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,162</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,548</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">La Coipa</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>10</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,364</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.0</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,893</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,452</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70.1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,341</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,816</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64,234</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,103</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,113</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93,875</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,669</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104,978</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66,782</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">RUSSIA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Dvoinoye</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.7</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Kupol</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82.4</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,018</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,234</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,164</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,621</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,150</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,302</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,300</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,690</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid">TOTAL SILVER&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,467</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.6</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,863</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105,050</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.3</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,296</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117,517</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73,159</td></tr>
<tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid">MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</td>
    <td style="font-weight: bold; border-top: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; text-align: right">&nbsp;COPPER&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="font-weight: bold; border-left: Black 2px solid">MEASURED AND INDICATED MINERAL RESOURCES (EXCLUDES PROVEN AND PROBABLE MINERAL RESERVES) <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B><SUP>(2,3,4,5,6,7,9)</SUP></B></FONT></td>
    <td style="border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">Kinross Gold Corporation&rsquo;s Share at December 31, 2015</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Property</td>
    <td rowspan="3" style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt">Location</td>
    <td style="border-right: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt; border-left-color: Black; border-left-width: 0.5pt">Kinross</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Measured</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Indicated</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Measured and Indicated</td></tr>
<tr style="vertical-align: middle">
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Interest</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Pounds&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Pounds&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Pounds&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">(%)</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(%)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(Mlb)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(%)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(Mlb)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(%)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(Mlb)&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">SOUTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Cerro Casale</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>9</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">25.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,739</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.1</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68,423</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,162</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.16</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,739</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.1</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68,423</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,162</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.16</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid">TOTAL COPPER</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,739</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.13</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68,423</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.16</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,162</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.16</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265</td></tr>
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    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>28 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Inferred Mineral Resources </B></P>



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    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid">MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; text-align: right">&nbsp;GOLD&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-weight: bold; border-left: Black 2px solid">INFERRED MINERAL RESOURCES&nbsp;&nbsp;<FONT STYLE="font: normal 10pt Times New Roman, Times, Serif"><B><SUP>(2,3,4,5,6,7,8,9,10,11)</SUP></B></FONT></td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">Kinross Gold Corporation&rsquo;s Share at December 31, 2015</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Property</td>
    <td rowspan="3" style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt">Location</td>
    <td style="border-right: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt; border-left-color: Black; border-left-width: 0.5pt">Kinross</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Inferred</td></tr>
<tr style="vertical-align: middle">
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Interest</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td></tr>
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    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">(%)</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; width: 31%">NORTH AMERICA</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; width: 3%">&nbsp;</td>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">&nbsp;</td>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">&nbsp;</td>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">&nbsp;</td>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 14%">&nbsp;</td>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 13%">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Bald Mountain</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><sup>8</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,396</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Fort Knox Area</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,824</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Kettle River</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Round Mountain Area</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,205</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">White Gold</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Yukon</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,166</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.80</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,627</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;965</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">SOUTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Cerro Casale</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><sup>9</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">25.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123,860</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,498</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">La Coipa</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>10</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,121</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Lobo Marte</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,003</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Maricunga</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,942</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,053</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Paracatu</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Brazil</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,515</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192,441</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,864</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">AFRICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Chirano</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Ghana</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">90.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,602</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.90</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Tasiast</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><sup>11</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Mauritania</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,834</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;547</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,436</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.70</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-left: Black 2px solid; text-align: left">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">RUSSIA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Dvoinoye</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.80</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Kupol</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.30</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">TOTAL GOLD&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262,986</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.60</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,658</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid">MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; text-align: right">&nbsp;SILVER&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="font-weight: bold; border-left: Black 2px solid">INFERRED MINERAL RESOURCES&nbsp;&nbsp;<font style="font: normal 10pt Times New Roman, Times, Serif"><b><sup>(2,3,4,5,6,7,9,10)</sup></b></font></td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="5" style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">Kinross Gold Corporation&rsquo;s Share at December 31, 2015</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Property</td>
    <td rowspan="3" style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt">Location</td>
    <td style="border-right: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt; border-left-color: Black; border-left-width: 0.5pt">Kinross</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center">Inferred</td></tr>
<tr style="vertical-align: middle">
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Interest</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Ounces&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">(%)</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(g/t)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(koz)&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">NORTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Round Mountain Area</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">USA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,377</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,377</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-left: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">SOUTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Cerro Casale</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><sup>9</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">25.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123,860</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.0</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,126</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">La Coipa</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><sup>10</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,121</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,081</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125,981</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,207</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="border-right: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">RUSSIA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Dvoinoye</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.7</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Kupol</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Russia</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">100.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,626</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107.2</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,660</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">TOTAL SILVER&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128,840</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,321</td></tr>
<tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: Black 2px solid; border-left: Black 2px solid">MINERAL RESERVE AND MINERAL RESOURCE STATEMENT</td>
    <td style="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; text-align: right">&nbsp;COPPER&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="4" style="font-weight: bold; border-left: Black 2px solid">INFERRED MINERAL RESOURCES&nbsp;&nbsp;<font style="font: normal 10pt Times New Roman, Times, Serif"><b><sup>(2,3,4,5,6,7,9)</sup></b></font></td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="5" style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">Kinross Gold Corporation&rsquo;s Share at December 31, 2015</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Property</td>
    <td rowspan="3" style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 1pt">Location</td>
    <td style="text-align: center; border-top-color: Black; border-top-width: 1pt; border-left-color: Black; border-left-width: 0.5pt">Kinross</td>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center">Inferred</td></tr>
<tr style="vertical-align: middle">
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Interest</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 1pt">&nbsp;Tonnes&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;Grade&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;Pounds&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">(%)</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(kt)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(%)&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;(Mlb)&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid">SOUTH AMERICA</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 2px solid; text-align: right">&nbsp;</td>
    <td style="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">Cerro Casale</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt; text-align: right"><sup>9</sup></td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">Chile</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">25.0%</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123,860</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">SUBTOTAL</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123,860</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-left: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">TOTAL COPPER</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123,860</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19</td>
    <td style="font-weight: bold; border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523</td></tr>
</table>


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    <B>29 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
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        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Mineral Reserve and Mineral Resource Statement
Notes </B></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(1) Unless otherwise noted, the Company&rsquo;s
mineral reserves are estimated using appropriate cut-off grades based on an assumed gold price of $US 1,200 per ounce, a silver
price of $US 17.00 per ounce and a copper price of $US 3.00 per pound. Mineral reserves are estimated using appropriate process
recoveries, operating costs and mine plans that are unique to each property and include estimated allowances for dilution and mining
recovery. Mineral reserve estimates are reported in contained units and are estimated based on the following foreign exchange rates:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">Russian Ruble to $US 50</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">Chilean Peso to $US 600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">Brazilian Real to $US 3.0</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">Ghanaian Cedi to $US 3.5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(2) Unless otherwise noted, the Company&rsquo;s
mineral resources are estimated using appropriate cut-off grades based on a gold price of $US 1,400 per ounce, a silver price of
$US 20.00 per ounce, a copper price of $US 3.00 per pound. Foreign exchange rates for estimating mineral resources were the same
as for mineral reserves.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(3) The Company&rsquo;s mineral reserve and
mineral resource estimates as at December 31, 2015 are classified in accordance with the Canadian Institute of Mining, Metallurgy
and Petroleum (&ldquo;CIM&rdquo;) &ldquo;CIM Definition Standards - For Mineral Resources and Mineral Reserves&rdquo; adopted by
the CIM Council (as amended, the &ldquo;CIM Definition Standards&rdquo;) in accordance with the requirements of National Instrument
43-101 &ldquo;Standards of Disclosure for Mineral Projects&rdquo; (&ldquo;NI 43-101&rdquo;). Mineral reserve and mineral resource
estimates reflect the Company&rsquo;s reasonable expectation that all necessary permits and approvals will be obtained and maintained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(4) Cautionary note to U.S. Investors concerning
estimates of mineral reserves and mineral resources. These estimates have been prepared in accordance with the requirements of
Canadian securities laws, which differ from the requirements of United States&rsquo; securities laws. The terms &ldquo;mineral
reserve&rdquo;, &ldquo;proven mineral reserve and &ldquo;probable mineral reserve&rdquo; are Canadian mining terms as defined in
accordance with NI 43-101 and the CIM Definition Standards. The CIM Definition Standards differ from the definitions in the United
States Securities and Exchange Commission (&ldquo;SEC&rdquo;) Guide 7 (&ldquo;SEC Guide 7&rdquo;) under the United States Securities
Act of 1933, as amended. Under SEC Guide 7, a &ldquo;final&rdquo; or &ldquo;bankable&rdquo; feasibility study is required to report
mineral reserves, the three-year historical average price is used in any mineral reserve or cash flow analysis to designate mineral
reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. In addition,
the terms &ldquo;mineral resource&rdquo;, &ldquo;measured mineral resource&rdquo;, &ldquo;indicated mineral resource&rdquo; and
&ldquo;inferred mineral resource&rdquo; are defined in NI 43-101 and recognized by Canadian securities laws but are not defined
terms under SEC Guide 7 or recognized under U.S. securities laws. U.S. investors are cautioned not to assume that any part or all
of mineral deposits in these categories will ever be upgraded to mineral reserves. &ldquo;Inferred mineral resources&rdquo; have
a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot
be assumed that all or any part of an &ldquo;inferred mineral resource&rdquo; will ever by upgraded to a higher category. Under
Canadian securities laws, estimates of &ldquo;inferred mineral resources&rdquo; may not form the basis of feasibility or pre-feasibility
studies, except in rare cases. U.S. investors are cautioned not to assume that all or any part of an inferred mineral resource
exists or is economically or legally mineable. Accordingly, these mineral reserve and mineral resource estimates and related information
may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements
under the United States federal laws and the rules and regulations thereunder, including SEC Guide 7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(5) Except as provided in Note (9), the Company&rsquo;s
mineral resource and mineral reserve estimates were prepared under the supervision of and verified by Mr. John Sims, an officer
of Kinross, who is a qualified person as defined by NI 43-101.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(6) The Company&rsquo;s normal data verification
procedures have been used in collecting, compiling, interpreting and processing the data used to estimate mineral reserves and
mineral resources. Independent data verification has not been performed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(7) Mineral resources that are not mineral
reserves do not have to demonstrate economic viability. Mineral resources are subject to infill drilling, permitting, mine planning,
mining dilution and recovery losses, among other things, to be converted into mineral reserves. Due to the uncertainty associated
with inferred mineral resources, it cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded
to indicated or measured mineral resources, including as a result of continued exploration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(8) Bald Mountain was acquired by Kinross effective
January 11, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(9) Estimates for the Cerro Casale project
are based on a project update completed by Barrick Gold Corporation in the first half of 2011 and have been updated to reflect
current guidance. Mineral reserves and mineral resources are estimated using appropriate cut-off grades based on the following
commodity prices and foreign exchange rates:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mineral reserves - Gold price of $US 1,000
per ounce, Silver price of $US 16.00 per ounce, Copper price of $US 2.00 per pound, Chilean Peso to $US 525</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;Mineral resources -
Gold price of $US 1,400 per ounce, Silver price of $US 19.00 per ounce, Copper price of $US 3.50 per pound, Chilean Peso to $US
585</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;The mineral reserve and mineral resource estimates
for Cerro Casale were prepared under the supervision of Mr. Rick Sims, who is a qualified person as defined by NI 43-101.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(10) Includes mineral resources from the Puren
deposit in which the Company holds a 65% interest. Mineral resources for the Phase 7 project are reported at 100% ownership, however
Kinross has a 75% interest in the Phase 7 project.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(11) The Tasiast proven and probable mineral reserve, and measured,
indicated and inferred mineral resource estimates in this table, as at December 31, 2015, are based on the results of the feasibility
study assessing the 38,000 tonnes per day CIL mill expansion, as adjusted to reflect 2014 and 2015 production. For further information,
please see the Company&rsquo;s news release dated March 31, 2014 and the National Instrument 43-101 Technical Report for Tasiast
dated March 31, 2014, both available at www.kinross.com and under the Company&rsquo;s profile on SEDAR (www.sedar.com).</P>

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    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>30 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Mineral Reserve and Mineral Resource Definitions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: windowtext">A </FONT><FONT STYLE="color: #C59B5F"><B>Mineral
Reserve</B></FONT><FONT STYLE="color: windowtext"> is the economically mineable part of a Measured or Indicated Mineral Resource
demonstrated by at least a Preliminary Feasibility Study. This Study must include adequate information on mining, processing, metallurgical,
economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A Mineral
Reserve includes diluting materials and allowances for losses that may occur when the material is mined. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="color: windowtext">A
</FONT><FONT STYLE="color: #C59B5F"><B>&lsquo;Probable Mineral Reserve&rsquo; </B></FONT><FONT STYLE="color: windowtext">is the
economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary
Feasibility Study. This Study must include adequate information on mining, processing, metallurgical, economic, and other relevant
factors that demonstrate, at the time of reporting, that economic extraction can be justified. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="color: windowtext">A
</FONT><FONT STYLE="color: #C59B5F"><B>&lsquo;Proven Mineral Reserve&rsquo; </B></FONT><FONT STYLE="color: windowtext">is the economically
mineable part of a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This Study must include
adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of
reporting, that economic extraction is justified. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: windowtext">A </FONT><FONT STYLE="color: #C59B5F"><B>Mineral
Resource </B></FONT><FONT STYLE="color: windowtext">is a concentration or occurrence of diamonds, natural solid inorganic material,
or natural solid fossilized organic material including base and precious metals, coal, and industrial minerals in or on the Earth&rsquo;s
crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location,
quantity, grade, geological characteristics and continuity of a Mineral Resource are known, estimated or interpreted from specific
geological evidence and knowledge. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="color: windowtext">An
</FONT><FONT STYLE="color: #C59B5F"><B>&lsquo;Inferred Mineral Resource&rsquo; </B></FONT><FONT STYLE="color: windowtext">is that
part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited
sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information
and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="color: windowtext">An
</FONT><FONT STYLE="color: #C59B5F"><B>&lsquo;Indicated Mineral Resource&rsquo;</B></FONT><FONT STYLE="color: windowtext"> is that
part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated
with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine
planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and
testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill
holes that are spaced closely enough for geological and grade continuity to be reasonably assumed. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">A</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif; color: #C59B5F"><B>&lsquo;Measured Mineral Resource&rsquo;</B></FONT><B><FONT STYLE="color: #C59B5F">
</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">is that part of a Mineral Resource for which quantity, grade
or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient
to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the
economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information
gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced
closely enough to confirm both geological and grade continuity.&#9;&#9;<FONT STYLE="color: #C59B5F"><B>&#9;&#9;</B></FONT></FONT></P>

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    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>31 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>Cautionary statement on forward-looking information
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>All statements, other than statements of
historical fact, contained or incorporated by reference in this news release including, but not limited to, any information as
to the future financial or operating performance of Kinross, constitute &lsquo;&lsquo;forward-looking information&rsquo;&rsquo;
or &lsquo;&lsquo;forward-looking statements&rsquo;&rsquo; within the meaning of certain securities laws, including the provisions
of the Securities Act (Ontario) and the provisions for &lsquo;&lsquo;safe harbour&rsquo;&rsquo; under the United States Private
Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this news release.
Forward-looking statements contained in this news release, include, but are not limited to, those under the headings (or headings
that include): &ldquo;Outlook&rdquo;, &ldquo;Mineral Reserve&rdquo;, &ldquo;Mineral Resource&rdquo;, &ldquo;Exploration&rdquo;,
&ldquo;Balance sheet&rdquo;, &ldquo;Russia projects update&rdquo;, and &ldquo;Tasiast expansion update&rdquo;, and include, without
limitation, statements with respect to our guidance for production; production costs of sales, all-in sustaining cost and capital
expenditures; and continuous improvement initiatives, as well as references to other possible events, the future price of gold
and silver, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of
the development of projects and new deposits, success of exploration, development and mining activities, currency fluctuations,
capital requirements, project studies, mine life extensions, restarting suspended or disrupted operations; continuous improvement
initiatives; and resolution of pending litigation. The words &ldquo;anticipate&rdquo;, &ldquo;assumption&rdquo;, &ldquo;believe&rdquo;,
&ldquo;budget&rdquo;, &ldquo;contemplate&rdquo;, &ldquo;consideration&rdquo;, &ldquo;contingent&rdquo;, &ldquo;encouraging&rdquo;,
&ldquo;estimates&rdquo;, &lsquo;&lsquo;expects&rsquo;&rsquo;, &ldquo;explore&rdquo;, &ldquo;feasibility&rdquo;, &ldquo;forecast&rdquo;,
&ldquo;focus&rdquo;, &ldquo;forward&rdquo;, &ldquo;guidance&rdquo;, &ldquo;indicate&rdquo;, &ldquo;intend&rdquo;, &ldquo;initiative&rdquo;,
&ldquo;measures&rdquo;, &ldquo;model&rdquo;, &ldquo;objective&rdquo;, &ldquo;on track&rdquo;, &ldquo;optimize&rdquo;, &ldquo;outlook&rdquo;,
&ldquo;opportunity&rdquo;, &ldquo;PFS&rdquo;, &ldquo;phased,&rdquo; &ldquo;plan&rdquo;, &ldquo;possible&rdquo;, &ldquo;potential&rdquo;,
&ldquo;pre-feasibility&rdquo;, &ldquo;priority&rdquo;, &ldquo;project&rdquo;, &ldquo;projection&rdquo;, &ldquo;prospective&rdquo;,
&ldquo;strategy&rdquo;, &ldquo;study&rdquo;, &ldquo;target&rdquo;, &ldquo;trend&rdquo; or &ldquo;upside&rdquo;, or variations of
or similar such words and phrases or statements that certain actions, events or results may, could, should or &lsquo;will be achieved,
received or taken, or will occur or result and similar such expressions identify forward-looking statements. Forward-looking statements
are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of
such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The
estimates, models and assumptions of Kinross referenced, contained or incorporated by reference in this news release, which may
prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in our most recently filed
Annual Information Form and our Management&rsquo;s Discussion and Analysis as well as: (1) there being no significant disruptions
affecting the operations of the Company whether due to extreme weather events (including, without limitation, excessive or lack
of rainfall) and other or related natural disasters, labour disruptions (including but not limited to following workforce reductions),
supply disruptions, power disruptions, damage to equipment or otherwise; (2) permitting, development, operations and production
from the Company&rsquo;s operations being consistent with Kinross&rsquo; current expectations including, without limitation, land
acquisitions and permitting for the construction and operation of the new tailings facility, water and power supply and launch
of the new tailings reprocessing facility at Paracatu; (3) political and legal developments in any jurisdiction in which the Company
operates being consistent with its current expectations including, without limitation, the impact of any escalating political tensions
and uncertainty in the Russian Federation and Ukraine or any related sanctions and any other similar restrictions or penalties
imposed, or actions taken, by any government, including but not limited to potential power rationing, tailing facility regulation
and amendments to mining laws in Brazil, potential amendments to water laws and/or other water use restrictions and regulatory
actions in Chile, potential amendments to minerals and mining laws and dam safety regulation in Ghana, potential amendments to
customs and mining laws (including but not limited amendments to the VAT) in Mauritania, and potential amendments to and enforcement
of tax laws in Russia (including, but not limited to, the interpretation, implementation, application and enforcement of any such
laws and amendments thereto), being consistent with Kinross&rsquo; current expectations; (4) the exchange rate between the Canadian
dollar, Brazilian real, Chilean peso, Russian rouble, Mauritanian ouguiya, Ghanaian cedi and the U.S. dollar being approximately
consistent with current levels; (5) certain price assumptions for gold and silver; (6) prices for diesel, natural gas, fuel oil,
electricity and other key supplies being approximately consistent with current levels; (7) production and cost of sales forecasts
for the Company meeting expectations; (8) the accuracy of the current mineral reserve and mineral resource estimates of the Company
(including but not limited to ore tonnage and ore grade estimates); (9) labour and materials costs increasing on a basis consistent
with Kinross&rsquo; current expectations; (10) the terms and conditions of the legal and fiscal stability agreements for the Tasiast
and Chirano operations being interpreted and applied in a manner consistent with their intent and Kinross&rsquo; expectations;
(11) goodwill and/or asset impairment potential; and (12) access to capital markets, including but not limited to maintaining an
investment grade debt rating being consistent with the Company&rsquo;s current expectations. Known and unknown factors could cause
actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited
to: sanctions (any other similar restrictions or penalties) now or subsequently imposed, other actions taken, by, against, in respect
of or otherwise impacting any jurisdiction in which the Company is domiciled or operates (including but not limited to the Russian
Federation, Canada, the European Union and the United States), or any government or citizens of, persons or companies domiciled
in, or the Company&rsquo;s business, operations or other activities in, any such jurisdiction; litigation commenced, or other claims
or actions brought, against the Company (and/or any of its directors, officers or employees) in respect of the cessation by the
Company of investment in and development of FDN and its sale, or any of the Company&rsquo;s prior activities on or in respect thereof
or otherwise in Ecuador; fluctuations in the currency markets; fluctuations in the spot and forward price of gold or certain other
commodities (such as fuel and electricity); changes in the discount rates applied to calculate the present value of net future
cash flows based on country-specific real weighted average cost of capital; changes in the market valuations of peer group gold
producers and the Company, and the resulting impact on market price to net asset value multiples; changes in various market variables,
such as interest rates, foreign exchange rates, gold or silver prices and lease rates, or global fuel prices, that could impact
the mark-to-market value of outstanding derivative instruments and ongoing payments/receipts under any financial obligations; risks
arising from holding derivative instruments (such as credit risk, market liquidity risk and mark-to-market risk); changes in national
and local government legislation, taxation (including but not limited to income tax, advance income tax, stamp tax, withholding
tax, capital tax, tariffs, value-added or sales tax, capital outflow tax, capital gains tax, windfall or windfall profits tax,
royalty, excise tax, customs/import or export taxes/duties, asset taxes, asset transfer tax, property use or other real estate
tax, together with any related fine, penalty, surcharge, or interest imposed in connection with such taxes), controls, policies
and regulations; the security of personnel and assets; political or economic developments in Canada, the United States, Chile,
Brazil, Russia, Mauritania, Ghana, or other countries in which Kinross does business or may carry on business; business opportunities
that may be presented to, or pursued by, us; our ability to successfully integrate acquisitions and complete divestitures; operating
or technical difficulties in connection with mining or development activities; employee relations; litigation or other claims against,
or regulatory investigations and/or any enforcement actions or sanctions in respect of the Company (and/or its directors, officers,
or employees) including, but not limited to, securities class action litigation in Canada and/or the United States, or any investigations,
enforcement actions and/or sanctions under any applicable anti-corruption, international sanctions and/or anti-money laundering
laws and regulations in Canada, the United States or any other applicable jurisdiction; the speculative nature of gold exploration
and development including, but not limited to, the risks of obtaining necessary licenses and permits; diminishing quantities or
grades of reserves; adverse changes in our credit rating; and contests over title to properties, particularly title to undeveloped
properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining,
including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold
bullion losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Many of these
uncertainties and contingencies can directly or indirectly affect, and could cause, Kinross&rsquo; actual results to differ materially
from those expressed or implied in any forward-looking statements made by, or on behalf of, Kinross,including but not limited to
resulting in an impairment charge on goodwill and/or assets. There can be no assurance that forward-looking statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking
statements are provided for the purpose of providing information about management&rsquo;s expectations and plans relating to the
future. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those
made in our other filings with the securities regulators of Canada and the United States including, but not limited to, the cautionary
statements made in the &lsquo;&lsquo;Risk Factors&rsquo;&rsquo; section of our most recently filed Annual Information Form and
the &ldquo;Risk Analysis&rdquo; section of our full year 2015 MD&amp;A. These factors are not intended to represent a complete
list of the factors that could affect Kinross. Kinross disclaims any intention or obligation to update or revise any forward-looking
statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to
the extent required by applicable law.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>32 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt"><IMG SRC="t1600057001_v1.jpg" ALT="(kinross logo)"></TD>
    <TD STYLE="width: 50%">
        <P STYLE="text-align: right;  color: #C59B5F"><FONT STYLE="font-size: 10pt"><B>Kinross Gold Corporation</B></FONT></P>
        <P STYLE="text-align: right">25 York Street, 17th Floor<BR>
        <FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">Toronto, ON Canada M5J 2V5</FONT></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Other information</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Where we say &lsquo;&lsquo;we&rsquo;&rsquo;, &lsquo;&lsquo;us&rsquo;&rsquo;,
&lsquo;&lsquo;our&rsquo;&rsquo;, the &lsquo;&lsquo;Company&rsquo;&rsquo;, or &lsquo;&lsquo;Kinross&rsquo;&rsquo; in this news release,
we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries, as may be applicable.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>The technical information about the Company&rsquo;s mineral properties
(other than exploration activities) contained in this news release has been prepared under the supervision of Mr. John Sims, an
officer of the Company who is a &ldquo;qualified person&rdquo; within the meaning of National Instrument 43-101 (&ldquo;NI 43-101&rdquo;).
The technical information about the Company&rsquo;s exploration activities contained in this news release has been prepared under
the supervision of Mr. Sylvain Guerard, an officer of the Company who is a &ldquo;qualified person&rdquo; within the meaning of
NI 43-101.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; background-color: white">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: gray">p.
    <B>33 </B></FONT><B><FONT STYLE="font-size: 10pt; color: #C59B5F">Kinross reports 2015 fourth-quarter and full-year results</FONT></B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-top: #C59B5F 1.5pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I></I></P>

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