<SEC-DOCUMENT>0001571049-16-016867.txt : 20160728
<SEC-HEADER>0001571049-16-016867.hdr.sgml : 20160728
<ACCEPTANCE-DATETIME>20160727213636
ACCESSION NUMBER:		0001571049-16-016867
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160727
FILED AS OF DATE:		20160728
DATE AS OF CHANGE:		20160727

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:		161788134

	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>t1600467-kinross_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</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: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">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 July, 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&nbsp;&#9744;&#9;Form 40-F&nbsp;&#9746;</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):&nbsp;&#9744;</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):&nbsp;&#9744;</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&nbsp;&#9744;&#9;No&nbsp;&#9746;</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 May
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"></P>

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<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: 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 July 27, 2016 in which Kinross Gold Corporation announced its
results for the second quarter ended June 30, 2016.</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>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">99.1</TD><TD STYLE="text-align: left">Press Release dated July 27, 2016</TD></TR></TABLE>

<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; text-align: left"></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 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">&nbsp;&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><B>KINROSS GOLD CORPORATION</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">Signed: //Kathleen M. Grandy//&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 45%; padding-left: 10pt">Vice President, Assistant General Counsel &amp; Corporate Secretary</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt"></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">July 27, 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>t1600467_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"></P>

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<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

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

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: gray"><B>please see Kinross&rsquo; 2016
second quarter<BR>
Financial Statements and MD&amp;A</B></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Kinross
reports 2016 second-quarter results</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #C59B5F"><FONT STYLE="font-size: 12pt">Adjusted
operating cash flow increases by 16% and attributable margins by 14%</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #C59B5F"><FONT STYLE="font-size: 12pt">Maintained
strong balance sheet with robust cash position of $968 million</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Toronto, Ontario &ndash; July 27, 2016 </B>&ndash;
Kinross Gold Corporation (TSX: K, NYSE: KGC) today announced its results for the second quarter ended June 30, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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 17 of this release. All dollar amounts are expressed in
U.S. dollars, unless otherwise noted.)</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>2016 second quarter
highlights:</B></FONT></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: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Production</B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><SUP>1</SUP></FONT><B>:</B>
671,267<B> </B>gold equivalent ounces (Au eq. oz.), compared with 660,898 Au eq. oz. in Q2 2015.</TD></TR></TABLE>

<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: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Revenue: </B>$876.4 million, compared with $755.2 million in Q2 2015.</TD></TR></TABLE>

<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: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Production cost of sales</B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><SUP>2</SUP></FONT><B>:
</B>$731 per Au eq. oz., compared with $724 in Q2 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>All-in sustaining cost</B><SUP>2</SUP><B>: </B>$988 per Au eq. oz. sold, compared with $1,011
in Q2 2015. All-in sustaining cost per gold ounce (Au oz.) sold on a by-product basis was $976 in Q2 2016, compared with $1,006
in Q2 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Adjusted operating cash flow</B><SUP>2</SUP><B>: </B>$187.2 million, or $0.15 per share, compared
with $161.4 million, or $0.14 per share, in Q2 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Adjusted net loss</B><SUP>2,3</SUP><B>: </B>$9.8 million, or $0.01 per share, compared with
adjusted net loss of $13.6 million, or $0.01 per share, in Q2 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Reported net loss</B><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black"><SUP>3</SUP></FONT><B>:</B>
$25.0 million, or $0.02 per share, compared with a loss of $83.2 million, or $0.07 per share, in Q2 2015.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Balance sheet: </B>Increased cash and cash equivalents to $968.2 million, adding $217.8 million
during the quarter, with total liquidity of approximately $2.5 billion.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Average realized gold price: </B>$1,266 per ounce, compared with $1,194 per ounce in Q2 2015.<B>
</B></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Tasiast update: </B>Kinross has resolved the expatriate work permit issue with the Government
of Mauritania and expects to resume normal operations in August 2016.<B> </B></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>Outlook:</B> Kinross expects to be within its 2016 guidance range for production (2.7 - 2.9
million Au eq. oz.), production cost of sales ($675 - $735 per Au eq. oz.) and all-in sustaining cost ($890 - $990 per Au eq. oz.).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>CEO Commentary</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>J. Paul Rollinson, President and CEO, made
the following comments in relation to 2016 second-quarter results: </I></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">&ldquo;Kinross generated robust free cash flow
of more than $200 million<SUP>4</SUP> from its operations and ended the second quarter with approximately $970 million in cash
and cash equivalents. We remain on track to be within our full-year guidance range for both production and cost of sales as strong
production from Russia and North America offset temporary production curtailments at Tasiast and Maricunga.</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">&ldquo;Maricunga resumed operations in early
July, subject to ongoing regulatory proceedings, while at Tasiast, we expect to resume normal operations in August. We have resolved
the expatriate work permit issue with the Government of Mauritania as part of an agreed &lsquo;Mauritanization&rsquo; plan to increase
the number of skilled local workers at Tasiast. The required plan is an important milestone for the country and is a positive example
of the ongoing partnership between the Government and 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">&ldquo;Our continued focus on cost management
and capital discipline, combined with our high leverage to stronger gold prices, help to ensure we maximize cash generation. With
an excellent balance sheet, financial flexibility, a diverse portfolio of producing mines and high-quality development projects,
we remain well positioned to deliver value now and for the future.&rdquo;</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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><SUP>2</SUP><I> These figures are non-GAAP financial measures and
are defined and reconciled on pages 12 to 16 of this news release. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><SUP>3</SUP><I> Net earnings/loss figures in this release represent
&ldquo;net earnings (loss) attributable to common shareholders&rdquo;. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal"><I><SUP>4
</SUP></I></FONT><I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Free cash flow is a non-GAAP measure
defined as net operating cash flow less capital expenditures.</FONT></I></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"></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 1 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; 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"></P>

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

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</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; text-align: justify; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Financial
results </B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Summary of financial
and operating results</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red">&nbsp;</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: 92%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid">Three months ended</TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid">Six months ended</TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">June 30,</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">June 30,</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">(in millions, except ounces, per share amounts, and per ounce amounts)</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Operating Highlights</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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total gold equivalent ounces<SUP>(a)</SUP></FONT></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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 52%; padding-left: 0.125in; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Produced<SUP>(c)</SUP></FONT></TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right">675,623</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">667,529</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right">1,367,533</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">1,303,657</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="padding-left: 0.125in; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sold<SUP>(c)</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">690,983</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">633,148</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">1,355,148</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">1,274,900</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; padding-left: 2pt">&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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable gold equivalent ounces<SUP>(a)</SUP></FONT></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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Produced<SUP>(c)</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">671,267</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">660,898</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">1,358,730</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">1,290,258</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sold<SUP>(c)</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">686,752</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">626,246</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">1,346,149</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">1,260,811</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; padding-left: 2pt">&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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid; padding-left: 2pt">Financial Highlights</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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Metal sales</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">876.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">755.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,659.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,536.6</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Production cost of sales</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">506.7</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">458.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">964.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">913.1</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Depreciation, depletion and amortization</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">210.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">216.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">403.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">422.9</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Impairment charges</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">24.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">-</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">24.5</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Operating earnings (loss)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">69.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(67.8</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">112.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(25.3</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Net earnings (loss) attributable to common shareholders</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(25.0</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(83.2</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">10.0</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(89.9</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Basic earnings (loss) per share attributable to common shareholders</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(0.02</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.07</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.01</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.08</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Diluted earnings (loss) per share attributable to common shareholders</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(0.02</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.07</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.01</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.08</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted net earnings (loss) attributable to common shareholders<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(9.8</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(13.6</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">11.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1.7</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted net earnings (loss) per share<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">(0.01</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.01</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.01</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.00</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Net cash flow provided from operating activities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">315.9</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">167.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">530.4</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">417.3</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted operating cash flow <SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">187.2</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">161.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">394.8</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">376.2</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted operating cash flow per share<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.15</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.14</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">0.33</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.33</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; padding-left: 2pt">Average realized gold price per ounce</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,266</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,194</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,223</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,206</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consolidated production cost of sales per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">733</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">724</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">712</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">716</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> production cost of sales per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">731</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">724</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">709</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">717</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> production cost of sales per ounce sold on a by-product basis<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">711</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</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">$</TD><TD STYLE="font-weight: bold; text-align: right">693</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">704</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> all-in sustaining cost per ounce sold on a by-product basis<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">976</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</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">$</TD><TD STYLE="font-weight: bold; text-align: right">963</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">982</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> all-in sustaining cost per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></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">1,011</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">972</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">987</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> all-in cost per ounce sold on a by-product basis<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,027</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,092</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">$</TD><TD STYLE="font-weight: bold; text-align: right">1,022</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,071</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(a)</SUP> all-in cost per equivalent ounce<SUP>(c)</SUP> sold<SUP>(b)</SUP></FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,037</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,094</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">1,028</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,074</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
</TABLE>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>(a)</SUP> &ldquo;Total&rdquo; includes 100% of Chirano
production. &ldquo;Attributable&rdquo; includes Kinross&rsquo; share of Chirano (90%) production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>(b)</SUP> The definition and reconciliation of these non-GAAP
financial measures is included on<B> </B>page 12 to 16 of this news release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>(c) </SUP> &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. The ratio for the second quarter of 2016 was 75.06:1, compared with 72.75:1 for the second quarter of 2015 and
for the first six months of 2016 was 77.20:1, compared with 72.84:1 for the first six months of 2015.</P>





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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following operating and financial results
are based on second-quarter 2016 gold equivalent production. Production and cost measures are on an attributable basis:</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"><B>Production: </B>Kinross produced 671,267
attributable Au eq. oz. in Q2 2016, a 2% increase compared with Q2 2015, due mainly to higher production at Paracatu and the acquisition
of Bald Mountain and 50% of Round Mountain.</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"><B>Production cost of sales:</B> Production
cost of sales per Au eq. oz.<SUP>2</SUP> was $731 for Q2 2016, compared with $724 for Q2 2015, mainly as a result of higher costs
at Tasiast, Chirano, and Fort Knox.</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">Production cost of sales per Au oz.<SUP> </SUP>on
a by-product basis<SUP>2</SUP> was $711 in Q2 2016, compared with $712 in Q2 2015, based on Q2 2016 attributable gold sales of
665,032 ounces and attributable silver sales of 1,630,139 ounces.</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="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 2 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; 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>


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    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</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"><B>All-in sustaining cost: </B>All-in sustaining
cost per Au eq. oz. sold<SUP>2</SUP> decreased to $988 in Q2 2016, compared with $1,011 in Q2 2015. All-in sustaining cost per
Au oz. sold on a by-product basis<SUP>2</SUP> was $976 in Q2 2016, compared with $1,006 in Q2 2015.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Average realized gold price: </B>The average
realized gold price in Q2 2016 increased to $1,266 per ounce, compared with $1,194 per ounce in Q2 2015.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Revenue: </B>Revenue from metal sales was
$876.4 million in Q2 2016, compared with $755.2 million during the same period in 2015, primarily due to increases in gold equivalent
ounces sold and the average realized gold price.</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"><B>Margins:</B> Kinross&rsquo; attributable
margin per Au eq. oz. sold<SUP>5</SUP> was $535 per Au eq. oz. for Q2 2016, compared with a Q2 2015 margin of $470 per Au eq.
oz.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Operating cash flow:</B> Adjusted operating
cash flow<SUP>2</SUP> was $187.2 million, or $0.15 per share, for Q2 2016, compared with $161.4 million, or $0.14 per share, for
Q2 2015.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Earnings/loss: </B>Adjusted net loss<SUP>2,3</SUP>
was $9.8 million, or $0.01 per share, for Q2 2016, compared with adjusted net loss of $13.6 million, or $0.01 per share, for Q2
2015.</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">Reported net loss<SUP>3</SUP> was $25.0 million,
or $0.02 per share, for Q2 2016, mainly as a result of a $69.4 million tax expense, compared with reported net loss of $83.2 million,
or $0.07 per share, for Q2 2015.</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"><B>Capital expenditures:</B> Capital expenditures
decreased to $114.0 million for Q2 2016, compared with $128.5 million for the same period last year, primarily due to lower spending
at Fort Knox and Paracatu.</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"><FONT STYLE="font-size: 12pt"><B>Operating results
and update</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mine-by-mine summaries for 2016 second-quarter
operating results may be found on pages seven and 11 of this news release. Highlights include the following:</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; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Americas</B></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">The region is tracking at the low end of its
guidance range for production and the high end of its guidance range for cost of sales per ounce for the year. At <B>Fort Knox</B>,
production increased compared with the previous quarter as a result of higher mill throughput and recoveries. Production decreased
compared with Q2 2015 mainly as a result of lower mill grades and recoveries. Cost of sales per ounce increased compared with Q1
2016 and Q2 2015 primarily due to higher costs associated with mined operating waste.</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"><B>Round Mountain</B> continued to perform
well, with production in line with Q1 2016, as an increase in the amount of ore processed and strong performance from the heap
leach offset lower mill grades. Cost of sales per ounce increased compared with the previous quarter due to higher input costs.</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">As announced on June 29, 2016, Kinross added
2.4 million Au oz. to the Company&rsquo;s estimated inferred mineral resource<SUP>6</SUP> at Round Mountain and expects that
the Process Solution Management program will produce approximately 200,000 - 230,000 Au eq. oz. over life of mine at a low cost
of approximately $200 - $400 per Au eq. oz. (which includes production cost of sales and capital expenditures).</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>

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<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"><FONT STYLE="font-weight: normal"><I><SUP>5</SUP></I></FONT><I>
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;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-weight: normal"><I><SUP>6</SUP></I></FONT><I>
See Kinross&rsquo; news release dated June 29, 2016 and the &quot;Phase W scoping study&quot; section contained within regarding
incremental additions to Round Mountain's mineral resource estimates, which were calculated using a $1,400/oz. gold price assumption.</I></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"></P>

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    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
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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">At <B>Bald Mountain</B>, production increased
compared with Q1 2016 as a result of an increase in ore mined and processed, offset by lower grades. Cost of sales per ounce increased
quarter-over-quarter as a result of a higher level of operating stripping.</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 believes it can substantially increase
Bald Mountain&rsquo;s current mineral reserve estimate and extend life of mine by developing additional deposits in the near-term.
The current mine plan conservatively assumes an approximate 30% conversion of Bald Mountain's current estimated mineral resources
to mineral reserves upon receipt of permits, a process which is proceeding as planned and nearly complete, and completion of modest
infill drilling at the Vantage Complex and additional drilling at the Saga deposit.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Kettle-River Buckhorn</B> continued with
its strong performance as it nears the end of its mine life, which is expected at year end. Production was largely in line with
the previous quarter, with cost of sales per ounce decreasing as a result of slightly higher grades and recoveries.</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">At <B>Paracatu</B>, production was higher compared
with Q1 2016 and Q2 2015 mainly due to an increase in ore processed, which included approximately 20,000 Au eq. oz. from the Santo
Antonio tailing reprocessing initiative, offset by lower recoveries. Cost of sales per ounce increased slightly compared with the
previous quarter mainly due to higher input costs, while costs decreased compared with Q2 2015 mainly as a result of favourable
foreign exchange rates and currency hedge losses incurred in 2015.</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">Due to the lack of rainfall at Paracatu during
the 2015-2016 rainy season, the Company now expects to temporarily suspend operation of the mine&rsquo;s Plant 1 facility in the
second half of the third quarter. Plant 1 will remain suspended until the water balance rises sufficiently to allow for production
to restart. To help mitigate the effect of the lack of rainfall in the area, the Company has increased the water capture area and
water conservation activities at the site and commenced operation of an enhanced water pumping system. The Company&rsquo;s 2016
full-year regional and company-wide production guidance includes an allocation to production and costs for a potential curtailment
at Paracatu.</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">At <B>Maricunga</B>, production was lower compared
with Q1 2016 and Q2 2015 as a result of the regulatory suspension of mining and crushing activities which began on May 2, 2016.
Operations resumed on July 9, 2016, the continuation of which remains subject to the ongoing regulatory proceedings. Cost of sales
per ounce increased quarter-over-quarter due to the suspension, but was lower year-over-year as the mine incurred higher costs
due to the extreme weather event in Q2 2015.</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 regulatory suspension was a result of water
curtailment orders imposed by Chile&rsquo;s environmental regulatory authority (SMA). As previously announced on March 21, 2016,
the Company received notification from the SMA of a resolution commencing a legal process to seek closure of Maricunga&rsquo;s
water pumping wells. On June 24, 2016, the SMA issued a revised resolution amending the initial sanction which, if affirmed by
Chile&rsquo;s Environmental Tribunal, would require the Company to effectively cease operations and close the mine. The Company
vigorously disputes the resolution and the curtailment orders and has appeals pending with Chile&rsquo;s Environmental Tribunal<SUP>7</SUP>.</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 been assessing Maricunga&rsquo;s
mine plan in the context of other capital priorities in its global portfolio and now expects to suspend mining in Q4 2016 and commence
rinsing the residual gold from the heap leach pads, subject to the ongoing regulatory proceedings.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Russia</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Kupol</B> and <B>Dvoinoye </B>performed
well in the second quarter, and achieved higher than expected production and lower cost of sales per ounce in the first half of
2016. As a result, the region expects to be at the higher end of production and at the lower end of cost of sales guidance for
the year. Production was lower compared with Q1 2016 and Q2 2015 mainly as a result of anticipated lower grades at both mines,
which was offset by an increase in ore processed. Cost of sales per ounce continued to decline mainly due to the sustained benefits
from foreign exchange rates and rigorous cost management. Approximately 84,000 Au eq. oz. were produced from processing Dvoinoye
ore in Q2 2016.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-weight: normal"><I><SUP>7</SUP></I></FONT><I>
For more information on these regulatory proceedings see the Company&rsquo;s second-quarter unaudited Management&rsquo;s Discussion
and Analysis report at www.kinross.com.</I></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>

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    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
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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">At the Russian development projects, haulage
roads to both Moroshka, located near Kupol, and September Northeast, located near Dvoinoye, have been constructed. Portal construction
is expected to begin in Q4 2016 at Moroskha, with mining scheduled to commence in 2018. Camp facilities have been constructed and
site preparation is on schedule to be completed in Q4 2016 at September Northeast, with mining expected to commence in early 2017.</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; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>West
Africa</B></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">The region expects to be at the lower end of
its 2016 guidance range for production and at the higher end of its range for cost of sales per ounce. At <B>Tasiast</B>, production
was lower quarter-over-quarter and year-over-year mainly as a result of the 18-day strike which ended on June 11, 2016 and the
temporary suspension of mining and processing which began on June 18, 2016. Production cost of sales per ounce increased due to
the decrease in gold equivalent ounces sold. Tonnes of ore mined increased compared with Q1 2016 and Q2 2015 due to additional
heap leach material encountered in the West Branch footwall and planned mine sequencing to support the higher mill throughput rate,
which continued to average more than 8,000 tonnes per day (tpd) in the quarter.</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 and the Government of Mauritania
have resolved the expatriate work permit issue as part of reaching a mutually acceptable &ldquo;Mauritanization&rdquo; plan to
increase the number of local workers who have the necessary skills and experience to work at Tasiast, a requirement under Mauritanian
law. Kinross has remobilized its workforce and expects to resume normal mining and processing activities in August 2016. As a result
of the suspension, the Phase One expansion&rsquo;s expected timing for commercial production may extend to Q2 2018.</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">Labour negotiations respecting the Company&rsquo;s
collective labour agreement at Tasiast are expected to recommence in the near term following resumption of normal mining and processing
activities.</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">At <B>Chirano</B>, production was lower compared
with Q1 2016 and Q2 2015 as the site continued to transition to the Paboase underground deposit, which resulted in lower grades.
Production cost of sales per ounce was higher compared with both Q1 2016 and Q2 2015 as a result of fewer ounces sold, higher power
costs and increased maintenance costs. The Company expects to mine higher grades and larger volumes from Paboase in the second
half of the year resulting in improved mine performance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Balance
sheet and liquidity</B></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">As of June 30, 2016, Kinross had cash and cash
equivalents of $968.2 million, a decrease of $75.7 million since December 31, 2015, mainly as a result of the $588.0 million used
in the acquisition of the Bald Mountain mine and the remaining 50% interest in the Round Mountain mine, offset by net proceeds
of $275.7 million from the equity issuance in Q1 2016 and $276.9 million of free cash flow generated from its operations in the
first half of 2016. The Company also has available credit of $1,499.6 million as of June 30, 2016 for total liquidity of approximately
$2.5 billion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company expects that its existing liquidity
sources will be sufficient to fund the Tasiast Phase One expansion and the repayment of $250 million in senior notes due in September.
After September, Kinross will have no other debt maturities until 2020, as the Company has extended the maturity dates of its $500
million term loan and $1,500 million revolving credit facility by one year to August 10, 2020 and August 10, 2021, respectively.</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; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Outlook</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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 17 of this news release. </I></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 expects to be within its 2016 production
guidance range of approximately 2.7 - 2.9 million Au eq. oz., its production cost of sales guidance range of $675 - $735 per Au
eq. oz., and its all-in sustaining cost guidance range of $890 - $990 per Au eq. oz. sold.</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>

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    <TD STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 5 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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<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: justify">&nbsp;</P>

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

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    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</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">Kinross is tracking below its capital expenditure
forecast of $755 million and is reviewing timing of its capital spend for the second half of 2016. The Company expects to provide
an update in the third quarter.</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">Other operating costs are now forecast to be
approximately $95 million, compared with the previously-stated forecast of $45 million, mainly due to the temporary suspension
of mining at Tasiast and Maricunga during the quarter.</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">Depreciation, depletion and amortization is
now forecast to be approximately $350 per Au eq. oz., compared with the previous forecast of $375 per Au eq. oz.</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; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Conference call
details</B></FONT><B> </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">In connection with the release, Kinross will
hold a conference call and audio webcast on Thursday, July 28, 2016 at 8 a.m. ET to discuss the results, followed by a question-and-answer
session. To access the call, please dial:</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"><B>Canada &amp; US toll-free </B>&ndash; 1-800-319-4610</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Outside of Canada &amp; US </B>&ndash; 1-604-638-5340</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">Replay (available up to 14 days after the call):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Canada &amp; US toll-free </B>&ndash; 1-800-319-6413; Passcode
&ndash; 00585 followed by #.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Outside of Canada &amp; US </B>&ndash; 1-604-638-9010; Passcode
&ndash; 00585 followed by #.</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">You may also access the conference call on a listen-only basis
via webcast at our <FONT STYLE="color: Blue"><U>www.kinross.com</U></FONT><FONT STYLE="color: blue">,</FONT> where it will be
archived.</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">This news release should be read in conjunction
with Kinross&rsquo; 2016 second-quarter unaudited Financial Statements and Management&rsquo;s Discussion and Analysis report at
<FONT STYLE="color: Blue"><U>www.kinross.com</U></FONT>. Kinross&rsquo; 2016 second-quarter unaudited Financial Statements and
Management&rsquo;s Discussion and Analysis have been filed with Canadian securities regulators (available at <FONT STYLE="color: Blue"><U>www.sedar.com</U></FONT>)
and furnished to the U.S. Securities and Exchange Commission (available at <FONT STYLE="color: Blue"><U>www.sec.gov</U></FONT>).
Kinross shareholders may obtain a copy of the financial statements free of charge upon request to the Company.</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"><FONT STYLE="font-size: 12pt"><B>About Kinross
Gold Corporation</B></FONT><B> </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Kinross is a Canadian-based senior gold mining
company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value
based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross
maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Director, Corporate Communications</I></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Senior Vice-President, Investor Relations and Corporate Development
&#9;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">phone: 416-365-3390</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: Blue"><U>tom.elliott@kinross.com</U></FONT></P>

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

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

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    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><B>&nbsp;</B></P>


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

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    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Review
of operations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></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 NOWRAP STYLE="font-weight: bold; border-left: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px; border-left: Black 2px solid">Three months ended June 30,</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Gold equivalent ounces</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Produced</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Sold</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Production
    cost of</B></FONT><br> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>sales<SUP> </SUP></B><FONT STYLE="font-weight: normal"><I>($millions)</I></FONT></FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Production cost of<BR> sales/equivalent ounce sold</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="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>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 28%; text-align: left; border-left: Black 2px solid">Fort Knox</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; font-weight: bold; text-align: right">97,221</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">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">116,061</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">&nbsp;</TD><TD STYLE="width: 5%; font-weight: bold; text-align: right">97,625</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">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">113,697</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: 5%; font-weight: bold; text-align: right">77.4</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">$</TD><TD STYLE="width: 5%; text-align: right">68.9</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 5%; font-weight: bold; text-align: right">793</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: 5%; text-align: right">606</TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid">Round Mountain</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">92,813</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">48,448</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">91,646</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">47,893</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">71.3</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">36.4</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">778</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">760</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid">Bald Mountain</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">32,704</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">35,508</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">43.2</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><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">1,217</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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid">Kettle River - Buckhorn</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">25,031</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">29,580</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">24,808</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">29,524</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">23.4</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">734</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">793</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">Paracatu</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">126,774</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">110,366</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">126,365</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">107,169</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">87.5</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">90.5</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">692</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">844</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">Maricunga</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">44,304</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">47,713</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">45,362</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">50,957</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">42.6</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">55.0</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">939</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,079</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">Americas Total</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">418,847</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">352,168</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">421,314</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">349,240</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">340.2</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">274.2</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">807</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">785</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 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><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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">Kupol</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">183,638</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">191,160</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">198,890</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">159,950</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">82.9</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">78.3</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">417</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">490</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">Russia Total</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">183,638</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">191,160</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">198,890</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">159,950</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">82.9</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">417</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">490</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 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><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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">Tasiast</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">29,577</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">57,890</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">28,467</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">54,941</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">35.3</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">58.4</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">1,240</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">1,063</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">Chirano (100%)</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">43,561</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">66,311</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">42,312</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">69,017</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">48.3</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">47.6</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">1,142</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">690</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">West Africa Total</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">73,138</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">124,201</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">70,779</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">123,958</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">83.6</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">106.0</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">1,181</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">855</TD><TD STYLE="border-bottom: Black 2px solid; 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 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><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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">Operations Total</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">675,623</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">667,529</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">690,983</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">633,148</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">506.7</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">458.5</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">733</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">724</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Less Chirano non-controlling interest (10%)</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">(4,356</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">(6,631</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4,231</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">(6,902</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(4.8</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">(4.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid">Attributable Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">671,267</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">660,898</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">686,752</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">626,246</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">501.9</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">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">453.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">731</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">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">724</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; 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>&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>&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>&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>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-left: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; font-weight: bold; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-top: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-right: Black 2px solid; border-top: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-left: Black 2px solid">Six months ended June 30,</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Gold equivalent ounces</TD><TD NOWRAP STYLE="font-weight: bold">&nbsp;</TD><TD NOWRAP>&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP>&nbsp;</TD><TD NOWRAP>&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP>&nbsp;</TD><TD NOWRAP>&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP>&nbsp;</TD><TD NOWRAP>&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Produced</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Sold</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Production
    cost of</B></FONT><br> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>sales<SUP> </SUP></B><FONT STYLE="font-weight: normal"><I>($millions)</I></FONT></FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Production cost of<BR> sales/equivalent ounce sold</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="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>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 28%; text-align: left; border-left: Black 2px solid">Fort Knox</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; font-weight: bold; text-align: right">185,021</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">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">198,734</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">&nbsp;</TD><TD STYLE="width: 5%; font-weight: bold; text-align: right">185,514</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">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">195,700</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: 5%; font-weight: bold; text-align: right">139.6</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">$</TD><TD STYLE="width: 5%; text-align: right">124.0</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 5%; font-weight: bold; text-align: right">753</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: 5%; text-align: right">634</TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid">Round Mountain</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">185,739</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">88,710</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">182,120</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">88,340</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">131.7</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">72.4</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">723</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">820</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid">Bald Mountain</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">53,126</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">46,705</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">56.3</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">1,205</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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-left: Black 2px solid">Kettle River - Buckhorn</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">53,343</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">53,845</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">53,072</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">53,691</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">40.4</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">47.7</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">761</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">888</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">Paracatu</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">246,150</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">235,051</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">243,455</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">232,098</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">167.4</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">184.4</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">688</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">794</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">Maricunga</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">103,380</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">104,535</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">102,852</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">105,333</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">89.9</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">111.0</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">874</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">1,054</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">Americas Total</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">826,759</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">680,875</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">813,718</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">675,162</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">625.3</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">539.5</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">768</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">799</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 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><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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">Kupol</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">376,088</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">376,889</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">374,581</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">352,117</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">161.1</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">169.8</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">430</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">482</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">Russia Total</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">376,088</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">376,889</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">374,581</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">352,117</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">161.1</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">169.8</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">430</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">482</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 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><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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-left: Black 2px solid">Tasiast</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">76,655</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">111,899</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">76,858</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">106,731</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">82.5</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">110.3</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">1,073</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">1,033</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">Chirano (100%)</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">88,031</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">133,994</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">89,991</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">140,890</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">95.5</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">93.5</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">1,061</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">664</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">West Africa Total</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">164,686</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">245,893</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">166,849</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">247,621</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">178.0</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">203.8</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">1,067</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">823</TD><TD STYLE="border-bottom: Black 2px solid; 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 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><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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; border-left: Black 2px solid">Operations Total</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">1,367,533</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">1,303,657</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">1,355,148</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">1,274,900</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">964.4</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">913.1</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">712</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">716</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Less Chirano non-controlling <BR> interest (10%)</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">(8,803</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">(13,399</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(8,999</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">(14,089</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(9.6</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">(9.4</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; 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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid">Attributable Total</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">1,358,730</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">1,290,258</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">1,346,149</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">1,260,811</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">954.8</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">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">903.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">709</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">717</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">&nbsp;</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">&nbsp;</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">&nbsp;</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&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">&nbsp;</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
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    <TD STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 7 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C59B5F"><B>&nbsp;</B></P>


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    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Consolidated balance
sheets</B></FONT></P>

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    <TD COLSPAN="5" STYLE="color: black; font-style: italic; border-bottom: Black 2px solid">(unaudited expressed in millions of United States dollars, except share amounts)</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="text-align: center; border-bottom: Black 2px solid">As at</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">June 30</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">December 31,</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="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 COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; border-left: Black 2px solid">Assets</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Current assets</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 73%; text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Cash and cash equivalents</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right; background-color: Silver">968.2</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">1,043.9</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Restricted cash</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">11.4</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Accounts receivable and other assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">126.4</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">108.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Current income tax recoverable</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">80.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">123.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-left: 0.25in; border-left: Black 2px solid">Inventories</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,056.5</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,005.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.25in; border-left: Black 2px solid">Unrealized fair value of derivative assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">21.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">&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; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">2,264.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,292.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9pt; border-left: Black 2px solid">Non-current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&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="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Property, plant and equipment</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">5,059.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,593.7</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-left: 0.25in; border-left: Black 2px solid">Goodwill</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">162.7</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">162.7</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Long-term investments</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">145.6</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">83.1</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Investments in associate and joint ventures</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">163.3</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">157.1</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Unrealized fair value of derivative assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">5.3</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&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="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Other long-term assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">413.2</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">370.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.25in; border-left: Black 2px solid">Deferred tax assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">92.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">76.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Total assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">8,306.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">7,735.4</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="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 STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&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="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">Liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&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="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9pt; border-left: Black 2px solid">Current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&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="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Accounts payable and accrued liabilities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">432.4</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">379.6</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Current income tax payable</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">40.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.4</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Current portion of long-term debt</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">249.9</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">249.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Current portion of provisions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">53.3</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.25in; border-left: Black 2px solid">Current portion of unrealized fair value of derivative liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">1.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">16.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid">&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; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">777.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">701.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9pt; border-left: Black 2px solid">Non-current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&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="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Long-term debt</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,733.1</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,731.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-left: 0.25in; border-left: Black 2px solid">Provisions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">857.3</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">720.8</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Other long-term liabilities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">195.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">148.7</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.25in; border-left: Black 2px solid">Deferred tax liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">432.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">499.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Total liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">3,995.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">3,802.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="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 STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&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="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">Equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&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="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9pt; border-left: Black 2px solid">Common shareholders' equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: left; background-color: Silver">&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="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-left: 0.25in; border-left: Black 2px solid">Common share capital</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">14,890.6</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">14,603.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Contributed surplus</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">233.8</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">239.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.25in; border-left: Black 2px solid">Accumulated deficit</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(10,912.1</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,922.1</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 0.25in; border-left: Black 2px solid">Accumulated other comprehensive income (loss)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">58.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(31.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Total common shareholders' equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">4,270.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">3,889.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">Non-controlling interest</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">40.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">43.9</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Total equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">4,311.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">3,933.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Total liabilities and equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">8,306.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">7,735.4</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="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>&nbsp;</TD><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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; border-left: Black 2px solid">Common shares</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD><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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; padding-left: 9pt; border-left: Black 2px solid">Authorized</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Unlimited</b></font></TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unlimited</font></TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Issued and outstanding</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,244,357,781</TD><TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,146,540,188</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid; border-left: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F">&nbsp;</P>

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    <TD STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 8 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C59B5F"><FONT STYLE="font-size: 12pt"><B>Consolidated statements
of operations</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" NOWRAP STYLE="color: black; font-style: italic; border-bottom: Black 2px solid">(unaudited expressed in millions of United States dollars, except per share and share amounts)</TD>
    <TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Three months ended</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Six months ended</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; text-align: center">June 30,</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="color: black">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; text-align: center">June 30,</TD><TD NOWRAP STYLE="color: black">&nbsp;</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; text-align: center">June 30,</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="color: black">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; text-align: center">June 30,</TD><TD NOWRAP STYLE="color: black">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD NOWRAP STYLE="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 COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; border-left: Black 2px solid">Revenue</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&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>&nbsp;</TD><TD>&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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 39%; color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Metal sales</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right; background-color: Silver">876.4</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">755.2</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; background-color: Silver">$</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right; background-color: Silver">1,659.0</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">1,536.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; 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 STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; border-left: Black 2px solid">Cost of sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Production cost of sales</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">506.7</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">458.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">964.4</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">913.1</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Depreciation, depletion and amortization</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">210.2</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">216.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">403.4</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">422.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">Impairment charges</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">-</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">24.5</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; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">-</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">24.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; padding-bottom: 2px; border-left: Black 2px solid">Total cost of sales</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">716.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">699.7</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; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">1,367.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,360.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; padding-bottom: 2px; border-left: Black 2px solid">Gross profit</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">159.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">55.5</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; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">291.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">176.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Other operating expense</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">36.1</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">49.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">70.0</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">65.3</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Exploration and business development</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">21.8</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">29.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">38.5</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">52.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">General and administrative</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">32.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">44.6</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; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">70.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">83.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; padding-bottom: 2px; border-left: Black 2px solid">Operating earnings (loss)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">69.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(67.8</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; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">112.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(25.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Other income (expense) - net</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">3.7</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">(6.3</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">13.2</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">(8.2</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Equity in earnings (losses) of associate and joint ventures</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(0.1</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">5.9</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">0.1</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">4.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Finance income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1.9</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">2.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">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">4.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">Finance expense</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(32.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(23.7</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; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(65.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(47.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; border-left: Black 2px solid">Earnings (loss) before tax</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">42.4</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">(89.9</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">63.3</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">(72.1</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">Income tax recovery (expense) - net</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(69.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">5.4</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; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(56.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(19.9</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; padding-bottom: 2px; border-left: Black 2px solid">Net earnings (loss)</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(27.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(84.5</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; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">6.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(92.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; border-left: Black 2px solid">Net earnings (loss) attributable to:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">Non-controlling interest</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(2.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(1.3</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; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(3.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(2.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">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; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">(25.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(83.2</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; background-color: Silver">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">10.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(89.9</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; border-left: Black 2px solid">Earnings (loss) per share attributable to common shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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 STYLE="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 STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Basic</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(0.02</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.07</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">0.01</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.08</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Diluted</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">(0.02</TD><TD STYLE="font-weight: bold; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.07</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">$</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">0.01</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.08</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="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 STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: justify; border-left: Black 2px solid">Weighted average number of common shares outstanding (millions)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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; background-color: Silver">&nbsp;</TD><TD STYLE="text-align: right; background-color: Silver">&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 STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-left: 9pt; border-left: Black 2px solid">Basic</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,244.2</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">1,146.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: Silver">1,208.9</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">1,145.7</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: justify; padding-bottom: 2px; padding-left: 9pt; border-bottom: Black 2px solid; border-left: Black 2px solid">Diluted</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">1,244.2</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">1,146.2</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left; background-color: Silver">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right; background-color: Silver">1,219.4</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">1,145.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
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    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</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"><FONT STYLE="font-size: 12pt"><B>Consolidated statements
of cash flows</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="14" STYLE="color: black; font-style: italic; padding-bottom: 2px; border-bottom: Black 2px solid">(unaudited expressed in millions of United States dollars)</TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Three months ended</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">Six months ended</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; text-align: center">June 30,</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="color: black">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; text-align: center">June 30,</TD><TD NOWRAP STYLE="color: black">&nbsp;</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; text-align: center">June 30,</TD><TD NOWRAP STYLE="color: black; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="color: black">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; text-align: center">June 30,</TD><TD NOWRAP STYLE="color: black">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD NOWRAP STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; border-left: Black 2px solid">Net inflow (outflow) of cash related to the following activities:</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>
    <TD STYLE="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 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>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; border-left: Black 2px solid">Operating:</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>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 39%; color: black; text-align: left; border-left: Black 2px solid">Net earnings (loss)</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right">(27.0</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">(84.5</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right">6.6</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">(92.0</TD><TD STYLE="width: 1%; text-align: left">)</TD>
    <TD STYLE="width: 1%; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; border-left: Black 2px solid">Adjustments to reconcile net earnings (loss) to net cash provided from operating activities:</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>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Depreciation, depletion and amortization</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">210.2</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">216.7</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">403.4</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">422.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; padding-left: 9pt; border-left: Black 2px solid">Impairment of inventory</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">24.5</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">-</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">24.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Equity in losses (earnings) of associate and joint ventures</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">0.1</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">(5.9</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">(0.1</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">(4.9</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Non-hedge derivative losses (gains) - net</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">5.9</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">(1.8</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">0.4</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">(0.8</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Share-based compensation 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">3.3</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">4.3</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">7.1</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">8.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Finance 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">32.3</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">23.7</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">65.5</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">47.7</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9pt; border-left: Black 2px solid">Deferred tax expense (recovery)</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">(45.0</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">12.7</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">(104.0</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">(17.1</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9pt; border-left: Black 2px solid">Foreign exchange losses (gains) and other</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">7.4</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">(28.3</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">15.9</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">(13.0</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Changes in operating assets and liabilities:</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>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 0.25in; border-left: Black 2px solid">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">4.9</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">(29.8</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">3.6</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">11.0</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; padding-left: 0.25in; border-left: Black 2px solid">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">49.6</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">36.5</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">83.9</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">87.2</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-bottom: 2px; padding-left: 0.25in; border-left: Black 2px solid">Accounts payable and accrued liabilities</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">101.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">28.0</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">115.0</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">0.4</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Cash flow provided from operating activities</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">342.7</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">196.1</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">597.3</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">474.8</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">Income taxes paid</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">(26.8</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(28.9</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(66.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(57.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Net cash flow provided from operating activities</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">315.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">167.2</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">530.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">417.3</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="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 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>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; border-left: Black 2px solid">Investing:</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>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Additions to property, plant and equipment</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">(114.0</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">(128.5</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">(253.5</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">(278.0</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Business acquisition</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">22.0</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">-</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">(588.0</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">-</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Net additions to long-term investments 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">(9.0</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">(20.0</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">(20.1</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">(41.7</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Net proceeds from the sale of property, plant and equipment</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">1.6</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">6.9</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">2.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Decrease (increase) in restricted cash</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">(0.5</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">2.6</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">(0.9</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">2.8</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">Interest received and other</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">0.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1.0</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">1.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Net cash flow used in investing activities</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">(98.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(143.3</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(854.1</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(311.9</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; border-left: Black 2px solid">Financing:</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>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; padding-left: 9pt; border-left: Black 2px solid">Issuance of common shares on exercise of options</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">1.0</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">-</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">1.0</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">-</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Proceeds from issuance of equity</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">275.7</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">-</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Proceeds from issuance of debt</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">3.0</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">-</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">22.5</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; padding-left: 9pt; border-left: Black 2px solid">Repayment of debt</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">(3.0</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">(52.5</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left; padding-left: 9pt; border-left: Black 2px solid">Interest paid</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">(3.6</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">(2.5</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">(33.2</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">(23.5</TD><TD STYLE="text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; padding-bottom: 2px; padding-left: 9pt; border-left: Black 2px solid">Other</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">-</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(1.0</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">-</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(1.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Net cash flow provided from (used in) financing activities</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">(2.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(3.5</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">243.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(54.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Effect of exchange rate changes on cash and cash equivalents</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">2.6</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">0.5</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">4.5</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(3.0</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; border-left: Black 2px solid">Increase (decrease) in cash and cash equivalents</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">217.8</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">20.9</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">(75.7</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">47.9</TD><TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Cash and cash equivalents, beginning of period</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">750.4</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,010.5</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">1,043.9</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">983.5</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-weight: bold; text-align: left; padding-bottom: 2px; border-left: Black 2px solid">Cash and cash equivalents, end of period</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">968.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,031.4</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">$</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">968.2</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,031.4</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; 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: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; 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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; 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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; 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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>

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

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

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    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; 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; color: #C59B5F"><B>&nbsp;</B></P>


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    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD NOWRAP COLSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: white"><B>Operating
    Summary</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-left: 4pt; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="border: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Mine</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Period</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Ownership</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Tonnes</B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Ore Mined<SUP> (1)</SUP></B></FONT></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Ore
    </B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Processed</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Milled) <SUP>(1)</SUP></B></FONT></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Ore
    </B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Processed</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Heap</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Leach) <SUP>(1)</SUP></B></FONT></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Grade</B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Mill)</B></FONT></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Grade</B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(Heap</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Leach)</B></FONT></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Recovery
    <SUP>(2)</SUP></B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Gold
    Eq</B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Production<SUP> (5)</SUP></B></FONT></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Gold
    Eq</B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sales <SUP>(5)</SUP></B></FONT></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Production</B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>cost of</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>sales</B></FONT></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Production</B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>cost of</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>sales/oz</B></FONT></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Cap
    Ex <SUP>(7)</SUP></B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>DD&amp;A</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">(%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">('000
    tonnes)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">('000
    tonnes)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">('000
    tonnes)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">(g/t)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">(g/t)</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">(%)</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">(ounces)</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">(ounces)</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">($
    millions)</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">($/ounce)</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">($
    millions)</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">($
    millions)</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="27" STYLE="width: 4%; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Americas</B></FONT></TD>
    <TD ROWSPAN="5" STYLE="width: 16%; border-bottom: black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Fort
    Knox</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="width: 6%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>100</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>6,141</B></FONT></TD>
    <TD STYLE="width: 6%; border-left: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>3,467</B></FONT></TD>
    <TD STYLE="width: 6%; border-left: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>4,914</B></FONT></TD>
    <TD STYLE="width: 6%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>0.64</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>0.28</B></FONT></TD>
    <TD NOWRAP STYLE="width: 6%; border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>83%</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>97,221</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>97,625</B></FONT></TD>
    <TD STYLE="width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 3%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>77.4</B></FONT></TD>
    <TD STYLE="width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 3%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>793</B></FONT></TD>
    <TD STYLE="width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 3%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>15.2</B></FONT></TD>
    <TD STYLE="width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="width: 3%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>22.3</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6,786</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,246</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">7,495</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.66</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.26</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">81%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">87,800</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">87,889</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">62.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">708</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">18.0</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">23.5</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q4
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4,454</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,407</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6,712</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.66</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.26</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">82%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">87,561</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">87,426</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">62.6</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">716</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">35.3</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">31.7</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q3
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">5,950</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,328</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6,697</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.86</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.27</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">83%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">115,258</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">118,978</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">66.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">556</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">37.4</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">36.8</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q2
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6,543</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,345</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">8,255</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.87</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.28</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">84%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">116,061</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">113,697</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">68.9</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">606</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">26.7</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">37.2</FONT></TD></TR>
<TR>
    <TD ROWSPAN="5" STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Round
    Mountain</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>6,632</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>942</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>6,234</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>0.80</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>0.40</B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>80%</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>92,813</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>91,646</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>71.3</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>778</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>12.3</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>20.8</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016 <SUP>(8)</SUP></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100<SUP>(8)</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4,018</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">869</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,617</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1.17</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.44</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">83%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">92,926</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90,474</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">60.4</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">668</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">16.3</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">16.1</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q4
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">50</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6,392</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">898</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,724</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.86</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.42</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">77%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">51,034</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">52,882</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">37.0</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">700</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">14.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">11.0</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q3
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">50</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6,962</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">924</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4,546</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.91</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.47</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">81%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">58,074</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">54,559</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">37.5</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">687</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">12.3</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">12.9</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q2
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">50</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">5,286</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">748</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4,372</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1.08</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.40</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">75%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">48,448</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">47,893</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">36.4</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">760</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">10.8</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">12.0</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Bald
    Mountain <SUP>(8), (9)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>2,182</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>2,182</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>0.48</B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>nm</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>32,704</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>35,508</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>43.2</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1,217</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>4.5</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>8.6</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016 <SUP>(8)</SUP></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,766</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,766</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.62</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">20,422</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">11,197</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">13.1</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,170</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1.7</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.0</FONT></TD></TR>
<TR>
    <TD ROWSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Kettle
    River- Buckhorn</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>101</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>101</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>7.40</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>93%</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>25,031</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>24,808</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>18.2</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>734</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>0.8</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">86</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">107</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">7.23</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">28,312</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">28,264</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">22.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">785</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1.4</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q4
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">84</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">9.67</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">19,301</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">19,601</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">14.6</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">745</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.0</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q3
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">97</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">106</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6.93</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">24,222</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">24,284</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">19.3</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">795</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.6</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q2
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">95</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">130</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">8.58</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">93%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">29,580</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">29,524</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">23.4</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">793</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3.3</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Paracatu</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>12,109</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>12,331</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>0.44</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>70%</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>126,774</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>126,365</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>87.5</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>692</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>15.9</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>35.4</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">11,825</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">11,439</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.44</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">73%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">119,376</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">117,090</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">79.9</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">682</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">10.7</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">35.4</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q4
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">10,730</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">9,738</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.51</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">76%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">113,547</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">117,796</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">89.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">757</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">30.1</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">34.9</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q3
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">13,969</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">12,322</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.43</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">76%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">129,064</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">134,838</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100.7</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">747</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">36.9</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">38.4</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q2
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">11,435</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">11,392</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.41</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">72%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">110,366</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">107,169</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90.5</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">844</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">29.4</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">36.4</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Maricunga
    <SUP>(9)</SUP></B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1,346</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1,475</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>0.61</B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>nm</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>44,304</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>45,362</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>42.6</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>939</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1.3</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>11.6</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,947</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4,254</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.69</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">59,076</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">57,490</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">47.3</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">823</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.8</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">10.8</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q4
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,870</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4,099</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.78</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">54,948</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">56,440</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">52.6</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">932</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4.7</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">8.2</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q3
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,476</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">3,822</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.74</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">52,672</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">52,282</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">52.5</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,004</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">5.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">7.3</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q2
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2,220</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,957</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.81</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">nm</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">47,713</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">50,957</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">55.0</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,079</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">7.1</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6.4</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Russia</B></FONT></TD>
    <TD ROWSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Kupol
    <SUP>(3)(4)(6)</SUP></B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>513</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>428</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>12.75</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>95%</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>183,638</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>198,890</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>82.9</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>417</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>15.1</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>59.9</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">494</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">416</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">13.92</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">95%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">192,450</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">175,691</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">78.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">445</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">27.8</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">52.9</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q4
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">449</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">429</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">13.81</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">96%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">191,308</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">195,465</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">91.3</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">467</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">9.0</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">73.8</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q3
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">468</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">410</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">13.65</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">96%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">190,366</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">217,031</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">101.7</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">469</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">21.4</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">77.3</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q2
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">516</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">423</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">13.43</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">95%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">191,160</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">159,950</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">78.3</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">490</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">10.0</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">56.3</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="15" STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>West
    Africa</B></FONT></TD>
    <TD NOWRAP ROWSPAN="5" STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Tasiast</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>100</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1,937</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>489</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1,542</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1.39</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>0.45</B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>92%</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>29,577</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>28,467</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>35.3</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1,240</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>36.0</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>22.3</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,891</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">777</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,187</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1.51</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.41</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">47,078</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">48,391</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">47.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">975</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">49.9</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">22.7</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q4
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,318</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">689</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">587</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.27</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.55</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">89%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">53,706</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">52,146</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">49.9</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">957</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">49.6</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">26.5</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q3
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,259</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">618</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">364</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.21</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.48</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">53,440</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">57,163</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">60.4</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,057</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">44.1</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">19.5</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q2
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,609</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">605</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">521</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.21</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">0.56</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">57,890</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">54,941</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">58.4</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,063</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">31.1</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">18.7</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Chirano
    - 100%</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>90</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>547</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>882</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1.72</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD NOWRAP STYLE="border: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>91%</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>43,561</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>42,312</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>48.3</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1,142</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>11.1</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>25.8</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">453</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">847</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1.77</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">44,470</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">47,679</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">47.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">990</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">11.7</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">25.7</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q4
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">559</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">853</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.32</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">58,123</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">56,284</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">42.2</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">750</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">11.6</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">44.1</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q3
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">873</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">917</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.36</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">63,981</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">62,792</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">44.0</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">701</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6.7</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">42.7</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q2
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">875</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">823</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.73</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">66,311</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">69,017</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">47.6</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">690</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4.9</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">44.6</FONT></TD></TR>
<TR>
    <TD NOWRAP ROWSPAN="5" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Chirano
    - 90%</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Q2
    2016</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>90</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>547</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>882</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1.72</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>91%</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>39,205</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>38,081</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>43.5</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>1,142</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>10.0</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>23.2</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q1
    2016</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">453</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">847</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">1.77</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">40,023</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">42,911</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">42.5</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">990</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">10.5</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">23.1</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q4
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">559</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">853</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.32</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">52,311</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">50,655</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">38.0</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">750</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">10.4</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">39.7</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q3
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">873</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">917</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.36</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">91%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">57,583</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">56,513</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">39.6</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">701</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">6.0</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">38.4</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Q2
    2015</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">875</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">823</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">2.73</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">92%</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">59,680</FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">62,115</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">42.8</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">689</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">4.4</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">40.1</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Tonnes of ore mined and processed represent 100% Kinross for all periods presented.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Due to the nature of heap leach operations, recovery rates at Maricunga and Bald Mountain cannot be accurately measured on
a quarterly basis. Recovery rates at Fort Knox, Round Mountain and Tasiast represent mill recovery only.</TD></TR></TABLE>

<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">(3)</TD><TD>The Kupol segment includes the Kupol and Dvoinoye mines.</TD></TR></TABLE>

<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">(4)</TD><TD>Kupol silver grade and recovery were as follows: Q2 (2016) 105.89 g/t, 86.5%; Q1 (2016) 104.19 g/t, 88%; Q4 (2015) 100.58 g/t,
87%; Q3 (2015) 100.55 g/t, 88%; Q2 (2015) 106.19 g/t, 87%.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD>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: Q2 2016: 75.06:1
, Q1 2016: 79.64:1; Q4 2015: 74.78:1; Q3 2015: 75.40:1, Q2 2015: 72.75:1.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(6)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Dvoinoye ore processed and grade were as follows: Q2 (2016) 118,057
tonnes, 22.42 g/t; Q1 (2016) 129,675 tonnes, 22.69 g/t; Q4 (2015) 122,987 tonnes, 22.91 g/t; Q3 (2015) </FONT>111,806 tonnes, 24.52
g/t<FONT STYLE="font-family: Times New Roman, Times, Serif">; Q2 (2015) 104,465 tonnes, 26.43 g/t.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD>Capital expenditures are presented on a cash basis, consistent with the statement of cash flows.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(8)</TD><TD>On January 11, 2016, Kinross completed the acquisition of 100% of the Bald Mountain gold mine and the remaining 50% interest
in the Round Mountain gold mine. The interim financial statements for the three months ended March 31, 2016 have been recasted
to reflect the retrospective impact of the finalization of the purchase price allocation.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(9)</TD><TD>&quot;nm&quot; means not meaningful.</TD></TR></TABLE>



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    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
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<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(197,155,95)"><B>Reconciliation of non-GAAP financial measures</B></P>

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px; border-top: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt; padding-top: 12pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-top: Black 2px solid; padding-top: 12pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid; border-top: Black 2px solid; padding-top: 12pt">Adjusted Earnings</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; padding-top: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; border-left: Black 2px solid; padding-left: 0.125in">(in millions, except share and per share amounts)</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">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">Six months ended</TD><TD STYLE="font-weight: bold; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">June 30,</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">June 30,</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="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; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 51%; text-align: left; border-left: Black 2px solid; padding-left: 2pt; padding-bottom: 2pt">Net earnings (loss) attributable to common shareholders - as reported</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 2px solid">$</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right; padding-bottom: 1pt; border-bottom: Black 2px solid">(25.0</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 2px solid">)</TD><TD STYLE="width: 1%; padding-bottom: 1pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; border-bottom: Black 2px solid">$</TD><TD STYLE="width: 9%; text-align: right; border-bottom: Black 2px solid">(83.2</TD><TD STYLE="width: 1%; text-align: left; padding-bottom: 1pt; border-bottom: Black 2px solid">)</TD><TD STYLE="width: 2%; font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; border-bottom: Black 2px solid">$</TD><TD STYLE="width: 9%; font-weight: bold; text-align: right; border-bottom: Black 2px solid">10.0</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; border-bottom: Black 2px solid">$</TD><TD STYLE="width: 9%; text-align: right; border-bottom: Black 2px solid">(89.9</TD><TD STYLE="width: 1%; text-align: left; border-right: Black 2px solid; padding-bottom: 1pt">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt">&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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Adjusting items:</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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">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">6.2</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">6.5</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">9.0</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">7.5</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">Non-hedge derivatives losses (gains) - 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">6.9</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">(0.1</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">0.3</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">1.9</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">Losses (gains) 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">(2.7</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">(0.1</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">(6.2</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">0.8</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">Foreign exchange losses (gains) 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">(31.6</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">2.8</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">(37.8</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">20.5</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">Acquisition costs</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">7.6</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">-</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">Tax benefits realized upon acquisition</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">(27.7</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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">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">-</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">26.0</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">-</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">26.0</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">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">24.0</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">19.3</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">45.2</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">19.7</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">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">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">-</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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.2in">Tasiast and Maricunga suspension 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">22.7</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">-</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">22.7</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">-</TD><TD STYLE="text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 0.2in">Insurance recoveries and other - 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">)</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">-</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">(11.7</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">-</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">&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">15.2</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">69.6</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">1.4</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">91.6</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Adjusted net earnings (loss) attributable to common shareholders</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">(9.8</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">(13.6</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 4px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">11.4</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">1.7</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">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">1,244.2</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,146.2</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">1,208.9</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,145.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Adjusted net earnings (loss) per share</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">(0.01</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">)</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">(0.01</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 4px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">0.01</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">0.00</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">&nbsp;</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&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">&nbsp;</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&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 STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 12 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; 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: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px; border-top: Black 2px solid; border-left: Black 2px solid; padding-top: 12pt; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px; border-top: Black 2px solid; padding-top: 12pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid; border-top: Black 2px solid; padding-top: 12pt">Adjusted Operating Cash Flow</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; padding-top: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; border-left: Black 2px solid; padding-left: 0.125in">(in millions, except share and per share amounts)</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">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">Six months ended</TD><TD STYLE="font-weight: bold; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">June 30,</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">June 30,</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid">2016</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 2px solid">2015</TD><TD STYLE="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; padding-left: 2pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 55%; text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Net cash flow provided from operating activities - as reported</TD><TD STYLE="width: 1%; font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; font-weight: bold; text-align: right">315.9</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; text-align: right">167.2</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">&nbsp;</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">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; font-weight: bold; text-align: right">530.4</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="width: 8%; border-bottom: Black 2px solid; text-align: right">417.3</TD><TD STYLE="width: 1%; border-bottom: Black 2px solid; 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; padding-left: 2pt">&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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt">Adjusting items:</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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.25in">Working capital changes:</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; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 0.5in">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">(4.9</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">29.8</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">(3.6</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">(11.0</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; padding-left: 0.5in">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">(49.6</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">(36.5</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">(83.9</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">(87.2</TD><TD STYLE="text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 0.5in">Accounts payable and other liabilities, including taxes</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">(74.2</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">0.9</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">(48.1</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">57.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">&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">(128.7</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">(5.8</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right">(135.6</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">(41.1</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Adjusted operating cash flow</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">187.2</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">161.4</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 4px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">394.8</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">376.2</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">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">1,244.2</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,146.2</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">1,208.9</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">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">1,145.7</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt">Adjusted operating cash flow per share</TD><TD STYLE="font-weight: bold; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">0.15</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">0.14</TD><TD STYLE="border-bottom: Black 4px solid; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 4px">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right">0.33</TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 4px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 4px solid; text-align: right">0.33</TD><TD STYLE="border-bottom: Black 4px solid; 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; border-bottom: Black 2px solid; padding-left: 2pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</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">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</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">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</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">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-right: Black 2px solid; border-bottom: Black 2px solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 95%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-left: Black 2px solid; padding-left: 2pt; padding-top: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid; padding-top: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid; padding-top: 10pt"><FONT STYLE="font-size: 10pt">Consolidated
    and Attributable Production Cost of Sales Per</FONT></TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; padding-top: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">Equivalent
    Ounce Sold</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; 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; font-style: italic; padding-bottom: 2px; padding-left: 0.125in"><FONT STYLE="font-size: 10pt">(in
    millions, except ounces and production cost of sales per equivalent ounce)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">Three
    months ended<BR>
    June 30,</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">Six
    months ended<BR>
    June 30,</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2016</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2015</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2016</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2015</FONT></TD><TD NOWRAP 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: 2pt"><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; background-color: White">
    <TD STYLE="width: 55%; text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Production
    cost of sales - as reported</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">506.7</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">458.5</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 2%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">964.4</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">913.1</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; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Less:
    portion attributable to Chirano non-controlling interest</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(4.8</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(4.8</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(9.6</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(9.4</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Attributable
    production cost of sales</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">501.9</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">453.7</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">954.8</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">903.7</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-left: Black 2px solid; padding-left: 2pt"><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">&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">&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">&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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Gold equivalent
    ounces sold</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">690,983</FONT></TD><TD STYLE="font-weight: bold; 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">633,148</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,355,148</FONT></TD><TD STYLE="font-weight: bold; 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">1,274,900</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; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Less:
    portion attributable to Chirano non-controlling interest</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(4,231</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(6,902</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(8,999</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(14,089</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Attributable
    gold equivalent ounces sold</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">686,752</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">626,246</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,346,149</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,260,811</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Consolidated production
    cost of sales per equivalent ounce sold</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">733</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">724</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">712</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">716</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Attributable production
    cost of sales per equivalent ounce sold</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">731</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">724</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">709</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">717</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; background-color: White">
    <TD STYLE="border-left: Black 2px solid; border-bottom: Black 2px solid; padding-left: 2pt"><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: right; 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="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: right; 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="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: right; 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="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: right; border-bottom: Black 2px solid"><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>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 12pt"></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 STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 13 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 12pt">&nbsp;</P>

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

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    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
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    <TD NOWRAP STYLE="padding-left: 2pt; padding-top: 10pt; border-top: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-top: 10pt; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; padding-top: 10pt; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">Attributable
    Production Cost of Sales Per Ounce Sold on a</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-top: 10pt; border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">By-Product
    Basis</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; 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; font-style: italic; padding-left: 0.125in"><FONT STYLE="font-size: 10pt">(in millions,
    except ounces and production cost of sales per ounce)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">Three
    months ended<BR>
    June 30,</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">Six
    months ended<BR>
    June 30,</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2016</FONT></TD><TD STYLE="font-weight: bold; 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">2015</FONT></TD><TD STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2016</FONT></TD><TD STYLE="font-weight: bold; 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">2015</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="padding-left: 2pt; border-left: 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"><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; background-color: White">
    <TD STYLE="width: 55%; text-align: left; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Production
    cost of sales - as reported</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">506.7</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">458.5</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 2%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">964.4</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">913.1</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; background-color: White">
    <TD STYLE="text-align: left; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Less: portion
    attributable to Chirano non-controlling interest</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(4.8</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">)</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">(4.8</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(9.6</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">)</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">(9.4</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Less:
    attributable silver revenues</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(29.1</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(20.2</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(48.6</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(40.4</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Attributable
    production cost of sales net of silver by-product revenue</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">472.8</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">433.5</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">906.2</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">863.3</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 2pt; border-left: 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"><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">&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">&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">&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; background-color: White">
    <TD STYLE="text-align: left; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Gold ounces sold</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">669,251</FONT></TD><TD STYLE="font-weight: bold; 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">615,777</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,316,741</FONT></TD><TD STYLE="font-weight: bold; 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">1,240,795</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; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Less:
    portion attributable to Chirano non-controlling interest</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(4,219</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(6,884</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(8,976</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(14,051</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Attributable
    gold ounces sold</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">665,032</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">608,893</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,307,765</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,226,744</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Attributable
    production cost of sales per ounce sold on a by-product basis</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">711</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">712</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">693</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">704</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 2pt; border-left: Black 2px solid; 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: right; 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="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: right; 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="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: right; 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="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: right; border-bottom: Black 2px solid"><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>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></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 STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 14 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 95%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 2px solid; border-left: Black 2px solid; padding-top: 12pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid; padding-top: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-top: Black 2px solid; padding-top: 12pt"><FONT STYLE="font-size: 10pt">Attributable
    All-In Sustaining Cost and All-In Cost Per Ounce</FONT></TD><TD NOWRAP STYLE="font-weight: bold; border-top: Black 2px solid; border-right: Black 2px solid; padding-top: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">Sold
    on a By-Product Basis</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; font-style: italic; padding-left: 2pt"><FONT STYLE="font-size: 10pt">(in millions,
    except ounces and costs per ounce)</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Three months ended</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Six months ended</FONT></TD><TD NOWRAP STYLE="font-weight: bold; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">June
    30,</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">June
    30,</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2016</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2015</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2016</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2015</FONT></TD><TD NOWRAP 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: 2pt"><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; background-color: White">
    <TD STYLE="width: 55%; text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Production
    cost of sales - as reported</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">506.7</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">458.5</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 2%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">964.4</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">913.1</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less:
    portion attributable to Chirano non-controlling interest<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(4.8</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">)</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">(4.8</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(9.6</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">)</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">(9.4</FONT></TD><TD STYLE="text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less:
    attributable<SUP>(2)</SUP> silver revenues<SUP>(3)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(29.1</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(20.2</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(48.6</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(40.4</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(2)
    </SUP>production cost of sales net of silver by-product revenue</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">472.8</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">433.5</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">906.2</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">863.3</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusting
    items on an attributable<SUP>(2)</SUP> basis:</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">&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">&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">&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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General
    and administrative<SUP>(4)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">32.4</FONT></TD><TD STYLE="font-weight: bold; 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">44.6</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">70.7</FONT></TD><TD STYLE="font-weight: bold; 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; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    operating expense - sustaining<SUP>(5)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">8.2</FONT></TD><TD STYLE="font-weight: bold; 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">2.5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">31.7</FONT></TD><TD STYLE="font-weight: bold; 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">14.2</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclamation
    and remediation - sustaining<SUP>(6)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">32.9</FONT></TD><TD STYLE="font-weight: bold; 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">14.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">51.2</FONT></TD><TD STYLE="font-weight: bold; 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">29.2</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration
    and business development - sustaining<SUP>(7)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">12.9</FONT></TD><TD STYLE="font-weight: bold; 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">16.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">24.4</FONT></TD><TD STYLE="font-weight: bold; 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">29.7</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions
    to property, plant and equipment - sustaining<SUP>(8)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">90.0</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">101.1</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">175.7</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">184.1</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in
    Sustaining Cost on a by-product basis - attributable<SUP>(2)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">649.2</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">612.8</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,259.9</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,204.1</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    operating expense - non-sustaining<SUP>(5)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">4.9</FONT></TD><TD STYLE="font-weight: bold; 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">14.8</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">7.4</FONT></TD><TD STYLE="font-weight: bold; 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">19.3</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration
    - non-sustaining<SUP>(7)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">8.6</FONT></TD><TD STYLE="font-weight: bold; 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">12.8</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">13.6</FONT></TD><TD STYLE="font-weight: bold; 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">21.9</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions
    to property, plant and equipment - non-sustaining<SUP>(8)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">20.6</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">24.7</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">55.0</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">68.5</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in
    Cost on a by-product basis - attributable<SUP>(2)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">683.3</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">665.1</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,335.9</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,313.8</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Gold ounces sold</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">669,251</FONT></TD><TD STYLE="font-weight: bold; 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">615,777</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,316,741</FONT></TD><TD STYLE="font-weight: bold; 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">1,240,795</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; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less:
    portion attributable to Chirano non-controlling interest<SUP>(9)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(4,219</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(6,884</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(8,976</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(14,051</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(2)
    </SUP>gold ounces sold</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">665,032</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">608,893</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,307,765</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,226,744</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(2)
    </SUP>all-in sustaining cost per ounce sold on a by-product basis</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">976</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,006</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">963</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(2)
    </SUP>all-in cost per ounce sold on a by-product basis</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,027</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,092</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,022</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,071</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; background-color: White">
    <TD STYLE="border-left: Black 2px solid; border-bottom: Black 2px solid; padding-left: 2pt"><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: right; 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="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: right; 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="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: right; 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="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: right; border-bottom: Black 2px solid"><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>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 95%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 2pt; padding-top: 12pt; border-top: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-top: 12pt; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; padding-top: 12pt; border-top: Black 2px solid"><FONT STYLE="font-size: 10pt">Attributable
    All-In Sustaining Cost and All-In Cost Per</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-top: 12pt; border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">Equivalent
    Ounce Sold</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; 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; font-style: italic; padding-left: 2pt"><FONT STYLE="font-size: 10pt">(in millions,
    except ounces and costs per equivalent ounce)</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Three months ended</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Six months ended</FONT></TD><TD NOWRAP STYLE="font-weight: bold; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">June
    30,</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">June
    30,</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2016</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2015</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2016</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 10pt">2015</FONT></TD><TD NOWRAP 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="padding-left: 2pt; border-left: 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"><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; background-color: White">
    <TD STYLE="width: 55%; text-align: left; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Production
    cost of sales - as reported</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">506.7</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">458.5</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 2%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">964.4</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">913.1</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; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less:
    portion attributable to Chirano non-controlling interest<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(4.8</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(4.8</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(9.6</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(9.4</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(2)
    </SUP>production cost of sales</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">501.9</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">453.7</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">954.8</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">903.7</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusting
    items on an attributable<SUP>(2)</SUP> basis:</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">&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">&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">&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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General
    and administrative<SUP>(4)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">32.4</FONT></TD><TD STYLE="font-weight: bold; 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">44.6</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">70.7</FONT></TD><TD STYLE="font-weight: bold; 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; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    operating expense - sustaining<SUP>(5)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">8.2</FONT></TD><TD STYLE="font-weight: bold; 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">2.5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">31.7</FONT></TD><TD STYLE="font-weight: bold; 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">14.2</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclamation
    and remediation - sustaining<SUP>(6)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">32.9</FONT></TD><TD STYLE="font-weight: bold; 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">14.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">51.2</FONT></TD><TD STYLE="font-weight: bold; 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">29.2</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration
    and business development - sustaining<SUP>(7)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">12.9</FONT></TD><TD STYLE="font-weight: bold; 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">16.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">24.4</FONT></TD><TD STYLE="font-weight: bold; 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">29.7</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions
    to property, plant and equipment - sustaining<SUP>(8)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">90.0</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">101.1</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">175.7</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">184.1</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in
    Sustaining Cost - attributable<SUP>(2)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">678.3</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">633.0</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,308.5</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,244.5</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other
    operating expense - non-sustaining<SUP>(5)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">4.9</FONT></TD><TD STYLE="font-weight: bold; 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">14.8</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">7.4</FONT></TD><TD STYLE="font-weight: bold; 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">19.3</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration
    - non-sustaining<SUP>(7)</SUP></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">8.6</FONT></TD><TD STYLE="font-weight: bold; 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">12.8</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">13.6</FONT></TD><TD STYLE="font-weight: bold; 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">21.9</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; background-color: White">
    <TD STYLE="text-align: left; border-left: Black 2px solid; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additions
    to property, plant and equipment - non-sustaining<SUP>(8)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">20.6</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">24.7</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">55.0</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">68.5</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All-in
    Cost - attributable<SUP>(2)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">712.4</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">685.3</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,384.5</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,354.2</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">Gold equivalent
    ounces sold</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">690,983</FONT></TD><TD STYLE="font-weight: bold; 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">633,148</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,355,148</FONT></TD><TD STYLE="font-weight: bold; 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">1,274,900</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; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 2px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less:
    portion attributable to Chirano non-controlling interest<SUP>(9)</SUP></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(4,231</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(6,902</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(8,999</FONT></TD><TD STYLE="border-bottom: Black 2px solid; font-weight: bold; text-align: left"><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">(14,089</FONT></TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 4px; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(2)
    </SUP>gold equivalent ounces sold</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">686,752</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">626,246</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 4px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,346,149</FONT></TD><TD STYLE="border-bottom: Black 4px solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 4px solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: right"><FONT STYLE="font-size: 10pt">1,260,811</FONT></TD><TD STYLE="border-bottom: Black 4px solid; text-align: left; border-right: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(2)
    </SUP>all-in sustaining cost per equivalent ounce sold</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">988</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,011</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">972</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">987</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; background-color: White">
    <TD STYLE="text-align: left; padding-left: 2pt; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attributable<SUP>(2)
    </SUP>all-in cost per equivalent ounce sold</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,037</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,094</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,028</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,074</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; background-color: White">
    <TD STYLE="padding-left: 2pt; border-left: Black 2px solid; 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: right; 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="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: right; 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="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: right; 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="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: right; border-bottom: Black 2px solid"><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>
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    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(1) &quot;Portion attributable to Chirano non-controlling interest&quot;
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: 0pt 0">(2) &ldquo;Attributable&rdquo; includes Kinross' share of Chirano
(90%) production.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 0pt 0">(4) &ldquo;General and administrative&rdquo; expenses is as
reported on the consolidated statement of operations, net of certain severance expenses. 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 0pt 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: 0pt 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: 0pt 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), 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 second quarter and six months ended June 30, 2016, primarily relate to projects at Tasiast and
Chirano.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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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    <TD STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 16 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(197,155,95)"><B>Cautionary statement on forward-looking information
</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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 harbor&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;CEO commentary&ldquo;,
&ldquo;Operating results and update&rdquo;, and &ldquo;Balance sheet and liquidity&rdquo;, and include, without limitation,
statements with respect to our guidance and forecasts for production; production costs of sales, all-in sustaining cost and
capital expenditures; 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, permitting, restarting suspended or disrupted operations; continuous
improvement initiatives; and resolution of pending litigation and regulatory processes. The words &ldquo;ahead&rdquo;,
&ldquo;anticipate&rdquo;, &ldquo;assumption&rdquo;, &ldquo;believe&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;flexibility&rdquo;, &ldquo;focus&rdquo;, &ldquo;forecast&rdquo;, &ldquo;forward&rdquo;, &ldquo;future&rdquo;,
&ldquo;guidance&rdquo;, &ldquo;indicate&rdquo;, &ldquo;intend&rdquo;, &ldquo;measures&rdquo;,
&ldquo;objective&rdquo;, &ldquo;on track&rdquo;, &ldquo;outlook&rdquo;, &ldquo;opportunity&rdquo;, &ldquo;path,
&ldquo;phase&rdquo;, &ldquo;plan&rdquo;, &ldquo;positioned&rdquo;, &ldquo;possible&rdquo;, &ldquo;potential&rdquo;,
&ldquo;pre-feasibility&rdquo;, &ldquo;priority&rdquo;, &ldquo;project&rdquo;, &ldquo;proposition&rdquo;,
&ldquo;prospective&rdquo;, &ldquo;risk&rdquo;, &ldquo;strategy&rdquo;, &ldquo;study&rdquo;, &ldquo;target&rdquo;,
&ldquo;timeline&rdquo;, &ldquo;trending&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 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 Annual
Information Form dated March 31, 2016 (&ldquo;2016 AIF&rdquo;) and our Management&rsquo;s Discussion and Analysis for the
fiscal year-end 2015 (&ldquo;2015 MD&amp;A&rdquo;) and second-quarter 2016 (&ldquo;Q2 2016 MD&amp;A&rdquo;), as well as: (1)
there being no significant disruptions affecting the operations of the Company whether due to extreme weather events
(including, without limitation, prolonged lack of rainfall at Paracatu) and other or related natural disasters, labour
disruptions (including but not limited to arising from negotiation of the collective labour agreement or renewed expatriate
work permit issues at Tasiast), supply disruptions, power disruptions, illegal incursions, illegal mining, damage to
equipment or otherwise; (2) permitting, development, operations and production from the Company&rsquo;s operations being
consistent with Kinross&rsquo; current expectations, water and power supply at Paracatu and the ongoing regulatory
proceedings at Maricunga; (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 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 labour laws and 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 credit ratings 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; 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;
the impacts of illegal mining and property incursions; 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
(including but not limited to Bald Mountain and the other 50% of Round Mountain) 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; permitting and environmental enforcement actions (including but not limited to in respect of
Maricunga and the Company&rsquo;s Sunnyside reclamation property in Colorado) and similar proceedings in jurisdictions in
which the Company operates; 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 mineral 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
2016 AIF and the &ldquo;Risk Analysis&rdquo; sections of our 2015 MD&amp;A and Q2 2016 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>



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    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></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 STYLE="width: 50%; font-size: 10pt">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #C59B5F"><B>Kinross Gold Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0pt">25 York Street, 17th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, ON Canada M5J 2V5</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Key Sensitivities</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Approximately 70%-80% of the Company's costs are denominated
in US dollars. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>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<B><SUP>8</SUP></B>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Specific to the Russian rouble, 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.
</I></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Other information</I></B></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>8 Refers to<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
all of the currencies in the countries where the Company has mining operations, fluctuating simultaneously by 10% in the same
direction, either appreciating, or depreciating, taking into consideration the impact of hedging and the weighting of each currency
within our consolidated cost structure.</FONT></I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></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 STYLE="width: 50%; font-size: 10pt; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><B>p. 18 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C59B5F">Kinross reports 2016 second-quarter results</FONT></B></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: right; padding-top: 6pt; border-top: rgb(197,155,95) 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: gray"><I>www.kinross.com</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Gainsboro 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
