<SEC-DOCUMENT>0001279569-20-001539.txt : 20201109
<SEC-HEADER>0001279569-20-001539.hdr.sgml : 20201109
<ACCEPTANCE-DATETIME>20201109065210
ACCESSION NUMBER:		0001279569-20-001539
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20201109
DATE AS OF CHANGE:		20201109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Equinox Gold Corp.
		CENTRAL INDEX KEY:			0001756607
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39038
		FILM NUMBER:		201296029

	BUSINESS ADDRESS:	
		STREET 1:		700 WEST PENDER ST., SUITE 1501
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1G8
		BUSINESS PHONE:		604-558-0560

	MAIL ADDRESS:	
		STREET 1:		700 WEST PENDER ST., SUITE 1501
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1G8
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>equinox6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0"></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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<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"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Form 6-K</B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 <BR>
or 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;&nbsp;</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">For the month of <B>November, 2020</B>.</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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Commission File Number&nbsp;<B>001-39038</B></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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR>
    <TD STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 24pt"><B><FONT STYLE="text-transform: none; letter-spacing: normal; word-spacing: 0px"><B>EQUINOX GOLD CORP.</B></FONT></B></FONT></TD></TR>
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Translation of registrant&rsquo;s name into English)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR>
    <TD STYLE="width: 100%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><FONT STYLE="text-transform: none; letter-spacing: normal; word-spacing: 0px"><B>700 West Pender
Street, Suite 1501</B></FONT></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><FONT STYLE="text-transform: none; letter-spacing: normal; word-spacing: 0px"><B>Vancouver, British
Columbia</B></FONT></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><FONT STYLE="text-transform: none; letter-spacing: normal; word-spacing: 0px"><B>V6C 1G8</B></FONT>&nbsp;</B></P></TD></TR>
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive office)</FONT></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">Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR>
    <TD STYLE="width: 40%; font: 12pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 10%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; padding-right: -9.7pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Form
    40-F &nbsp;&nbsp;&nbsp;&#9746;</FONT></TD>
    <TD STYLE="width: 38%; padding-left: 5.2pt; font: 12pt Times New Roman, Times, Serif; text-indent: 9pt"><FONT STYLE="font-size: 10pt">&nbsp;<FONT STYLE="font-family: Wingdings"></FONT></FONT></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">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;&nbsp; <FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 99%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Note:</B>&nbsp;&nbsp;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.</FONT></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">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;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 99%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Note:</B> Regulation&nbsp;S-T Rule&nbsp;101(b)(7) only permits the submission in paper of a Form&nbsp;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&rsquo;s &ldquo;home country&rdquo;), or under the rules of the home country exchange on which the registrant&rsquo;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&rsquo;s security holders, and, if discussing a material event, has already been the subject of a Form&nbsp;6-K submission or other Commission filing on EDGAR.</FONT></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">&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">&nbsp;</P>


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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>EQUINOX GOLD CORP.</B></FONT></TD></TR>
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 42%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:&nbsp;&nbsp;
     November 9, 2020</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/
                                                           </FONT>Susan Toews</P>

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

</TD></TR>
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Susan Toews</FONT></TD></TR>
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General Counsel </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex991.htm">99.1</A></FONT></TD>
    <TD STYLE="width: 93%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex991.htm">Condensed Consolidated Interim Financial Statements for the three and nine months ended September 30, 2020</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex992.htm">99.2</A></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex992.htm">Management&rsquo;s Discussion and Analysis for the three and nine months ended September 30, 2020</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex993.htm">99.3</A></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex993.htm">Certification of Interim Filings &ndash; CEO</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex994.htm">99.4</A></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex994.htm">Certification of Interim Filings &ndash; CFO</A></FONT></TD></TR>
</TABLE>

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

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991.htm
<DESCRIPTION>Q3
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>EXHIBIT 99.1</B></FONT></P>

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

<P STYLE="font: 18pt/107% Arial, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt/107% Arial, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt/107% Arial, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt/107% Arial, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt/107% Arial, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt/107% Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: center"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 97; width: 300"></B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center"><B>Condensed Consolidated Interim
Financial Statements</B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center"><B>For the three and nine months ended
September 30, 2020 and 2019</B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">(Unaudited, expressed in thousands
of United States dollars, unless otherwise stated)</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Condensed Consolidated Statements of Financial Position</P>

<P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">(Unaudited, expressed in thousands of United States dollars)</P>

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<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">September 30,</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">Note</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt"><FONT STYLE="font-size: 14pt; color: #21405E">Assets</FONT></TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Current assets</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Cash and cash equivalents</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">310,719</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">67,716</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Trade and other receivables</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">47,237</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">27,390</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Inventory</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">5</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">214,867</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">46,262</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Prepaid expenses and other current assets</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">23,966</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">6,681</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Restricted cash &ndash; current</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">596</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">607</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; width: 1%; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 57%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 12%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 3%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 12%; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">597,385</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 3%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 12%; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">148,656</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Restricted cash</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">4,903</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">14,678</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Inventory</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">5</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">124,100</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">141,578</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Mineral properties, plant and equipment</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">6</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,841,654</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">497,944</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Exploration and evaluation assets</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">13,750</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">13,750</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Other assets</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">22,564</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">22,744</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Total assets</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2,604,356</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">839,350</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt"><FONT STYLE="font-size: 14pt; color: #21405E">Liabilities and Equity</FONT></TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Current liabilities</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Accounts payable and accrued liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">109,027</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">67,204</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Current portion of loans and borrowings</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">7</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">6,667</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">61,574</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Derivative liabilities &ndash; current</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">8</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">72,159</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Other current liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">14,200</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,145</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">202,053</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">131,923</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Loans and borrowings</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">7</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">536,455</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">202,475</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Derivative liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">8</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">122,676</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">56,146</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Reclamation obligations</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">111,638</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">29,885</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Other long-term liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">31,333</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">5,150</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Deferred tax liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">222,454</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">10,712</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Total liabilities</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,226,609</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">436,291</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Shareholders&rsquo; equity</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Share capital</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">10</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,513,786</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">505,686</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Reserves</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">39,081</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">27,959</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Deficit</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(175,120)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(130,586)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Total equity</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,377,747</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">403,059</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Total liabilities and equity</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2,604,356</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">839,350</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Commitments and contingencies (notes 6, 11 and 21)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-top: 0.8pt; padding-left: 4.8pt; text-indent: -4.8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-top: 0.8pt; padding-left: 4.8pt; text-indent: -4.8pt">The accompanying notes form an integral part of these condensed consolidated interim financial statements.</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Condensed Consolidated Statements of Income (Loss) and
Comprehensive Income (Loss)</P>

<P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">(Unaudited, expressed in thousands of United States dollars,
except share and per share amounts)</P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="4" STYLE="padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Nine months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">Note</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2019</TD>
    <TD STYLE="width: 2%; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="width: 2%; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Revenue</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">11</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">244,454</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">91,896</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">589,876</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">162,677</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Operating expenses</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">12</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(110,385)</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(49,918)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(284,386)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(98,075)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Depreciation and depletion</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(36,379)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(11,192)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(88,102)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(19,224)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Earnings from mine operations</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">97,690</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">30,786</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">217,388</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">45,378</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Care and maintenance</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">13</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(12,069)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(31,176)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Exploration</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(2,868)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(943)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(9,461)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(7,030)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">General and administration</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">14</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(8,142)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(3,318)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(24,741)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(10,117)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">Income from operations</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">74,611</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">26,525</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">152,010</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">28,231</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Finance expense</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(12,773)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(5,335)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(31,104)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(12,437)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Finance income</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">613</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">78</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,250</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,332</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Other expense</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">15</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(39,518)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(9,671)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(117,962)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(24,620)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Net income (loss) before taxes</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">22,933</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">11,597</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">4,194</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(7,494)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Current tax expense</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(9,324)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(1,811)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(25,391)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(4,824)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Deferred tax (expense) recovery</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(1,797)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(1,729)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(23,337)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">502</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Net income (loss) and comprehensive income (loss)</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">11,812</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">8,057</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(44,534)</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(11,816)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Net income (loss) and comprehensive</P>
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">income (loss) attributable to:</P></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Equinox Gold shareholders</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">11,812</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">8,057</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(44,534)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(9,852)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Non-controlling interests</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(1,964)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">11,812</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">8,057</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(44,534)</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(11,816)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; text-indent: 0in">Net income (loss) per share, basic and diluted</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; text-align: center; text-indent: 0in">16</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">0.05</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">0.07</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(0.22)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(0.09)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Weighted average shares outstanding,</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">16</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">Basic</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">241,249,679</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">113,288,119</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">202,538,753</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">111,523,430</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">Diluted</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">244,066,116</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">141,748,278</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">202,538,753</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">111,523,430</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">The accompanying notes form an integral part of these condensed consolidated interim financial statements.</TD></TR>
</TABLE>
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<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Condensed Consolidated Statements of Cash Flows</P>

<P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">(Unaudited, expressed in thousands of United States dollars)</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: left; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: right; padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="4" STYLE="text-align: right; padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Nine months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: left; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">Note</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2019</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2019</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Cash provided by (used in):</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Operations</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Net income (loss) for the period</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">11,812</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">8,057</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(44,534)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(11,816)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Adjustments for:</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Depreciation and depletion</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">37,768</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">11,292</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">94,352</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">19,466</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Change in fair value of warrants</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">8(c), 15</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">8,596</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">7,408</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">47,334</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">11,387</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Unrealized loss on gold contracts</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">8(a)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">10,160</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">24,083</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Tax expense</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">11,121</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,540</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">48,728</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">4,322</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Finance expense</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">12,773</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">5,335</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">31,104</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">12,437</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Unrealized loss on foreign exchange contracts</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">8(b)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2,675</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,594</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">25,232</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,594</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Share-based compensation</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2,450</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,017</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">6,535</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,150</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Loss on extinguishment of debt</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">220</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">14,123</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Expected credit losses (recovery)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">15</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(412)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(261)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">6,074</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(224)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Finance fees paid</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(7,229)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(1,696)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(32,068)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(9,553)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-align: left; text-indent: -4.95pt">Unrealized foreign exchange (gain) loss</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">4,259</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(88)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(14,330)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;(1,691)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Income taxes paid</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(13,479)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(26,604)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Other</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">9,125</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,140</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,903</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(3,213)</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: left; vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Operating cash flow before non-cash changes in working capital</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">89,619</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">37,558</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">169,809</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">39,982</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Changes in non-cash working capital:</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="4" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 22.2pt; text-indent: -5.95pt">Accounts receivable, prepaid expenses and deposits</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(6,426)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(8,084)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">274</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(7,152)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Inventory</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(18,562)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(4,242)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(15,730)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(23,347)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 21.25pt; text-indent: -4.95pt">Accounts payable and accrued liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(3,299)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">12,735</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 25.35pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(20,768)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">11,305</TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; vertical-align: top; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 12.45pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 12.45pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">61,332</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">37,967</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">133,585</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">20,788</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Investing</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 13.65pt; text-align: left; text-indent: -5.95pt">Capital expenditures</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(47,668)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(25,267)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(121,991)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(81,751)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">Acquisition of Leagold</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; text-align: center; text-indent: 0in">4</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">55,252</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 13.65pt; text-indent: -5.95pt">Mesquite acquisition working capital adjustment</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(12,451)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 13.35pt; text-indent: -5.95pt">Other</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2,500</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(111)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(855)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(1,375)</TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; vertical-align: top; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 12.45pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(45,168)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(25,378)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(67,594)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(95,577)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Financing</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-align: left; text-indent: -4.95pt">Proceeds from option and warrant exercises</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">10</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">5,992</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">293</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">169,386</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,179</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-align: left; text-indent: -4.95pt">Draw down of loans and borrowings</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">7</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">20,000</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">518,958</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">189,661</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Net proceeds from equity financings</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">10</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">39,938</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Decrease in restricted cash</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,137</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">9,158</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,389</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Repayment of loans and borrowings</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">7</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(200,000)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(20,000)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(546,274)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(136,888)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Other</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(5,148)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(68)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(8,618)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,279</TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; vertical-align: top; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(196,019)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">225</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">182,548</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">58,620</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="4" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Effect of foreign exchange on cash and cash equivalents</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(3,488)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(369)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(5,536)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">838</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.15pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Increase (decrease) in cash and cash equivalents</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(183,343)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">12,445</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">243,003</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(15,331)</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Cash and cash equivalents, beginning of period</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">494,062</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">33,046</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">67,716</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">60,822</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Cash and cash equivalents, end of period</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">310,719</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">45,491</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">310,719</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">45,491</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="12" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Supplemental cash flow information (note 17)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="12" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="12" STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: left">The accompanying notes form an integral part of these condensed consolidated interim financial statements.</TD></TR>
<TR>
    <TD STYLE="text-align: left; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 2pt"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 2pt">Condensed Consolidated Statements of Changes in Equity</P>

<P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">(Unaudited, expressed in thousands of United States dollars,
except share amounts)</P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: center; text-indent: -3.85pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">Share Capital</TD>
    <TD COLSPAN="2" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Shares</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Amount</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Reserves</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Deficit</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 54%; padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">December 31, 2019</TD>
    <TD STYLE="width: 4%; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">113,452,363</TD>
    <TD STYLE="width: 1%; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="width: 8%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">505,686</TD>
    <TD STYLE="width: 1%; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="width: 7%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">27,959</TD>
    <TD STYLE="width: 1%; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="width: 7%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(130,586)</TD>
    <TD STYLE="width: 1%; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="width: 7%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">403,059</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">Shares and options issued for acquisition of Leagold (note 4)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">94,635,765</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">732,042</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">19,777</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">751,819</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">Shares issued in financings (note 10)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">6,472,491</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">40,000</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">40,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">Shares issued on exercise of shareholder anti-dilution right (note 10)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">461,947</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2,855</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2,855</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: left; text-indent: -3.85pt">Equity component of Convertible Notes (note 7(b))</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">8,322</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">8,322</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">Shares issued on exercise of warrants, stock options and RSUs (note 10)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">26,847,608</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">233,265</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(20,489)</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: left; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">212,776</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">Share-based compensation</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,512</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,512</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">Share issue costs</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(62)</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(62)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">Net loss and comprehensive loss</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(44,534)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(44,534)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">241,870,174</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,513,786</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">39,081</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(175,120)</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,377,747</TD></TR>
</TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0 5.95pt; text-indent: -5.95pt">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0 5.95pt; text-indent: -5.95pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: center; text-indent: -3.85pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">Share Capital</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Shares</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Amount</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Reserves</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Deficit</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Non-controlling<BR>
interests</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">December 31, 2018</TD>
    <TD STYLE="width: 8%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">110,425,401</TD>
    <TD STYLE="width: 1%; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="width: 7%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">491,100</TD>
    <TD STYLE="width: 1%; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="width: 7%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">15,402</TD>
    <TD STYLE="width: 1%; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="width: 7%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(111,723)</TD>
    <TD STYLE="width: 1%; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="width: 8%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">14,519</TD>
    <TD STYLE="width: 1%; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="width: 8%; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">409,298</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Shares issued to settle Debenture</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2,227,835</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">10,110</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">10,110</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Equity component of Convertible Notes</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">10,217</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">10,217</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Shares issued on exercise of warrants, stock options and RSUs</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">748,361</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">4,173</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(2,708)</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,465</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Share-based compensation</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,151</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,151</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Changes in non-controlling interest from equity offerings and other</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(503)</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,949</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">3,446</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Deconsolidation of Solaris Resources</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(16,504)</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(16,504)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Net loss and comprehensive loss</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(9,852)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: center; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(1,964)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(11,816)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">September 30, 2019</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">113,401,597</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">505,383</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">26,062</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(122,078)</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">409,367</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-left: 3.85pt; text-align: right; text-indent: -3.85pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.65pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-left: 3.85pt; text-indent: -3.85pt">The accompanying notes form an integral part of these condensed consolidated interim financial statements.</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Nature of operations</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">Equinox Gold Corp. (the
        &ldquo;Company&rdquo; or &ldquo;Equinox Gold&rdquo;) was incorporated under the Business Corporations Act of British Columbia on
        March 23, 2007. Equinox Gold&rsquo;s primary listing is on the Toronto Stock Exchange (&ldquo;TSX&rdquo;) in Canada where its common
        shares trade under the symbol &ldquo;EQX&rdquo; and its warrants trade under the symbol &ldquo;EQX.WT&rdquo;. The Company&rsquo;s
        shares also trade on the NYSE American Stock Exchange (&ldquo;NYSE-A&rdquo;) in the United States under the symbol &ldquo;EQX&rdquo;
        and its warrants also trade on the OTC Markets in the United States under the symbol &ldquo;EQXWF&rdquo;.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">Equinox Gold is a gold mining
        company engaged in the operation, acquisition, exploration and development of mineral properties. On March 10, 2020, the Company
        completed its acquisition of Leagold Mining Corporation (&ldquo;Leagold&rdquo;). The results of operations of Leagold are included
        in these financial statements from March 10, 2020 (note 4).</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">All of the Company&rsquo;s
        properties are located in the Americas, with one property in Mexico, two in the United States and five in Brazil. Each property
        is wholly-owned by the Company. The Company&rsquo;s producing assets are the Los Filos Mine Complex (&ldquo;Los Filos&rdquo;) in
        Mexico, the Mesquite Mine (&ldquo;Mesquite&rdquo;) in the United States, and the Aurizona Mine (&ldquo;Aurizona&rdquo;), Fazenda
        Mine (&ldquo;Fazenda&rdquo;), RDM Mine (&ldquo;RDM&rdquo;) and Pilar Mine (&ldquo;Pilar&rdquo;) in Brazil. The Company&rsquo;s
        development-stage assets are the Castle Mountain Mine (&ldquo;Castle Mountain&rdquo;) in the United States, which is in the late
        stages of commissioning, and the Santa Luz Mine (&ldquo;Santa Luz&rdquo;) in Brazil which is on care and maintenance and for which
        the Company is in the late stage of completing an updated feasibility study.</P></TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Basis of preparation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 36.15pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Basis of presentation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">These condensed consolidated
        financial statements have been prepared in accordance with International Accounting Standard (&ldquo;IAS&rdquo;) 34, <I>Interim
        Financial Reporting</I>, and do not include all of the information required for full annual financial statements prepared using
        International Financial Reporting Standards (&ldquo;IFRS&rdquo;). These condensed consolidated interim financial statements should
        be read in conjunction with the Company&rsquo;s most recent annual audited financial statements for the year ended December 31,
        2019. Except as described in note 2(d), the accounting policies applied in these condensed consolidated interim financial statements
        are the same as those applied in the Company&rsquo;s annual audited consolidated financial statements for the year ended December
        31, 2019.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">These condensed consolidated
        interim financial statements were approved and authorized for issuance by the Board of Directors on November 5, 2020.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Basis of consolidation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 0.5in; text-align: justify; line-height: 13pt">These condensed consolidated interim financial statements include the accounts of the Company and its subsidiaries.&nbsp;&nbsp;Subsidiaries are entities controlled by the Company. Control is defined as Equinox Gold having power over the entity, rights to variable returns from its involvement with the entity, and the ability to use its power to affect the amount of returns. All intercompany transactions and balances are eliminated on consolidation.&nbsp;&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Basis of preparation (continued)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 2.15pt 6pt 0.5in; text-align: justify; line-height: 13pt">At September 30, 2020, the Company&rsquo;s material subsidiaries include the following:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 7%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 47%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Company</TD>
    <TD STYLE="vertical-align: bottom; width: 26%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Location</TD>
    <TD STYLE="vertical-align: bottom; width: 20%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Ownership Interest</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Castle Mountain Venture</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">USA</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">100%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Desarrollos Mineros San Luis S.A. de C.V.</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Mexico</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">100%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Fazenda Brasileiro Desenvolvimento Mineral Ltda</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Brazil</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">100%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Minera&ccedil;&atilde;o Aurizona S.A.</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Brazil</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">100%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Minera&ccedil;&atilde;o Riacho Dos Machados Ltda</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Brazil</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">100%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Pilar de Goias Desenvolvimento Mineral Ltda</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Brazil</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">100%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Santa Luz Desenvolvimento Mineral Ltda</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">Brazil</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">100%</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Western Mesquite Mines, Inc.</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">USA</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">100%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 2.15pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Functional currency and presentation currency</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">Except as otherwise noted,
        these financial statements are presented in United States dollars (&ldquo;US dollars&rdquo;), the functional currency of the Company
        and its subsidiaries.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">Transactions in foreign currencies
        are initially recorded in the functional currency by applying the exchange rates prevailing at the date of the transaction. Monetary
        assets and liabilities denominated in foreign currencies are translated at the exchange rate prevailing at the date of the statement
        of financial position. Non-monetary assets and liabilities are translated at historical exchange rates, unless the item is carried
        at fair value, in which case it will be translated at the exchange rate in effect at the date when the fair value was determined.
        Resulting foreign exchange gains and losses are recognized in income or loss. Foreign currency gains and losses are reported on
        a net basis.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 2.15pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Significant accounting policies</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 2.15pt 6pt 0.5in; text-align: justify; line-height: 13pt"><I>Depletion of mineral properties</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 2.15pt 6pt 0.5in; text-align: justify; line-height: 13pt">The carrying amounts of mineral properties are amortized using the units-of-production method over the estimated recoverable ounces, which is the estimated total ounces to be extracted in current and future periods based on proven and probable reserves, and, in the case of certain underground mines, certain measured and indicated resources.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 2.15pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Adoption of new accounting standards</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 2.15pt 6pt 0.5in; text-align: justify; line-height: 13pt">The following amendment to existing standards has been issued but not yet adopted by the Company:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 2.15pt 6pt 0.5in; text-align: justify; line-height: 13pt">IAS 16, <I>Property, plant and equipment &ndash; proceeds before intended use</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 2.15pt 6pt 0.5in; text-align: justify; line-height: 13pt">On May 14, 2020, the IASB published a narrow scope amendment to IAS 16 Property, Plant and Equipment - Proceeds before Intended Use. The amendment prohibits deducting from the cost of property, plant and equipment amounts received from selling items produced while preparing the asset for its intended use. Instead, amounts received will be recognized as sales proceeds and related cost in profit or loss. The effective date is for annual periods beginning on or after January 1, 2022. The Company is assessing the effect of the narrow scope amendment on its consolidated financial statements.</TD></TR>
</TABLE>
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    <TD STYLE="width: 100%; padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Use of judgements and estimates</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 19.55pt; text-align: justify; line-height: 13pt">In preparing these condensed consolidated interim financial statements, management has made judgements, estimates and assumptions that affect the application of the Company&rsquo;s accounting policies and the reported amounts of assets, liabilities, income and expenses.&nbsp;&nbsp;Actual results may differ.&nbsp;&nbsp;Significant judgements made by management in applying the Company&rsquo;s accounting policies and key sources of estimation uncertainty were the same as those applied in the most recent annual audited consolidated financial statements for the year ended December 31, 2019 except as follows:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Acquisitions</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 0.5in; text-align: justify; line-height: 13pt">On the acquisition of a set of assets and liabilities, a company must determine whether what was acquired includes the inputs, processes and outputs necessary to constitute a business as defined in IFRS 3 &ndash; <I>Business Combinations</I>. If an acquired set of assets and liabilities includes goodwill, the set is presumed to be a business. Based on an assessment of the relevant facts and circumstances, the Company concluded that the acquisition of Leagold on March 10, 2020 met the criteria of a business combination and that Equinox Gold was the acquirer.&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Fair value of assets and liabilities acquired</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">Accounting for acquisitions
        requires estimates with respect to the fair value of the assets and liabilities acquired. Such estimates require valuation methods,
        including discounted cash flows, depreciated replacement costs and other methods. The models used in these valuation methods use
        forecasted cash flows, discount rates, current replacement costs and other assumptions. Changes in these assumptions changes the
        value assigned to the acquired assets and liabilities and goodwill, if any.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">Significant assumptions related
        to the Company&rsquo;s acquisition of Leagold are disclosed in note 4.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Commencement of commercial production</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 0.5in; text-align: justify; line-height: 13pt">Management considers several factors in determining when a mining property is capable of operating at levels intended by management.&nbsp;&nbsp;Until a mine is capable of operating at levels intended by management, costs incurred are capitalized as part of the costs of the related mining properties and proceeds from mineral sales are offset against costs capitalized.&nbsp;&nbsp;Depletion of capitalized costs for mining properties begins when the mine is capable of operating at levels intended by management. Amongst other quantitative and qualitative factors, plant utilization, stacking rates and irrigation rates over a specified period were utilized in determining the appropriate timing for a heap leach operation.</TD></TR>
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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Acquisition of Leagold</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 19.55pt; text-align: justify; line-height: 13pt">On March 10, 2020, the Company completed the acquisition of Leagold (the &ldquo;Leagold Acquisition&rdquo; or &ldquo;Transaction&rdquo;). Leagold was a gold mining company with four operating mines, one development project and one expansion project, all located in the Americas, including Los Filos in Mexico, and Fazenda, RDM, Pilar and Santa Luz in Brazil.&nbsp;&nbsp;The acquisition supported the Company&rsquo;s growth strategy and enhanced the Company&rsquo;s production profile.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 19.55pt; text-align: justify; line-height: 13pt">Under the terms of the Transaction, the Company acquired 100% of the issued and outstanding shares of Leagold at an exchange ratio of 0.331 of an Equinox Gold share for each Leagold share.&nbsp;&nbsp;Holders of Leagold options, warrants performance share units (&ldquo;PSUs&rdquo;) and deferred share units (&ldquo;DSUs&rdquo;) received equivalent Equinox Gold options, warrants, PSUs and DSUs with the number of such securities issuable adjusted by the 0.331 exchange ratio.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 0pt 19.55pt; text-align: justify; line-height: 13pt">By virtue of the Company issuing equity instruments and relative voting rights of Equinox Gold shareholders, including significant minority shareholders post-merger, among other factors, the Company has been identified as the acquirer in the transaction and has accounted for the transaction as a business combination. Transaction costs incurred in respect of the acquisition totaling $3.9 million, of which $2.6 million were incurred in 2020, were expensed and presented within professional fees in general and administration expense in the statement of income (loss) and comprehensive income (loss).</TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="padding: 0pt 2.15pt 6pt 19.55pt; text-align: justify; line-height: 13pt">The acquisition date fair value of the consideration transferred consisted of the following:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Purchase price:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 4%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 57%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Share consideration<SUP>(1)</SUP></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 3%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">732,042</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Option consideration<SUP>(2)</SUP></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">19,777</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Warrant consideration<SUP>(3)</SUP></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8,543</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">PSU and DSU consideration<SUP>(4)</SUP></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,721</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Total consideration</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; text-align: right; text-indent: 0in">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">764,083</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 37.4pt; text-align: justify; text-indent: -17.85pt"><FONT STYLE="font-size: 8pt"><SUP>(1)</SUP></FONT><SUP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></SUP><FONT STYLE="font-size: 8pt">The fair value of 94,635,765 common shares issued to Leagold shareholders was determined
        using the Company&rsquo;s share price of C$10.51 per share on the acquisition date.</FONT></P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 37.4pt; text-align: justify; text-indent: -17.85pt"><FONT STYLE="font-size: 8pt"><SUP>(2)</SUP></FONT><SUP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></SUP><FONT STYLE="font-size: 8pt">The fair value of 5,728,647 replacement options issued was determined using the Black-Scholes
        option pricing method with the following weighted average assumptions: exercise price of C$7.77, expected life of 2.07 years, annualized
        volatility of 60.2%, dividend yield of 0.0%, and discount rate of 0.54%.</FONT></P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 37.4pt; text-align: justify; text-indent: -17.85pt"><SUP>(3)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></SUP><FONT STYLE="font-size: 8pt">The fair value of 16,626,569 replacement warrants issued was determined using the Black-Scholes
        option pricing method with the following weighted average assumptions: exercise price of C$11.14, expected life of 0.32 years,
        annualized volatility of 44.1%, dividend yield of 0.0%, and discount rate of 0.69%. </FONT></P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 37.4pt; text-align: justify; text-indent: -17.85pt"><SUP>(4)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></SUP><FONT STYLE="font-size: 8pt">The fair value of 369,919 replacement PSUs and 319,288 replacement DSUs issued was determined
        using the Leagold share price of C$3.49 on the acquisition date, adjusted for the 0.331 exchange ratio. </FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Acquisition of Leagold (continued)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">The Company retained an
        independent appraiser to determine the fair value of assets acquired and liabilities assumed. The allocation is preliminary as
        there has not been sufficient time to complete the valuation process. The fair values are subject to change as the valuation work
        is finalized in the twelve months following the acquisition date.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">During the three months
        ended September 30, 2020, the Company reviewed its estimates of conversion costs for heap leach inventory and useful lives of certain
        plant and equipment at Los Filos as of the acquisition date. As a result of this review, the fair value of inventory at the acquisition
        date increased by $34.3 million, mineral properties, plant and equipment decreased by $44.2 million and deferred tax liabilities
        decreased by $9.8 million. The impact of these adjustments has been applied retrospectively and therefore, certain previously reported
        figures have been updated to reflect these adjustments.</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Reported as of March 31, 2020</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Adjustments</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Reported as of</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30, 2020</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Net assets (liabilities) acquired:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: left; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 4%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 57%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Cash and cash equivalents</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">55,252</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; width: 3%; padding-top: 1pt; padding-right: 2.9pt; text-align: right; text-indent: 0in">$</TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">55,252</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Trade and other receivables</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">33,524</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">33,524</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Inventory</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">90,082</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">34,332</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">124,414</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Mineral property, plant and equipment</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,350,794</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(44,157)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,306,637</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Other assets</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">21,432</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">21,432</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Accounts payable and accrued liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(88,490)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(88,490)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Loans and borrowings and accrued interest</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(323,870)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(323,870)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Derivative liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(78,526)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(78,526)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Reclamation obligations</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(69,487)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(69,487)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Deferred tax liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(195,628)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9,825</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(185,803)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Other liabilities</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(31,000)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(31,000)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Fair value of net assets acquired</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">764,083</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">764,083</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">In accordance with the acquisition
        method of accounting, the acquisition cost has been allocated on a preliminary basis to the underlying assets acquired and liabilities
        assumed, based primarily upon their estimated fair values at the date of acquisition. The preliminary fair values of mineral properties
        have been estimated using discounted cash flow models and the preliminary fair values of plant and equipment have been estimated
        using a replacement cost approach. Expected future cash flows are based on estimates of future gold prices and projected future
        revenues, estimated quantities of ore reserves and mineral resources, expected future production costs and capital expenditures
        based on life of mine plans at the acquisition date.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">As of the date of these
        condensed consolidated interim financial statements, the allocation of the Leagold Acquisition purchase price has not been finalized.
        Mineral properties, plant and equipment, tax contingencies in Brazil and Mexico, and deferred taxes are all subject to change.
        Any further adjustments made will be recognized in the period determined retrospectively and previous periods information will
        be revised.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="padding: 3pt 2.9pt 6pt 19.55pt; text-align: justify; line-height: 13pt">Consolidated revenue for the three and nine months ended September 30, 2020 includes revenue from the assets acquired in the Leagold Acquisition of $121.3 million and $247.4 million, respectively.&nbsp;&nbsp;Consolidated net income for the three months ended September 30, 2020 includes net income before tax from Leagold of $7.5 million, and for the nine months ended September 30, 2020 consolidated net loss includes net income before tax from Leagold of $16.0 million.&nbsp;&nbsp;Had the transaction occurred on January 1, 2020, pro-forma unaudited consolidated revenue and net loss before tax for the nine months ended September 30, 2020 would have been approximately $680 million and $31 million, respectively.</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 10; Value: 2 -->
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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding: 5pt 2.9pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Inventory</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 4%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 60%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">September 30,<BR>
2020</TD>
    <TD STYLE="width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">December 31,<BR>
2019</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Heap leach ore (current and non-current)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">268,826</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">158,598</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Less: Non-current portion of heap leach ore</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(124,100)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(141,578)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Current portion of heap leach ore</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">144,726</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">17,020</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Stockpiles</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9,331</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9,776</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Work-in-process</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">17,704</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6,366</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-indent: 0in">Supplies</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">38,393</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12,329</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-indent: 0in">Finished goods</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4,713</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">771</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Current inventory</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">214,867</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">46,262</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding: 3pt 2.9pt 6pt 19.55pt; text-align: justify; line-height: 13pt">Non-current inventory relates to heap leach ore at Mesquite not expected to be recovered in the next year.</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="14" STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Mineral properties, plant and equipment</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0">Mineral</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">properties<SUP>(1)</SUP></P></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Plant and</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">equipment<SUP>(1)</SUP></P></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Construction in-progress<SUP>(1)</SUP></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Other</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Total</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 4%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 35%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Cost</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 10%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 9%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Balance &ndash; December 31, 2018</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">86,740</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">80,234</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">153,171</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">555</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">320,700</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Additions</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">26,132</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(900)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">63,108</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,633</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">89,973</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Transfers</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">53,473</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">131,918</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">(195,328)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(9,937)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Transfer from exploration and evaluation assets</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">133,060</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">133,060</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Disposals</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(1,758)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(74)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(1,832)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Change in reclamation cost asset</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6,080</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6,080</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Balance &ndash; December 31, 2019</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">305,485</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">209,494</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">20,951</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,114</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">538,044</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Leagold Acquisition</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">874,555</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">403,238</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">28,525</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">319</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,306,637</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Additions</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">50,033</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">32,261</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">40,627</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">179</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">123,100</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Disposals</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(2)</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(2,330)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(2,332)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Change in reclamation cost asset</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">23,919</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">23,919</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Balance &ndash; September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,253,990</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">642,663</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">90,103</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,612</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,989,368</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-indent: 0in">Accumulated depreciation</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Balance &ndash; December 31, 2018</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">326</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,363</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">100</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,789</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Additions</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12,682</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">24,136</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">294</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">37,112</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Disposals</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(766)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(35)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(801)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Balance &ndash; December 31, 2019</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">13,008</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">26,733</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">359</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">40,100</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Additions</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">44,269</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">64,109</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">519</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">108,897</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Disposals</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(1,283)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(1,283)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Balance &ndash; September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">57,277</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">89,559</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">878</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">147,714</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Net book value:</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">At December 31, 2019</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">292,477</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">182,761</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">20,951</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,755</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">497,944</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">At September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,196,713</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">553,104</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">90,103</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,734</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,841,654</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="padding: 3pt 2.9pt 6pt 32.45pt; text-align: justify; text-indent: -12.85pt; font-size: 8pt"><SUP>(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></SUP>Cost balances as at December 31, 2018, 2019 cost additions, and 2019 cost transfers have been reclassified to conform with the current period presentation.</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;MINERAL
    PROPERTIES, PLANT AND EQUIPMENT (continued)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding: 3pt 2.9pt 6pt 4%; text-align: justify; line-height: 13pt">During the nine months ended September 30, 2020, the Company capitalized to construction-in-progress $38.6 million and $2.0 million of costs at Castle Mountain and Los Filos, respectively (nine months ended September 30, 2019 &ndash; $3.4 million for Castle Mountain). </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding: 3pt 2.9pt 6pt 4%; text-align: justify; line-height: 13pt">Certain of the Company&rsquo;s mining properties are subject to royalty arrangements based on their net smelter returns (&ldquo;NSR&rdquo;s) or gross revenues.&nbsp;&nbsp;At September 30, 2020, the Company&rsquo;s significant royalty arrangements were as follows:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 4%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 27%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Mineral property</TD>
    <TD STYLE="width: 69%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Royalty arrangements</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Mesquite</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">0.5%-7% NSR </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Los Filos</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">3% of gross sales at Xochipala concession</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Aurizona</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">1.5% of gross sales; 3%-5% sliding scale NSR based on gold price</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Fazenda</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">0.75%-1.5% of gross sales</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">RDM</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">1%-1.5% of gross sales</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Pilar</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">0.75-1.5% of gross sales</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Castle Mountain</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">2.65% NSR</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&nbsp;&nbsp;Loans and borrowings</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 4%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 47%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">Note</TD>
    <TD STYLE="vertical-align: top; width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 16%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">2020</P></TD>
    <TD STYLE="vertical-align: top; width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">&nbsp;</P>
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">&nbsp;</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 16%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.15pt; padding-left: 2.9pt"><P STYLE="margin-top: 0; margin-bottom: 0">December 31,</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">2019</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Credit Facility</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">7(a)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">289,169</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">116,625</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">2019 Convertible Notes</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">127,952</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">125,850</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">2020 Convertible Notes</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">7(b)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">126,001</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">-</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Standby Loan</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">12,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Debenture</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">9,574</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">543,122</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">264,049</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Less: Current portion of loans and borrowings</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">(6,667)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">(61,574)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Non-current portion of loans and borrowings</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">536,455</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">202,475</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding: 3pt 2.15pt 6pt 2%; text-align: justify; line-height: 13pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Credit Facility</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding-right: 2.15pt; padding-left: 4%">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">On March 10, 2020, in conjunction
        with the Leagold Acquisition, the Company amended its $130 million corporate revolving credit facility with a syndicate of lenders
        led by The Bank of Nova Scotia, Soci&eacute;t&eacute; G&eacute;n&eacute;rale, Bank of Montreal and ING Capital LLC. The amended
        credit facility is comprised of a $400 million revolving loan (the &ldquo;Revolving Facility&rdquo;) and $100 million amortizing
        term loan (the &ldquo;Term Loan&rdquo;) (together, the &ldquo;Credit Facility&rdquo;). On close of the Leagold Acquisition and
        concurrent financing, the Company drew the full amount of the Term Loan and an additional $100 million from the Revolving Facility.
        Proceeds from the draws were used to repay Leagold debt outstanding on the acquisition date. On March 24, 2020, the Company drew
        the remaining $180 million available under the Revolving Facility as a cautionary measure given the uncertainty regarding the potential
        impact of the COVID-19 pandemic on the Company&rsquo;s operations.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">The Credit Facility bears
        interest at an annual rate of LIBOR plus 2.5% to 3.75%, subject to certain leverage ratios. The Revolving Facility matures on March
        8, 2024, at which date it must be repaid in full and the Term Loan matures on March 10, 2025 with quarterly repayments equal to
        6.67% of principal beginning September 30, 2021 through to maturity.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">The Company determined that
        amending the corporate revolving credit facility to become the Credit Facility was a non-substantial modification of the existing
        outstanding debt. The Company recognized a gain on modification of debt of $2.6 million to reflect the adjusted amortized cost
        of the drawn portion of the Revolving Facility, recorded within other expense. Additional transaction costs of $9.2 million were
        incurred in relation to the Credit Facility and are recorded as a reduction to the carrying value of debt.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>loans
    anD borrowings (continued)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">In August 2020, the Company
        repaid $200 million principal under the Revolving Facility and recorded $2.7 million in finance expense due to accelerated recognition
        of deferred financing costs as a result of the change in timing of cash flows. The revised carrying value of debt outstanding is
        accreted to the principal amount over the respective terms of the Revolving Facility and Term Loan using a weighted average effective
        interest rate of 4.4%.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">The Credit Facility is secured
        by first-ranking security over all present and future property and assets of the Company. The Credit Facility is subject to standard
        conditions and covenants, including maintenance of debt service coverage ratio, leverage ratio and minimum liquidity of $50 million.
        As at September 30, 2020, the Company is in compliance with these covenants.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>2020 Convertible Notes</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">On March 10, 2020, the Company
        issued $130 million in Convertible Notes to Mubadala Investment Company (&ldquo;Mubadala&rdquo;) and on April 9, 2020, pursuant
        to a pre-existing investor rights agreement, the Company issued $9.3 million in additional convertibles notes (referred to together
        with the Mubadala notes as the &ldquo;2020 Notes&rdquo;) to Pacific Road Resources Funds (&ldquo;Pacific Road&rdquo;). Proceeds
        from the 2020 Notes and Credit Facility (note 7(a)) were used to repay $323.9 million principal and accrued interest outstanding
        under Leagold&rsquo;s debt facilities (note 4) at the acquisition date.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">The 2020 Notes mature on March
        10, 2025 and bear interest at a fixed rate of 4.75% per year payable quarterly in arrears. The 2020 Notes are convertible at the
        holder&rsquo;s option into common shares of the Company at a fixed conversion price of $7.80 per share. Holders may exercise their
        conversion option at any time, provided that the holder owns less than 20% of the outstanding common shares of the Company. On
        or after March 10, 2023, the Company has a call right that may be exercised if the 90-day volume weighted average price (&ldquo;VWAP&rdquo;)
        of the Company&rsquo;s shares exceeds $10.14 for a period of 30 consecutive days. If the call right is exercised, the holders would
        be required to either (i) exercise the conversion option on the remaining principal outstanding or (ii) demand cash payment from
        the Company subject to a predetermined formula based on the conversion price of $7.80 per share and the Company&rsquo;s share price
        at the time of redemption.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">Gross proceeds from the 2020
        Notes of $139.3 million was allocated to the debt and equity components. The fair value of the debt portion of $128.1 million was
        estimated using a discounted cash flow model based on an expected term of 5 years and a discount rate of 6.9%. The residual of
        $8.6 million ($11.7 million net of deferred tax expense of $3.1 million) was recognized in other equity reserves. The debt component
        is recorded at amortized cost, net of transaction costs, and is accreted to the principal amount over the term of the 2020 Notes
        using an effective interest rate of 7.3%. Transaction costs of $3.3 million were incurred and allocated on a pro-rata basis with
        $3.0 million allocated to the debt component and $0.3 million allocated to the equity component.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">Security for the 2020 Notes
        includes a charge on all assets of the Company and is subordinate to the Credit Facility.</P></TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>loans
    anD borrowings (continued)</TD></TR>
</TABLE>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 6pt 37.5pt; vertical-align: middle; text-align: center; text-indent: -0.25in; line-height: 13pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD>
    <TD COLSPAN="5" STYLE="padding-top: 3pt; padding-right: 2.15pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Loans and borrowings continuity</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="padding-right: 2.15pt; padding-left: 8%">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-right: 0; margin-bottom: 6pt; text-align: justify">In June 2020, the Company
        repaid in full the aggregate $24.1 million in principal and accrued interest due related to its Standby Loan and Debenture. The
        repayment of loan principal of $12.0 million and $1.7 million of accrued interest to the Company&rsquo;s Chairman, Ross Beaty,
        is a related party transaction.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-right: 0; margin-bottom: 6pt; text-align: justify">The following is a summary
        of the changes in loans and borrowings arising from investing and financing activities for the nine months ended September 30,
        2020:</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.8pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Balance &ndash; December 31, 2019</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">264,049</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Debt assumed in Leagold Acquisition, including accrued interest</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">323,870</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Modification gain and transaction costs incurred on Credit Facility</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(4,839)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">$380 million draw from Credit Facility, net of deferred financing costs</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">372,682</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Debt component of Convertible Notes, net of deferred financing costs</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">124,622</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Repayment of debt and accrued interest</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(547,463)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Accretion and accrued interest</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">10,201</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">Balance &ndash; September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">543,122</TD></TR>
<TR>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 62%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;derivative
financial instruments   </TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD>
    <TD COLSPAN="9" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Gold collars and forward contracts</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.9pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD>
    <TD COLSPAN="9" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt"><P STYLE="margin-top: 0; margin-bottom: 0">As part of the Leagold Acquisition (note 4), the Company assumed gold collar and forward contracts. The gold collars have put and call strike prices of $1,325 and $1,430 per ounce, respectively, for 3,750 ounces per month from acquisition to September 2022 for a total of 116,250 ounces. The forward swap contracts cover 4,583 ounces per month from acquisition to September 2022 for a total of 142,083 ounces, at an average fixed gold price of $1,350 per ounce. As of September 30, 2020, the Company had 90,000 ounces and 110,000 ounces remaining to be delivered under collars and forwards, respectively.</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">The gold collars and forward swap contracts have not been designated as hedges and are recorded at fair value at the end of each reporting period with changes in fair value recognized in other expense.</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">The fair value of gold collars and forward swap contracts at September 30, 2020 was a liability of $102.6 million, of which $51.0 million was recorded as current derivative liabilities. For the three and nine months ended September 30, 2020, the Company recognized the following within other expense (note 15):</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Nine months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Realized loss on settlement of gold contracts</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">13,398</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">23,019</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Unrealized loss on revaluation of gold contracts outstanding</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">10,160</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">24,083</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">23,558</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">47,102</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DERIVATIVE
    FINANCIAL INSTRUMENTS (continued)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></TD>
    <TD COLSPAN="17" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Foreign exchange contracts</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="18" STYLE="padding: 3pt 2.9pt 6pt 7%; text-align: justify; line-height: 13pt">As at September 30, 2020, the Company had in place USD:BRL and USD:MXP put and call options with the following notional amounts, weighted average maturity dates and rates:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">USD notional amount</TD>
    <TD COLSPAN="4" ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Call options&rsquo;</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">weighted average</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">strike price</P></TD>
    <TD COLSPAN="5" ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Put options&rsquo;</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">weighted average</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">strike price</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Currency</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Within 1 year</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: left; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1-2 years</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">BRL</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">126,441</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="4" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">30,337</TD>
    <TD COLSPAN="4" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.42</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.04</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">MXP</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">22,000</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8,000</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">21.75</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">26.01</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="18" STYLE="padding-right: 2.9pt; padding-left: 7%">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">The foreign exchange contracts
        have not been designated as hedges and are recorded at fair value at the end of each reporting period with changes in fair value
        recognized in other expense. The Company entered into these contracts at no premium and therefore incurred no investment costs
        at inception.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">The fair value of foreign
        exchange contracts at September 30, 2020 was a liability of $23.6 million, of which $21.2 million was recorded as current derivative
        liabilities. For the three and nine months ended September 30, 2020, the Company recognized the following within other expense
        (note 15):</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="text-align: right; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="text-align: right; border-top: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="7" STYLE="text-align: right; border-top: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0 0">Nine months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Realized loss on settlement of foreign exchange contracts</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">334</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">543</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">584</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">543</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Unrealized loss on revaluation of foreign exchange contracts outstanding </TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,675</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,594</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">25,232</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,594</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,009</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,137</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">25,816</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,137</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="17" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Warrant liability</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="18" STYLE="padding-right: 2.9pt; padding-left: 7%">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">The functional currency of
        the Company is the US dollar. As the exercise price of the Company&rsquo;s share purchase warrants (note 10(d)) is fixed in Canadian
        dollars, these warrants are considered a derivative as a variable amount of cash in the Company&rsquo;s functional currency will
        be received on exercise. Accordingly, these share purchase warrants are classified and accounted for as a derivative liability
        at fair value through net income or loss.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">The fair value of the warrants
        is determined using the Black Scholes option pricing model at the period-end date or the market price on the TSX for warrants that
        are trading.</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Balance &ndash; December 31, 2018</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">18,861</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Warrants exercised</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(868)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Change in fair value</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">38,153</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Balance &ndash; December 31, 2019</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">56,146</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Issued in Leagold Acquisition</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8,543</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Warrants exercised</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(43,389)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Change in fair value</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">47,334</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Balance &ndash; September 30, 2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">68,634</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="18" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 24%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;&nbsp;DERIVATIVE
    FINANCIAL INSTRUMENTS (continued)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding: 3pt 2.9pt 6pt 7%; text-align: justify; line-height: 13pt">The fair value of non-traded warrants was calculated with the following weighted average assumptions:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">September 30,<BR>
2020</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">December 31,<BR>
2019</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 7%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 57%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Risk-free rate</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.2%</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.7%</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Warrant expected life</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.2 years</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.2 years</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Expected volatility</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">52.0%</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">45.1%</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Expected dividend</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0%</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.0%</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Share price (C$)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$16.19</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$10.16</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding: 3pt 2.9pt 6pt 7%; text-align: justify; line-height: 13pt">The fair value of traded warrants was based on the market price of <FONT STYLE="background-color: white">C$0.82</FONT> per warrant on September 30, 2020 (December 31, 2019 &ndash; C$0.42).</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding: 5pt 2.9pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leases</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt">(a)</TD>
    <TD COLSPAN="5" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Right-of-use assets</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 7%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 58%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 4%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 14%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Plant and equipment</TD>
    <TD STYLE="width: 3%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 14%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Computer and office equipment</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Balance &ndash; December 31, 2018</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">229</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Additions</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">782</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">537</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Depreciation</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(202)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(225)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Balance &ndash; December 31, 2019</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">580</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">541</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Recognized in Leagold Acquisition</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">10,386</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">318</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Additions</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">13,613</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Depreciation</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(5,522)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(240)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Balance &ndash; September 30, 2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">19,057</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">619</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt">(b)</TD>
    <TD COLSPAN="5" STYLE="padding: 3pt 2.9pt 6pt 0; text-align: justify; line-height: 13pt">Lease liabilities</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">2020</P></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0 0">December 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">2019</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Current lease liabilities included in other current liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8,230</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">501</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Non-current lease liabilities included in other long-term liabilities</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">13,479</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">848</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">21,709</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,349</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding: 3pt 2.9pt 6pt 7%; text-align: justify; line-height: 13pt">In June 2020, the Company entered into a new lease agreement for the use of mining equipment in relation to contract mining at Castle Mountain for a period of four years. The Company makes fixed payments and additional variable lease payments depending on the usage of the assets during the contract period. On commencement of the lease, the Company recognized a $13.4 million right-of-use asset and related lease liability.</TD></TR>
</TABLE>
<P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 0.5in; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>SHARE CAPITAL</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Authorized and issued</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt"></TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">The Company is authorized to issue an unlimited number of common shares with no par value.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt">(b)</TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Share issuances</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt"></TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">During the nine months ended September 30, 2020, the Company issued 26,847,608 common shares for warrants and options exercised and received
proceeds of $174.8 million.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt"></TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">On March 10, 2020, in conjunction with the acquisition of Leagold and concurrent financings, the Company closed a non-brokered private
placement for 6,472,491 common shares of the Company at a price of $6.18 per share for gross proceeds of $40 million, including $36.0
million in common shares issued to the Company&rsquo;s Chairman, Ross Beaty, which is a related party transaction.&nbsp;&nbsp;The Company
incurred $0.1 million in share issuance costs.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt"></TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Pacific Road exercised its anti-dilution option pursuant to its investor rights agreement with the Company in relation to the issuance
of shares for the acquisition of Leagold.&nbsp;&nbsp;On April 9, 2020, the Company issued 461,947 common shares to Pacific Road at a price
of $6.18 per common share for proceeds of $2.9 million.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt">(c)</TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Share based compensation plans</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 37.5pt; text-align: center; text-indent: -0.25in; line-height: 13pt"></TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">The following table summarizes non-cash share-based compensation for the period:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="text-align: right; border-top: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="5" STYLE="text-align: right; border-top: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Nine months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Share purchase option expense</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">188</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">362</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">432</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,070</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">RSU expense</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,036</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">547</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,418</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,971</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">PSU expense</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,102</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,113</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">DSU expense</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">124</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">572</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Total compensation expense</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,450</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">909</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6,535</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,041</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Compensation expense included in:</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">General and administration</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,035</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">909</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5,341</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,041</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Operating expenses</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">317</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">898</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Exploration</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">98</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">296</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,450</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">909</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6,535</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,041</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 53.45pt; text-align: center; text-indent: -0.25in; line-height: 13pt">(i)</TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">Share purchase options</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: middle; padding: 3pt 2.9pt 6pt 53.45pt; text-align: center; text-indent: -0.25in; line-height: 13pt"></TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; text-align: justify; line-height: 13pt">During the nine months ended September 30, 2020, the Company granted 156,200 (nine months ended September 30, 2019 &ndash; 359,210) share
purchase options to directors, officers and employees of the Company.&nbsp;&nbsp;The fair value of options granted was determined using
the Black-Scholes option pricing model using the following weighted average assumptions:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Exercise price (C$)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$11.80</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$5.30</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Risk-free interest rate</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.4%</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.8%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Volatility</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">65.2%</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">65.7%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Dividend yield</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0%</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.0%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Expected life</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.0 years</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.0 years</TD></TR>
<TR>
    <TD STYLE="width: 7%">&nbsp;</TD>

    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5pt; padding-right: 2.15pt; padding-left: 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>SHARE
    CAPITAL (continued)</TD></TR>
</TABLE>




<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding: 3pt 2.9pt 6pt 7%; text-align: justify; line-height: 13pt">A summary of the Company&rsquo;s share purchase options is as follows:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Shares issuable on exercise of options</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0">Weighted</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">average exercise</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">price (C$)</P></TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; width: 7%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 48%; padding-top: 0.8pt; text-indent: 0in">Outstanding, December 31, 2018</TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: bottom; width: 11%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: bottom; width: 15%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,776,302</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 3%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 12%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.35</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Granted</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">359,210</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.30</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Exercised</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(240,895)</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.85</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Expired/forfeited</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(219,504)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">10.97</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; text-indent: 0in">Outstanding, December 31, 2019</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,675,113</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.99</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Issued in Leagold Acquisition</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5,728,647</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">7.77</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Granted</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">156,200</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11.80</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Exercised</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(5,246,178)</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">7.33</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Expired/forfeited</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(68,457)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">10.09</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 0.8pt; padding-left: 4.8pt; text-indent: -4.8pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; text-indent: 0in">Outstanding, September 30, 2020</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,245,325</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.90</TD></TR>
</TABLE>
<P STYLE="margin: 0"></p>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; padding: 3pt 2.9pt 6pt 7%; white-space: nowrap; width: 7%; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; font: 9pt/13pt Arial, Helvetica, Sans-Serif; padding-top: 3pt; padding-right: 2.9pt; padding-bottom: 6pt; white-space: nowrap; width: 93%; text-align: justify; border-bottom: Black 1.5pt solid">At September 30, 2020, the Company had the following options issued and outstanding:</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">Options Outstanding</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">Options Exercisable</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 7%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 13%; padding-top: 0.8pt; text-indent: 0in"><P STYLE="margin-top: 0; margin-bottom: 0">Range of</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">exercise price</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">(C$)</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; width: 13%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Number of options</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 2%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 19%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">Weighted average exercise price (C$)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 12%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Weighted average remaining contractual life (years)</TD>
    <TD STYLE="width: 2%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 13%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Number of options</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 3%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 12%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Weighted average exercise price (C$)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">$1.89 - $2.99</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">615,025</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">2.33</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.91</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">615,025</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.33</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">$3.00 - $4.99</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11,730</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">3.99</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.59</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11,730</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.99</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">$5.00 - $6.99</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,473,434</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">5.80</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.19</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,332,143</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.86</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">$7.00 - $8.99</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">687,374</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">8.37</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.51</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">687,374</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8.37</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">$9.00 - $17.15</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">457,762</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">14.47</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.11</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">301,562</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">15.86</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; white-space: nowrap; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3,245,325</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,947,834</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="white-space: nowrap; padding: 3pt 2.9pt 6pt 53.8pt; text-align: justify; line-height: 13pt">The weighted average exercise price of options exercisable at September 30, 2020, was C$5.92.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="white-space: nowrap; padding: 3pt 2.9pt 6pt 53.45pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Restricted share units</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="padding: 3pt 2.9pt 0pt 53.85pt; white-space: nowrap; text-align: justify; line-height: 13pt"><I>Equity settled RSUs</I></TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 9pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 53.85pt">During the nine months ended September 30, 2020, the Company
granted 373,847 (nine months ended September 30, 2019 &ndash; 607,360) RSUs to directors, officers and employees with a fair value
of $3.0 million (2019 &ndash; $1.8 million) based on the Company&rsquo;s share price on the date of grant.</P>

<P STYLE="text-align: justify; font: 9pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 53.85pt">During the nine months ended September 30, 2020, the Company
granted 213,600 (nine months ended September 30, 2019 &ndash; 123,740) pRSUs to officers and employees of the Company with a fair
value of $2.1 million (2019 &ndash; $0.8 million) based on the Company&rsquo;s share price on the date of grant. The pRSUs vest
in two tranches and the number of shares issued will range from 0% to 200% based on the achievement of gold production targets
and total shareholder return compared to the S&amp;P Gold Miners Index over a three-year period.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>SHARE
    CAPITAL (continued)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 6pt 5.95pt; white-space: nowrap; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 6pt">A continuity table of the equity settled RSUs and pRSUs outstanding is as follows:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt; width: 11%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt; width: 45%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right; width: 18%">RSUs</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right; width: 26%">pRSUs</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, December 31, 2018</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">543,276</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,142,544</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Granted</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">488,560</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">143,740</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Settled</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(220,289)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(129,706)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Forfeited</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(8,500)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(44,200)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, December 31, 2019</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">803,047</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,112,378</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Granted</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">373,847</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">213,600</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Settled</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(416,569)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(151,006)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Forfeited</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(4,750)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(740)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">755,575</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,174,232</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 6pt 5.95pt; white-space: nowrap; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt 12pt 5.95pt; text-indent: -5.95pt"><I>Cash settled RSUs</I></TD>
    <TD STYLE="padding: 1pt 2.9pt 6pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 6pt 5.95pt; white-space: nowrap; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt 6pt 5.95pt; text-indent: -5.95pt">A continuity table of the cash settled RSUs outstanding is as follows:</TD>
    <TD STYLE="padding: 1pt 2.9pt 6pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">RSUs outstanding</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, December 31, 2018</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Granted</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">168,800</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, December 31, 2019</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">168,800</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Granted</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">78,900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Settled</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(65,900)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Forfeited</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(37,000)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">144,800</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 6pt 5.95pt; white-space: nowrap; text-indent: -5.95pt"></TD>
    <TD COLSPAN="3" STYLE="padding-top: 6pt; padding-right: 2.9pt; padding-bottom: 6pt">The total fair value of cash settled RSUs outstanding as at September 30, 2020 was $1.2 million (December 31, 2019 &ndash; $0.2 million) and is included in other liabilities.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5pt 6pt 5.95pt; vertical-align: top; text-align: right; white-space: nowrap">(iii)</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 6pt">Performance share units</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; text-align: center; padding: 1pt 2.9pt 6pt 5.95pt; white-space: nowrap"></TD>
    <TD COLSPAN="3" STYLE="text-align: justify; padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 6pt">As part of the Leagold Acquisition (note 4), the Company issued 369,915 replacement performance share units (&ldquo;PSUs&rdquo;) under
Leagold&rsquo;s PSU plan. The PSUs vest in three tranches based on the achievement of certain gold production targets at the Los Filos,
Fazenda, RDM, Pilar and Santa Luz mines and are payable in cash. All unvested PSUs expire on December 31 of the third year following the
calendar year in which the PSUs were granted. The fair value of the PSUs is based on the current share price and reflects management&rsquo;s
best estimates of the probability that gold production targets will be achieved.</TD></TR>
</TABLE>
<P STYLE="padding-right: 10pt; font: 9pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 11%; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; text-align: center; padding: 1pt 2.9pt 6pt 5.95pt; white-space: nowrap"></TD>
    <TD COLSPAN="3" STYLE="text-align: justify; padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 6pt">A continuity table of the PSUs outstanding is as follows:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 11%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 45%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 26%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">PSUs outstanding</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, December 31, 2019</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Issued in Leagold Acquisition</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">369,915</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Settled</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(72,533)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Forfeited</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(14,506)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">282,876</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 6pt 2.9pt 6pt 5.95pt; vertical-align: top; text-align: center; white-space: nowrap"></TD>
    <TD COLSPAN="3" STYLE="text-align: justify; padding-top: 6pt; padding-right: 2.9pt; padding-bottom: 6pt">The total fair value of PSUs outstanding as at September 30, 2020 was $2.8 million (December 31, 2019 &ndash; $nil) and is included in
other liabilities.</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 19; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>SHARE
    CAPITAL (continued)</TD></TR>
</TABLE>


<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 0 6%; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5pt 6pt 5.95pt; text-align: right; white-space: nowrap">(iv)</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 6pt">Deferred share units</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 6pt 5.95pt; white-space: nowrap; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 6pt">As part of the Leagold Acquisition (note 4), the Company issued 319,286 replacement deferred share units (&ldquo;DSUs&rdquo;) to non-executive directors of Leagold. The DSUs are redeemable for 90 days from the date a director ceases to be a member of the Board.&nbsp;&nbsp;Units are settled in cash based on the common share price at the date of settlement.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 6pt 5.95pt; white-space: nowrap; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 6pt 5.95pt; text-indent: -5.95pt">A continuity table of the DSUs outstanding is as follows:</TD>
    <TD STYLE="padding: 1pt 2.9pt 6pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 13%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; width: 56%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; width: 31%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">DSUs outstanding</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, December 31, 2019</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Issued in Leagold Acquisition</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">319,286</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Issued</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8,266</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Redeemed</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(173,773)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Outstanding, September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">153,779</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 6pt 2.9pt 6pt 5.95pt; white-space: nowrap; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 6pt 2.9pt 6pt 5.95pt; text-align: justify; text-indent: -5.95pt">The total fair value of DSUs outstanding as at September 30, 2020 was $1.8 million (December 31, 2019 &ndash; $nil) and is included in other liabilities.</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(d)</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-bottom: 6pt; width: 89%; padding-right: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Share purchase warrants</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">A continuity of the Company&rsquo;s share purchase warrants is as follows:</FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Shares issuable on exercise of warrants</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Weighted average exercise price (C$)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 11%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 47%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Outstanding, December 31, 2018</TD>
    <TD STYLE="width: 13%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">24,565,862</TD>
    <TD STYLE="width: 3%; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="width: 12%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11.90</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Exercised</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(363,235)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.36</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Expired</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(151,437)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">14.60</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Outstanding, December 31, 2019</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">24,051,190</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12.00</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Issued in Leagold Acquisition</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">16,626,569</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11.14</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Exercised</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(20,881,989)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9.48</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Expired</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(667,480)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">13.14</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Outstanding, September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">19,128,290</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">13.95</TD></TR>
</TABLE>
<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 0 6%; text-align: justify"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; padding-left: 11%; white-space: nowrap; width: 100%; padding-top: 6pt; padding-bottom: 6pt; text-align: justify">At September 30, 2020, the Company had the following share purchase warrants issued and outstanding:</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-indent: 0in">Range of exercise price (C$)<SUP>(1)</SUP></TD>
    <TD STYLE="border-top: Black 1.5pt solid; text-align: right; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; vertical-align: bottom">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">Shares issuable on exercise</P>
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">of warrants</P></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Weighted average exercise price (C$)<SUP>(1)</SUP></TD>
    <TD STYLE="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">Expiry dates</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 11%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt">$3.67 - $4.99</TD>
    <TD STYLE="width: 25%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">317,454</TD>
    <TD STYLE="width: 2%; padding-top: 0.8pt; text-align: right; text-indent: 0in">$</TD>
    <TD STYLE="width: 13%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">3.67</TD>
    <TD STYLE="width: 36%; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">May 2021</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt">$5.00 - $9.99</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">910,543</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">5.67</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">March 2021 &ndash; May 2023</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt">$10.00 - $14.99</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,872,407</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">10.93</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">December 2020 &ndash; March 2022</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt">$15.00</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">16,027,886</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">15.00</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">October 2021</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">19,128,290</TD>
    <TD STYLE="padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; padding-top: 4pt; font: 11pt Calibri, Helvetica, Sans-Serif; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 4pt; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 4pt; width: 85%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">17,804,286 warrants with a weighted average exercise price
of $14.21 are exercisable into one common share of Equinox Gold and one-quarter of a share of Solaris Resources Inc. (&ldquo;Solaris&rdquo;).
Equinox Gold will receive nine-tenths of the proceeds from the exercise of each of these warrants and the remaining proceeds will
be paid to Solaris.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 0 6%; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 0 6%; text-align: justify"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif"></FONT></P>


<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 20; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="padding: 5pt 5.4pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;REvenue</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; text-align: right; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-bottom: 6pt; text-align: justify; padding-top: 0.8pt">Revenues from contracts with customers disaggregated by metal were as follows:</TD>
    <TD COLSPAN="4" STYLE="padding-bottom: 6pt; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 0.8pt 0 0">Nine months ended</P>
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 0.8pt 0 0">September 30,</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 2%; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">2020</TD>
    <TD STYLE="text-align: right; width: 2%; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2019</TD>
    <TD STYLE="text-align: right; width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 2%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2019</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Gold</TD>
    <TD STYLE="text-align: right; padding-top: 0.8pt; text-indent: 0in">$</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">243,929</TD>
    <TD STYLE="text-align: right; padding-top: 0.8pt; text-indent: 0in">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">91,896</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">588,807</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">162,677</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Silver</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">525</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">-</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">1,069</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: left">Total revenue &nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-indent: 0in">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">244,454</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-indent: 0in">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">91,896</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">589,876</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">162,677</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; text-align: right; padding-top: 6pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-bottom: 6pt; text-align: justify; padding-top: 6pt">(a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp; </FONT>&nbsp;Gold offtake arrangement</TD>
    <TD COLSPAN="4" STYLE="padding: 6pt 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding: 3pt 5.4pt 6pt 7%; text-align: justify; line-height: 13pt">As part of the Leagold Acquisition, the Company assumed offtake arrangements with Orion Mine Finance (&ldquo;Orion&rdquo;) that provides for gold offtake of 50% of the gold production from Los Filos and 35% of the gold production from the Fazenda, RDM, Pilar and Santa Luz mines at market prices, until a cumulative delivery of 1.1 million ounces and 0.7 million ounces, respectively, to Orion. As at September 30, 2020, a total of 0.3 million ounces had been delivered to Orion under the terms of the offtake arrangements.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; text-align: right; padding-top: 6pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-bottom: 6pt; text-align: justify; padding-top: 6pt">(b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp; </FONT>&nbsp;Silver streaming arrangement</TD>
    <TD COLSPAN="4" STYLE="padding: 6pt 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding: 3pt 5.4pt 6pt 7%; text-align: justify; line-height: 13pt">As part of the Leagold Acquisition, the Company assumed a silver streaming agreement with Wheaton Precious Metals Corp. (&ldquo;WPM&rdquo;) under which the Company must sell to WPM a minimum of 5 million payable silver ounces produced by Los Filos from August 5, 2010 to the earlier of the termination of the agreement or October 15, 2029 at the lesser of $3.90 per ounce or the prevailing market price, subject to an inflationary adjustment.&nbsp;&nbsp;The contract price is revised each year on the anniversary date of the contract, which at acquisition was $4.43 per ounce. As at September 30, 2020, a total of 1.9 million ounces had been delivered to WPM under the terms of the streaming agreement.</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="padding: 5pt 5.4pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;operating expenses</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="padding: 3pt 5.4pt 6pt 4%; text-align: justify; line-height: 13pt">Operating expenses consist of the following components by nature:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: right; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="4" STYLE="text-align: right; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">Nine months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">September 30,</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">2020</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2019</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">2020</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2019</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Raw materials and consumables</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">$</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">49,721</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">25,317</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">116,783</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">60,253</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Salaries and employee benefits</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">27,089</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,839</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">59,510</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">23,861</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Contractors</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">22,998</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">9,502</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">54,557</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">15,460</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Repairs and maintenance</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">10,109</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4,474</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">24,749</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,450</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Site administration</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">13,865</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3,813</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">29,114</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6,255</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Royalties</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">6,416</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3,447</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">16,062</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5,346</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">130,198</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">57,392</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">300,775</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">124,625</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Less: Change in inventories</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">(19,813)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">(7,474) </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">(16,389)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">(26,550)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Total operating expenses</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">110,385</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">49,918</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">284,386</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">98,075</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 21; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding: 5pt 5.4pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;Care and Maintenance</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 4%">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">The Company&rsquo;s Santa
        Luz Mine is on care and maintenance. During the three and nine months ended September 30, 2020, the Company incurred $0.8 million
        and $1.8 million, respectively, in care and maintenance costs at Santa Luz (three and nine months ended September 30, 2019 &ndash;
        $nil).</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">Included in care and maintenance
        for the nine months ended September 30, 2020 was $18.2 million in mine standby costs (three months ended September 30, 2020 and
        three and nine months ended September 30, 2019 &ndash; $nil) resulting from government mandated shutdowns due to the COVID-19 pandemic
        at its operations in Mexico (three months ended September 30, 2020 &ndash; $nil; nine months ended September 30, 2020 &ndash; $15.3
        million) and certain mines in Brazil (three months ended September 30, 2020 &ndash; $nil; nine months ended September 30, 2020
        &ndash; $2.9 million).</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt; text-align: justify">In September 2020, the Company
        temporarily suspended operations at Los Filos as a result of a community blockade. During the three and nine months ended September
        30, 2020, the Company incurred $11.2 million in care and maintenance costs related to the temporary suspension.</P></TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="11" STYLE="padding: 5pt 5.4pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</FONT>General and administration</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="11" STYLE="padding: 3pt 5.4pt 6pt 4%; text-align: justify; line-height: 13pt">General and administration expenses for the Company consists of the following components by nature:</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: right; vertical-align: bottom; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="4" STYLE="text-align: right; vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">Nine months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">September 30,</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 4%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 41%; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">Note</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 2%; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 2%; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">2019</TD>
    <TD STYLE="text-align: right; vertical-align: top; width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 10%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 2%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 10%; padding-top: 0.8pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2019</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Salaries and benefits</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">$</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">2,224</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">$</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">775</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5,589</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2,829</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Share-based compensation</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">10(c)</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">2,035</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">909</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5,341</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3,041</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Professional fees</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">4</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">1,623</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">602</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7,185</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1,521</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Office and other expenses</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">2,035</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">932</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5,985</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2,483</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Amortization</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">225</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-top: 0.8pt; text-align: right; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">100</TD>
    <TD STYLE="text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">641</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-top: 0.8pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">243</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Total general and administration</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: right; text-indent: 0in">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">8,142</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: right; text-indent: 0in">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt">3,318</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">24,741</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10,117</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="11" STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;Other income (expense)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="11" STYLE="padding: 3pt 2.15pt 6pt 4%; text-align: justify; line-height: 13pt">Other income (expense) consists of the following components:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: right; border-top: Black 1pt solid; padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="4" STYLE="text-align: right; border-top: Black 1pt solid; padding-right: 2.15pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">Nine months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">September 30,</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 4%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 7%; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">Note</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="width: 3%; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2019</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">2019</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Foreign exchange gain (loss)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">738</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(58)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">14,130</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1,371</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Realized and unrealized losses on gold contracts</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">8(a)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(23,558)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(47,102)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Change in fair value of warrants</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">8(c)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(8,596)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(7,408)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(47,334)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(11,387)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Realized and unrealized losses on foreign exchange contracts</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">8(b)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(3,009)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(2,137)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(25,817)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(2,137)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Expected credit (losses) recovery</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">412</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">261</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(6,074)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">224</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Loss from equity investment</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(857)</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(330)</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(2,282)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(330)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Other</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(4,647)</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">1</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(3,483)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(12,361)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Total other expense</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(39,517)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.8pt; text-align: center; text-indent: 0in">$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(9,671)</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(117,962)</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 2.9pt; text-align: right">(24,620)</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 22; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="white-space: nowrap; padding: 5pt 2.9pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;</FONT>Basic and diluted earnings per share</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="padding: 3pt 2.9pt 6pt 4%; white-space: nowrap; text-align: justify; line-height: 13pt">Earnings (loss) per share, calculated on a basic and diluted basis, is as follows:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">Three months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">September 30, 2020</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">September 30, 2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Weighted average shares outstanding</TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Net income </TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Earnings per share</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Weighted average shares outstanding</TD>
    <TD COLSPAN="3" STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Net Income</TD>
    <TD COLSPAN="3" STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Earnings per share</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Basic EPS</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">241,249,679</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11,812</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">&nbsp; $</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.05</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">113,288,119</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8,057</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.07</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Dilutive share options</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,996,020</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,071,023</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Dilutive RSUs</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">820,416</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">787,106</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Convertible notes</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">26,602,030</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,746</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Diluted EPS</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">244,066,116</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11,812</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.05</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">141,748,278</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9,803</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.07</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">Nine months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">September 30, 2020</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">September 30, 2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Weighted average shares outstanding</TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Net loss</TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Loss per share</TD>
    <TD COLSPAN="2" STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Weighted average shares outstanding</TD>
    <TD COLSPAN="3" STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Net loss</TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">Loss per share</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Basic and diluted EPS</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">202,538,753</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(44,534)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(0.22)</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">111,523,430</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(9,852)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(0.09)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 4%; text-align: justify">For the three months ended September 30, 2020, 19.1 million
warrants, 0.2 million options and 44.5 million shares issuable for convertible notes (three months ended September 30, 2019 &ndash;
24.2 million warrants and 0.5 million options) were anti-dilutive.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="padding: 5pt 5.4pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;Supplemental Cash Flow Information</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="font: 11pt/13pt Calibri, Helvetica, Sans-Serif; padding-top: 3pt; padding-bottom: 6pt; padding-left: 4%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">During the three and nine months ended September 30, the Company conducted the following non-cash investing and financing transactions:</FONT></TD></TR>
<TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right; vertical-align: top; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Three months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">September 30,</P></TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">Nine months ended</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">September 30,</P></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; width: 4%; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 47%; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 4.95pt; text-align: center; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 2%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 10%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2020</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 2%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 10%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2019</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 2%; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 10%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2020</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 2%; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 10%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2019</FONT></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; width: 1%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Shares, options, warrants, DSUs and PSUs issued in acquisition of Leagold</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">$</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">$</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">$</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">764,083</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">$</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Non-cash changes in accounts payable in relation to capital expenditures</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(10,532)</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(9,221)</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(14,587)</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(15,574)</FONT></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Recoverable taxes reclassified from mineral property, plant and equipment to accounts receivable and other assets</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(8,641)</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(8,641)</FONT></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Shares issued to settle debt</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">10,110</FONT></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Non-cash proceeds from sale of Elk Gold</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,431</FONT></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Right-of-use assets recognized</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">167</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">13,613</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">537</FONT></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 23; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="14" STYLE="vertical-align: top; padding: 5pt 2.9pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>&nbsp;&nbsp;&nbsp;Segment information</TD>
    </TR>
<TR>
    <TD COLSPAN="14" STYLE="padding-bottom: 6pt; vertical-align: bottom; padding-right: 2.9pt; padding-left: 4%; text-align: justify">The Company manages its operating segments by operating mines and development projects.&nbsp; Results from operations for these segments are summarized below: &nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: left"><FONT STYLE="font-size: 8.5pt">Three months ended September 30, 2020</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Revenue</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Operating expenses</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Depreciation</P>
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">and depletion</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Exploration expenses</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Other expenses</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Income (loss) from operations</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Mesquite</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">59,639</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(30,399)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(4,142)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">25,098</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Aurizona</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">63,469</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(22,460)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(10,620)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(1,631)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">28,758</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Los Filos</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">37,217</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(19,559)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(5,368)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(55)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(11,230)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">1,005</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">RDM</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">35,747</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(15,834)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(7,084)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(9)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">12,820</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Other operating mines<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">48,382</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(22,133)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(9,165)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">17,084</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Development projects<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(1,173)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(845)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(2,018)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Corporate and other</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(8,136)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(8,136)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">244,454</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(110,385)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(36,379)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(2,868)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(20,211)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">74,611</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: left"><FONT STYLE="font-size: 8.5pt">Three months ended September 30, 2019</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Revenue</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Operating expenses</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Depreciation</P>
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">and depletion</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Exploration expenses</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Other expenses</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Income (loss) from operations</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Mesquite</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">46,194</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(25,662)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(3,865)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">16,667</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Aurizona</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">45,702</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(24,255)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(7,328)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(252)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">13,867</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Development projects<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(691)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(691)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Corporate and other</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(3,318)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(3,318)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">91,896</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(49,917)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(11,193)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(943)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(3,318)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">26,525</FONT></TD></TR>
<TR>
    <TD COLSPAN="14" STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0 37.6pt; text-align: justify; text-indent: -0.25in"><SUP>(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></SUP>Includes Fazenda and Pilar, which were both acquired March 10, 2020.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 37.6pt; text-align: justify; text-indent: -0.25in"><SUP>(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></SUP>Includes Castle Mountain and Santa Luz, which was acquired on March 10, 2020.</P></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    </TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 24; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>segment
    information (CONTINUED)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="20" STYLE="border-top: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: left"><FONT STYLE="font-size: 8.5pt">Nine months ended September 30, 2020</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Revenue</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Operating expenses</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Depreciation</P>
        <P STYLE="text-align: right; font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">and depletion</P></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Exploration expenses</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Other expenses</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Income (loss) from operations</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Mesquite</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">184,458</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(98,735)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(14,411)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">71,312</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Aurizona</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">158,023</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(69,076)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(29,933)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(3,609)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">55,405</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Los Filos</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">79,461</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(39,008)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(9,112)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(159)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(26,500)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">4,682</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">RDM</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">72,498</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(30,580)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(15,653)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(937)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">25,328</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Other operating mines<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">95,436</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(46,987)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(18,993)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(1,945)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">27,511</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Development projects<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(5,693)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(1,794)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(7,487)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Corporate and other</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(24,741)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(24,741)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">589,876</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(284,386)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(88,102) </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(9,461) </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(55,917) </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">152,010</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="20" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: left"><FONT STYLE="font-size: 8.5pt">Nine months ended September 30, 2019</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Revenue</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Operating expenses</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">Depreciation</P>
        <P STYLE="text-align: right; font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 1pt 0 0">and depletion</P></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Exploration expenses</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Other expenses</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">Income (loss) from operations</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Mesquite</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">116,975</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(73,820)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(11,896)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">31,259</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Aurizona</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">45,702</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(24,255)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(7,328)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(757)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">13,362</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Development projects<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(4,270)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(4,270)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">Corporate and other<SUP>(3)</SUP></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(2,003)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(10,117)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(12,120)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">162,677</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(98,075)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(19,224)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(7,030)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">(10,117)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 8.5pt">$</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><FONT STYLE="font-size: 8.5pt">28,231</FONT></TD></TR>
<TR>
    <TD COLSPAN="21" STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0 37.8pt; text-align: justify; text-indent: -0.25in"><SUP>(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></SUP>Includes Fazenda and Pilar, which were both acquired March 10, 2020.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 37.6pt; text-align: justify; text-indent: -0.25in"><SUP>(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></SUP>Includes Castle Mountain and Santa Luz, which was acquired on March 10, 2020.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 37.6pt; text-align: justify; text-indent: -0.25in"><SUP>(3)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></SUP>Includes results for Gold Mountain, which was disposed of in May 2019 and Solaris, which was deconsolidated effective
        June 30, 2019.</P></TD>
    </TR>
<TR>
    <TD COLSPAN="21" STYLE="vertical-align: bottom; padding: 3pt 2.9pt 6pt 19.55pt; text-align: justify; line-height: 13pt">Information about the carrying amount of the Company&rsquo;s assets and liabilities by operating segment is detailed below:</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">Total assets</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: center; text-indent: -5.95pt">Total liabilities</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">September 30,</TD>
    <TD COLSPAN="4" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">December 31,</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">September 30,</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">December 31,</TD>
    </TR>
<TR>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">2020</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019<SUP>(1)</SUP></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Los Filos</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">1,019,252</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">(274,240)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Aurizona</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">322,663</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">380,641</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">(47,655)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(55,625)</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Mesquite</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">248,740</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">247,797</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">(33,333)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(38,190)</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">RDM</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">181,127</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">(25,951)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Other operating mines</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">214,013</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">(66,038)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Development projects</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">429,028</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">158,127</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">(28,134)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(11,231)</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Corporate and other</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">189,533</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">52,785</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">(751,258)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(331,245)</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">2,604,356</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">839,350</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="3" STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">(1,226,609)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(436,291)</TD>
    </TR>
<TR>
    <TD COLSPAN="21" STYLE="vertical-align: bottom; padding: 3pt 2.9pt 6pt 32.45pt; text-align: justify; text-indent: -13.55pt; font-size: 8pt"><SUP>(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></SUP>Total liabilities balances as at December 31, 2019 for Mesquite and Corporate and other have been reclassified to conform with the current period presentation.</TD>
    </TR>
<TR>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    </TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 25; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>SEGMENT
    INFORMATION (continued)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding: 3pt 2.9pt 6pt 19.55pt; text-align: justify; line-height: 13pt">Information about the Company&rsquo;s non-current assets by jurisdiction is detailed below:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">September 30,</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; width: 4%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 42%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 3%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 13%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 11%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Mexico</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">869,612</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Brazil</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">741,544</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">310,241</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">378,113</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">347,784</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Canada</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">17,702</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt">32,669</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 2.9pt">2,006,971</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 2.9pt; padding-left: 2.9pt">690,694</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 5pt 2.9pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>Financial risk Management</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.9pt 6pt 19.55pt; text-align: justify; line-height: 13pt">The Company&rsquo;s activities expose it to a variety of financial risks. Significant changes to the Company&rsquo;s financial risks and overall risk management program as at September 30, 2020 are as follows:&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.9pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Interest rate risk</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 0.5in; text-align: justify">Interest on the Company&rsquo;s Revolving Facility and Term Loan is variable based on LIBOR.&nbsp; Borrowings at variable rates of interest expose the Company to interest rate risk.&nbsp; At September 30, 2020, $200 million is outstanding under the Revolving Facility and $100 million is outstanding under the Term Loan.&nbsp; A 100-basis point change in interest rates at the reporting date would have a $2.6 million impact on net income on an annualized basis.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.9pt 6pt 37.5pt; text-align: justify; text-indent: -0.25in; line-height: 13pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Liquidity risk</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.9pt 6pt 0.5in; text-align: justify; line-height: 13pt">Liquidity risk is the risk that the Company will not be able to meets its financial obligations as they become due.&nbsp;&nbsp;In March 2020, the Company drew $180 million under its Revolving Facility as a cautionary measure given the uncertainty regarding the impact of the COVID-19 pandemic.&nbsp;&nbsp;The Company had no immediate need for the funds and in August 2020, the Company repaid $200 million principal on the Revolving Facility. However, management cannot accurately predict the impact COVID-19 will have on the Company&rsquo;s operations, the fair value of the Company&rsquo;s assets, its ability to obtain financing, third parties&rsquo; ability to meet their obligations with the Company and the length of travel and quarantine restrictions imposed by governments of the countries in which the Company operates.&nbsp;&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 5pt 2.9pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">20.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>Fair value measurements</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.9pt 6pt 19.55pt; text-align: justify; line-height: 13pt">Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.&nbsp;&nbsp;The fair value hierarchy establishes three levels in which to classify the inputs of valuation techniques used to measure fair values.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.9pt 6pt 30pt; text-align: justify; line-height: 13pt">Level 1 &ndash; quoted market prices (unadjusted) in active markets for identical assets or liabilities.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; padding-right: 2.9pt; padding-left: 30pt; text-align: justify">Level 2 &ndash; inputs other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly, such as prices, or indirectly (derived from prices).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.9pt 6pt 30pt; text-align: justify; line-height: 13pt">Level 3 &ndash; inputs are unobservable (supported by little or no market activity) such as non-corroborative indicative prices for a particular instrument provided by a third party.&nbsp;&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 26; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">20.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>fair
    value measurements (continued)</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.45pt; text-align: justify">As at September 30, 2020,
        marketable securities and traded warrants are measured at fair value using Level 1 inputs and non-traded warrants, gold collars
        and forwards and foreign exchange contracts are measured at fair value using Level 2 inputs. The fair values of the long-term receivables,
        Convertible Notes, Debenture, Credit Facility, and Standby Loan, for disclosure purposes, are determined using Level 2 inputs.
        The carrying values of cash and cash equivalents, accounts receivable, reclamation bond, and accounts payable and accrued liabilities
        approximate fair value due to their short terms to maturity. The Company has no financial instruments classified as Level 3.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.45pt; text-align: justify">The fair value of marketable
        securities is measured based on the quoted market price of the related common shares at each reporting date, and changes in fair
        value are recognized in net income (loss).</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.45pt; text-align: justify">The fair value of the traded
        warrants is measured based on the quoted market price of the warrants at each reporting date. The fair value of the non-traded
        warrants is determined using an option pricing formula (note 8(c)). The fair value of gold collars and forward swaps and foreign
        exchange contracts are measured based on forward gold prices and forward foreign exchange rates, respectively. There were no transfers
        between fair value levels during the year.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding: 3pt 2.9pt 6pt 19.45pt; text-align: justify; line-height: 13pt">The following table provides the fair value of each classification of financial instrument:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 4%; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 61%; border-top: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="width: 2%; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">September 30,</TD>
    <TD STYLE="width: 2%; border-top: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">December 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Financial assets not measured at FVTPL:</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Cash and cash equivalents</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">310,719</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">67,716</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Restricted cash</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4,903</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">15,285</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Trade receivables</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">7,619</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Receivable from Serabi</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9,266</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12,033</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Long-term receivables</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5,300</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11,986</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Reclamation bonds and other receivables</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">136</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">577</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-indent: -5.95pt">Financial assets at FVTPL:</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Marketable securities</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,479</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">988</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 14.85pt; text-indent: -5.95pt">Foreign exchange contracts</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,640</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Total financial assets</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">340,422</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">110,225</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Financial liabilities at FVTPL:</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Traded warrants</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">49,322</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">26,056</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Non-traded warrants</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">19,311</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">30,090</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Gold collars and forwards</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">102,609</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Foreign exchange contracts</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">23,592</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Other:</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Accounts payable and accrued liabilities</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">99,805</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">67,047</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Convertible Notes</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">365,344</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">137,995</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Credit Facility</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">300,907</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">120,225</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Debenture</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">10,061</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Standby Loan</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">13,252</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 12.45pt; text-indent: -4.95pt">Other liabilities</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,795</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Total financial liabilities</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">960,890</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">406,521</TD></TR>
</TABLE>
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        <P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">&nbsp;</P></TD></TR>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;<IMG SRC="logo_header.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt"><P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">Notes to Condensed Consolidated Interim Financial Statements</P><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">(Unaudited, tables expressed in thousands of United States dollars, except share and per share amounts)</P><P STYLE="margin: 0; font: 9pt/107% Arial, Helvetica, Sans-Serif">For the three and nine months ended September 30, 2020 and 2019</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="padding: 5pt 2.9pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold">21.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>Commitments and contingencies</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="padding: 3pt 2.9pt 6pt 19.45pt; text-align: justify; line-height: 13pt">At September 30, 2020, the Company had the following contractual obligations outstanding which are expected to be settled in the time periods indicated: &nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 4%; padding-left: 2.9pt; font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 26%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Total</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Within 1<BR>
year</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1-2 years</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2-3 years</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3-4<BR>
years</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4&ndash;5 years</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">Thereafter</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.55pt; text-indent: -7.55pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Loans and borrowings and accrued interest</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">687,111</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">31,931</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">56,128</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">56,077</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">385,570</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">157,405</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">$</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.55pt; text-indent: -7.55pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Accounts payable and accrued liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">101,739</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">101,739</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.55pt; text-indent: -7.55pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Reclamation obligations<SUP>(1)</SUP></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">147,139</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5,230</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6,768</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9,861</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">7,892</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8,476</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">108,912</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.55pt; text-indent: -7.55pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Purchase commitments</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">52,144</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">43,441</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8,420</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">206</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">62</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">7</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.55pt; text-indent: -7.55pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Gold contracts</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">102,609</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">50,991</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">51,618</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.55pt; text-indent: -7.55pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Foreign exchange contracts</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">23,592</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">21,168</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,424</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-left: 4.95pt; text-align: right; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.55pt; text-indent: -7.55pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Lease commitments</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">17,018</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5,675</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4,284</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4,264</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,793</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.55pt; text-indent: -7.55pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-indent: -4.95pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,131,352</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">260,175</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">129,642</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">70,408</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">396,317</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">165,890</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-left: 4.95pt; text-align: left; text-indent: -4.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.8pt; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">108,920</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="padding: 3pt 2.9pt 6pt 37.45pt; text-align: justify; text-indent: -0.25in; font-size: 8pt">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Amount represents undiscounted future cash flows.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">Due to the nature of the
        Company&rsquo;s operations, various legal, tax, environmental and regulatory matters are outstanding from time to time. By their
        nature, contingencies will only be resolved when one or more future events occur or fail to occur. The assessment of contingencies
        inherently involves the exercise of significant judgement and estimates of the outcome of future events. While the outcomes of
        these matters are uncertain, based upon the information currently available, the Company does not believe that these matters in
        aggregate will have a material adverse effect on its consolidated financial statements. In the event that management&rsquo;s estimate
        of the future resolution of these matters changes, the Company will recognize the effects of these changes in its consolidated
        financial statements in the period in which such changes occur.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">The Company is a defendant
        in various lawsuits and legal actions, including for alleged fines, taxes and labour related matters in the jurisdictions in which
        it operates. Management regularly reviews these lawsuits and legal actions with outside counsel to assess the likelihood that the
        Company will ultimately incur a material cash outflow to settle the claim. To the extent management believes it is probable that
        a cash outflow will be incurred to settle the claim, a provision for the estimated settlement amount is recorded. At September
        30, 2020, the Company recorded a legal provision for these items totaling $12.3 million (December 31, 2019 &ndash; $4.0 million)
        which is included in other long-term liabilities.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">The Company is contesting
        federal income and municipal VAT assessments in Brazil. Brazilian courts often require a taxpayer to post cash or a guarantee for
        the disputed amount before hearing a case. It can take up to five years to complete an appeals process and receive a final verdict.
        At September 30, 2020, the Company recorded restricted cash of $4.1 million (December 31, 2019 &ndash; $13.9 million) in relation
        to insurance bonds for tax assessments in the appeals process. The Company may in the future have to post security, by way of cash,
        insurance bonds or equipment pledges, with respect to certain federal income and municipal tax assessments being contested, the
        amounts and timing of which are uncertain. The Company and its advisor believe that the federal income and municipal tax assessments
        which are under appeal are wholly without merit and no provision has been recorded with respect to these matters.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">The Company is reviewing
        tax contingencies in relation to compliance with certain pre-export finance and other loans in Brazil. The outcome of these matters
        is not readily determinable at this time but could have a material impact on the Company.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>
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    <TD STYLE="padding: 5pt 2.15pt 5pt 19.45pt; text-indent: -0.25in; line-height: 13pt; color: #21405E; text-transform: uppercase; font-weight: bold; width: 100%">21.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>commitments
    and contingencies (continued)</TD></TR>
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        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">In certain jurisdictions
        where the Company operates, entities that are exporters are permitted to maintain offshore bank accounts and are required to register
        all transactions resulting in deposits into and payments out of those accounts. The Company has identified that in certain instances
        it has not registered all transactions prior to 2017. The Company has been advised by its tax and foreign trade legal advisors
        that material fines that could result from non-compliance are imposable under statute with a five-year statute of limitations.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">If the Company is unable
        to resolve all these matters favorably, there may be an adverse impact on the Company&rsquo;s financial performance, cash flows
        and results of operations.</P>
        <P STYLE="font: 9pt/13pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt 19.55pt; text-align: justify">The Company will continue
        to closely monitor the COVID-19 situation. Should the duration, spread or intensity of the pandemic further develop in 2020 and
        2021, the Company&rsquo;s supply chain, market pricing, operations and customer demand could be affected. These factors may further
        impact the Company&rsquo;s operating plan, its liquidity and cash flows, and the valuation of its long-lived assets. The COVID-19
        situation continues to evolve. The magnitude of its effects on the economy, and on the Company&rsquo;s financial and operational
        performance, is uncertain at this time.</P></TD></TR>
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<DESCRIPTION>Q3 MD&A
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>EXHIBIT 99.2</B></FONT></P>

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

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0 12pt; text-align: center"><IMG SRC="logo.jpg" ALT="" STYLE="height: 97; width: 300"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0 12pt; text-align: center"><B>Management&rsquo;s Discussion
and Analysis</B></P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0 12pt; text-align: center"><B>For the three and nine months
ended September 30, 2020</B></P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">(Expressed in United States Dollars,
unless otherwise stated)</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">This Management&rsquo;s Discussion
        and Analysis (&ldquo;MD&amp;A&rdquo;) of the financial position and results of operations for Equinox Gold Corp. (the &ldquo;Company&rdquo;
        or &ldquo;Equinox Gold&rdquo;) (TSX: EQX, NYSE American: EQX) should be read in conjunction with the audited consolidated financial
        statements of the Company for the year ended December 31, 2019 and the unaudited condensed consolidated interim financial statements
        of the Company for the three and nine months ended September 30, 2020 and the related notes thereto, which have been prepared in
        accordance with International Financial Reporting Standards (&ldquo;IFRS&rdquo;) as issued by the International Accounting Standards
        Board. For further information on the Company, reference should be made to its public filings on SEDAR at www.sedar.com and on
        EDGAR at www.sec.gov/edgar.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">This MD&amp;A is prepared by management
        and approved by the Board of Directors as of November 5, 2020. This discussion covers the three and nine months ended September
        30, 2020 (&ldquo;Q3 2020&rdquo; or the &ldquo;Quarter&rdquo;) and the subsequent period up to the date of issuance of this MD&amp;A.
        All dollar amounts are in United States (&ldquo;US&rdquo;) dollars, except where otherwise noted.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">This MD&amp;A contains forward-looking
        statements. Readers are cautioned as to the risks and uncertainties related to the forward-looking statements, the risks and uncertainties
        associated with investing in the Company&rsquo;s securities and the technical and scientific information under National Instrument
        43-101 (&ldquo;NI 43-101&rdquo;) concerning the Company&rsquo;s material properties, including information about mineral reserves
        and resources. All forward-looking statements are qualified by cautionary notes in this MD&amp;A as well as risks and uncertainties
        discussed in the Company&rsquo;s 2019 Annual Information Form dated May 13, 2020 and its Management Information Circular dated
        April&nbsp;6, 2020, which are filed on SEDAR and EDGAR.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Throughout this MD&amp;A, cash
        costs, cash costs per ounce sold, all-in sustaining costs (&ldquo;AISC&rdquo;), AISC per ounce sold, AISC contribution margin,
        adjusted net income, adjusted earnings per share (&ldquo;EPS&rdquo;), mine free cash flow, adjusted EBITDA (<FONT STYLE="background-color: white">earnings
        before interest, taxes, depreciation, and amortization)</FONT>, net debt, and sustaining and expansion capital expenditures are
        non-IFRS financial measures with no standard meaning under IFRS. Non-IFRS measures are further discussed in the section Non-IFRS
        Measures on page 32 of this MD&amp;A.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Throughout this MD&amp;A,
the operational and financial results of the assets acquired in the merger with Leagold Mining Corporation (&ldquo;Leagold&rdquo;)
are included from March 10, 2020 onward.</P></TD></TR>
</TABLE>



<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; width: 100%">
        <P STYLE="color: #21405E; font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 12pt 0 0; text-transform: uppercase; text-align: justify"><FONT STYLE="text-transform: none"><B>CONTENTS</B></FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 0; padding-bottom: 3pt; padding-left: 0in; width: 90%">Business Overview</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt; width: 10%">4</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Highlights for the Three Months Ended September 30, 2020</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">4</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Recent Developments</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">5</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">2020 Outlook</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">5</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Managing COVID-19</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">6</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Operating &amp; Financial Results for the Three and Nine Months Ended September 30, 2020</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">2020 Guidance</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Operations</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">10</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Development Projects</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">22</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Health, Safety, Environment &amp; Community</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">24</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Corporate</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">25</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Recent Developments</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">25</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Financial Results</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">26</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Liquidity and Capital Resources</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">29</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Outstanding Share Data</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">30</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Commitments and Contingencies</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">30</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Related Party Transactions</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">31</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Non-IFRS Measures</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">32</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Accounting Matters</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">36</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Internal Controls Over Financial Reporting and Disclosure Controls and Procedures</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">37</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Cautionary Notes and Forward-looking Statements</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">37</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Technical Information</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">39</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0in">Appendix</TD>
    <TD STYLE="text-align: right; padding-top: 3pt; padding-bottom: 3pt">40</TD></TR>
</TABLE></P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; padding: 12pt 2.15pt 3pt; text-align: justify; color: #21405E; text-transform: uppercase">Business Overview</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; padding: 6pt 2.15pt 3pt; text-align: justify">Operations description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Equinox Gold is a growth-focused
        mining company delivering on its strategy of becoming the premier Americas gold producer. The Company has quickly grown from a
        single-asset developer to a multi-asset gold producer with six operating gold mines at the date of this MD&amp;A, a gold reserve
        base of more than 12 million ounces and a strong growth profile from a pipeline of development and expansion projects. Equinox
        Gold operates entirely in the Americas, with two properties in the United States, one in Mexico and five in Brazil. Each asset
        is wholly-owned by the Company.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Equinox Gold was created with the
        long term strategic vision of building a company that will responsibly and safely produce more than one million ounces of gold
        annually, while providing above-average returns to all stakeholders. To achieve its growth objectives, Equinox Gold intends to
        expand production from its current asset base through exploration and development and look for opportunities to acquire other companies,
        producing mines and/or development projects that fit the Company&rsquo;s portfolio and strategy.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Equinox Gold&rsquo;s common shares
        trade under the symbol &ldquo;EQX&rdquo; on the Toronto Stock Exchange (&ldquo;TSX&rdquo;) in Canada and the NYSE American Stock
        Exchange (&ldquo;NYSE-A&rdquo;) in the United States. The Company has warrants that trade on the TSX under the symbol &ldquo;EQX.WT&rdquo;.</P></TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; padding: 12pt 2.15pt 3pt; text-align: justify; color: #21405E; text-transform: uppercase">Highlights for the Three Months Ended September 30, 2020</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><B>Operational</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Produced 124,867 ounces (&ldquo;oz&rdquo;) and sold 128,437 oz of gold</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Completed more than 3.2 million work hours with two lost-time injuries across all sites</TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">Earnings</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Earnings from mine operations of $97.7 million</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Net income of $11.8 million or $0.05 per share</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Adjusted
                                         net income of $39.3 million<SUP>(1,2)</SUP> or $0.16 per share<SUP>(1)</SUP></TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">Financial</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Mine
                                         cash costs of $866 per oz<SUP>(1)</SUP> and mine AISC of $1,035 per oz<SUP>(1,3)</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Cash flow from operations before changes in working capital of $89.6 million ($61.3 million after
changes in working capital)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Adjusted
                                         EBITDA of $99.4 million<SUP>(1,2)</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Expenditures of $19.3 million in sustaining capital and $13.5 million in expansion capital</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Cash and cash equivalents (unrestricted) of $310.7 million at September 30, 2020</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Net
                                         debt of $232.4 million<SUP>(1)</SUP> at September 30, 2020</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol"></FONT></TD><TD STYLE="text-align: justify">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repaid $200 million of revolving credit facility</TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">Corporate</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Temporarily suspended mining activities at Los Filos as the result of a community blockade; met
regularly with community leaders to seek constructive dialogue and resolution</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Promoted Doug Reddy from EVP Technical Services to Chief Operating Officer</TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 80%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><SUP>1</SUP></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 4pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Mine cash cost per oz sold, AISC per oz sold, adjusted EBITDA, adjusted net income, adjusted EPS and net debt are non-IFRS measures.&nbsp;&nbsp;See Non-IFRS Measures and Cautionary Notes.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><SUP>2</SUP></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Primary adjustments were $8.6 million loss on the change in fair value of share purchase warrants and $10.2 million unrealized loss on the change in fair value of gold hedge contracts.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><SUP>3</SUP></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Consolidated AISC per oz sold excludes corporate general and administration expenses.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left"></P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><B>Construction and development </B></P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><I>Castle Mountain</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Completed construction and commissioning of Castle Mountain Phase 1 Mine with no lost-time incidents</TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><I>Los Filos</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Guadalupe open pit and Bermejal underground development activities proceeded for July and August
but were temporarily suspended on September 3, 2020 as the result of a community blockade</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Optimization study for new carbon-in-leach plant (&ldquo;CIL&rdquo;), heap leach expansion, updated
mine planning and a Mineral Reserve and Mineral Resource update targeted for completion in early 2021</TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><I>Santa Luz</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Advanced early works construction activities, construction cost estimates and engineering for the
retrofit and refurbishment of existing infrastructure in order to recommence production</TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><I>Aurizona</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Advanced underground drilling and technical studies to support a prefeasibility study (to be completed
in 2021) for the potential to develop an underground mine to complement the existing open-pit mine</TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"></P>

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    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; padding: 12pt 2.15pt 3pt; text-align: justify; color: #21405E; text-transform: uppercase">recent developments</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Poured first gold at Castle Mountain Phase 1 Mine</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Increased Mesquite Mineral Reserves by 28% and Measured &amp; Indicated Mineral Resources by 94%</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Withdrew Los Filos production and cost guidance; guidance for other mine sites remains unchanged</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Announced changes to the Board of Directors, with Dr. Sally Eyre joining the Board of Directors
and Mr. Peter Marrone stepping down</TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"></P>

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    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; padding: 12pt 2.15pt 3pt; text-align: justify; color: #21405E; text-transform: uppercase">2020 outlook</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Completion of Castle Mountain Phase 2 feasibility study in Q1 2021, reviewing potential to expand
production to 200,000 oz per year</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Continue to seek a resolution to the Los Filos community blockade to resume normal operations</TD></TR></TABLE>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 1pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;&nbsp;</P>

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    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; padding: 12pt 2.9pt 3pt; text-align: justify; color: #21405E; text-transform: uppercase">Managing COVID-19</TD></TR>
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    <TD STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; padding: 3pt 2.9pt 5pt; text-align: justify">Equinox Gold took early precautionary measures at its mine sites and offices to proactively manage issues related to the COVID-19 pandemic. The Company&rsquo;s crisis management team rapidly implemented preventive measures to help protect the health, safety and economic wellbeing of the Company&rsquo;s workforce and local communities, and implemented business continuity protocols so the Company&rsquo;s mines could continue to operate as effectively as possible. Designated site teams continue to respond to daily changes, circumstances and directives of government and health authorities, and maintain open communication with the Company&rsquo;s workforce, community leaders and local health providers to develop and share strategies to manage COVID-19.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify"><I>Health and safety</I></P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Each of the Company&rsquo;s operations
        has implemented preventive measures in collaboration with the Company&rsquo;s employees, contractors, host communities and governments
        to limit COVID-19 exposure and transmission as much as possible. The Company continues to enforce stringent operational and safety
        procedures in accordance with guidelines outlined by the World Health Organization, the US Centre for Disease Control, consulting
        health professionals, and the local, state and federal governments at each of its sites.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; padding: 3pt 2.9pt 5pt; text-align: justify"><FONT STYLE="color: #222222">The Company has initiated routine COVID-19 testing at all of its sites with </FONT>the objective of identifying carriers early so they can self-isolate before inadvertently spreading the virus to others. All individuals who test positive, regardless of whether they show any symptoms, are asked to immediately self-isolate for two weeks and can only return to work once they have tested negative for COVID-19 and been cleared for work by a health professional. Workers from outside the region must test negative for COVID-19 before commencing their journey to site.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">A<FONT STYLE="color: #222222">ctions taken include:</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 0.35in; text-align: left"></P></TD></TR>
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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Travel restrictions with non-essential travel prohibited and mandatory self-isolation after travel</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Mine site access limited to essential personnel only</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Enhanced health checks including completion of health questionnaires and temperature checks</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Enhanced medical protocols for rapid isolation, care and transport should anyone show any symptoms
or test positive</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Enforced physical distancing at sites with staggered meal times, smaller site teams, optimized
rotation schedules, physical distancing, virtual meetings, and masks in transportation vehicles or where physical distancing is
more difficult</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Increased cleaning and sanitizing of public spaces and transportation vehicles</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Extra protective gear at sites including masks, gloves and face shields, depending on duties and
level of interaction</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
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to market</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Remote work policies with limited office re-entry for individuals who cannot effectively work remotely</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Physical distancing in offices with reduced capacity in meeting rooms and masks mandatory in public
spaces</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Virtual meeting protocols for corporate, Board and investor meetings</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Job protection for workers with certain childcare and family obligations</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Regular communication to promote preventive measures and ensure proper protocols are followed</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Supplies and support to local health clinics and communities</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify">Support services for workforce to help navigate the stress and emotional impact of COVID-19</TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><I>Local communities </I></P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company recognizes the importance
        of its contribution to the economic wellbeing of its workforce, suppliers and local communities and is working hard to keep its
        mines operating as effectively as possible while mitigating the risk of exposure to neighbouring communities. The Company is respecting
        the guidelines of local, state and federal governments at each of its sites and engages regularly with community leaders to discuss
        preventive measures at sites and address any concerns, and to share and develop strategies to manage COVID-19 challenges.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left"></P>

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    <TD STYLE="width: 100%; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><I>Supply chain</I></P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Equinox Gold has evaluated supply
        chain and metal sales risks at each of its operations and remains in close contact with critical vendors, customers and transportation
        providers, establishing back-up arrangements to help mitigate the impact of any disruptions related to COVID-19. The Company has
        not experienced any material sales or supply chain disruptions to date.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><I>Impact on operations</I></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">While all of the Company&rsquo;s operations
        have experienced some impact from COVID-19, there were no restrictions during Q3 2020 related to COVID-19. Proactive testing, enhanced
        health and safety measures and the Company&rsquo;s <FONT STYLE="color: #222222">&ldquo;test, trace, isolate&rdquo; protocol have
        helped the Company to reduce transmission of the COVID-19 virus to protect both its workforce and local communities. </FONT>The
        Company has implemented cross-functional training at each of its sites to ensure its ability to continue operating effectively
        despite occasional workforce restrictions.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"><I>Impact on costs</I></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">Additional costs related to COVID-19 can
        be divided into three major categories:</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0 0.35in; text-align: justify; text-indent: -0.2in"></P></TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Mine standby costs, which includes costs associated
with placing mines in care and maintenance and the subsequent ramp-up of those operations, of which none related to COVID-19 were
incurred during the Quarter</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Incremental costs related to increased COVID-19 health
and safety protocols, higher transportation costs to allow for physical distancing, overtime costs resulting from physical distancing
and operating with a reduced workforce, and additional community donations to support COVID-19 education, preventive measures and
medical supplies</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Direct COVID-19 costs related to expenditures incurred
solely due to the COVID-19 pandemic that would not have been incurred otherwise, such as testing employees for the presence of
the virus</FONT></TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; width: 100%">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify"><I>Liquidity increased</I></P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company drew $180 million from
        its $400 million revolving credit facility in late March as a proactive measure given the uncertainty of the potential effects
        of the COVID-19 pandemic on the Company&rsquo;s operations. The Company repaid $200 million to its revolving credit facility during
        the Quarter and maintains a strong financial position with more than $310 million in cash and cash equivalents (unrestricted) and
        $232 million in net debt as at September 30, 2020.</P></TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-bottom: Black 1.5pt solid; padding: 12pt 2.9pt 3pt; font-weight: bold; text-align: left; font-size: 10pt; color: #21405E; text-transform: uppercase">Operating &amp; Financial Results for the Three and Nine Months Ended September 30, 2020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 1pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 1pt; text-align: center; text-indent: 0in">Nine months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Operating data </I></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Unit</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020<SUP>(1)</SUP></P></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020<SUP>(2)</SUP></P></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020<SUP>(2)</SUP></P></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0; text-align: right">2020<SUP>(1)</SUP></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold produced</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">124,867</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">127,016</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">88,951</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">340,834</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold sold</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">128,437</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">125,824</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">82,629</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">336,891</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Realized gold price</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,899</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,712</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">1,574</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,748</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC per oz sold<SUP>(3,4)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,035</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">950</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">994</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">993</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Financial data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.9pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">244.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">215.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">130.0</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">589.9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Earnings from mine operations</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">97.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">78.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">41.7</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">217.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Net income (loss)</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">11.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">(66.9)</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">10.5</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(44.5)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Earnings (loss) per share</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/share</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.05</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">(0.29)</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.08</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(0.22)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Adjusted EBITDA<SUP>(4)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">99.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">77.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">46.4</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">223.2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Adjusted net income<SUP>(4)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">39.3</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">19.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">13.4</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">71.9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Adjusted EPS<SUP>(4)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/share</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.16</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.08</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.09</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.35</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Balance sheet and cash flow data</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 6pt 2.9pt 3pt; font-size: 10pt; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash and cash equivalents (unrestricted)</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">310.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">494.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">303.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">310.7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Net debt<SUP>(4)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">232.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">244.3</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">446.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">232.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Operating cash flow before changes in working capital</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">89.6</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">59.9</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">20.3</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">169.8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 3pt 15.65pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-size: 8pt; font-weight: normal">(1)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; font-weight: normal">&nbsp;
        </FONT><FONT STYLE="font-size: 8pt; font-weight: normal">Results for Q3 2019 and the nine months ended September 30, 2019 are not
        presented as they are not readily comparable. During the three and nine months ended September 30, 2019, the Company had only the
        Mesquite and Aurizona mines in operation, with the Aurizona mine commencing commercial production on July 1, 2019. On March 10,
        2020, the Company added four additional operating mines acquired through the Leagold Merger. </FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 3pt 15.65pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-size: 8pt; font-weight: normal">(2)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; font-weight: normal">&nbsp;
        </FONT><FONT STYLE="font-size: 8pt; font-weight: normal">As at September 30, 2020, the Company adjusted the fair values of heap
        leach inventory, mineral properties, plant and equipment and deferred tax liabilities in the Leagold purchase price allocation
        to reflect an updated estimate of conversion costs for heap leach inventory and useful lives of certain plant and equipment at
        Los Filos as of the acquisition date. The Company has updated financial results for the periods impacted. Net loss for Q2 2020
        increased by $8.2 million and net income for Q1 2020 decreased by $0.4 million from previously reported figures. AISC per oz sold
        in Q2 2020 and Q1 2020 increased by $50 and $26, respectively, from previously reported figures.</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 3pt 15.65pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-size: 8pt; font-weight: normal">(3)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; font-weight: normal">&nbsp;
        </FONT><FONT STYLE="font-size: 8pt; font-weight: normal">Consolidated AISC per oz sold excludes corporate general and administration
        expenses.</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 3pt 15.65pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-size: 8pt; font-weight: normal">(4)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; font-weight: normal">&nbsp;
        </FONT><FONT STYLE="font-size: 8pt; font-weight: normal">AISC per oz sold, adjusted EBITDA, adjusted net income, adjusted EPS and
        net debt are non-IFRS measures. See <I>Non-IFRS Measures</I> and <I>Cautionary Notes</I>. </FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company realized revenue of $244.5 million on sales of 128,437 oz of gold during the Quarter, compared to revenue for the three months ended June 30, 2020 (&ldquo;Q2 2020&rdquo;) of $215.4 million on sales of 125,824 oz of gold. The increase in ounces sold from Q2 to Q3 2020 is mainly due to increased production at Aurizona as a result of increased mill throughput and better grades. The quarter-on-quarter increase in revenue is due to both the increase in ounces sold and an increase in average realized gold price per oz from $1,712 for Q2 2020 to $1,899 for Q3 2020. </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Earnings from mine operations in Q3 2020 of $97.7 million increased from $78.0 million in Q2 2020 largely due to an increase in the average realized gold price period over period. Net income in Q3 2020 increased to $11.8 million from a net loss of $66.9 million in Q2 2020 due to a decrease in non-cash expenses arising from changes in the fair values of the Company&rsquo;s foreign exchange and gold hedging commitments and the non-cash change in fair value of the derivative liability for the Company&rsquo;s Canadian dollar denominated share purchase warrants as compared to Q2 2020.</TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Adjusted EBITDA for Q3 2020 of $99.4 million increased from $77.4 million in Q2 2020. Adjusted net income of $39.3 million for Q3 2020 increased from $19.1 million in Q2 2020. Increases in adjusted EBITDA and adjusted net income are due to the aforementioned increase in realized gold price and a decrease in care and maintenance expenses related to COVID-19 impacts. </TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="border-bottom: Black 1pt solid; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><B><I>Capital expenditures </I></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Capital expenditures were lower than planned during the Quarter as the result of COVID-19 delays in Q2 2020 impacting the sequencing of capital projects in the Quarter. The Company anticipates that the majority of these activities will be completed during 2020, but may defer some of its planned capital expenditures to 2021 should COVID-19 continue to affect workforce availability.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">Nine months ended September 30, 2020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt"><I>$ amounts in millions</I></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: center">Expansion</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 33%; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">Sustaining</TD>
    <TD STYLE="width: 6%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 4%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">Exploration</TD>
    <TD STYLE="width: 2%; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">Construction</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Los Filos</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 9pt">$</FONT></TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8.1</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 9pt">$</FONT></TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 9pt">$</FONT></TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">13.5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mesquite</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8.9</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8.6</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Aurizona</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">13.7</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.5</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Fazenda</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.6</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.0</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">RDM</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">4.6</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.6</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Pilar</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.9</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.2</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Castle Mountain</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">31.8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Santa Luz</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt"><B>Total</B></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 9pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right"><B>40.8</B></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 9pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right"><B>14.9</B></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 9pt"><B>$</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right"><B>47.1</B></TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">2020 Guidance</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company has withdrawn its 2020 guidance for Los Filos until the temporary suspension due to a community blockade is lifted.&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">All of the Company&rsquo;s other operations are on track to achieve guidance published on August 10, 2020. Guidance is intended to estimate production and costs for the full calendar year for Aurizona, Mesquite and Castle Mountain, and expectations for Fazenda, RDM, Pilar and Santa Luz for the period commencing March 10, 2020, the closing date of the merger with Leagold. </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The unpredictable impact of the COVID-19 pandemic on operations continues to differ by both country and state, which makes it difficult to estimate potential future effects of COVID-19 on the Company&rsquo;s operations. The Company will continue to review and revise its health and safety protocols as appropriate to help protect both its workforce and business continuity.</TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.9pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Operations</TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Mesquite Gold Mine, California, USA</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Mesquite is an open-pit, run-of-mine (&ldquo;ROM&rdquo;) heap leach gold mine located in Imperial County, California, approximately 200 miles south of Castle Mountain. The mine has a long history of successful operations and a strong environmental record. Mesquite produced a total of 125,736 oz of gold during 2019.</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.9pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Operating and financial results for the three and nine months ended September 30, 2020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 1pt; text-align: center; text-indent: 0in">Three months ended</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Nine months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Operating data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Unit</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">March 31, 2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2019</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Ore mined and stacked on leach pad</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4,350</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">4,042</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">5,461</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">13,853</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">19,675</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Waste mined</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">8,163</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8,259</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">5,873</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">22,295</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">24,522</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Open pit strip ratio</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">w:o</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.88</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.04</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.08</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.61</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">1.25</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Average gold grade stacked to leach pad</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">g/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.57</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.42</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.29</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.41</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">0.32</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold produced</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">31,024</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">39,687</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">36,842</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">107,553</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">85,415</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold sold</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">31,419</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">39,045</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">36,375</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">106,840</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">85,407</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Financial data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">59.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">67.3</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">57.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">184.5</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">117.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash costs<SUP>(1)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">30.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">36.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">32.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">98.7</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">73.8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Sustaining capital<SUP>(1)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">3.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">8.9</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">6.3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Reclamation expenses </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.6</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.7</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.8</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2.2</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">1.7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total AISC<SUP>(1)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">34.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">39.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">35.9</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">109.8</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">81.8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC contribution margin<SUP>(1)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">25.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">27.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">21.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">74.7</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">35.2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Expansion capital<SUP>(1)</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(1.8)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(3.1)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(3.7)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(8.6)</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(6.6)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mine free cash flow<SUP>(1)</SUP></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">23.7</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">24.5</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">17.8</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">66.0</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">28.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: left; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Unit analysis</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Realized gold price per ounce sold</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,898</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,724</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,581</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,726</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">1,370</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash cost per ounce sold<SUP>(1)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">967</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">928</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">883</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">924</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">864</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC per ounce sold<SUP>(1)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,085</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,018</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">988</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,028</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">958</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mining cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.36</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.24</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.56</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.38</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">1.34</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Processing cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2.77</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.07</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.30</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2.67</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; text-align: right">1.66</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">G&amp;A cost per tonne </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.89</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">0.93</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">0.51</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.75</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">0.53</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-right: 2.15pt; padding-bottom: 3pt; padding-left: 15.95pt; font-size: 8pt; text-align: justify; text-indent: -15.95pt">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT>Cash costs, sustaining capital, expansion capital, AISC, AISC contribution margin, mine free cash flow, cash cost per oz sold, and AISC per oz sold are non-IFRS measures. See <I>Non-IFRS Measures</I> and <I>Cautionary Notes</I>.</TD></TR>
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Q3 2020 Analysis</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Production</U></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="9" STYLE="padding: 3pt 2.15pt 5pt; vertical-align: bottom; font-size: 10pt; text-align: justify; line-height: 12pt">Mesquite continues to perform ahead of both production and cost targets. During Q3 2020, Mesquite produced 31,024 oz (Q2 2020 &ndash; 39,687 oz) of gold and sold 31,419 oz (Q2 2020 &ndash; 39,045 oz) of gold at an AISC of $1,085 per oz (Q2 2020 &ndash; $1,018 per oz) and an average realized price of $1,898 per oz (Q2 2020 &ndash; $1,724 per oz), realizing revenue of $59.6 million for the Quarter (Q2 2020 &ndash; $67.3 million).</TD></TR>
<TR>
    <TD COLSPAN="9" STYLE="padding: 3pt 2.15pt 5pt; vertical-align: bottom; font-size: 10pt; text-align: justify; line-height: 12pt">During the Quarter the Company stacked one million tonnes of ore-grade mineralized material identified in historical dumps, which required no blasting and had shorter hauls than material mined from the open pits. While the mine continues to outperform plan year to date, production eased in Q3 2020 as mining transitioned to a larger percentage of non-oxide ore, which is higher grade but has a longer leach cycle and lower recoveries. The non-oxide ore is segregated on the leach pad and given higher lime dosing, as well as a longer irrigation cycle, to facilitate recoveries. Lower processing unit costs due to increased ore volumes processed were offset by higher mining costs during Q3 2020, reflecting an increased proportion of tonnes moved which require blasting.</TD></TR>
<TR>
    <TD STYLE="width: 36%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Exploration and
    development</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">During the Quarter, the Company spent $3.1 million of sustaining capital related primarily to water well improvements and process equipment upgrades, with $8.9 million of sustaining capital spent for the nine months ended September 30, 2020. Expansion capital expenditures of $1.8 million during the Quarter relate entirely to exploration drilling of historical dumps and other targets, with $8.6 million of expansion capital spent through the nine months ended September 30, 2020. </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">On October 8, 2020, the Company released initial drill results from exploration in the Brownie deposit. Highlights include 35.1 metres at 0.51 grams per tonne (&ldquo;g/t&rdquo;) gold, 33.5 metres at 0.66 g/t gold, 52.6&nbsp;metres&nbsp;at&nbsp;0.85 g/t gold, and 44.2 metres at 0.58 g/t gold. The results increase confidence in the geological model and highlight the potential for further expansion potential to the north, northwest and southeast of the existing resources, which will be a focus of future exploration activities.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Mineral Resource and Reserve
    update</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">On October 8, 2020, the Company
        released the results of updated Mineral Reserve and Mineral Resource estimates for Mesquite, reflecting mining activities to June
        30, 2020, 10,785 metres (77 holes) of bedrock drilling, 36,785 metres (661 holes) of drilling targeting historical dumps, and updated
        geologic and grade-shell domains. Highlights of the update include:</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 26.5pt; text-align: left; text-indent: -13.5pt"></P></TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Proven and Probable Mineral Reserves increased 28%
to 658,000 oz of contained gold net of mining depletion to June 30, 2020</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Measured and Indicated Mineral Resources increased
94% to 837,000 oz of contained gold, exclusive of Mineral Reserves</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Inferred Mineral Resources increased 38% to 703,000
oz of contained gold</FONT></TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; width: 100%">Mesquite Proven and Probable Mineral Reserves at June 30, 2020 are estimated at 37.8 million tonnes (&ldquo;Mt&rdquo;) grading 0.54 g/t gold for 658,000 oz of contained gold. Net of mining depletion (68,267 oz of Proven and Probable Reserve) during the first half of 2020, the updated Mineral Reserve represents a 28% increase (142,267 oz) compared to December 31, 2019.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Mesquite Measured and Indicated Mineral Resources at June 30, 2020, exclusive of Mineral Reserves, are estimated at 66.7 Mt grading 0.39 g/t gold for 837,000 oz of contained gold. This represents a 94% increase when compared to the previous Measured and Indicated Mineral Resource estimate of 432,000 oz of gold. Inferred Mineral Resources at June 30, 2020 are estimated at 69.2 Mt grading 0.32 g/t gold for 703,000 oz of contained gold, representing a 38% increase compared to the previous estimate of 510,000 oz of gold.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Drilling in the Big Chief, Midway and Brownie dumps during the first half of 2020 yielded significant gains in Mineral Resources. Indicated Mineral Resources in the dumps have increased more than fourfold to 22.7 Mt grading 0.22&nbsp;g/t gold for 160,000 oz of contained gold. Inferred Mineral Resources in the dumps have increased 31% to 36.6 Mt grading 0.22 g/t gold for 255,000 contained oz of gold. The increases as noted do not reflect depletion of resource material contained in the 2019 year-end Mineral Resource that has already been stacked on the leach pad.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">A full breakdown of Mesquite Mineral Reserve and Mineral Resource estimates and relevant technical disclosure is included in the Appendix to this MD&amp;A and in the press release &ldquo;<I>Equinox Gold Increases Mesquite Reserves by 28% and Measured &amp; Indicated Resources by 94%&rdquo; </I>dated October 8, 2020.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Outlook</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Mesquite is on track to achieve guidance of 130,000 to 140,000 oz of gold with AISC of $975 to $1,025 per oz. The Company is also reviewing a number of optimized leach scenarios that could result in significant savings in both consumables and labour costs while maintaining recoveries. </TD></TR>
</TABLE>
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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Aurizona Gold Mine, Maranh&atilde;o, Brazil</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Aurizona is an open-pit gold mine located in northeastern Brazil that achieved commercial production as of July&nbsp;1, 2019 and produced a total of 75,282 oz of gold in 2019. The reserve model for Aurizona outlines a remaining 6-year mine life with average annual production of approximately 130,000 oz of gold. The Company believes the mine life can be extended with exploration success along strike from existing Mineral Reserves, as well as from underground Mineral Resources below the Piaba open pit. The Company completed a PEA<SUP>(1)</SUP> demonstrating the opportunity for both mine life extension and increased annual gold production with potential development of an underground mine that could operate concurrently with the existing and future open-pit mines, and expects to complete a prefeasibility study (&ldquo;PFS&rdquo;) for the project in 2021. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.9pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Operating and financial results for the three and nine months ended September 30, 2020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 1pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: center">Nine months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36%; border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Operating data </I></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Unit</TD>
    <TD STYLE="width: 3%; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="text-align: right; width: 1%; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020<SUP>(2)</SUP></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Ore mined</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">955</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">620</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">462</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">2,036</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Waste mined</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">7,493</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">2,332</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">2,775</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">12,600</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Open pit strip ratio</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">w:o</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">7.85</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.76</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">6.01</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">6.19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Tonnes processed</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">832</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">795</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">754</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">2,382</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Average gold grade processed</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">g/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.38</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.19</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.46</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.34</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Recovery</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">%</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">89.9</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">91.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">87.0</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">89.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold produced</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">33,248</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">27,460</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">32,091</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">92,799</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold sold</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9">33,238</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">26,692</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">30,862</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9">90,791</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Financial data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Unit</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">63.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">45.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">48.7</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">158.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash costs<SUP>(3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">22.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">21.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">25.2</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">69.1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Sustaining capital<SUP>(3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">8.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.5</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">13.7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Reclamation and exploration expenses </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.9</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.6</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.6</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2.2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total AISC<SUP>(3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">32.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">23.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">29.4</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">85.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC contribution margin<SUP>(3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">31.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">22.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">19.3</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">73.1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Expansion capital<SUP>(3)</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(1.3)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(2.0)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(3.5)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 5.15pt; text-indent: -5.15pt">Mine free cash flow<SUP>(3)</SUP></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">30.1</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">20.2</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">19.3</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">69.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: left; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Unit analysis</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Unit</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Realized gold price per ounce sold</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,909</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">1,718</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,578</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">1,740</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash cost per ounce sold<SUP>(3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">675</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">804</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">818</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">761</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC per ounce sold<SUP>(3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">964</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">887</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">952</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">936</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mining cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.42</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.14</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.02</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.92</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Processing cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">7.36</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8.30</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">10.12</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">8.54</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">G&amp;A cost per tonne </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4.10</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">4.09</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">4.53</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4.09</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify; text-indent: -0.25in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT>The Aurizona PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically
        to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty
        that the results contemplated in the PEA will be realized.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify; text-indent: -0.25in">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT>Aurizona achieved commercial production on July 1, 2019. As such, comparative figures for the nine months ended September
        30, 2019 are not presented.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify; text-indent: -0.25in">(3)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT>Cash costs, sustaining capital, expansion capital, AISC, AISC contribution margin, mine free cash flow, cash cost per oz
        sold, and AISC per oz sold are non-IFRS measures. See <I>Non-IFRS Measures</I> and <I>Cautionary Notes</I>.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Q3 2020 Analysis</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Production</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">During Q3 2020, Aurizona produced 33,248 oz (Q2 2020 &ndash; 27,460 oz) of gold and sold 33,238 oz (Q2 2020 &ndash; 26,692 oz) of gold at an AISC of $964 per oz (Q2 2020 &ndash; $887 per oz) and at an average realized price of $1,909 per oz (Q2 2020 &ndash; $1,718 per oz), realizing revenue of $63.5 million for the Quarter (Q2 2020 &ndash; $45.8 million). </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Gold production and recoveries were on plan in the Quarter, and the mill processed the most material in a quarter since the start of operations in 2019, averaging approximately 9,000 tonnes per day (&ldquo;t/d&rdquo;) compared to the design capacity of approximately 8,200 t/d. During the Quarter, the operation also moved the most amount of waste since the start of mining activities.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Cash costs per oz decreased from Q2 2020 due to improved feed grades through the mill, as well as favourable foreign exchange rates. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Exploration and development</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">During the Quarter, the Company spent $1.2 million on exploration. The Company expanded its planned 17,000-metre &ldquo;Piaba Underground&rdquo; drill program to 25,000 metres, of which 23,093 metres have been completed. The objective of the Piaba Underground program is to convert underground Inferred Resources to Indicated Resources in support of a PFS for potential underground development. At the Genipapo target, an initial campaign of 1,985 metres of reverse circulation drilling has been completed as well as 1,779 metres of a 2,700-metre follow-up campaign. The Genipapo target is located east of the Piaba open pit and drilling is focused on expanding near-surface saprolite mineralization first discovered in 2018. Additionally, 710 metres of a planned 6,000-metre diamond drill program has been completed at the Touro target, located approximately 20 kilometres to the southwest of Aurizona, with the objective of testing the continuity of gold mineralization last drilled in 2010.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company spent $8.6 million of sustaining capital related primarily to tailings dam construction ($4.4 million) and capitalized stripping ($3.6 million) and $1.3 million of expansion capital during the Quarter.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Outlook</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Aurizona is on track to achieve guidance of 120,000 to 130,000 oz of gold at AISC of $1,000 to $1,050 per oz.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company is in the process of
        modifying processing from carbon-in-pulp to CIL to stabilize and enhance recoveries going forward. The conversion requires only
        minor changes to the existing infrastructure and will be complete in Q4 2020. Mining activity is focused on stockpiling ore to
        prepare for the 2021 rainy season.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">During Q4 2020, the Company is
        also performing a lift on the tailings facility embankment.</P></TD></TR>
</TABLE>
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<TR>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Los Filos Gold Mine, Guerrero, Mexico </TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="8" STYLE="padding: 3pt 2.15pt 5pt; vertical-align: bottom; font-size: 10pt; text-align: justify; line-height: 12pt">Equinox Gold acquired Los Filos on March 10, 2020 as part of the Leagold Merger. The Los Filos gold mine is located in Guerrero State, Mexico, and began production in 2008. Current operations comprise two open pits (Los Filos and Bermejal), one underground mine (Los Filos) and secondary recovery from previously leached ores. Ore from these deposits is processed using heap leach recovery. Los Filos produced a total of 200,856 oz of gold during 2019. An expansion project is underway with the expectation of increasing production to more than 350,000 oz of gold per year, as well as extending the mine life, through the addition of an underground mine (Bermejal), another open pit (Guadalupe) and a CIL plant to operate concurrently with the heap leach operation.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.9pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Operating and financial results for the three and nine months ended September 30, 2020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Nine months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Operating data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Unit</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020<SUP>(2)</SUP></P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020<SUP>(1,2)</SUP></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Ore mined &ndash; open pit</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">418</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">36</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">42</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">496</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Waste mined &ndash; open pit</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">3,896</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">623</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2,146</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">6,665</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Open pit strip ratio</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">w:o</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">9.33</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">17.43</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">50.64</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">13.45</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Average open pit gold grade </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">g/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.36</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.23</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.30</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.34</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Ore mined &ndash; underground</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">115</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">29</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">47</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">191</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Average underground gold grade </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">g/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4.09</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.54</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">4.09</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4.00</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Ore re-handled for secondary leaching</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2,477</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">812</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">856</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4,144</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total gold produced</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">17,530</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">17,691</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">9,617</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">44,837</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total gold sold</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">19,757</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">18,170</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">7,468</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">45,395</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Financial data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">37.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">30.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">11.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">79.5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash costs<SUP>(2,3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">19.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">11.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">7.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">39.1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Sustaining capital<SUP>(3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4.3</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">8.1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Reclamation expenses </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total AISC<SUP>(2,3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">24.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">14.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">47.5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC contribution margin<SUP>(3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">13.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">15.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">31.9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Care and maintenance</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(8.7)</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">(12.6)</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(21.3)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Expansion capital<SUP>(3)</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(2.8)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(6.8)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(3.9)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(13.5)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mine free cash flow<SUP>(3)</SUP></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.5</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">(3.6)</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">(0.8)</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(2.9)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: left; font-weight: bold"><FONT STYLE="font-size: 9pt">Unit analysis</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Realized gold price per ounce sold</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,878</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,675</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,545</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,742</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash cost per ounce sold<SUP>(2,3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">993</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">650</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,024</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">861</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC per ounce sold<SUP>(2,3)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,223</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">816</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,144</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,047</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mining cost per tonne &ndash; open pit</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.79</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.79</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.28</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.64</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mining cost per tonne &ndash; underground</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">72.26</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">67.42</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">58.82</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">68.22</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Processing cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">5.06</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8.04</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">5.03</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">5.60</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">G&amp;A cost per tonne </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.21</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">0.99</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">0.94</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="padding-right: 2.15pt; padding-left: 2.15pt; font-size: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 39%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 15.95pt; text-align: justify; text-indent: -15.95pt">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Los Filos was acquired as part of the Leagold Merger. As such, comparative figures to previous quarters are not presented.
        Operating and financial results for the three months ended March 31, 2020 (&ldquo;Q1 2020&rdquo;) are for the period from March
        10 to March 31, 2020.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 15.95pt; text-align: justify; text-indent: -15.2pt">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>As at September 30, 2020, the Company adjusted the fair values of heap leach inventory, mineral properties, plant and equipment
        and deferred tax liabilities in the Leagold purchase price allocation to reflect an updated estimate of conversion costs for heap
        leach inventory and useful lives of certain plant and equipment at Los Filos as of the acquisition date. The Company has updated
        financial results for the periods impacted. Cash costs and AISC in Q2 2020 and Q1 2020 increased by $5.7 million and $2.5 million,
        respectively, or $313 per oz and $332 per oz sold, respectively, from previously reported figures.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 15.95pt; text-align: justify; text-indent: -15.95pt">(3)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Cash costs, sustaining capital, expansion capital, AISC, AISC contribution margin, mine free cash flow, cash cost per oz
        sold, and AISC per oz sold are non-IFRS measures. See <I>Non-IFRS Measures</I> and <I>Cautionary Notes</I>.</P></TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Q3 2020 Analysis</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Production</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">During Q3 2020, Los Filos produced
        17,530 oz (Q2 2020 &ndash; 17,691 oz) of gold and sold 19,757 oz (Q2 2020 &ndash; 18,170 oz) of gold at an AISC of $1,223 per oz
        (Q2 2020 &ndash; $816 per oz) and at an average realized price of $1,878 per oz (Q2 2020 &ndash; $1,675 per oz), realizing revenue
        of $37.2 million (Q2 2020 &ndash; $30.6 million) for the Quarter. AISC increased in the Quarter due to lower than planned production,
        partially offset by favourable foreign exchange rates.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">July and August was a period of
        ramping up and returning to full operations following almost a full quarter of care and maintenance during Q2 2020 resulting from
        government mandated restrictions related to COVID-19.</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Mining activities were suspended
        in early September due to a blockade by members of one of the three communities from which the mine draws much of its workforce.
        The Company has been meeting with the community to understand and discuss their concerns and will continue to seek a resolution
        to the blockade so Los Filos can resume normal operations.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Mining operations have been temporarily
        suspended and the mine remains staffed with a reduced workforce to maintain necessary safety, security and environmental systems.</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Exploration and development</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company is advancing an expansion of the Los Filos gold mine complex as described in <I>Development Projects</I> below. Following the Q2 2020 COVID-19 related suspension, development activities recommenced in mid-June and continued until the subsequent temporary suspension. Exploration activities have not yet recommenced. As a result, sustaining capital expenditures during the Quarter were only $4.3 million. Expansion capital expenditures of $2.8 million were largely related to the Bermejal underground project.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Outlook</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Los Filos mining and development activities have been significantly reduced in 2020, first from COVID-19 restrictions and subsequently due to the community blockade. The community and Los Filos negotiated and signed both land use and community social collaboration agreements in April 2019, which are valid until April 2025. The Company will continue to seek a resolution to the community blockade so Los Filos can resume normal operations. </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Interruptions to pre-stripping of the Guadalupe open pit and development activities for the Bermejal underground deposit have also delayed access to higher-grade ore that was expected to be part of the 2020 mine plan. As a result, Los Filos production and cost guidance for 2020 has been withdrawn.</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 1pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

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<TR>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Fazenda Gold Mine, Bahia, Brazil</TD>
    </TR>
<TR>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Equinox Gold acquired Fazenda on March 10, 2020 as part of the Leagold Merger. Fazenda is located in Bahia State, Brazil, has been in operation for over two decades and has produced more than 3.2 million ounces of gold. Fazenda is primarily an underground operation complemented with some small open pits. Ore is mined by conventional retreat longitudinal open stoping and processed in a CIL milling facility. Fazenda produced a total of 73,228 oz of gold during 2019. </TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.9pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Operating and financial results for the three and nine months ended September 30, 2020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Nine months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Operating data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Unit</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020<SUP>(1)</SUP></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Ore mined &ndash; underground</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">318</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">317</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">77</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">712</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Tonnes processed</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">340</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">333</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">82</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">755</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Average gold grade processed</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">g/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.51</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.44</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.84</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.51</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Recovery</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">%</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">91.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">90.3</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">91.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">91.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total gold produced</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">15,118</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">13,954</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">4,344</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">33,416</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total gold sold</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">15,346</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">14,151</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">3,323</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">32,819</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Financial data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">29.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">24.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">5.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">58.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash costs<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">11.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">11.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">27.3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Sustaining capital<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Reclamation expenses </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.5</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.0</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total AISC<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">13.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">13.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.9</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">30.5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC contribution margin<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">16.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">10.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">28.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Expansion capital<SUP>(2)</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(1.0)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(0.8)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(0.2)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(2.0)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mine free cash flow<SUP>(2)</SUP></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">15.2</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">9.8</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">1.0</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">26.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: left; font-weight: bold"><FONT STYLE="font-size: 9pt">Unit analysis</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Realized gold price per ounce sold</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,902</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,701</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,535</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,778</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash cost per ounce sold<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">767</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">833</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,109</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">832</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC per ounce sold<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">851</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">952</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,184</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">928</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mining cost per tonne &ndash; underground</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">20.52</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">17.41</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">15.08</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">20.29</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Processing cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">10.72</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">9.52</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">7.80</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">10.06</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">G&amp;A cost per tonne </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4.00</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">4.17</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">3.69</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4.12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 15.95pt; text-align: justify; text-indent: -15.95pt">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Fazenda was acquired as part of the Leagold Merger. As such, comparative figures from previous quarters are not presented.
        Operating and financial results for Q1 2020 are for the period from March 10 to March 31, 2020.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 15.6pt; text-align: justify; text-indent: -15.6pt">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Cash costs, sustaining capital, expansion capital, AISC, AISC contribution margin, mine free cash flow, cash cost per oz
        sold, and AISC per oz sold are non-IFRS measures. See <I>Non-IFRS Measures</I> and <I>Cautionary Notes</I>.</P></TD></TR>
<TR>
    <TD STYLE="width: 39%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    </TR>
</TABLE>
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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Q3 2020 Analysis</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Production</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">During Q3 2020, Fazenda produced 15,118 oz (Q2 2020 &ndash; 13,954 oz) of gold and sold 15,346 oz (Q2 2020 &ndash; 14,151 oz) of gold at an AISC of $851 per oz (Q2 2020 &ndash; $952 per oz) and at an average realized price of $1,902 per oz (Q2 2020 &ndash; $1,701 per oz), realizing revenue of $29.2 million for the Quarter (Q2 2020 &ndash; $24.1 million). </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Grades were lower than expected for the Quarter due to mining dilution. This issue was exacerbated by COVID-19 workforce restrictions that slowed development in Q2 2020 but has since been resolved. Grade is improving through H2 2020 and recoveries were ahead of plan at 91.4% for the Quarter.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">AISC was lower than plan during the Quarter, largely the result of favourable foreign exchange rates, fuel prices and the deferral of some expenditures due to staffing constraints and mine plan sequencing.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Exploration and development</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company has drilled 25,050 metres of a 33,000-metre program focused on reserve replacement adjacent to existing mine infrastructure.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Sustaining capital expenditures of $1.2 million during the Quarter focused primarily on underground development, although portions of these programs were deferred to Q4 2020. Expansion capital expenditures during the Quarter of $1.0 million focused on underground development of the Canto Sequence.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Outlook</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Fazenda is on track to meet guidance of 50,000 to 55,000 oz at AISC of $925 to $975 per oz. </TD></TR>
</TABLE>
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<TR>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">RDM Gold Mine, Minas Gerais, Brazil</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="8" STYLE="padding: 3pt 2.15pt 5pt; vertical-align: bottom; font-size: 10pt; text-align: justify; line-height: 12pt">Equinox Gold acquired RDM on March 10, 2020 as part of the Leagold Merger. RDM is located in Minas Gerais State, Brazil and commenced production in early 2014 as a conventional open-pit operation with a 7,000 t/d CIL plant. Average life of mine production is estimated at approximately 80,000 oz of gold per year over the remaining seven-year mine life. RDM produced a total of 62,634 oz of gold during 2019.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.9pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Operating and financial results for the three and nine months ended September 30, 2020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Nine months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Operating data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Unit</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">September 30, 2020</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0">March 31,</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">2020<SUP>(1)</SUP></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Ore mined</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">686</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">569</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">46</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,301</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Waste mined</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">5,947</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">5,345</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">615</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">11,908</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Open pit strip ratio</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">w:o</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">8.67</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">9.39</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">13.23</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">9.15</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Tonnes processed</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">662</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">688</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">154</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,505</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Average gold grade processed</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">g/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.97</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.09</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.75</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.00</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Recovery</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">%</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">86.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">84.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">86.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">85.3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold produced</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">18,008</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">19,578</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3,700</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">41,286</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold sold</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">18,675</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">19,018</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">2,768</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">40,460</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Financial data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">35.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">32.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">4.3</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">72.5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash costs<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">16.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">14.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">33.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Sustaining capital<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">3.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.3</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">4.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Reclamation expenses </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.0</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total AISC<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">18.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">18.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">38.5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC contribution margin<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">17.6</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">14.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.9</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">34.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Care and maintenance</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">-</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">(0.5)</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(0.5)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Expansion capital<SUP>(2)</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(0.6)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(0.6)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mine free cash flow<SUP>(2)</SUP></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">17.6</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">14.5</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">0.9</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">33.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: left; font-weight: bold"><FONT STYLE="font-size: 9pt">Unit analysis</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Realized gold price per ounce sold</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,901</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,698</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,548</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,782</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash cost per ounce sold<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">897</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">769</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">746</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">827</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC per ounce sold<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">970</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">945</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">859</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">951</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mining cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.62</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.71</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.83</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.67</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Processing cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">9.11</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">7.99</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">5.90</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">8.27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">G&amp;A cost per tonne </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2.05</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">1.66</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">1.46</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.81</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 15.95pt; text-align: justify; text-indent: -15.95pt">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>RDM was acquired as part of the Leagold Merger. As such, comparative figures for previous quarters are not presented. Operating
        and financial results for Q1 2020 are for the period from March 10 to March 31, 2020.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 16.3pt; text-align: justify; text-indent: -16.3pt">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT>Cash costs, sustaining capital, expansion capital, AISC, AISC contribution margin, mine free cash flow, cash cost per oz
        sold, and AISC per oz sold are non-IFRS measures. See <I>Non-IFRS Measures</I> and <I>Cautionary Notes</I>.</P></TD></TR>
<TR>
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Q3 2020 Analysis</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Production</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">During Q3 2020, RDM produced 18,008
        oz (Q2 2020 &ndash; 19,578 oz) of gold and sold 18,675 oz (Q2 2020 &ndash; 19,018 oz) of gold at an AISC of $970 per oz (Q2 2020
        &ndash; $945 per oz) and at an average realized price of $1,901 per oz (Q2 2020 &ndash; $1,698 per oz), realizing revenue of $35.7
        million for the Quarter (Q2 2020 &ndash; $32.5 million).</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Grades and mining performance were
        in line with Q2 2020 as the team mined alternative areas while awaiting a pit extension permit that was received in late August.
        Recoveries of 86.7% were ahead of plan for the Quarter as new plant automation was brought on line, and blast fragmentation and
        grind size were improved.</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">As with the Company&rsquo;s other Brazilian operations, RDM&rsquo;s operating costs for the Quarter benefited from favourable foreign exchange rates and fuel prices, which were partially offset by higher maintenance costs and an increase in consumables to improve recoveries.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Exploration and development</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company has not planned any
        exploration at RDM in 2020.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Sustaining capital expenditures
        in Q3 2020 were $1.2 million for capitalized stripping. The Company did not incur any expansion capital expenditures during the
        Quarter at RDM.</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Outlook</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">RDM is on track to achieve guidance of 50,000 to 55,000 oz of gold at AISC of $1,000 to $1,050 per oz.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Pilar Gold Mine, Goi&aacute;s, Brazil</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="8" STYLE="padding: 3pt 2.15pt 5pt; vertical-align: bottom; font-size: 10pt; text-align: justify; line-height: 12pt">Equinox Gold acquired Pilar on March 10, 2020 as part of the Leagold Merger. Pilar is located in Goi&aacute;s State, Brazil, and began operations in October 2014. The operation consists of two underground mines feeding a carbon-in-pulp (&ldquo;CIP&rdquo;) plant. The primary underground mining methods are modified room and pillar and long hole open stoping. Pilar produced a total of 37,739 oz of gold in 2019.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.9pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Operating and financial results for the three and nine months ended September 30, 2020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Nine months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Operating data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Unit</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">September 30, 2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0">March 31,</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">2020<SUP>(1)</SUP></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Ore mined </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">191</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">157</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">33</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">382</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Tonnes processed</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">kt</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">375</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">355</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">85</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">815</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Average gold grade processed</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">g/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.90</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.85</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.94</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.88</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Recovery</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">%</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">91.8</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">91.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">89.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">91.2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold produced</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt; background-color: #D9D9D9">9,940</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8,646</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2,357</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">20,943</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Gold sold</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">oz</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9">10,003</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">8,750</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">1,833</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">20,585</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-size: 9pt"><I>Financial data </I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">19.1</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">15.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.8</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">37.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash costs<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">10.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8.2</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.5</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">20.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Sustaining capital<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1.5</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.4</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2.9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Reclamation expenses </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">0.1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">0.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total AISC<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">11.4</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">9.9</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">2.0</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">23.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC contribution margin<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">7.7</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">5.0</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">0.9</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">13.6</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Care and maintenance</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt; text-align: right">(0.6)</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(0.6)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Expansion capital<SUP>(2)</SUP></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(0.2)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(0.1)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">(0.0)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">(0.2)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mine free cash flow<SUP>(2)</SUP></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">M$</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">7.5</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">4.4</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">0.9</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">12.8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: left; font-weight: bold"><FONT STYLE="font-size: 9pt">Unit analysis</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Realized gold price per ounce sold</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,901</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,707</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,552</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,787</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Cash cost per ounce sold<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,022</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">941</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">827</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">970</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">AISC per ounce sold<SUP>(2)</SUP></TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/oz</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,144</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,138</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">1,072</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">1,136</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Mining cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">31.12</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">27.13</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">32.18</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">29.57</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Processing cost per tonne </TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">9.04</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8.89</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">8.45</TD>
    <TD STYLE="padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">8.91</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">G&amp;A cost per tonne </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">$/t</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2.99</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">2.87</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">2.37</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt; background-color: #D9D9D9; text-align: right">2.87</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 15.95pt; text-align: justify; text-indent: -15.95pt">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Pilar was acquired as part of the Leagold Merger. As such, comparative figures for previous quarters are not presented.
        Operating and financial results for Q1 2020 are for the period from March 10 to March 31, 2020.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 15.6pt; text-align: justify; text-indent: -15.6pt">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Cash costs, sustaining capital, expansion capital, AISC, AISC contribution margin, mine free cash flow, cash cost per oz
        sold, and AISC per oz sold are non-IFRS measures. See <I>Non-IFRS Measures</I> and <I>Cautionary Notes</I>.</P></TD></TR>
<TR>
    <TD STYLE="width: 31%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
</TABLE>
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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Q3 2020 Analysis</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Production</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">During Q3 2020, Pilar produced
        9,940 oz (Q2 2020 &ndash; 8,646 oz) of gold and sold 10,003 oz (Q2 2020 &ndash; 8,750 oz) of gold at an AISC of $1,144 per oz (Q2
        2020 &ndash; $1,138 per oz) and at an average realized price of $1,901 per oz (Q2 2020 &ndash; $1,707 per oz), realizing revenue
        of $19.1 million for the Quarter (Q2 2020 &ndash; $15.0 million).</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Mining performance in Q3 2020 improved
        and volumes mined are ahead of plan, with grades mined in line with plan. Higher mining ore volumes have reduced reliance on low-grade
        ore stockpiles. Recoveries of 91.8% were ahead of plan.</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">AISC for the Quarter benefited from favourable foreign exchange rates and was in line with plan, although the savings were partially offset by higher consumables, extra equipment and increased fuel consumption as mining increased in the Maria Lazara underground mine. </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><U>Exploration and development</U></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company completed the scheduled tailings facility raise during Q3 2020, which accounts for the majority of the $1.0 million in sustaining capital spent during the Quarter. Expansion capital expenditures during the Quarter were nominal as the Company has not yet gained access to certain land required to begin licensing and drilling at the Tr&ecirc;s Buracos deposit. </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">During Q3 2020 the Company drilled 2,076 metres of a planned 3,100-metre drill program with the objective of Mineral Reserve replacement adjacent to existing mine infrastructure.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Outlook</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Pilar is on track to achieve guidance of 25,000 to 30,000 oz of gold at AISC of $1,200 to $1,300 per oz. </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 2.15pt; font-size: 10pt; text-align: justify">While the Company continues to advance the environmental studies, permitting and land access activities related to the Tr&ecirc;s Buracos deposit, commencement of mining of the deposit is expected to shift into Q4 2021.</TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Development Projects</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Los Filos Gold Mine, Guerrero, Mexico</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company is advancing an expansion of the Los Filos gold mine complex including enlarging the Los Filos open pit, developing a second underground mine (Bermejal), adding a new open pit (Guadalupe) and constructing a new CIL plant to process higher-grade ore. The expansion is expected to increase Los Filos production to more than 350,000 oz of gold per year. Leagold commenced the expansion project in Q3 2019, completing an access road to allow the start of stripping from the Guadalupe open pit and commencing work for additional ventilation for Bermejal underground development. Equinox Gold is evaluating the benefits of constructing a larger CIL plant than the originally contemplated 4,000 t/d plant, which would increase the current feasibility estimate for construction capital of $115.0 million which includes the CIL plant, power, a tailings filtration system and the associated deposition area. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt; font-size: 10pt; text-align: justify"><B><I>Q3 2020 analysis and outlook</I></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Initial mining in the Guadalupe
        open pit and preparatory work for Bermejal underground mining was suspended at the beginning of April in compliance with the Mexican
        federal government&rsquo;s restrictions related to COVID-19. Development activities resumed in mid-June and progressed well until
        early September, when development activities ceased as the result of a community blockade.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Engineering and optimization studies
        related to the CIL plant have continued. Furthermore, the mine planning and scheduling is being updated to reflect the larger CIL
        plant size, optimized plant layout, expansion of the heap leach operations and higher gold prices. This update is expected to allow
        for conversion of additional ounces from Mineral Resources to Mineral Reserves, which would extend the mine life. The updated studies
        are targeted for completion in early 2021.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Castle Mountain Gold Mine, California, USA</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Castle Mountain is a past-producing
        open-pit heap leach gold mine located in San Bernardino County, California, approximately 200 miles north of Mesquite. Castle Mountain
        produced more than 1.3 million oz of gold from 1992 to 2004 when production ceased due to low gold prices. Castle Mountain&rsquo;s
        key operating permits have been maintained in good standing since production ceased.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company completed a PFS in
        July 2018 with the intention of restarting operations, contemplating a low-cost heap leach gold mine that will produce 2.8 million
        oz of gold over an initial 16-year mine life. The prefeasibility study outlines a two-phase development plan, with annual average
        gold production of 45,000 oz during Phase 1 and annual average gold production of 200,000 oz during Phase&nbsp;2.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Q3 2020 analysis and outlook </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Construction and commissioning
        of the Castle Mountain Phase 1 mine was completed in mid-September and the Company commenced irrigation of the leach pad to leach
        more than 1.7 million tons of ore stacked on the leach pad containing an estimated 11,800 recoverable gold ounces. First gold was
        poured on October 15, 2020.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Loaded carbon from Castle Mountain
        is processed in the carbon stripping and smelting plant at the Company&rsquo;s Mesquite Mine, which is expected to result in increased
        operating efficiencies for both mines. Approximately $59.6 million of the total budgeted spend had been incurred at the end of
        Q3 2020. The total spend at completion is expected to be $61.0 million, reflecting minor scope changes and construction delays
        related to COVID-19.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Phase 2 detailed feasibility study is underway with completion targeted for Q1 2021. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Santa Luz Gold Mine, Bahia, Brazil</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Santa Luz is a past-producing open-pit mine that commenced operations in mid-2013 but was placed on care and maintenance in September 2014 due to process and recovery challenges. In 2017, a previous operator commenced construction of a new ore-processing facility that incorporates the crushing, crushed-ore storage, and semi-autogenous (SAG) mill of the original plan with plans to retrofit the existing plant to use resin-in-leach (&ldquo;RIL&rdquo;) process technology. Following its acquisition of Santa Luz in October 2018, Leagold halted construction in order to complete an independent and updated feasibility study on the project, as well as pilot plant testing of the metallurgy. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">&nbsp;</TD></TR>
</TABLE>
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    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The 2018 updated feasibility study confirmed the planned use of RIL processing. The updated plan for Santa Luz included an open pit mining schedule from the C1 and A3 deposit and an existing stockpile.&nbsp;&nbsp;The project also has further upside of the full life of mine plan and further upside potential from underground mining opportunities. As a previously operating mine, all major infrastructure at Santa Luz is in place and construction will be mostly limited to refurbishing existing infrastructure and retrofitting the plant.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><B><I>Q3 2020 analysis and outlook </I></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company has updated the Santa Luz costs and engineering to support a decision to commence official construction. Project hiring and early works activities commenced in Q2 2020. Of the $10.0 million of expansion capital budgeted for Santa Luz in 2020, the Company spent $1.1 million during the Quarter for a total spend of $1.8 million year to date. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><B>Aurizona Underground Studies, Brazil</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">In May 2020 the Company announced the results of a positive PEA for potential underground development of the Piaba deposit at Aurizona. It is anticipated that the underground deposit could be mined and processed concurrently with mill feed from the open pit at Aurizona, resulting in a higher average mill feed grade. <FONT STYLE="background-color: white">The underground mine would use and benefit from the existing 8,000 t/d process plant and other infrastructure currently used by the operating open-pit mine including power, water and current and expanded tailings storage facilities. No additional processing or other surface infrastructure was contemplated in the PEA and capital estimates are confined to underground mine development and sustaining costs. Initial capital costs are estimated at $69.7&nbsp;million and sustaining capital is estimated at $138.4 million over the duration of the PEA mine plan.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The PEA mine plan incorporates a portion of the Aurizona underground Mineral Resource, estimated at 2.8 million tonnes of Indicated Resources grading 2.73 g/t gold and 6.2 million tonnes of Inferred Resources grading 2.89 g/t gold. Over an estimated ten-year mine life, the underground mine has the potential to produce 740,500 oz of gold in addition to existing open-pit production, and generate $1 billion in revenue and $204 million in after-tax net cash flow at a base case gold price of $1,350&nbsp;per oz. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><FONT STYLE="background-color: white">The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the results contemplated in the PEA will be realized. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><B><I>Q3 2020 analysis and outlook</I></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Equinox Gold continues to advance field work to support completion of a PFS for the Piaba underground mine in 2021. The Company is completing a drill program aimed primarily at converting underground Inferred Resources to Indicated Resources in support of the PFS. The planned 17,000-metre program was expanded to 25,000 metres to improve the understanding of the underground Mineral Resource and include additional deeper targets. A total of 23,093 metres has been drilled to the end of Q3 2020. Early work on advancing the PFS is expected to get underway in Q4 2020 with geotechnical lab work and related modeling as well as updated Mineral Resource modeling.</TD></TR>
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    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Health, Safety, Environment &amp; Community</TD></TR>
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    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Health &amp; Safety</TD></TR>
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    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Equinox Gold worked more than 3.2 million hours with two lost-time injuries during the Quarter, for a total of 9.4 million work hours and eight lost-time injuries year to date. Equinox Gold&rsquo;s Lost-time Injury Frequency Rate at the end of Q3 2020 is 0.82 per million hours worked, which is almost 14% better than the annual target. The Company&rsquo;s Total Recordable Injury Frequency Rate, which is a measure of all injuries that require the attention of medically trained personnel, is 3.79 at the end of Q3 2020, which is 21% better than the target set for 2020.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">As with previous quarters, COVID-19 has provided additional health and safety challenges. Equinox Gold took early precautionary measures at all of its operations to manage issues related to the COVID-19 pandemic with the primary goals of protecting the health, safety and economic wellbeing of the Company&rsquo;s workforce and local communities. Activities have included increased vigilance at site entrances to prevent entry by symptomatic contractors or personnel, promotion of increased hygiene and implementing physical distancing. Personnel in high-risk categories are working from home where possible or are on paid leave, and employees with office-based jobs are working from home with limited re-entry to offices for individuals who cannot work effectively from home. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">During Q2 2020 the Company started proactively testing its workforce for COVID-19. Th<FONT STYLE="color: #222222">e Company has initiated routine COVID-19 testing at all of its sites (primarily using the most effective test, the polymerase chain reaction or PCR test, dependent upon local availability) with </FONT>the objective of identifying carriers early, so they can self-isolate before inadvertently spreading the virus to others. Workers from outside a region are tested for COVID-19 before commencing their journey to site to ensure the virus is not introduced to communities. All individuals who test positive, regardless of whether they show any symptoms, are asked to immediately self-isolate for two weeks and can only return to work once they have tested negative for COVID-19 and been cleared for work by a health professional. While all of the Company&rsquo;s sites have experienced some cases of COVID-19, the vast majority of cases (greater than 95%) have been asymptomatic and of the remainder, only a few have been sufficiently severe to require specialist medical care. Proactive testing, enhanced health and safety measures and the Company&rsquo;s <FONT STYLE="color: #222222">&ldquo;test, trace, isolate&rdquo; protocol have helped the Company to reduce transmission of the COVID-19 virus as much as possible to protect both its workforce and local communities.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">To aid with monitoring and tracing efforts, Equinox Gold is establishing testing laboratories for its operations in the USA and Mexico. The labs will be operated by a third party and will allow the Company to expedite the receipt of test results, extend testing to the families of contractors and employees and expand testing to include region-specific concerns such as Zika and Dengue Fever. The Company&rsquo;s Brazil operations are being serviced by local laboratories.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company is monitoring the COVID-19 situation and updating its operational and safety procedures as required in accordance with guidelines outlined by the World Health Organization, the US Centre for Disease Control and the local, state and federal governments at each operation, and in consultation with epidemiologists. </TD></TR>
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    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Environment</TD></TR>
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    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">In total, there were 40 environmental
        incidents internally reported during the Quarter. Six of these incidents triggered reporting to external agencies or reached the
        threshold for the Company&rsquo;s definition of significance. Three protected lizard species were killed by mine traffic at Los
        Filos; there is now a program in place to detect and relocate the lizards to safer areas of the mine. There were two separate bird
        deaths at Los Filos and one incident of five bird deaths at Castle Mountain from ingesting cyanide. While none of these birds had
        special protection status, any impact on wildlife from cyanide is considered a significant event under Equinox Gold&rsquo;s internal
        standards. These incidents were reported to regulatory authorities and mitigation measures including increased monitoring of leach
        pads, plastic sheeting to prevent wildlife access and burial of drip lines have been implemented to prevent recurrence.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">All of the remaining 34 incidents
        were categorized as either low or minor consequence incidents, with the majority being minor spills that were cleaned up as per
        procedure.</P></TD></TR>
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    <TD STYLE="width: 100%; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Community Engagement</TD></TR>
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    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 3pt; text-align: justify"><FONT STYLE="font-weight: normal">The
        Company continues to engage with local communities to offer support during the COVID-19 pandemic. The Company has been proactively
        communicating and collaborating with local communities, mayors and other local authorities about the health and safety protocols
        adopted by the mine sites. During the Quarter, personal protective equipment and COVID-19 rapid test kits were donated to public
        health care facilities, and food supplies were donated to vulnerable communities. </FONT></P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company invests significantly
        in local infrastructure, health care, education, cultural and community programs, and has continued these programs as much as possible
        during COVID-19, with appropriate health and safety protocols.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Environmental, Social &amp; Governance (ESG) Reporting</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company held a series of management sessions in Q2 2020, facilitated by external consultants, to redefine its ESG strategy. The Company&rsquo;s senior management team discussed issues such as inclusion and diversity, ethics and business conduct, risk management, local employment and procurement, community engagement and development, biodiversity, tailings and waste management, water usage, and climate change. The Company is developing a working plan to establish its commitments and targets and is identifying key performance indicators for external reporting. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">During Q3 2020 the Company started publishing ESG health and safety performance data on its website in the Responsible Mining section. The Company will update this information quarterly and looks forward to expanding its ESG disclosure process as the year unfolds to facilitate an increased level of engagement and discussion with the Company&rsquo;s stakeholders.</TD></TR>
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    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Corporate</TD></TR>
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    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Exercise of Warrants and Options</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">During the Quarter, the Company received proceeds of $11.4 million from the exercise of warrants and options.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Appointment</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">On September 1, 2020, Doug Reddy was promoted from EVP Technical Services to Chief Operating Officer upon the retirement of the Company&rsquo;s previous Chief Operating Officer.</TD></TR>
</TABLE>
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    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.9pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Recent Developments</TD></TR>
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    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">During October 2020 the Company retracted
        production and cost guidance for its Los Filos Mine, announced first gold pour from its Castle Mountain Phase 1 Mine and announced
        an increase to Mineral Reserves and Mineral Resources at its Mesquite Mine.</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">On November 2, 2020, the Company announced
        the appointment of Dr. Sally Eyre to the Company&rsquo;s Board of Directors, effective immediately. The Company also announced
        that Mr. Peter Marrone has stepped down from the Board of Directors.</P></TD></TR>
</TABLE>
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    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Financial Results</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Selected financial results for the three and nine months ended September 30, 2020 and 2019 </TD></TR>
</TABLE>
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    <TD ROWSPAN="2" STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><I>$ amounts in millions, except per share amounts</I></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-align: center; text-indent: -9.35pt">Nine months ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2019</P></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 2.9pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2019<SUP>(1)</SUP></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="width: 3%; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">$</TD>
    <TD STYLE="width: 9%; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">244.5</TD>
    <TD STYLE="width: 3%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">$</TD>
    <TD STYLE="width: 9%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">91.9</TD>
    <TD STYLE="width: 2%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 3%; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">$</TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">589.9</TD>
    <TD STYLE="width: 3%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">$</TD>
    <TD STYLE="width: 9%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">162.7</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Operating expenses</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(110.4)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(49.9)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(284.4)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(98.1)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Depreciation and depletion</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(36.4)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(11.2)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(88.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(19.2)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Earnings from mine operations</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">97.7</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">30.8</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">217.4</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">45.4</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Care and maintenance</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(12.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">-</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(31.2)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Exploration </TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(2.9)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(0.9) </TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(9.5)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(7.0)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">General and administration</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(8.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(3.3)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(24.7)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(10.1)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Income from operations</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">74.6</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">26.5</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">152.0</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">28.2</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Other expense</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(51.7)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(14.9)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(147.8)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(35.7)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Net income (loss) before taxes</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">22.9</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">11.6</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">4.2</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(7.5)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Tax (expense) recovery</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(11.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(3.5)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(48.7)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(4.3)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Net income (loss) and comprehensive income (loss)</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">11.8</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">8.1</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(44.5)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(11.8)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Net income (loss) per share attributable to Equinox Gold shareholders, basic and diluted</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">0.05</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">0.07</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(0.22)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.9pt; text-align: right">(0.09)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="border-top: Black 1.5pt solid; padding-bottom: 3pt; padding-left: 0.25in; font-size: 8pt; text-align: justify; text-indent: -0.25in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>During the three and nine months ended September 30, 2019, the Company had only the Mesquite and Aurizona mines in operation, with the Aurizona mine commencing commercial production on July 1, 2019. During the nine months ended September 30, 2020, it had the Mesquite and Aurizona mines in operation and, on March 10, 2020, added four additional operating mines acquired through the Leagold Merger. As a result, comparisons of Q3 2020 and the nine months ended September 30, 2020 to the same periods in prior year are not meaningful.&nbsp;&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Earnings from mine operations</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: justify">Revenue for Q3 2020 was $244.5
        million (Q3 2019 &ndash; $91.9 million) on sales of 128,437 oz (Q3 2019 &ndash; 62,379 oz) of gold and for the nine months ended
        September 30, 2020 was $589.9 million (nine months ended September 30, 2019 &ndash; $162.7 million) on sales of 336,891 oz (nine
        months ended September 30, 2019 &ndash; 116,473 oz) of gold. The increase in revenue from comparative periods is primarily due
        to increased gold ounces sold as the result of acquiring the Leagold mines in March 2020. Sales from the acquired sites contributed
        139,260 oz for the period from acquisition on March 10, 2020 to September 30, 2020, generating revenue of $247.4 million. The Company&rsquo;s
        realized gold price also increased to $1,899 per oz in Q3 2020 from $1,473 per oz in Q3 2019. For the nine months ended September
        30, 2020, the increase in revenue is also partly attributed to a full period of production from Aurizona, which commenced operations
        on July 1, 2019.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: justify">Operating expenses increased in
        Q3 2020 to $110.4 million (Q3 2019 &ndash; $49.9 million) and for the nine months ended September 30, 2020 to $284.4 million (nine
        months ended September 30, 2019 &ndash; $98.1 million). Depreciation and depletion in Q3 2020 was $36.4 million (Q3 2019 &ndash;
        $11.2 million) and for the nine months ended September 30, 2020 was $88.1 million (nine months ended September 30, 2019 &ndash;
        $19.2 million). The increase from comparative periods in 2019 is due to expanded operations from the addition of the Leagold mines.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Care and maintenance</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Care and maintenance costs in Q3 2020 were $12.1 million (Q3 2019 &ndash; $nil) and for the nine months ended September 30, 2020 were $31.2 million (nine months ended September 30, 2019 &ndash; $nil). Care and maintenance costs in the Quarter were primarily incurred at Los Filos due to the temporary suspension of operations as a result of a community blockade.&nbsp;&nbsp;The Company spent $0.8 million at Santa Luz on care and maintenance in the Quarter.&nbsp;&nbsp;Care and maintenance costs from earlier in 2020 were largely related to temporary suspensions at the Los Filos, RDM and Pilar mines due to the COVID-19 pandemic.&nbsp;&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Exploration</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Exploration in Q3 2020 was $2.9 million (Q3 2019 &ndash; $0.9 million) and for the nine months ended September 30, 2020 was $9.5 million (nine months ended September 30, 2019 &ndash; $7.0 million). The increase in exploration expenditures as compared to Q3 2019 is related to increased exploration activity at a larger number of properties. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">General and administration</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">General and administration expenditures in Q3 2020 were $8.1 million (Q3 2019 &ndash; $3.3 million) and for the nine months ended September 30, 2020 were $24.7 million (nine months ended September 30, 2019 &ndash; $10.1 million). The increase from comparative periods in 2019 was primarily due to non-cash share-based compensation expenses due to the increased number of employees as the Company has grown from a single asset developer to a multi-asset producer. This expense increased in Q3 2020 to $2.0 million (Q3 2019 &ndash; $0.9 million) and for the nine months ended September 30, 2020 to $5.3 million (nine months ended September 30, 2019 &ndash; $3.0 million). The increase was mainly due to higher cash-settled share-based compensation as a result of an increase in the Company&rsquo;s share price. Included in general and administration expenditures for the nine months ended September 30, 2020 was $2.6 million (Q3 2020 &ndash; $nil) in acquisition costs related to the Leagold Merger. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Other expense</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: justify">Other expense is comprised of finance
        (including interest) expense, finance income and other income (expense).</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: justify">Other expense for Q3 2020 was $51.7
        million (Q3 2019 &ndash; $14.9 million) and for the nine months ended September 30, 2020 was $147.8 million (nine months ended
        September 30, 2019 &ndash; $35.7 million). Other expense in Q3 2020 and the nine months ended September 30, 2020 was largely driven
        by losses of $10.2 million and $24.1 million, respectively, on the change in fair value of gold collar and forward swap contracts,
        which were acquired as part of the Leagold Merger. For the three and nine months ended September 30, 2020, losses of $2.7 million
        and $25.2 million, respectively, were recorded on the change in fair value of foreign exchange contracts due to significant depreciation
        of the Brazilian R&eacute;al. The Company also recognized non-cash losses of $8.6 million and $47.3 million for the three and nine
        months ended September 30, 2020, respectively, on the change in fair value of share purchase warrants, which resulted from an increase
        in the Company&rsquo;s share price. The Company&rsquo;s share purchase warrants are considered derivatives for accounting purposes
        as they are to be settled in Canadian dollars, which differs from the Company&rsquo;s US dollar functional currency. Accordingly,
        the Company&rsquo;s share purchase warrants are recorded at fair value with changes in fair value recognized through profit or
        loss.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: justify">Finance expense in Q3 2020 was
        $12.8 million (Q3 2019 &ndash; $5.3 million) and for the nine months ended September 30, 2020 was $31.1 million (nine months ended
        September 30, 2019 &ndash; $12.4 million). The increase from the prior year is due to more interest expense on a larger balance
        of debt.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: justify">Finance income in Q3 2020 was $0.6
        million (Q3 2019 &ndash; $0.1 million) and for the nine months ended September 30, 2020 was $1.3 million (nine months ended September
        30, 2019 &ndash; $1.3 million). The increase is due to interest earned on higher cash balances.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt; font-weight: bold; font-style: italic">Tax expense</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Tax expense in Q3 2020 was $11.1 million (Q3 2019 &ndash; $3.5 million) and for the nine months ended September 30, 2020 was $48.7 million (nine months ended September 30, 2019 &ndash; $4.3 million). The increase in tax expense from comparative periods in the prior year was due to increased taxable income as the result of increased income from owning five additional operating mines. </TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Selected quarterly information</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The following tables set out selected unaudited consolidated quarterly results for the last eight quarters through September 30, 2020:</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><I>$ amounts in millions, except per share amounts</I></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-left: 2.15pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-left: 2.15pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-left: 2.15pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding-left: 2.15pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">December 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2019</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 48%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="width: 3%; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">244.5</TD>
    <TD STYLE="width: 3%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">215.4</TD>
    <TD STYLE="width: 3%; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">130.0</TD>
    <TD STYLE="width: 3%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">119.0</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Operating costs</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(110.4)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(102.0)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(72.0)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(61.0)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Depreciation and depletion</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(36.4)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(35.4)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(16.3)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(19.4)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Earnings from mine operations</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">97.7</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">78.0</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">41.7</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">38.5</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Care and maintenance</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(12.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(18.2)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.9)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Exploration </TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(2.9)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(3.9)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(2.6)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(1.7)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">General and administration</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(8.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(10.0)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(6.6)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(9.9)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Income from operations</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">74.6</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">45.9</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">31.5</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">26.9</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Other income (expense)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(51.7)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(104.6)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">8.4</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(32.6)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Net income (loss) before taxes</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">22.9</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(58.6)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">39.9</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(5.7)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Tax expense</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(11.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(8.2)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(29.4)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(2.8)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Net income (loss) and comprehensive income (loss)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">11.8</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(66.9)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">10.5</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(8.5)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Net income (loss) per share attributable to Equinox Gold shareholders,</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: 2.65pt">Basic</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">0.05</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.29)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">0.08</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.08)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: 2.65pt">Diluted</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">0.05</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.29)</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">0.07</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.08)</TD></TR>
<TR>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-left: 2.15pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2019</P></TD>
    <TD COLSPAN="2" STYLE="text-align: right; vertical-align: bottom; border-bottom: Black 1pt solid; padding-left: 2.15pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2019</P></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding: 1pt 3.35pt 1pt 2.15pt; background-color: #D9D9D9; text-align: right">March 31,<BR>
2019</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0">December 31,</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">2018</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">91.9</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">35.4</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">35.4</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">30.2</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Operating costs</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(49.9)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(24.0)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(24.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(19.0)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Depreciation and depletion</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(11.2)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(3.8)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(4.2)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(4.2)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Earnings from mine operations</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">30.8</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">7.6</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">7.1</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">6.9</TD></TR>
<TR>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Exploration </TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.9)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(3.2)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(2.9)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(3.9)</TD></TR>
<TR>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">General and administration</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(3.3)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(3.7)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(3.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(6.7)</TD></TR>
<TR>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Asset impairment</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">-</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">-</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(13.3)</TD></TR>
<TR>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Income (loss) from operations</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">26.5</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">0.7</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">1.0</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(17.0)</TD></TR>
<TR>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Other expense</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(14.9)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(13.5)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(7.3)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(8.3)</TD></TR>
<TR>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Net income (loss) before taxes</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">11.6</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(12.7)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(6.3)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(25.3)</TD></TR>
<TR>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Tax recovery (expense)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(3.5)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">1.2</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(2.0)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.6)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Net income (loss) and comprehensive income (loss)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">8.1</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(11.5)</TD>
    <TD STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(8.3)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(25.9)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt">Net income (loss) per share attributable to Equinox Gold shareholders, basic and diluted</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">0.07</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.09)</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.07)</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.15pt; text-align: right">(0.25)</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Liquidity and Capital Resources</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Working capital</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">At September 30, 2020, Equinox
        Gold had $310.7 million (December 31, 2019 &ndash; $67.7 million) in unrestricted cash. The Company had working capital of $395.3
        million at September 30, 2020, compared to $16.7 million at December 31, 2019. The increase in working capital from December 31,
        2019 was largely due to the Leagold Merger as well as $174.8 million in proceeds received from warrant and option exercises.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">As at September 30, 2020, trade
        and other receivables were $47.2 million (December 31, 2019 &ndash; $27.4 million) comprised of $7.6 million (December 31, 2019
        &ndash; $nil) receivable from gold sales, $24.8 million of value-added taxes receivable from the Brazilian and Mexican governments
        (December 31, 2019 &ndash; $11.7 million), and $9.3 million (December 31, 2019 &ndash; $12.0 million) receivable from Serabi Gold
        plc from the sale of Anfield&rsquo;s Coringa project.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Current inventory at September
        30, 2020 totalled $214.9 million, up from $46.3 million at December 31, 2019. The increase in inventories was due to the addition
        of inventories acquired as part of the Leagold Merger and an increase in the number of ounces expected to be produced from the
        heap leach at Mesquite within the next twelve months.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Current liabilities at September
        30, 2020 were $202.1 million (December 31, 2019 &ndash; $131.9 million). The increase in current liabilities was mainly due to
        derivative liabilities for gold collars and forward swap contracts assumed in the Leagold Merger and trade accounts payables from
        the Leagold sites.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">In March 2020, the Company drew
        $180 million under its senior secured credit facilities as a cautionary measure given the uncertainty regarding the potential impact
        of the COVID-19 pandemic. The Company had no immediate need for the funds and, in August 2020, the Company repaid $200 million
        principal on its revolving credit facility. Management cannot accurately predict the impact COVID-19 will have on the Company&rsquo;s
        operations, the fair value of the Company&rsquo;s assets, its ability to obtain financing, third parties&rsquo; ability to meet
        their obligations with the Company and the length of travel and quarantine restrictions imposed by governments of the countries
        in which the Company operates.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Cash flow</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company generated $61.3 million
        in cash from operations in Q3 2020 (Q3 2019 - $38.0 million) and $133.6 million in the nine months ended September 30, 2020 (nine
        months ended September 30, 2019 &ndash; $20.8 million). The increase resulted from increased production from six operating mines,
        as compared to two operating mines in Q2 2019, and higher realized gold prices.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Cash used in investing activities
        in Q3 2020 was $45.2 million (Q3 2019 &ndash; $25.4 million) and in the nine months ended September 30, 2020 was $67.6 million
        (nine months ended September 30, 2019 &ndash; $95.6 million). On closing of the Leagold Merger, the Company acquired $55.2 million
        in cash, which was offset by capital expenditures of $47.7 million in the Quarter and $122.0 million for the nine months ended
        September 30, 2020.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Cash used in financing activities
        in Q3 2020 was $196.0 million (Q3 2019 &ndash; $0.2 million cash generated from financing activities) due to repayment of $200
        million of the Company&rsquo;s revolving credit facility in August 2020. For the nine months ended September 30, 2020, cash from
        financing activities was $182.5 million (nine months ended September 30, 2019 &ndash; $58.6 million). The Company has received
        aggregate proceeds of $174.8 million from the exercise of warrants and options in 2020. Additionally, the Company issued $139.3
        million in convertible notes, drew $400 million from its senior secured credit facilities and completed a $40 million private placement
        concurrent with the Leagold Merger. These proceeds were offset by $546.3 million in debt repayments including extinguishment of
        $320 million debt outstanding in Leagold at the acquisition date, and $22.4 million for the Company&rsquo;s Standby Loan and Convertible
        Debenture in Q2 2020.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Share capital transactions</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company issued shares in conjunction with the following transactions during the year: </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 77%; border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="width: 23%; border-bottom: Black 1pt solid; padding: 1pt 2.15pt; text-align: right"># Shares</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Balance December 31, 2019</TD>
    <TD STYLE="padding: 1pt 2.15pt; text-align: right">113,452,363</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.15pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Issued in Leagold Merger</TD>
    <TD STYLE="padding: 1pt 2.15pt; text-align: right">94,635,765</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Issued in private placement</TD>
    <TD STYLE="padding: 1pt 2.15pt; text-align: right">6,472,491</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Issued on exercise of Pacific Road anti-dilution right</TD>
    <TD STYLE="padding: 1pt 2.15pt; text-align: right">461,947</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Issued on exercise of warrants, stock options and vested RSUs</TD>
    <TD STYLE="padding: 1pt 2.15pt; text-align: right">26,847,608</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Balance September 30, 2020</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt; text-align: right">241,870,174</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 3pt 2.15pt; font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Outstanding Share Data</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">As at the date of this MD&amp;A, the Company has 242,006,764 shares issued and outstanding, 3,177,850 shares issuable under stock options, 19,109,784 shares issuable under share purchase warrants and 1,873,199 shares issuable under restricted share units (RSUs). The Company also has 44,458,207 shares issuable under in-the-money convertible notes. The fully diluted outstanding share count is 310,625,804.</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Commitments and Contingencies</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">At September 30, 2020, the Company had the following contractual obligations outstanding:</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">$ amounts in thousands</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">Total</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">Within 1 year</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">1-2<BR>
years</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">2-3<BR>
years</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">3-4<BR>
years</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">4&ndash;5<BR>
years</TD>
    <TD COLSPAN="2" STYLE="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt">Thereafter</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 35%; padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">Loans, borrowings and interest</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 9%; padding: 1pt 2.9pt">687.1</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 8%; padding: 1pt 2.9pt">31.9</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 8%; padding: 1pt 2.9pt">56.1</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 8%; padding: 1pt 2.9pt">56.1</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 8%; padding: 1pt 2.9pt">385.6</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="vertical-align: bottom; width: 7%; padding: 1pt 2.9pt">157.4</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 9%; padding: 1pt 2.9pt">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">Accounts payable and accrued liabilities</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">101.7</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">101.7</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">Reclamation payments<SUP>(1)</SUP></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">147.1</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">5.2</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">6.8</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">9.9</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">7.9</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">8.5</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">108.9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">Purchase commitments</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">52.1</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">43.4</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">8.4</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">0.2</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">0.1</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">0.1</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">0.1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">Gold contracts</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">102.6</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">51.0</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">51.6</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">Foreign exchange contracts</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">23.6</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">21.2</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">2.4</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">-</TD>
    <TD STYLE="padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 2.9pt">-</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">Lease payments</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">17.0</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">5.7</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">4.3</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">4.3</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">2.8</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">0.1</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.9pt">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding: 1pt 2.9pt">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">Total</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">1,131.3</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">260.2</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">129.6</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">70.4</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">396.3</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">165.9</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt">$</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 2.9pt"><FONT STYLE="font-size: 8pt">108.9</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="15" STYLE="padding-right: 2.15pt; padding-bottom: 3pt; padding-left: 0.25in; font-size: 8pt; text-align: justify; text-indent: -0.25in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp; </FONT>Amount represents undiscounted future cash flows.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="15" STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Due to the nature of the Company&rsquo;s
        operations, various legal, tax, environmental and regulatory matters are outstanding from time to time. By their nature, contingencies
        will only be resolved when one or more future events occur or fail to occur. The assessment of contingencies inherently involves
        the exercise of significant judgement and estimates of the outcome of future events. While the outcomes of these matters are uncertain,
        based upon the information currently available, the Company does not believe that these matters in aggregate will have a material
        adverse effect on its consolidated financial statements. In the event that management&rsquo;s estimate of the future resolution
        of these matters changes, the Company will recognize the effects of these changes in its consolidated financial statements in the
        period in which such changes occur.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company is a defendant
in various lawsuits and legal actions, including for alleged fines, taxes and labour related matters in the jurisdictions in which
it operates. Management regularly reviews these lawsuits and legal actions with outside counsel to assess the likelihood that
the Company will ultimately incur a material cash outflow to settle the claim. To the extent management believes it is probable
that a cash outflow will be incurred to settle the claim, a provision for the estimated settlement amount is recorded. At September
30, 2020, the Company recorded a legal provision for these items totaling $12.3 million (December 31, 2019 &ndash; $4.0 million)
which is included in other long-term liabilities.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company is contesting federal
        income and municipal value-added tax assessments in Brazil. Brazilian courts often require a taxpayer to post cash or a guarantee
        for the disputed amount before hearing a case. It can take up to five years to complete an appeals process and receive a final
        verdict. At September 30, 2020, the Company has recorded restricted cash of $4.1 million (December 31, 2019 &ndash; $13.9 million)
        in relation to insurance bonds for tax assessments in the appeals process. The Company may in the future have to post security,
        by way of cash, insurance bonds or equipment pledges, with respect to certain federal income and municipal tax assessments being
        contested, the amounts and timing of which are uncertain. The Company and its advisors believe that the federal income and municipal
        tax assessments which are under appeal are wholly without merit and no provision has been recorded with respect to these matters.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company is reviewing tax contingencies
        in relation to compliance with certain pre-export finance and other loans in Brazil. The outcome of these matters is not readily
        determinable at this time but could have a material impact on the Company.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">In certain jurisdictions where
        the Company operates, entities that are exporters are permitted to maintain offshore bank accounts and are required to register
        all transactions resulting in deposits into and payments out of those accounts. The Company has identified that in certain instances
        it has not registered all transactions prior to 2017. The Company has been advised by its tax and foreign trade legal advisors
        that material fines that could result from non-compliance are imposable under statute with a five-year statute of limitations.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">If the Company is unable to resolve
        all these matters favorably, there may be a material adverse impact on the Company&rsquo;s financial performance, cash flows and
        results of operations.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company will continue to closely
        monitor the COVID-19 situation. Should the duration, spread or intensity of the pandemic further develop in 2020 and 2021, the
        Company&rsquo;s supply chain, market pricing, operations and customer demand could be affected. These factors may further impact
        the Company&rsquo;s operating plan, its liquidity and cash flows, and the valuation of its long-lived assets. The COVID-19 situation
        continues to evolve. The magnitude of its effects on the global economy, and on the Company&rsquo;s financial and operational performance,
        is uncertain at this time.</P></TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Related Party Transactions</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company&rsquo;s Chairman, Ross
        Beaty, is a related party. His $36.0 million subscription for common shares in connection with the Leagold Merger and related financings
        is a related party transaction.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">In June 2020, the Company repaid
        in full the $13.7 million in principal and accrued interest due on the Standby Loan to Mr. Beaty.</P></TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Non-IFRS Measures</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-weight: normal">This MD&amp;A refers to cash costs, cash costs per oz sold, AISC, AISC per oz sold, AISC contribution margin, adjusted net income, adjusted EPS, mine-site free cash flow, adjusted EBITDA, net debt, and sustaining and expansion capital expenditures that are measures with no standardized meaning under International Financial Reporting Standards (&ldquo;IFRS&rdquo;), i.e. they are non-IFRS measures, and may not be comparable to similar measures presented by other companies. Their measurement and presentation is consistently prepared and is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Cash costs and cash costs per oz sold</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Cash costs is a common financial performance measure in the gold mining industry; however, it has no standard meaning under IFRS. The Company reports total cast costs on a per oz sold basis. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company&rsquo;s performance and ability to generate operating income and cash flow from mining operations. Cash costs include mine site operating costs, but are exclusive of amortization, reclamation, capital and exploration costs and net of by-product sales and then divided by ounces sold to arrive at cash costs per oz. The measure is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">AISC per oz sold</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company is reporting AISC per oz of gold sold. The methodology for calculating AISC was developed internally and is calculated below, and readers should be aware that this measure does not have a standardized meaning. Current IFRS measures used in the gold industry, such as operating expenses, do not capture all of the expenditures incurred to discover, develop and sustain gold production. The Company believes the AISC measure provides further transparency into costs associated with producing gold and will assist analysts, investors and other stakeholders of the Company in assessing its operating performance, its ability to generate free cash flow from current operations and its overall value.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><B>Cash cost and AISC reconciliation </B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The following table provides a reconciliation of cash costs per oz of gold sold and AISC per oz of gold sold to the most directly comparable IFRS measure on an aggregate basis. </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt"><I>$&rsquo;s in millions, except oz and per oz figures</I></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Nine months ended</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0">September 30,</P>
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0">2020</P></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0">June 30,</P>
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0">2020</P></TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0">March 31,</P>
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 1pt 0">2020</P></TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 43%; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Gold oz sold</TD>
    <TD STYLE="width: 2%; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%; border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9">128,437</TD>
    <TD STYLE="text-align: right; width: 15%; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">125,824</TD>
    <TD STYLE="text-align: right; width: 13%; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">82,629</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9">336,891</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Operating expenses</TD>
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">$</TD>
    <TD STYLE="text-align: right; padding: 1pt 5.75pt; background-color: #D9D9D9">110.4</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">102.0</TD>
    <TD STYLE="text-align: right; padding: 1pt 4.3pt">72.0</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">284.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Add: other adjustments<SUP>(1)</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9">0.8</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">2.1</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">0.3</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">3.2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Total cash costs</TD>
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 5.75pt; background-color: #D9D9D9">111.2</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">104.1</TD>
    <TD STYLE="text-align: right; padding: 1pt 4.3pt">72.3</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">287.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Cash costs per gold oz sold</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">$</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9">866</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">827</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">875</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9">854</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Total cash costs</TD>
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">$</TD>
    <TD STYLE="text-align: right; padding: 1pt 5.75pt; background-color: #D9D9D9">111.2</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">104.1</TD>
    <TD STYLE="text-align: right; padding: 1pt 4.3pt">72.3</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">287.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Add: Sustaining capital expenditures</TD>
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 5.75pt; background-color: #D9D9D9">19.3</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">13.3</TD>
    <TD STYLE="text-align: right; padding: 1pt 4.3pt">8.3</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">40.9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 30.35pt; text-indent: -9.35pt">Reclamation expenses</TD>
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 5.75pt; background-color: #D9D9D9">1.8</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">1.9</TD>
    <TD STYLE="text-align: right; padding: 1pt 4.3pt">1.3</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">5.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 30.35pt; text-indent: -9.35pt">Sustaining exploration expensed</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9">0.6</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">0.3</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">0.3</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">1.2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Total AISC</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9">132.9</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">119.6</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">82.2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">334.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">AISC per gold oz sold</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">$</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9">1,035</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt">950</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt">994</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9">993</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding-right: 4.3pt; padding-bottom: 3pt; padding-left: 0.25in; font-size: 8pt; text-align: justify; text-indent: -0.25in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp; </FONT>Other adjustments primarily relate to lease payments at RDM.</TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 32 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 6pt 4.3pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Sustaining and expansion capital reconciliation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 4.3pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The following table provides a reconciliation of sustaining and expansion capital to the most directly comparable IFRS measure on an aggregate basis. </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 2.9pt; padding-bottom: 1pt; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center">Nine months ended</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt"><I>$&rsquo;s in millions</I></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Capital additions on mineral properties, plant and equipment<SUP>(1)</SUP></TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">38.7</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">56.4</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">51.9</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">147.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Less: Expansion capital expenditures</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">(5.9)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(11.7)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(8.5)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(26.1)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 24.75pt; text-indent: 0in">Capital expenditures from development projects and corporate<SUP>(2)</SUP></TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">(12.5)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(15.0)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(13.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(40.6)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 24.75pt; text-indent: -0.5pt">Other non-cash additions<SUP>(3)</SUP></TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">(1.0)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(16.4)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(22.0)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(39.4)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Sustaining capital expenditures</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">19.3</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">13.3</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">8.3</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">40.9</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify; text-indent: -0.25in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT>Additions for the nine months ended September 30, 2020 are per note 6 of the condensed consolidated interim financial statements.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify; text-indent: -0.25in">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT>For the three months ended September 30, 2020, June 30, 2020 and March 31, 2020, expansion capital expenditures includes
        Castle Mountain construction expenditures and pre-production inventory classified as construction-in-progress and Santa Luz early
        construction expenditures.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 0.25in; text-align: justify; text-indent: -0.25in">(3)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT>Non-cash additions include right-of-use assets associated with leases recognized in the period and increases to reclamation
        assets arising from changes in discount rate and inflation rate assumptions in the reclamation provision.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 6pt 4.3pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Total mine-site free cash flow</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="border-bottom: Black 1.5pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Mine-site free cash flow is a non-IFRS
        financial performance measure. The Company believes this to be a useful indicator of its ability to operate without reliance on
        additional borrowing or usage of existing cash. Mine-site free cash flow is intended to provide additional information only and
        does not have any standardized meaning under IFRS and may not be comparable to similar measures of performance presented by other
        mining companies. Mine-site free cash flow should not be considered in isolation or as a substitute for measures of performance
        prepared in accordance with IFRS.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The following table provides a
        reconciliation of mine-site free cash flow to the most directly comparable IFRS measure on an aggregate basis:</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Nine months ended</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt"><I>$&rsquo;s in millions</I></TD>
    <TD COLSPAN="2" STYLE="text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Operating cash flow before non-cash changes in working capital</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">$</TD>
    <TD COLSPAN="2" STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">89.6</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">59.9</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">20.3</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">169.8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Add: Operating cash flow used by non-mine site activity<SUP>(1)</SUP></TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">31.3</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">34.9</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">35.3</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">101.6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Cash flow from operating mine sites</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">120.9</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">94.8</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">55.6</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">271.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Mineral property, plant and equipment additions</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">38.7</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">56.4</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">51.9</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">147.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Less: Capital expenditures from development projects and corporate and other non-cash additions</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">(13.5)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(31.4)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(35.1)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(80.0)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Capital expenditure from operating mine sites</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">25.2</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">24.9</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">16.8</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">67.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Total mine site free cash flow</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt">$</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">95.7</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">69.9</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">38.8</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">204.4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 2.15pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 5.75pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 4.3pt; padding-left: 4.3pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 4.3pt; padding-left: 4.3pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 4.3pt; padding-left: 4.3pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 4.3pt; padding-left: 4.3pt; font-size: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding-right: 2.15pt; padding-bottom: 3pt; padding-left: 0.25in; font-size: 8pt; text-align: justify; text-indent: -0.25in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>Includes taxes paid which are not factored into mine site free cash flow and finance fees paid which are included in operating cash flow before non-cash changes in working capital on the statement of cash flows.</TD></TR>
<TR>
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 33 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">EBITDA, adjusted EBITDA and AISC contribution margin</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use adjusted EBITDA and all-in sustaining contribution margin to evaluate the Company&rsquo;s performance and ability to generate cash flows and service debt. Adjusted EBITDA is defined as earnings before interest, tax, depreciation, and amortization, adjusted to exclude specific items that are significant but not reflective of the underlying operating performance of the Company, such as the impact of fair value changes in the value of warrants, foreign exchange contracts and gold contracts, unrealized foreign exchange gains and losses, and share-based compensation. It is also adjusted to exclude items whose timing or amount cannot be reasonably estimated in advance or that are not considered representative of core operating performance, such as impairments and gains and losses on disposals of assets. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The following tables provides the calculation of AISC contribution margin and adjusted EBITDA, as adjusted and calculated by the Company for the three months ended September 30, 2020, June 30, 2020 and March 31, 2020, and the nine months ended September 30, 2020.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 6pt 4.3pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-weight: normal"><I>AISC Contribution Margin</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center">Nine months ended</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt"><I>$&rsquo;s in millions</I></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2019</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Revenue</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">$</TD>
    <TD COLSPAN="2" STYLE="background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">244.5</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">215.4</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">130.0</TD>
    <TD STYLE="padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">589.9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Less: AISC</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">(132.9)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(119.6)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(82.2)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(334.6)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">AISC contribution margin</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt">$</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.75pt; text-align: right">111.6</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">95.8</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">47.8</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">255.3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 2.15pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 5.75pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 4.3pt; padding-left: 4.3pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 4.3pt; padding-left: 4.3pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 4.3pt; padding-left: 4.3pt; font-size: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 4.3pt; padding-left: 4.3pt; font-size: 1pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 6pt 4.3pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold"><FONT STYLE="font-weight: normal"><I>Adjusted EBITDA</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center">Nine months ended</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt"><I>$&rsquo;s in millions</I></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Net income (loss) before tax</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">$</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">22.9</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(58.5)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">39.9</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">4.2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Depreciation and depletion</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">36.6</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">35.6</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">16.5</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">88.7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Finance costs</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">12.8</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">11.4</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">6.9</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">31.1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Finance income</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">(0.6)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(0.4)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(0.3)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(1.3)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">EBITDA</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">71.7</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(11.9)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">63.0</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">122.7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Non-cash share-based compensation</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">2.0</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">3.2</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">0.1</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">5.3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Non-cash change in fair value of warrants</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">8.6</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">48.8</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(10.1)</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">47.3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Unrealized loss (gain) on gold contracts</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">10.1</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">37.6</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(23.7)</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">24.1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Unrealized loss (gain) on foreign exchange contracts</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">2.7</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">4.1</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">18.5</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">25.2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Unrealized foreign exchange (gains) losses</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">(0.8)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(5.1)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(7.5)</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(13.4)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Other expenses (income)<SUP>(1)</SUP></TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">5.1</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">0.7</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">6.1</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">11.8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Adjusted EBITDA</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt">$</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">99.4</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">77.4</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">46.4</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">223.2</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding-right: 2.15pt; padding-bottom: 3pt; padding-left: 0.25in; font-size: 8pt; text-align: justify; text-indent: -0.25in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp; </FONT>For the three months ended March 31, 2020, other expenses primarily relates to $6.9 million in expected credit losses recognized.</TD></TR>
<TR>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 34 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Adjusted net income and adjusted EPS</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Adjusted net income and adjusted EPS are used by management and investors to measure the underlying operating performance of the Company. Adjusted net income is defined as net income adjusted to exclude specific items that are significant but not reflective of the underlying operating performance of the Company, such as the impact of fair value changes in the value of warrants, foreign exchange contracts and gold contracts, unrealized foreign exchange gains and losses, share-based compensation. It is also adjusted to exclude items whose timing or amount cannot be reasonably estimated in advance or that are not considered representative of core operating performance, such as impairments and gains and losses on disposals of assets. Adjusted net income per share amounts are calculated using the weighted average umber of shares outstanding on a basic and diluted basis as determined by IFRS. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The following table provides the calculation of adjusted net income and adjusted EPS, as adjusted and calculated by the Company for the three months ended September 30, 2020, June 30, 2020 and March 31, 2020, and the nine months ended September 30, 2020.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">Three months ended</TD>
    <TD STYLE="border-top: Black 1.5pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; padding: 1pt 2.9pt 1pt 9.35pt; text-align: center">Nine months ended</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt"><I>$&rsquo;s in millions</I></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right; vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9">September 30, 2020</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Basic weighted average shares outstanding</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">241,249,679</TD>
    <TD STYLE="text-align: right; padding: 1pt 4.3pt">227,940,632</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">138,000,552</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 1pt 4.3pt; background-color: #D9D9D9">202,538,753</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Diluted weighted average shares outstanding</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">244,066,116</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding: 1pt 4.3pt">278,157,604</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">166,823,379</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9">244,603,062</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Net income (loss) attributable to Equinox Gold shareholders</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">11.8</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(66.9)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">10.5</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(44.5)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Add: Non-cash share-based compensation</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">2.0</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">3.2</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">0.1</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">5.3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Non-cash change in fair value of warrants</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">8.6</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">48.8</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(10.1)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">47.3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Unrealized loss (gain) on gold contracts</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">10.1</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">37.6</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(23.7)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">24.1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Unrealized loss (gain) on foreign exchange contracts</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">2.7</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">4.1</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">18.5</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">25.2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Unrealized foreign exchange (gains) losses</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">(0.8)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(5.1)</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">(7.5)</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(13.4)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Other expenses (income)<SUP>(1)</SUP></TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">5.1</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">0.7</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">6.0</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">11.8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Unrealized foreign exchange (gains) losses recorded in deferred tax expense</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">(0.2)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(3.3)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">19.6</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">16.0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Adjusted net income</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">39.3</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">19.1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">13.4</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">71.9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Per share &ndash; basic ($/share)</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">0.16</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">0.08</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">0.10</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">0.35</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt 1pt 9.35pt; text-indent: -9.35pt">Per share &ndash; diluted ($/share)</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 5.75pt; background-color: #D9D9D9; text-align: right">0.16</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">0.07</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">0.08</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding-top: 1pt; padding-right: 4.3pt; padding-left: 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">0.29</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="padding-right: 2.15pt; padding-bottom: 3pt; padding-left: 0.25in; font-size: 8pt; text-align: justify; text-indent: -0.25in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp; </FONT>For the three months ended March 31, 2020, other expenses primarily relates to $6.9 million in expected credit losses recognized. </TD></TR>
<TR>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Net debt</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="border-bottom: Black 1.5pt solid; padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The Company believes that in addition to conventional measures prepared in accordance with IFRS, the Company and certain investors and analysts use net debt to evaluate the Company&rsquo;s performance.&nbsp;&nbsp;Net debt does not have any standardized meaning prescribed under IFRS, and therefore it may not be comparable to similar measures employed by other companies.&nbsp;&nbsp;The data are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performances prepared in accordance with IFRS.&nbsp;&nbsp;Net debt is calculated as the sum of the current and non-current portions of long-term debt net of the cash and cash equivalent balance as at the balance sheet date.&nbsp;&nbsp;A reconciliation of net debt is provided below.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 2.15pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="width: 3%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 4.3pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">September 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">June 30,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">March 31,</P>
        <P STYLE="text-align: right; font: 9pt Arial, Helvetica, Sans-Serif; margin: 1pt 0">2020</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Current portion of loans and borrowings</TD>
    <TD STYLE="padding: 1pt 4.3pt 1pt 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">6.7</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">-</TD>
    <TD STYLE="padding: 1pt 4.3pt; text-align: right">22.0</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Non-current loans and borrowings</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 4.3pt 1pt 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">536.4</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">738.4</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">727.9</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Total debt</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 4.3pt 1pt 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">543.1</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 4.3pt; text-align: right">738.4</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 4.3pt; text-align: right">749.9</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Less: Cash and cash equivalents (unrestricted)</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 1pt 4.3pt 1pt 5.95pt; text-align: right; text-indent: -5.95pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">(310.7)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(494.1)</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 1pt 4.3pt; text-align: right">(303.1)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 2.15pt 1pt 9.35pt; text-indent: -9.35pt">Net debt</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt 1pt 5.95pt; text-align: right; text-indent: -5.95pt">$</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; background-color: #D9D9D9; text-align: right">232.4</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">244.2</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 1pt 4.3pt; text-align: right">446.8</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Accounting Matters</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Significant accounting policies</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Except as described below, the accounting policies applied in the condensed consolidated interim financial statements are the same as those applied in the Company&rsquo;s annual audited consolidated financial statements for the year ended December 31, 2019.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt"><I>Depletion of mineral properties</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">The carrying amounts of mineral properties are amortized using the units-of-production method over the estimated recoverable ounces, which is the estimated total ounces to be extracted in current and future periods based on proven and probable reserves, and, in the case of certain underground mines, certain measured and indicated resources.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Use of judgement and estimates</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">In preparing the Company&rsquo;s condensed consolidated interim financial statements in conformity with IFRS, management has made judgements, estimates and assumptions that affect the application of the Company&rsquo;s accounting policies and the reported amounts of assets, liabilities, income and expense. Actual results may differ. Significant judgements made by management in applying the Company&rsquo;s accounting policies and key sources of estimation uncertainty were the same as those applied in the consolidated financial statements for the year ended December 31, 2019, except as noted below: </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt 22.25pt; text-indent: -22.25pt; font-size: 10pt; text-align: justify; line-height: 12pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Acquisitions</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt 22.1pt; font-size: 10pt; text-align: justify; line-height: 12pt">On the acquisition of a set of assets and liabilities, a company must determine whether what was acquired includes the inputs, processes and outputs necessary to constitute a business as defined in IFRS 3 &ndash; <I>Business Combinations</I>. If an acquired set of assets and liabilities includes goodwill, the set is presumed to be a business. Based on an assessment of the relevant facts and circumstances, the Company concluded that the acquisition of Leagold on March 10, 2020 met the criteria of a business combination and that Equinox Gold was the acquirer. </TD></TR>
</TABLE>
<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 3pt 2.15pt 5pt 22.25pt; text-indent: -22.25pt; font-size: 10pt; text-align: justify; line-height: 12pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Fair value of assets and liabilities acquired</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt 22.5pt; text-align: justify">Accounting for acquisitions
        requires estimates with respect to the fair value of the assets and liabilities acquired. Such estimates require valuation methods
        including discounted cash flows, depreciated replacement costs and other methods. These models use forecasted cash flows, discount
        rates, current replacement costs and other assumptions. Changes in these assumptions changes the value assigned to the acquired
        assets and liabilities and goodwill, if any.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt 22.5pt; text-align: justify">Significant assumptions
        related to the Leagold Merger are disclosed in note 4 of the condensed consolidated interim financial statements.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt 22.25pt; text-indent: -22.25pt; font-size: 10pt; text-align: justify; line-height: 12pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Commencement of commercial production</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt 22.5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Management considers several factors in determining when a mining property is capable of operating at levels intended by management.&nbsp;&nbsp;Until a mine is capable of operating at levels intended by management, costs incurred are capitalized as part of the costs of the related mining properties and proceeds from mineral sales are offset against costs capitalized.&nbsp;&nbsp;Depletion of capitalized costs for mining properties begins when the mine is capable of operating at levels intended by management. Amongst other quantitative and qualitative factors, plant utilization, stacking rates and irrigation rates over a specified period were utilized in determining the appropriate timing for a heap leach operation.&nbsp;&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Internal Controls Over Financial Reporting and Disclosure Controls and Procedures</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Management is responsible for establishing
        and maintaining adequate internal control over financial reporting and disclosure controls and procedures.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">During the three and nine months
        ended September 30, 2020, the Company implemented social distancing protocols, as per recommended COVID-19 health and safety guidelines,
        to have the majority of its corporate office and site administrative staff work remotely from home. This change has required certain
        processes and controls that were previously done or documented manually to be completed and retained in electronic form. During
        the three months ended June 30, 2020, Equinox Gold substantially completed the implementation of a new Enterprise Resource Planning
        (&ldquo;ERP&rdquo;) system. The implementation of that ERP system is expected to, among other things, improve user access security
        and automate a number of accounting, back office and reporting processes and activities, thereby decreasing the amount of manual
        processes previously required. Except for the implementation of the new ERP system, there was no change in our internal control
        over financial reporting that occurred during the nine month period ended September 30, 2020, that materially affected, or is reasonably
        likely to materially affect, our internal control over financial reporting.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Under the supervision and with
        the participation of management, including the Chief Executive Officer and Chief Financial Officer, management will continue to
        monitor and evaluate the design and effectiveness of its internal control over financial reporting and disclosure controls and
        procedures, and may make modifications from time to time as considered necessary.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company&rsquo;s management,
        including the Chief Executive Officer and Chief Financial Officer believe that any disclosure controls and procedures or internal
        control over financial reporting, can provide only reasonable, but not absolute, assurance that the objectives of the control system
        are met. These inherent limitations include the realities that judgements in decision making can be faulty, and that breakdowns
        can occur because of simple error or mistake. Additionally, controls can be circumvented by the actions of one individual, by collusion
        of two or more people, or by unauthorised override of the control. Accordingly, because of the inherent limitations in a control
        system, misstatements due to error or fraud may occur and not be detected.</P></TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Cautionary Notes and Forward-looking Statements</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">This MD&amp;A contains
certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and
may include future-oriented financial information. Forward-looking statements and forward-looking information in this MD&amp;A
relate to, among other things: the duration, extent and other implications of the novel coronavirus (COVID-19) and any related
restrictions, regulations and suspensions with respect to our operations, the duration, extent and other implications of the community
blockade at Los Filos, the potential to complete planned expansion projects at Castle Mountain and Los Filos, the ability to complete
construction and restart production at Santa Luz, the potential to develop the underground deposit at Aurizona, the strategic
vision for the Company and expectations regarding expanding production capabilities and future financial or operational performance,
Equinox Gold&rsquo;s production and cost guidance; and conversion of Mineral Resources to Mineral Reserves. Forward-looking statements
or information generally identified by the use of the words &ldquo;believe&rdquo;, &ldquo;will&rdquo;, &ldquo;advancing&rdquo;,
&ldquo;strategy&rdquo;, &ldquo;plans&rdquo;, &ldquo;budget&rdquo;, &ldquo;anticipated&rdquo;, &ldquo;expected&rdquo;, &ldquo;estimated&rdquo;,
&ldquo;target&rdquo;, &ldquo;objective&rdquo; and similar expressions and phrases or statements that certain actions, events or
results &ldquo;may&rdquo;, &ldquo;could&rdquo;, or &ldquo;should&rdquo;, or the negative connotation of such terms, are intended
to identify forward-looking statements and information. Although the Company believes that the expectations reflected in such
forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements since
the Company can give no assurance that such expectations will prove to be correct. The Company has based these forward-looking
statements and information on the Company&rsquo;s current expectations and projections about future events and these assumptions
include: tonnage of ore to be mined and processed; ore grades and recoveries; prices for gold remaining as estimated; development
at Los Filos, Castle Mountain, Santa Luz and Aurizona being completed and performed in accordance with current expectations; currency
exchange rates remaining as estimated; availability of funds for the Company&rsquo;s projects and future cash requirements; capital,
decommissioning and reclamation estimates; the Company&rsquo;s Mineral Reserve and Resource estimates and the assumptions on which
they are based; prices for energy inputs, labour, materials, supplies and services; no labour-related disruptions and no unplanned
delays or interruptions in scheduled development and production, including by blockade; all necessary permits, licenses and regulatory
approvals are received in a timely manner; and the Company&rsquo;s ability to comply with environmental, health and safety laws.
While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be
incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained
in this MD&amp;A.</P></TD></TR>
</TABLE>
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The Company cautions that forward-looking
        statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments
        to differ materially from those expressed or implied by such forward-looking statements and information contained in this MD&amp;A
        and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without
        limitation: fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services; fluctuations
        in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and
        hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding
        and severe weather); inadequate insurance, or inability to obtain insurance to cover these risks and hazards; employee relations;
        relationships with, and claims by, local communities and indigenous populations; the Company&rsquo;s ability to obtain all necessary
        permits, licenses and regulatory approvals in a timely manner or at all; changes in laws, regulations and government practices,
        including environmental, export and import laws and regulations; legal restrictions relating to mining including those imposed
        in connection with COVID-19; risks relating to expropriation; increased competition in the mining industry; and other risk factors
        identified in the Company&rsquo;s continuous disclosure documents. The exploration and development of natural resources is highly
        speculative and the Company&rsquo;s business operations, investments and prospects are subject to significant risks, as disclosed
        in the Company&rsquo;s MD&amp;A dated February 28, 2020 for the year ended December 31, 2019 and its Annual Information Form dated
        May 13, 2020, which are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/EDGAR.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Forward-looking statements and
        information are designed to help readers understand management's views as of that time with respect to future events and speak
        only as of the date they are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly
        announce the results of any change to any forward-looking statement or information contained or incorporated by reference to reflect
        actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking
        statements and information. If the Company updates any one or more forward-looking statements, no inference should be drawn that
        the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements
        and information contained in this MD&amp;A are expressly qualified in their entirety by this cautionary statement.</P></TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify"><B>Estimates of Measured, Indicated
        and Inferred Mineral Resources </B></P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Information regarding reserve and
        resource estimates has been prepared in accordance with Canadian standards under applicable Canadian securities laws and may not
        be comparable to similar information for United States companies. The terms &ldquo;Mineral Resource&rdquo;, &ldquo;Measured Mineral
        Resource&rdquo;, &ldquo;Indicated Mineral Resource&rdquo; and &ldquo;Inferred Mineral Resource&rdquo; used in this MD&amp;A are
        Canadian mining terms as defined in accordance with NI 43-101 under guidelines set out in the Canadian Institute of Mining, Metallurgy
        and Petroleum (&ldquo;CIM&rdquo;) Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council on May 10, 2014.
        While the terms &ldquo;Mineral Resource&rdquo;, &ldquo;Measured Mineral Resource&rdquo;, &ldquo;Indicated Mineral Resource&rdquo;
        and &ldquo;Inferred Mineral Resource&rdquo; are recognized and required by Canadian regulations, they are not defined terms under
        standards of the United States Securities and Exchange Commission. Under United States standards, mineralization may not be classified
        as a &ldquo;reserve&rdquo; unless the determination has been made that the mineralization could be economically and legally produced
        or extracted at the time the reserve calculation is made. As such, certain information contained in this MD&amp;A concerning descriptions
        of mineralization and resources under Canadian standards is not comparable to similar information made public by United States
        companies subject to the reporting and disclosure requirements of the United States Securities and Exchange Commission. While an
        &ldquo;Inferred Mineral Resource&rdquo; has a great amount of uncertainty as to its existence and as to its economic and legal
        feasibility, it is reasonably expected that the majority of &ldquo;Inferred Mineral Resources&rdquo; could be upgraded to &ldquo;Indicated
        Mineral Resources&rdquo; with continued exploration. Under Canadian rules, estimates of Inferred Mineral Resources may not form
        the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of Measured or Indicated
        Resources will ever be converted into Mineral Reserves. Readers are also cautioned not to assume that all or any part of an &ldquo;Inferred
        Mineral Resource&rdquo; exists or is economically or legally mineable. In addition, the definitions of &ldquo;Proven Mineral Reserves&rdquo;
        and &ldquo;Probable Mineral Reserves&rdquo; under CIM standards differ in certain respects from the standards of the United States
        Securities and Exchange Commission.</P></TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding: 12pt 2.15pt 3pt; font-weight: bold; text-align: justify; font-size: 10pt; color: #21405E; text-transform: uppercase">Technical Information</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 2.15pt 5pt; font-size: 10pt; text-align: justify; line-height: 12pt">Doug Reddy, P.Geo, Chief Operating Officer, and Scott Heffernan, MSc, P.Geo., EVP Exploration, are the Qualified Persons under NI 43-101 for Equinox Gold and have reviewed, approved and verified the technical content of this document.</TD></TR>
</TABLE>
<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt; text-transform: uppercase; text-align: center">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="padding-left: 4pt; width: 100%"><IMG SRC="logo_header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5pt; text-align: justify"><B>Management&rsquo;s Discussion and Analysis</B></P><P STYLE="margin: 0; font: 8pt/107% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;For the three and nine months ended September 30, 2020</P><!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --><P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0"></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/Normal Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="25" STYLE="border-bottom: Black 1pt solid; padding: 10pt 2.15pt 3pt; font-weight: bold; text-align: center; font-size: 10pt; color: #21405E; text-transform: uppercase">Appendix</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="25" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: center; font-weight: bold">Mesquite Mineral Reserve Estimate at June 30, 2020</TD></TR>
<TR>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 8pt"><B>Ore Type</B></FONT></TD>
    <TD COLSPAN="7" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Proven Reserves</B></FONT></TD>
    <TD COLSPAN="8" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Probable Reserves</B></FONT></TD>
    <TD COLSPAN="7" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Proven &amp; Probable Reserves</B></FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Tonnes<BR>
(kt)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Gold Grade (g/t)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Contained Gold <BR>
(koz)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Tonnes<BR>
(kt)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Gold Grade (g/t)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Contained Gold <BR>
(koz)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Tonnes<BR>
(kt)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Gold Grade (g/t)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Contained Gold (koz)</B></FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 8pt">Oxide</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">18,559</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.40</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">239</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">18,559</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.40</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">239</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 8pt">Transition</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">10</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.98</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">2,968</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.62</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">59</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">2,978</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.62</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">59</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 8pt">Non-oxide</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">105</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">1.04</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">4</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">16,173</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.69</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">356</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">16,278</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.69</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">360</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 8pt"><B>Total </B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>115</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>1.05</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>4</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>37,700</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>0.54</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>654</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>37,815</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>0.54</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>658</B></FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="25" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 7pt">Notes: This Mineral Reserve estimate has an effective date of June 30, 2020 and is based on the Mineral Resource estimate prepared by Ali Shakar (Lions Gate Geological Consulting Inc.) The Mineral Reserve calculation was completed under the supervision of Gordon Zurowski, P.Eng. (AGP Mining Consultants Inc.), who is a Qualified Person as defined under NI 43-101. Mineral Reserves are stated within the final design pit based on a $1,350/oz gold price. The cut-off grade varied by material type from 0.14 g/t for oxide and oxide-transition and 0.31 g/t for non-oxide materials. The mining cost averaged $1.60/t mined, processing costs are $2.26/t ore and G&amp;A was $0.77/t ore placed. The gold recoveries were 75% for oxide and 35% for non-oxide material. Oxide ore includes dump material identified as reserves.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="25" STYLE="padding-right: 2.15pt; padding-bottom: 3pt; padding-left: 2.15pt; font-size: 10pt; text-align: center; font-weight: bold">Mesquite Mineral Resource Estimate (Exclusive of Reserves) at June 30, 2020</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 2pt 0; text-align: justify"><B>&nbsp;</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 2pt 0; text-align: justify"><B>Ore Type</B></P></TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Measured</B></FONT></TD>
    <TD COLSPAN="7" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Indicated</B></FONT></TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Measured &amp; Indicated</B></FONT></TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Inferred</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Tonnes(kt)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Grade (g/t)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Gold (koz)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Tonnes(kt)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Grade (g/t)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Gold (koz)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Tonnes(kt)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Grade (g/t)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Gold (koz)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Tonnes(kt)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Grade (g/t)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Gold (koz)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 8pt">Oxide</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">5</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.65</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">10,434</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.40</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">133</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">10,439</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.40</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">133</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">11,138</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.41</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">145</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 8pt">Non-oxide</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">40</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.40</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">33,572</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.50</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">543</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">33,612</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.50</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">544</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">21,395</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.44</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">303</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 8pt">Dumps</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">22,695</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.22</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">160</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">22,695</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.22</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">160</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">36,654</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">0.22</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">255</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 8pt"><B>Total</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>45</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>0.42</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>66,701</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>0.39</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>836</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>66,746</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>0.39</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>837</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>69,187</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>0.32</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>703</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: justify; line-height: Normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="25" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 7pt">Notes: Mineral Resources have an effective date of June 30, 2020 and are reported exclusive of Mineral Reserves. Mineral Resources were restricted between the December 31, 2019 Reserve pit designs and the ultimate resource limiting pit shell based on a gold price of $1,500/oz, a mining cost of $1.60/t mined, a processing cost of $2.26/t ore and G&amp;A of $0.77/t ore. Oxide and oxide transition have an assumed recovery of 75% and cut-off grade of 0.09 g/t. Non-oxide and non-oxide transition have an assumed recovery of 35% and cut-off grade of 0.18 g/t. Waste dump material has an assumed recovery of 75% and cut-off grade of 0.14 g/t. Ali Shahkar P.Eng. of Lions Gate Geological Consulting Inc. is the Qualified Person under NI 43-101 responsible for the in-situ mineral resource estimation. Robert Sim, P.Geo. of SIM Geological Inc. is the Qualified Person under NI 43-101 responsible for the waste dump mineral resource estimation. Numbers may appear not to sum properly due to rounding. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. See Cautionary Notes and Technical Information sections of this MD&amp;A.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="25" STYLE="padding: 6pt 2.15pt 3pt; font-size: 10pt; text-align: justify; font-weight: bold">Qualified Persons</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="25" STYLE="padding-right: 2.15pt; padding-left: 2.15pt">
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Ali Shahkar, P.Eng. of Lions Gate
        Geological Consulting Inc., is the Qualified Person under National Instrument 43-101 (&ldquo;NI 43-101&rdquo;) responsible for
        the in-situ Mineral Resource estimation. Robert Sim, P.Geo. of SIM Geological Inc., is the Qualified Person under NI 43-101 responsible
        for the waste dump Mineral Resource estimation. The Mineral Reserve calculation was completed under the supervision of Gordon Zurowski,
        P.Eng. of AGP Mining Consultants, who is a Qualified Person as defined under NI 43-101. These Qualified Persons are independent
        of the Company and have reviewed and approved of the contents of this MD&amp;A. The Mineral Reserve and Mineral Resource estimates
        were prepared in accordance with standards as defined by the Canadian Institute of Mining, Metallurgy and Petroleum (&ldquo;CIM&rdquo;)
        in &ldquo;CIM Definition Standards on Mineral Resources and Mineral Reserves&rdquo; adopted by CIM Council on May 10, 2014.</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">The June 30, 2020 Mesquite Mineral
        Reserves and Mineral Resources update was based on technical information regarding the Mesquite property originally reported in
        the &ldquo;Technical Report on the Mesquite Gold Mine, California, U.S.A.&rdquo; (the &ldquo;Mesquite Technical Report&rdquo;)
        dated March 18, 2020 with an effective date of December 31, 2019, prepared by AGP Mining Consultants Inc. and also incorporates
        newly acquired data. The Qualified Persons as defined by National Instrument 43-101 who prepared or supervised the preparation
        of the information contained in the report are Bruce Davis, FAusIMM (BD Resource Consulting, Inc.), Nathan Robison, PE (Robison
        Engineering Company Inc.), Ali Shahkar P.Eng. (Lions Gate Geological Consulting Inc.), Robert Sim, P.Geo. (SIM Geological Inc.),
        Jefferey Woods, SME MMAS (Woods Process Services, LLC) and Gordon Zurowski, P.Eng (AGP).</P>
        <P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 5pt; text-align: justify">Scott Heffernan, MSc, P.Geo., Equinox
        Gold&rsquo;s EVP Exploration, is responsible for the drilling programs at Mesquite.</P></TD></TR>
<TR>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>ex993.htm
<DESCRIPTION>CEO CERTIFICATION
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>EXHIBIT 99.3</B></FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Form 52-109F2</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Certification of Interim Filings</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Full Certificate</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 0 12pt">I, <B>Christian Milau</B>, <B><I>Chief Executive Officer
of Equinox Gold Corp.</I></B>, certify the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD><B><I>Review:</I></B> I have reviewed the interim financial report and interim MD&amp;A (together, the &ldquo;interim filings&rdquo;)
of <B>Equinox Gold Corp.</B> (the &ldquo;issuer&rdquo;) for the interim period <B>ended September 30, 2020</B>.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD><B><I>No misrepresentations:</I></B> Based on my knowledge, having exercised reasonable diligence, the interim filings do not
contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to
make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the
interim filings.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD><B><I>Fair presentation:</I></B> Based on my knowledge, having exercised reasonable diligence, the interim financial report
together with the other financial information included in the interim filings fairly present in all material respects the financial
condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD><B><I>Responsibility: </I></B>The issuer&rsquo;s other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (DC&amp;P) and internal control over financial reporting (ICFR), as those terms are defined
in National Instrument 52-109 <I>Certification of Disclosure in Issuers&rsquo; Annual and Interim Filings,</I> for the issuer.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD><B><I>Design:</I></B> Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer&rsquo;s other certifying
officer(s) and I have, as at the end of the period covered by the interim filings</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>designed DC&amp;P, or caused it to be designed under our supervision, to provide reasonable assurance that</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>material information relating to the issuer is made known to us by others, particularly during the period in which the interim
filings are being prepared; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted
by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities
legislation; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></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: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer&rsquo;s
GAAP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.1</TD><TD><B><I>Control framework:</I></B> The control framework the issuer&rsquo;s other certifying officer(s) and I used to design
the issuer&rsquo;s ICFR is <I>Internal Control &ndash; Integrated Framework (2013) published by the Committee of Sponsoring Organizations
of the Treadway Commission (COSO).</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.2</TD><TD><B><I>ICFR &ndash; material weakness relating to design: N/A</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.3</TD><TD><B><I>Limitation on scope of design: N/A</I></B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD><B><I>Reporting changes in ICFR:</I></B> The issuer has disclosed in its interim MD&amp;A any change in the issuer&rsquo;s
ICFR that occurred during the period beginning on July 1, 2020 and ended on September 30, 2020 that has materially affected, or
is reasonably likely to materially affect, the issuer&rsquo;s ICFR.</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">Date: November 9, 2020</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"><I>/s/ Christian Milau</I></P>

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

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

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

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

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

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

<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>



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

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>ex994.htm
<DESCRIPTION>CFO CERTIFICATION
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>EXHIBIT 99.4</B></FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Form 52-109F2</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Certification of Interim Filings</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Full Certificate</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 0 12pt">I, <B>Peter Hardie</B>, <B><I>Chief Financial Officer of
Equinox Gold Corp.</I></B>, certify the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD><B><I>Review:</I></B> I have reviewed the interim financial report and interim MD&amp;A (together, the &ldquo;interim filings&rdquo;)
of <B>Equinox Gold Corp.</B> (the &ldquo;issuer&rdquo;) for the interim period <B>ended September 30, 2020</B>.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD><B><I>No misrepresentations:</I></B> Based on my knowledge, having exercised reasonable diligence, the interim filings do not
contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to
make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the
interim filings.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD><B><I>Fair presentation:</I></B> Based on my knowledge, having exercised reasonable diligence, the interim financial report
together with the other financial information included in the interim filings fairly present in all material respects the financial
condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD><B><I>Responsibility: </I></B>The issuer&rsquo;s other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (DC&amp;P) and internal control over financial reporting (ICFR), as those terms are defined
in National Instrument 52-109 <I>Certification of Disclosure in Issuers&rsquo; Annual and Interim Filings,</I> for the issuer.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD><B><I>Design:</I></B> Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer&rsquo;s other certifying
officer(s) and I have, as at the end of the period covered by the interim filings</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>designed DC&amp;P, or caused it to be designed under our supervision, to provide reasonable assurance that</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>material information relating to the issuer is made known to us by others, particularly during the period in which the interim
filings are being prepared; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted
by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities
legislation; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></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: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer&rsquo;s
GAAP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.1</TD><TD><B><I>Control framework:</I></B> The control framework the issuer&rsquo;s other certifying officer(s) and I used to design
the issuer&rsquo;s ICFR is <I>Internal Control &ndash; Integrated Framework (2013) published by the Committee of Sponsoring Organizations
of the Treadway Commission (COSO).</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.2</TD><TD><B><I>ICFR &ndash; material weakness relating to design: N/A</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.3</TD><TD><B><I>Limitation on scope of design: N/A</I></B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD><B><I>Reporting changes in ICFR:</I></B> The issuer has disclosed in its interim MD&amp;A any change in the issuer&rsquo;s
ICFR that occurred during the period beginning on July 1, 2020 and ended on September 30, 2020 that has materially affected, or
is reasonably likely to materially affect, the issuer&rsquo;s ICFR.</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">Date: November 9, 2020</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"><I>/s/ Peter Hardie</I></P>

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

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

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

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

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

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

<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>



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

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"></P>

</BODY>
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<SEQUENCE>6
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
